According to TechSci Research report, “India Animal Feed Supplements Market- By Region, Competition, Forecast and Opportunities, 2019-2029”, the India Animal Feed Supplements Market stood at USD 339.12 million in 2022 and is anticipated to grow with a CAGR of 4.82% in the forecast period, 2024-2029. Initiatives taken by government based on animal feed supplements has led to favorable market conditions for the India Animal Feed Supplements Market. Several factors contribute to the growth of various animal feed supplements products.

Under this scheme, known as the Animal Feed Subsidy Program, the central government provides a generous 50% capital subsidy, up to Rs. 50 lakhs, to beneficiaries in the animal feed sector. This substantial financial support plays a crucial role in facilitating the establishment and expansion of animal feed production units, ensuring a steady supply of high-quality feed for livestock.

Recognizing the urgent need to address antimicrobial resistance (AMR) in the poultry industry, the government, in close collaboration with renowned research institutions and states, has undertaken comprehensive steps to combat this growing threat. The primary focus of these measures is to enhance animal health and welfare while simultaneously reducing the use of antimicrobials. By promoting responsible and judicious practices, this initiative aims to safeguard animal well-being, protect public health, and ensure the long-term sustainability of the poultry sector.

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The animal feed supplements industry in India has been experiencing a significant surge in the development of innovative products and formulations. Manufacturers are heavily investing in extensive research and development to create advanced feed supplements that precisely cater to the specific nutritional requirements of various animal species and different stages of growth. These remarkable innovations involve the incorporation of unique and cutting-edge ingredients, such as prebiotics, probiotics, amino acids, enzymes, and herbal additives, into feed formulations.

For instance, probiotic supplements have been gaining immense popularity due to their remarkable ability to promote gut health, improve digestion, and enhance overall immunity in animals. The remarkable benefits provided by these probiotic supplements have made them increasingly sought after by animal owners and caretakers. Additionally, the industry has witnessed a notable shift towards the use of natural and organic additives in feed supplements. This trend has been largely driven by the growing consumer demand for chemical-free and sustainable animal products, as more and more individuals are becoming conscious of the impact of their choices on the environment and animal welfare.

As the animal feed supplements industry in India continues to evolve, it is expected that further advancements and breakthroughs will be made in the development of innovative products and formulations. These developments will not only contribute to the overall growth and success of the industry but also play a crucial role in supporting the health and wellbeing of animals, while meeting the ever-changing demands of consumers.

The India Animal Feed Supplements Market is segmented into source, product type, livestock type, form, application, regional distribution, and company

Based on its form, the dry segment held the largest market share in the forecast period. Dry feed supplements are highly preferred by livestock producers due to their exceptional ease of handling, storing, and transportation. With their powdered or pelletized form, these supplements offer utmost convenience in mixing with animal feed, ensuring a uniform distribution that maximizes their effectiveness.

One significant advantage of dry feed supplements is their extended shelf life compared to other forms like liquids or gels. This remarkable attribute not only simplifies inventory management but also significantly reduces the risk of spoilage or wastage, providing peace of mind to producers.

Moreover, dry feed supplements are known for their cost-effectiveness, making them a popular choice among livestock producers. By being produced in large quantities, these supplements help lower production costs. Additionally, their longer shelf life plays a crucial role in minimizing losses caused by expiration or spoilage, further enhancing their economic benefits.

Based on region, North India segment is expected to grow during the forecast period. North India, particularly the state of Uttar Pradesh, is renowned as one of the top farming regions in the country. With its fertile soil and favorable climate, the region has become a hub for agricultural activities and livestock farms. These farms, encompassing dairy farms, poultry farms, and other animal husbandry operations, contribute significantly to the overall livestock population in North India.

The thriving livestock industry in North India has led to an increasing demand for animal feed supplements. These supplements are vital to ensure that the nutritional requirements of the animals are met, keeping them healthy and productive. As a result, the demand for high-quality animal feed supplements has been steadily rising to support the growing livestock population in the region.

Another state in North India, West Bengal, has emerged as one of the most productive agricultural states in the country. With its rich agricultural resources and dedicated farming practices, West Bengal has witnessed a surge in agricultural productivity. This increased agricultural output has further fueled the demand for animal feed supplements in order to sustain the flourishing livestock industry in the state.

As North India continues to thrive in both agriculture and livestock farming, the demand for animal feed supplements remains a crucial aspect of the region's agricultural landscape. It plays a pivotal role in supporting the growth and sustainability of the livestock industry, ultimately contributing to the overall development and prosperity of the agricultural sector in North India.

Major companies operating in India Animal Feed Supplements Market are:

• Vinayak Ingredients India Pvt. Ltd.
• ADM Agro Industries India Pvt. Ltd.
• BASF India Limited
• Cargill India Pvt. Ltd.
• Evonik India Private Limited
• DSM India Private Limited
• Novus Animal Nutrition (India) Private Limited
• Neospark Drugs and Chemicals Private Limited
• Natural Remedies Pvt. Ltd.
• Zydus Animal Health and Investments Ltd.

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“Growing application of animal feed supplements in various end user industries are key drivers of the animal feed supplements market. Growth in competitive landscape and presence of well-established companies in the market who are dedicated to enhance their productivity of animal feed supplements with every passing year are anticipated to register an impressive growth to India Animal Feed Supplements Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“India Animal Feed Supplements Market By Source (Natural, Synthetic), By Product Type (Vitamins & Minerals, Amino Acids, Enzymes, Antibiotics, Others), By Livestock Type (Poultry, Ruminants, Swine, Aquaculture, Others), By Form (Liquid, Dry), By Application (Growth & Weight Management, Health & Wellness, Digestive Health, Reproductive Health, Others), By Region, By Competition Forecast & Opportunities, 2019-2029”, has evaluated the future growth potential of India Animal Feed Supplements Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Animal Feed Supplements Market.

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