BURNABY, Canada, October 29, 2015 /PRNewswire/ --
Rising consumption of poultry meat and other poultry products driving poultry feed market in India
According to a report by TechSci Research "India Poultry Feed Market Forecast & Opportunities, 2020", poultry feed market in India is forecast to grow at a CAGR of around 15% during 2015 - 2020, on account of increasing consumption of poultry products in the country, rising population, growing preference for white meat over red meat and increasing poultry population. Over the last few years, increasing awareness about the use of cost effective and nutrition rich compound feed has further benefited the poultry feed market in India.
Growing household income levels and rising broiler meat consumption are pumping growth in the country's broiler poultry feed market. Broiler birds grow quickly in comparison to layer birds and require higher protein feed for better feed to meat conversion ratio. Southern region of India garners the highest share in poultry production and consumption in India. As a result, the region is the leading poultry feed market in India and is characterized by presence of big market players and large poultry population. Few of the major players operating in India poultry feed market include Amrit Feeds Ltd., Godrej Agrovet Ltd., SKM Animal Feeds and Foods (India) Ltd., Suguna Foods Pvt. Ltd., and Prime Avian Feed (India) Pvt. Ltd.
"India is one of the fastest growing poultry feed markets in the world. Growing population, changes in food consumption habits, increasing consumption of poultry products, etc., are some of the key reasons driving poultry feed market in India. Growing trend towards contract farming (Vertical Integration) has been driving demand for poultry feed in India, as buyer companies offer high quality poultry supplies including feed, medications and veterinary supplies to farmers in order to increase the poultry output." said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"India Poultry Feed Market Forecast & Opportunities, 2020" has evaluated the future growth potential of India poultry feed market and provides statistics and information on market structure and trends. The report includes projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in poultry feed market in India.
About TechSci Research
TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.
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SOURCE TechSci Research