Organic Feed Global Market By Product Type, By Application, By Form, By Livestock, By Additives, Opportunity Analysis and Industry Forecast, 2024-2033 | Purina Mills LLC, Unique Organics Ltd., Kreamer Feed Inc., Cargill Inc., Nutreco NV

Spread the love

Overview and Scope
Organic feed refers to animal feed that is organic in nature and does not contain any synthetic pesticides, herbicides, or fertilizers. It is used to feed animals and provide them with nutrition that can improve their health and also provide feed that is good for the environment.

Sizing and Forecast
The organic feed market size has grown strongly in recent years. It will grow from $8.34 billion in 2023 to $8.97 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to consumer demand for organic product, health and environmental concerns, government support and certification programs, awareness of antibiotic and chemical residues, growth in organic agriculture.

The organic feed market size is expected to see strong growth in the next few years. It will grow to $12.11 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to global expansion of organic certification, organic aquaculture practices, e-commerce growth for organic products, corporate sustainability initiatives. Major trends in the forecast period include investment in organic supply chain, technology in organic feed production, collaboration in the organic supply chain, innovation in organic feed formulations, non-gmo and clean label preferences.

To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/organic-feed-global-market-report

Segmentation & Regional Insights
The organic feed market covered in this report is segmented –
1) By Type: Cereals and Grains, Oilseeds, Other Types
2) By Additives: Amino Acids, Vitamins, Minerals, Acidifiers, Antioxidants, Pre & Probiotics, Flavors and Sweeteners, Other Additives
3) By Form: Pellets, Crumbles, Other Forms
4) By Livestock: Poultry, Ruminants, Swine, Aquatic Animals, Other Livestock

North America was the largest region in the organic feed market in 2023. The regions covered in the organic feed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10255&type=smp

Major Driver Impacting Market Growth
The adoption of organic farming practices by farmers is expected to propel the growth of the organic feed market going forward. Organic farming can be defined as all the farming techniques that make use of ecologically based pest controls and biological fertilizers that are obtained mainly from plant and animal waste. There has been an increase in organic feed being used by farmers to provide safe, nutritious food to their livestock while farming organically. For instance, in February 2023, according to FiBL, a Germany-based independent, non-profit research institute, estimated 3.7 million organic producers are there in 2021, an increase of 4.9% compared to 2020. Furthermore, according to an article published by the European Commission, a Belgium-based executive body of the European Union, in January 2023, the agricultural land that is being used for organic farming in the EU has increased by more than 50% with an annual increase of approximately 5.7%. Therefore, the adoption of organic farming practices by farmers will drive the growth of the organic feed market.

Key Industry Players
Major companies operating in the organic feed market report are Purina Mills LLC, Scratch and Peck Feeds, K-Much Feed Industry Co. Ltd., Hi Peak Feeds Ltd., BernAqua, Country Heritage Feeds, SunOpta Inc., Ranch-Way Inc., Aller Aqua A/S, B&W Feeds Ltd., Country Junction Feeds, Green Mountain Feeds, Unique Organics Ltd., Kreamer Feed Inc., Aus Organic Feeds Pty. Ltd., Cargill Inc., Yorktown Organics, Lonza Group, ForFarmers NV, Bayer AG, BASF SE, American Vanguard Corporation, Archer Daniels Midland Company, Biochem Zusatzstoffe Handels, Kemin Industries Inc., Novus International Inc., Nutreco NV, Pancosma S.A., Royal DSM N.V., The Fertrell Company

The organic feed market report table of contents includes:
1. Executive Summary