India’s ANIMAL FEED MARKET – Size, Top Companies, Opportunities and Key Risks

Headline figure:  India’s animal feed market / compund feed market is valued at USD 14.20 billion (Ken Research base year 2023), with 2025 market estimates from cross-firm consensus ranging USD 14.5–14.9 billion. The market is forecast to reach USD 17.4–21.8 billion by 2030–2035, growing at CAGRs of 4.4–6.6% depending on the research house and coverage scope.

India is one of the world’s largest animal feed markets, underpinned by the world’s largest livestock population (535.78 million head, 20th Livestock Census 2019), the world’s largest milk-producing country status, the second-largest egg producer, and the fifth-largest meat producer globally. The feed market sits at an inflection point between traditional, unorganised fodder and home-ration feeding practices and a rapidly expanding organised, scientifically formulated compound feed sector.

The Ken Research report, released May 2026, is an 85-page strategic intelligence document covering market size, five-year historical analysis (2018–2023), competitive landscape, segmentation, regulatory framework, and a forecast horizon to 2028/2030. It identifies three structural mega-trends driving the market: rising demand for animal protein, expanding livestock populations, and the technology-led transformation of feed production. Five companies — Godrej Agrovet, Cargill India, Suguna Foods, Amrit Group, and Venkateshwara Hatcheries — are highlighted as key market leaders.

Key risks identified include maize and soybean meal price volatility, supply chain fragility, FSSAI’s tightening antibiotic regulations (banning 34 antimicrobials by October 2024), EU export compliance deadlines (September 2026), and the structural challenge of reaching 535+ million small and marginal farmers with affordable, quality feed in rural areas.

Downlaod snippets of the report here – India_Animal_Feed_Market_Report_May2026 

Market Size & Forecast — Cross-Source Consensus

The Ken Research figure is consistent with a strong cross-firm consensus. The table below triangulates data from six research houses to present a credible range:

Source: Ken Research (May 2026), Mordor Intelligence (Jan 2026), IMARC Group (2025–26), Expert Market Research, Knowledge Sourcing, Straits Research. *Straits Research figure covers a narrower scope (aquaculture/specialty feeds only).

Analyst consensus:  The most reliable cross-firm consensus for 2025 market value is USD 14.5–14.9 billion. The wide CAGR spread (3.9–6.6%) reflects differing scope definitions — compound feed only vs. total feed (including fodder and home rations). Mordor Intelligence’s USD 15.43B estimate for 2026 compound feed specifically reflects the fastest-growing organised segment.

Market Structure & Segmentation

By Feed Type (Value Share, 2025)

Poultry feed dominates the India animal feed market by a significant margin. The following breakdown is based on IMARC and Mordor Intelligence data cross-referenced with Ken Research’s segmentation:

Source: Ken Research (2026), IMARC Group, Mordor Intelligence, Expert Market Research

By Feed Form

The Ken Research report segments the market by physical form: Pellets, Crumbles, Mash, and Others.

• Pellets (dominant form): Held the largest share in 2023. Preferred for ease of handling, reduced wastage, and enhanced palatability. Pellets deliver balanced nutrition consistently — critical for maximising growth rates. Rising dominance in commercial dairy farms and poultry broiler operations is further boosting this segment. Pellets are also preferred by livestock farmers for their ability to support better animal growth and health.

• Crumbles: Primarily used in starter rations for broiler chicks and young livestock. Crumbles offer a transitional texture between mash and pellets, supporting early-stage digestibility.

• Mash: Gaining traction in the market, particularly for layer poultry and dairy cattle. Mash is gaining as an alternative to pellets in price-sensitive, semi-commercial operations where milling infrastructure is basic.

Downlaod snippets of the report here – India_Animal_Feed_Market_Report_May2026