India Animal Feed Market Outlook – Rising Demand for Animal Products to Boost the Growth of Industry
New York, NY, July 09, 2014 --(PR.com
)-- Global market intelligence firm, Netscribes, Inc. released its latest report on the ‘Animal Feed Market in India 2014’. Increasing demand for animal based products is expected to accelerate the existing growth potential of the Indian Animal Feed market in the upcoming years.
Netscribes’ latest market research report titled Animal Feed Market in India 2014 highlights the competitive market scenario of the Indian animal feed market and its growth prospects in the ensuing years. The Indian Animal Feed market is experiencing rising demand due to various driving factors which, in turn, have been instrumental in providing immense opportunities to manufacturers to grow and operate in the market lucratively. The report provides a snapshot of the market overview of the Animal Feed industry in India. It also highlights the global market scenario of the animal feed industry. The Indian animal feed market is classified into three broad segments – poultry feed, cattle feed and aqua feed, wherein poultry feed enjoys more popularity in comparison to the others. The report also gives an insight into further segmentation of these sub-markets. Moreover, the animal feed market is dominated by a large number of unorganized manufacturers.
There are certain factors that have predominantly worked towards enabling the animal feed sector to grow in recent years. These include growth in livestock population, untapped market potential, increasing domestic consumption of animal products and growth of end-user industries. In addition to these, the other factors which are contributing towards the rapid growth of the industry include favorable demographics and increase in disposable income.
For the animal feed segment, various governmental policies and schemes are being implemented under the 12th Five Year Plan. These initiatives are aimed at improving the status of the animal feed industry to support future demand.