EMR Explores Top 4 Leading Companies in the Indian Feed Additives Market

The Indian feed additives market has been witnessing significant growth and is likely to witness a healthy growth in the forecast period as well. The Indian feed additives market is expected to grow at a CAGR of 7% in the forecast period of 2022-2027.

India is the home to one of the world's largest animal populations and is a major producer of milk, broilers, meat, eggs, and fish. This is boosting the growth of the market tremendously in the country. The growing incomes, increasing awareness of health and well-being, and evolving lifestyles have caused a shift in the food preferences from popular cereals to nutritious foods which are rich in vitamins, proteins, and minerals. This change has caused an increase in the consumption of meat, milk, and eggs. As mentioned above, with a population of over 1.38 billion, India is a very strong market for feed additives and is expected to generate a huge demand for these food products in the forecast period. Other factors driving the market include rising concentration on improving yields, rising emphasis on the prevention of animal diseases, growing exports, and rising concerns about the quality of animal products, among others.

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Top 4 Indian Feed Additives Companies:

Vinayak Ingredients India Pvt. Ltd.

Vinayak Ingredients India Pvt. Ltd was one of the earliest menthol producers in India. Over time, the company started producing food colouring and flavouring agents. The company is known for their usage of completely natural ingredients and their vision to replace chemically organic raw materials with sustainable and natural solutions. Some of their products include Ecoflav, Ecocol and Esiol which are the solutions for natural flavours, natural colours and standardised essential oils respectively.

ADM Agro Industries India Private Limited

In India, ADM’s principal business is the processing of oilseeds into edible oils, animal feeds and feed ingredients. The company also market a range of ADM food ingredients to leading food manufacturers, provide animal nutrition products to poultry and dairy farmers, originate and trade corn and wheat, offer cargo services and warehousing facilities for businesses; and operate a training and incentive program to assist Indian farmers to improve crop quality and increase yields.

Evonik Industries AG

Evonik is a global leader in speciality chemicals. The company is involved in the production of numerous important products produced by several global industries. From making medicines more effective and aircraft more eco-friendly to improving the performance of electric vehicles and the efficiency of 3D printers, this company aids several industries in their workspaces.

BASF SE

BASF is the largest chemical producer in the world, with 390 production sites in Europe and joint ventures in more than 80 countries. The company’s portfolio includes chemicals, materials, surface technologies, industrial solutions, nutrition and care and agricultural solutions. BASF generated sales of €78.6 billion in 2021.