India Animal Feed Market Outlook

The demand for india animal feed market is expected to grow exponentially in the coming years due to rising awareness among pet owners regarding nutrition and health of their pets. low cost of production coupled with high domestic demand for animal feed in india has led to its rapid development in recent years. as per a recent report by rncos research, the market is estimated to reach usd 11.6 billion by 2021 at a cagr of 9%. the india feed industry is highly fragmented and is dominated by numerous small and medium-sized feed mills. to meet the growing customer base, many new feed production factories have been set up in recent years. this flourishing industry has led to an increase in innovation and the availability of various custom made feed mixes for different types of animals. over the years, the demand for animal feed has increased significantly due to a rise in the number of animal owners. moreover, growing health consciousness among pet owners is creating more demand for high quality feed products. this has resulted in a steep rise in feed related research in india with various government and private agencies investing in the development of innovative feed products and technologies. in terms of region, the southern region of india enjoys the highest demand for animal feed. additionally, increased affordability to purchase animal feed, due to growing meat consumption and changing consumption patterns has resulted in the increased demand for feed raw materials and feed mixes. in conclusion, over the years, the growing awareness among pet owners and increased consumption of high quality feed products has resulted in a considerable rise in the demand for india animal feed market. the market is likely to continue growing over the coming years given the expected increase in the number of pet owners and the increasing population of different types of animals. the industry will thus be one of the most promising sectors in the country, with tremendous potential for future growth.