The global Organic Feed Market size is expected to reach USD 12.60 Billion by 2028 and register a CAGR of 7.1% over the forecast period, according to the latest report by Reports and Data. Increasing adoption of organic farming practices to cater to growing consumer concerns regarding animal health and contamination of products is a key factor driving market revenue growth. Increasing demand for organic food products, growing organic livestock farming, and increasing need to improve health and performance of livestock are some other key factors expected to drive revenue growth of market over the forecast period.
Rapid economic growth in developing countries and availability of a variety of organic feed ingredients is expected to further drive growth of the market over the forecast period. In addition, increasing incidence of product contamination due to excessive use of pesticides and insecticides has boosted demand for more natural and nutritional ingredients in animal feeds, such as organic feed, and this is expected to contribute significantly to market revenue growth over the forecast period.
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Major companies operating in the market include Cargill, BernAqua, Country Heritage Feeds, ForFarmers, SunOpt, Ranch-Way Feeds, Aller Aqua, Purina Animal Nutrition LLC, Scratch and Peck Feeds, K-Much Feed Industry Co., Ltd., The Organic Feed Company, BW Feeds, Feedex Companies, Country Junction feed, and Green Mountian Feeds, among others.
Some Key Highlights From the Report:
- Cereals and grains segment is expected to register significant revenue growth over the forecast period owing to increasing production of high-yield crops such as wheat, barley, and corn across the globe. Organic feed majorly contains wheat, barley, and corn and this is expected to further contribute to revenue growth of this segment.
- Pellets segment is expected to account for a significant revenue share in the global market over the forecast period. Steady growth can be attributed to pellets form being the most widely preferred form of organic feed. This form is easy to feed animals with and is convenient to store.
- Poultry segment is expected to register significant revenue CAGR over the forecast period owing to increasing demand for organic meat and rising consumption of poultry meat worldwide. Increasing concerns surrounding animal health and productivity and rising awareness about benefits of organic feed in the poultry sector are factors expected to drive revenue growth of this segment.
- North America is expected to account for around 30% of revenue share in the global market over the forecast period owing to increasing availability of permitted food additives, increasing financial support from governments to farmers adopting organic farming practices, and robust presence of key market players in countries in the region.
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For the purpose of this report, Reports and Data has segmented the global organic feed market based on type, form, livestock, and region:
Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Cereals Grains
- Oilseeds
- Forage
- Others
Form Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Pellets
- Crumbles
- Mashes
Livestock Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Poultry
- Ruminants
- Swine
- Aquatic animals
- Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
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Key questions answered:
- Which of these regions – North America, Europe, Asia Pacific, Latin America, and Middle East Africa, dominates market share?
- What is the outcome of the COVID-19 Impact Analysis performed in the report?
- What are the revenue estimations for every region in the Organic Feed market?
- What is the current market valuation of each region and the estimated market size by the end of the forecast period?
- What is the projected growth rate of the global Organic Feed market?
Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
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