“Surging Per Capita Egg Consumption and Rising Poultry Meat Consumption Coupled With Growing Commercialization of Poultry Boost Poultry Feed Market”, Says RNCOS
Poultry Industry is one of the fastest growing sectors in India. The egg and poultry meat consumption has significantly risen over the past five years. With the increase in the total production of the broilers and layers in the country; the annual feed consumption is also growing. Consistent expansion and evolution and many new companies are also contemplating to enter into this lucrative segment. Indian poultry feed industry is all set to head for a significant growth pace in the next five years due to highly equipped technologically automated plants propping up in major poultry estates. Against some odds, Indian poultry feed market is gaining more acceptance of being a highly nutritious commercial feed, providing low FCR and resulting in the increase in quality and quantity production of poultry.
Our report, “Indian Poultry Feed Market Opportunities”, covers analysis of poultry and poultry feed industry. As per our research, Growing number of broilers and layers is forecast to take poultry feed consumption to over 27 Million Tonnes by 2019-20. Broiler feed consumption is recording faster growth than layer feed consumption and poultry feed consumption is anticipated to grow with a CAGR of around 6% till 2019-20. Our study finds, Haryana, country’s largest broiler producer as a key investment destination amongst other Indian states as commercial broiler feed penetration stands at around 90% in the state and it will rise to 95% by 2019-20.
Our study further explores the attractiveness of Uttar Pradesh, and poultry feed companies looking for further expansion would find UP as a good investment destination. The Indian poultry feed industry has a great untapped potential, with Southern and Northern regions accounting for over 65% of country’s total broiler feed consumption together.
Additionally, state governments have announced comprehensive programmes to boost poultry production; like Andhra Pradesh launched “Poultry Development Policy 2016-2020” to intensify the poultry production. Similarly, Odisha government is offering exemption of stamp duty on purchase of land for poultry farming, while entrepreneurs are also being encouraged for establishment of the broiler units through capital incentive subsidy available under Poultry Venture Capital Fund through Nabard and state agriculture policy-2013. All such initiatives are positively influencing poultry feed industry in the country.
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