India Pig Feed Market Overview, 2029

The pig feed market in India, while smaller than the U.S. or China, is experiencing a steady growth because of rising pork demand and the gradual expansion of commercial pig farming. In India, raising pigs has traditionally been done on a small scale, especially in the north-eastern states and rural areas, where traditional feeding techniques are used. In India, providing proper nourishment for pigs is crucial for increasing their productivity, specifically in boosting growth and overall health, ultimately resulting in more lucrative pork output. This industry offers feed formulations for various pig life stages such as starter, grower, and finisher feeds, along with specific feeds for breeding sows and boars. The FSSAI oversees feed safety standards in India under the Food Safety and Standards Act of 2006, which includes ingredient safety, contamination control, and manufacturing practices in feed production. Feed producers must follow stringent quality control procedures to avoid contamination and guarantee the nutritional adequacy of feed items. Bureau of Indian Standards (BIS) provides regulations for creating livestock feed, such as pig feed, that outline the specific nutrients needed for pigs at various stages of life. Furthermore, pig farmers faced heightened difficulties as consumer interest in pork declined temporarily because of the false belief that pork consumption contributed to the spread of the virus. This resulted in a decrease in orders for feed as farmers faced challenges in maintaining their operations due to a decrease in pork sales. According to the research report "India Pig Feed Market Overview, 2029," published by Bonafide Research, the India Pig Feed market is anticipated to grow at more than 2.80% CAGR from 2024 to 2029. One of the key players in the local market is Godrej Agrovet, which has a strong presence in the livestock feed industry and provides a variety of feeds for pigs. Avanti Feeds is another well-known company that focuses on producing feeds for various types of livestock, such as pigs. Companies such as Cargill and ADM utilize their international experience in animal nutrition to offer high-quality pig feed products in the Indian market. The ICAR and NRCP are collaborating with feed producers to create feed recipes tailored to the unique requirements of local pig breeds. Private-public partnerships are on the rise, with feed companies working together with local agricultural universities to research and enhance feed efficiency as well as create feed solutions tailored to specific regions. India relies heavily on local crops like maize, rice bran, and oilseed meals for pig feed ingredients, making the country mostly self-sufficient in this regard. Nonetheless, some feed additives and supplements like vitamins, minerals, and amino acids are sourced from countries such as China and the U.S. India's pig feed exports are not extensive because the local market for pig feed is still growing. Companies that play a crucial role in supplying raw ingredients for pig feed are those that are engaged in the manufacturing of maize, soybean, and rice bran. Godrej Agrovet and Suguna Foods are among the major suppliers of commercial feed to pig farmers. In the northeast region of India, local cooperatives and small feed mills are essential for providing feed to small-scale pig farmers.

Mash feed is the dominant type in India's pig feed market due to its cost-effectiveness and extensive utilization in conventional farming methods. Many Indian pig farmers, especially those in rural and economically underprivileged areas, tend to choose mash feed because it is cheaper and more easily accessible. Producing mash feed is simple and convenient because it involves finely grinding ingredients like maize, rice bran, and oilseed meals, giving farmers the option to combine local grains and agricultural by-products. This allows small and medium-sized pig farmers, who are the majority in the Indian pig farming industry, to easily access it. Despite being more efficient in terms of feed conversion and waste reduction, pellets are less popular among pig farmers in India due to their higher cost and the requirement for specialized machinery in their production. Yet, as commercial pig farming becomes more prevalent, there is anticipated growth in the demand for pellets, especially in more advanced areas or for larger operations. Godrej Agrovet and Suguna Foods are important domestic players in India's pig feed market. Godrej Agrovet provides a diverse selection of animal feed products, including specific feeds for pigs at various growth stages. Suguna Foods, mainly concentrated on poultry products, has been diversifying its presence in various livestock feed sectors, such as pigs. In the US pig feed industry, grower feed is the most popular kind due to its important function in aiding pigs' growth and weight gain in the phase from 25 to 70 kilograms. During this phase, pigs need a diet rich in nutrients to aid in fast muscle growth and maintain good health, resulting in increased feed intake. Grower feed is created to enhance feed conversion efficiency, helping pigs to gain weight rapidly while also minimizing production costs. Due to pigs spending most of their life in the grower phase, they consume more feed during this time compared to the starter or sow phases, making grower feed the main segment in the market. Starter feed is important for young piglet’s right after weaning, but its market share is limited because it is only used for a short period of time. Supporting early growth, immune function, and the transition to solid food is essential for piglets, however, their lower feed consumption during this period means the overall demand is less than grower feed. Major companies in the US pig feed industry are Cargill, Purina Animal Nutrition, and ADM (Archer Daniels Midland). These companies are at the forefront of the market because of their advanced feed formulations that prioritize enhancing growth rates and feed conversion efficiency in the grower phase. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Pig Feed market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Form • Pallet • Mash • Crumbles • Others By Type • Starter Feed • Sow Feed • Grower Feed

The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Pig Feed industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.