Indian Poultry Feed Sector to Post Around 8% CAGR During 2019-2020, Projects RNCOS in Its New Report Available at MarketPublishers.com
02 Oct 2017 • by Natalie Aster
LONDON – The Indian poultry feed market is projected to gain momentum at around 8% CAGR from 2019 to 2020. In the years to come, packaged poultry feed is poised to grow at a higher rate as against the conventional poultry feed.
The key drivers of the market growth include the rising consumption of poultry products per capita, poultry feed drawing nearer to automation, a surging rate of penetration of low FCR poultry feed, and integrated farm business, amid others.
Feed consumption of broiler chickens is witnessing more rapid growth as against feed consumption of egg laying chickens. The overall poultry feed consumption is forecast to grow at close to a 6% CAGR during 2019-2020. Haryana, the country’s biggest broiler producer as a leading investment destination among other states in India as commercial broiler feed penetration accounts for nearly 90% in the state, and it is expected to gain momentum during 2019-2020; the state also grows in importance owing to its close proximity to Delhi-NCR, as the region captures a significant share of total poultry meat and egg consumption.
Poultry feed manufacturers seeking further expansion also find Uttar Pradesh as a lucrative investment destination taking into consideration increasing broiler production in the state to comply with its mushrooming demand for poultry meat from the population. The country’s poultry feed industry, reliant upon the robust growth of poultry has a huge untapped potential, with Southern and Northern regions together capturing more than 65% of the Indian overall broiler feed consumption.
New market research report “Indian Poultry Feed Market Opportunities” drawn up by RNCOS E-Services offers an all-encompassing, unprejudiced assessment of the market on a national level.
The study gives a well-framed picture of the market dynamics, presents a comprehensive analysis of the historical and current market trends, challenges, drivers and recent developments; provides detailed forecasts of poultry production. It examines the feed markets providing a thorough evaluation of market segments. The research report clearly describes the historic, current, and expected future trends of layer and broiler feeds consumption, and identifies key drivers of, and hindrances to the market growth. The report gives a comprehensive assessment of the poultry feed market dynamics in the Indian states via manifold interviews with poultry farmers, marketing and production managers of feed making companies. An in-depth review of the government policies is included. The study profiles the top 11 industry players, giving an overview of their businesses and product portfolios. The report also presents a comprehensive outlook of the sector’s historical, current, and future scenario.
Other new research reports elaborate by RNCOS E-Services are available at its page at MarketPublishers.com.