Global Organic Feed Market Size To Worth USD 16.4 Billion By 2033 | CAGR OF 7.71%
Category: AgricultureGlobal Organic Feed Market Size To Worth USD 16.4 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Organic Feed Market Size is to grow from USD 7.8 Billion in 2023 to USD 16.4 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 7.71% % during the projected period.
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Browse key industry insights spread across 212 pages with 110 Market data tables and figures & charts from the report on the "Global Organic Feed Market Size, Share, and COVID-19 Impact Analysis, By Source (Cereals & Grains, and Oilseeds), By Form (Pellets, Crumbles, and Mashes), By Livestock (Poultry, Ruminants, Swine, and Aquatic Animals) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/organic-feed-market
Livestock such as pigs, chickens, goats, and cattle are permitted to consume organic feed since it contains ingredients that have been certified organic. Crops grown organically that is, without the use of artificial pesticides or fertilizers include wheat, barley, soybeans, corn, and other ingredients. Owners of livestock that produce organic milk and meat are highly interested in purchasing organic feed, which comes in a variety of forms such as crumbles, mashes, and pelleted feed. The absence of antibiotics, medications, pesticides, and growth steroids in organic feed makes it highly sought-after since it supports optimal animal growth and digestion, prolongs the life of cattle, and maintains the pH of the rumen. Additionally, the growing demand for organic feed has caused a significant shift in market share. A growing number of consumers now have a preference for organic goods. The absence of hormones or pesticides in the feed might not have an impact on the expansion of the organic industry. The introduction of organic goods including milk, ghee, cheese, and butter which are made from livestock-fed organic feed is another goal for food makers. The growing usage of organic feed in animal production is one of the key factors boosting global demand for organic feed.
The cereal & grains segment is anticipated to dominate the global organic feed market during the projected timeframe.
Based on the source, the global organic feed market is divided into cereals & grains, and oilseeds. Among these, the cereal & grains segment is anticipated to dominate the global organic feed market during the projected timeframe. As people become more conscious of the health benefits of feeding organic cereals and grains to animals, the demand for organic feed will rise and increase sales.
The pellets segment anticipated for the largest revenue share of the global organic feed market during the projected timeframe.
Based on the form, the global organic feed market is divided into pellets, crumbles, and mashes. Among these, the pellets segment anticipated for the largest revenue share of the global organic feed market during the projected timeframe. Pellets help reduce feed waste due to they are good for both feeding and storing.
The poultry segment is anticipated to dominate the global organic feed market during the projected timeframe
Based on the livestock, the global organic feed market is divided into poultry, ruminants, swine, and aquatic animals. Among these, the poultry segment is anticipated to dominate the global organic feed market during the projected timeframe. This market has grown as a result of rising awareness of the advantages of organic feed ingredients and growing concerns about animal health.
Asia Pacific is expected to hold the largest share of the global organic feed market over the forecast period.
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Asia Pacific is expected to hold the largest share of the global organic feed market over the forecast period. Due to the existence of large-scale animal production, such as swine, poultry, and cattle. Many farmers use organic farming to meet the demand for organic products due to its nutritional value and health benefits. The abundant availability of grains allows manufacturers to employ more natural components in animal feed, which improves meat quality. It is the world's greatest producer and consumer of feed, with China making the largest contribution. The Asia-Pacific organic feed market is predicted to rise due to the rising adoption of organic agricultural practices and awareness among livestock farmers. The growing demand, especially from the meat and dairy industries, for organic food products is having a favourable effect on the production of organic cattle. As a result, demand for organic feed products will gradually increase over the projection year.
North America is anticipated to grow at the fastest pace in the global organic feed market during the projected timeframe. Due to consumer health concerns and the substantial influence of the pet food manufacturing and milling industries, the North American market for organic feed additives is anticipated to be the largest. greater government support for farmers using organic agricultural methods, a greater presence of important stakeholders, and an increase in the supply of approved food additives. In a similar vein, the market would expand due to the region's rising per capita meat consumption and strict meat quality regulations. Additionally, North America is the largest market for organic food, making up nearly half of all retail sales of organic food worldwide, with the majority of this share occurring in the United States.
Major vendors in the global organic feed market include Cargill, BernAqua, Country Heritage Feeds, ForFarmers, SunOpta, Ranch-Way Feeds, Aller Aqua, Purina Animal Nutrition LLC, Scratch and Peck Feeds, K-Much Feed Industry Co., Ltd, The Organic Feed Company, B&W Feeds, Feedex Companies, Country Junction feeds, and others.
Recent Developments
- In October 2021, in order to boost flock health and productivity, Cargill introduced essential oil-based chicken feed. To meet this need, essential oils have been added to Cargill's Natrena Naturewise poultry feed.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global organic feed market based on the below-mentioned segments:
Global Organic Feed Market, By Source
- Cereals & Grains
- Oilseeds
Global Organic Feed Market, By Form
- Pellets
- Crumbles
- Mashes
Global Organic Feed Market, By Livestock
- Poultry
- Ruminants
- Swine
- Aquatic Animals
Global Organic Feed Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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