Indian Feed Additives Market 2021 Report, Industry Overview, Growth Rate and Forecast 2026
Indian Feed Additives Market 2021 Report, Industry Overview, Growth Rate and Forecast 2026
Published by IMARC Services Private Limited
Posted on October 6, 2021
According to IMARC Group’s latest report, titled “Indian Feed Additives Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the Indian feed additives market reached a value of US$ 635 Million in 2020. Feed additives stand for nutritional supplements that help in enhancing animal health and metabolism. They are widely adopted for improving numerous physiological processes in animals, such as stress resistance, immune function, reproduction, etc. Furthermore, feed additives also aid in boosting the shelf-life and efficiency of the overall feed. Some of the common product variants include feeding attractants, probiotics, immunostimulants, acidifiers, essential oils, etc.
In India, the rising adoption of feed additives for improving the quality of numerous animal-derived products, such as meat, eggs, milk, etc., is primarily driving the market growth. Moreover, the expanding aquaculture sector, along with the growing consumption of seafood products, is also augmenting the demand for feed additives in the country. Besides this, the introduction of numerous policies by the Indian government for promoting the use of feed additives to mitigate disease outbreak in livestock and ensure high-quality yield is further catalyzing the market growth. In the coming years, the launch of innovative product variants with enhanced safety and improved efficiency will continue to drive the feed additives market in India. Looking forward, the Indian feed additives market is expected to exhibit strong growth during the next five years.
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According to IMARC Group’s latest report, titled “Indian Feed Additives Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the Indian feed additives market reached a value of US$ 635 Million in 2020. Feed additives stand for nutritional supplements that help in enhancing animal health and metabolism. They are widely adopted for improving numerous physiological processes in animals, such as stress resistance, immune function, reproduction, etc. Furthermore, feed additives also aid in boosting the shelf-life and efficiency of the overall feed. Some of the common product variants include feeding attractants, probiotics, immunostimulants, acidifiers, essential oils, etc.
In India, the rising adoption of feed additives for improving the quality of numerous animal-derived products, such as meat, eggs, milk, etc., is primarily driving the market growth. Moreover, the expanding aquaculture sector, along with the growing consumption of seafood products, is also augmenting the demand for feed additives in the country. Besides this, the introduction of numerous policies by the Indian government for promoting the use of feed additives to mitigate disease outbreak in livestock and ensure high-quality yield is further catalyzing the market growth. In the coming years, the launch of innovative product variants with enhanced safety and improved efficiency will continue to drive the feed additives market in India. Looking forward, the Indian feed additives market is expected to exhibit strong growth during the next five years.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.