Organic Feed Market Expected to reach USD 11,391 billion by 2027, growing at a CAGR of 6.2% by 2027 | Industry Size, Analysis & Global Forecast

Organic Feed Market

The Organic Feed Market is estimated to reach USD 11,391 billion by 2027, growing at a CAGR of 6.2% over the forecast period (2020-2027).

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The factors driving the growth of Organic Feed Market includes rising preference for nutrition-rich feed products, growing adoption of organic farming practices by farmers, increasing demand for organic poultry meat and improvements in the living standards. According to the report published by Statista, the Organic Meat Market was calculated around USD 15.4 billion in 2021 and is expected to reach USD 23.8 billion by the end of 2026, which will accelerate the Organic Feed Market size in the approaching years, Moreover, growing awareness about the health benefits of organic feed products, increasing number of free Trade Agreements (FTAs) signed between Governments of different countries andf rise in the production of high-quality meats around the world, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, rising disposable incomes, rapid urbanization, and growing population growth rates, are further contributing towards the market growth.

However, growth of Organic Feed Market is hindered attributed to high price of meat and livestock products.

The major players operating in the market are Bern Aqua NV, ForFarmers, The Organic Feed Company, Kmuch Industry, Cargill Incorporated, SunOpta, Inc., Purina Animal Nutrition LLC, BW Feeds, Feedex Companies and Aller Aqua Group, among others.

Based on Livestock, the Poultry segment is predicted to capture the largest market share during the forecast period

Growing consumption of poultry meat across the globe and rising concerns related to animal feed, are some of the factors responsible for the segment's growth.

Based on Form, the Pellets segment is projected to grow at a significant CAGR over the forecast period

Organic feed pellets are easy to store and reduces wastage along with growing adoption of organic feed pellets by poultry farmers, are propelling segment's growth.

Based on Region, the North America is anticipated to hold the highest market share during the forecast period

Rise in the consumption of organic dairy products such as milk and cheese, growing awareness about the benefits of organic feed products, rapid urbanization, increasing population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in North American region.

Key Developments

In 2018, ForFarmers N.V. completed the acquisition of Van Gorp Biologische Voeders B.V. (Van Gorp Bio) to extend its production capabilities in organic feed.
In 2018, Purina Mills introduced Oyster Strong® System, specially designed to maintain a perfect balance of vitamins and minerals in the hens.

Market Segmentation

Segmentation by Type

Cereals & Grains
Corn
Wheat
Barley
Oilseeds
Soybean
Rapeseed
Other Oilseeds
Others

Segmentation by Livestock

Poultry
Swine
Ruminants
Aquatic Animals
Other Livestock

Segmentation by Form

Pellets
Crumbles
Mashes

Segmentation by Additive

Vitamins
Minerals
Amino Acids
Enzymes
Phytogenics

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

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This release was published on openPR.