Market Trends of india feed probiotics Industry
Rising demand for poultry meat and egg consumption is increasing the poultry production but diseases such as Avian Influenza had negative impact on poultry population
- The Indian poultry industry is one of the largest producers of eggs and broiler meat worldwide. In recent years, the industry went through significant transformations, driven primarily by the rise in poultry meat and egg consumption, which fueled a 7.1% increase in poultry production in 2022 from 2017. The country's per capita consumption of poultry meat reached 2.65 kg in 2022, a 13.7% increase from 2017. The per capita availability of eggs rose to 91 per annum in 2021, which was four more units than in the previous year.
- The Indian poultry market is primarily concentrated in Andhra Pradesh, Tamil Nadu, and Telangana, accounting for a significant portion of the country's production. The poultry industry established itself as a significant player in the global market, with 320,240.46 metric tons of poultry products exported during 2021-22, amounting to USD 71.04 million. Major importers of Indian poultry products include Oman, Maldives, Indonesia, Vietnam, Japan, and Russia.
- However, the poultry industry in the country encountered several challenges. The outbreak of avian influenza and other diseases in poultry led to the culling of birds, resulting in substantial financial losses. Additionally, the industry is plagued by issues such as high feed costs, inadequate processing and storage facilities, and limited access to credit. Overcoming these challenges requires significant investments in infrastructure and technology, along with government support. Overall, the increasing demand for poultry meat in importing countries and rising domestic demand led to a significant increase in poultry production in India.
Understand The Key Trends Shaping This Market
Download PDF
India being third largest fish producing country and the surge in demand for seafood as well as the government's initiatives is increasing the aqua feed demand and production
- The Indian aquaculture industry experienced significant growth due to the surge in demand for seafood, leading to a sudden increase in the growth of the aquafeed market. In 2022, the country's aquaculture feed production reached 2.2 million metric tons, a 48.6% increase from 2017-2022, primarily driven by the increasing aquaculture in India. Fish feed dominated the aquafeed market in India, accounting for 87% of the total aquafeed production in the country, followed by shrimp feed at 6.6% in 2022. The demand for fish is rising domestically and internationally, making it essential for the aqua feed market to maintain the demand for high-quality fish in the country.
- India is the world's third-largest fish-producing country, contributing 7.96% to global production. During 2020-21, the country produced 14.7 million metric ton of fish. Additionally, Andhra Pradesh is the largest fish-feed-consuming state in India, followed by West Bengal, owing to its high fish production in the country.​ Shrimp feed production grew by 75.6% from 2018, mainly due to the surging global demand for shrimp. This led to aquafeed manufacturers producing large quantities of shrimp feed to cater to the growing demand.
- The increasing demand for seafood, coupled with the government's initiatives and growing investments in the aquaculture sector, such as offering subsidies and incentives for the construction of new ponds, purchasing feeds, and setting up processing units, is expected to fuel the growth of the aquafeed market in India in the coming years. The expansion of the aquafeed market is expected to support the development of the Indian economy, create employment opportunities, and contribute to food security.
Understand The Key Trends Shaping This Market
Download PDF
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Lumpy Skin Disease (LSD) had a major impact on growth of ruminants population but the rising demand for dairy products is increasing the demand for ruminants adoption
- Increasing production of broiler and layer feed was due to government initiatives and expansion of poultry farms with southern states having a majority share of poultry feed
- Pig production is increasing as there is an change in lifestyle and Northeast India and states such as West Bengal and Bihar have a higher demand for swine feed due to large population in these states
- Increasing per capita consumption of pork and increasing processed pork consumption is increasing the swine population
- Lumpy Skin Disease (LSD) had a negative impact on ruminants population but government financial package has a positive impact on population and will increase the demand for ruminants feed
