Market Highlights
The Global Organic Feed market is projected to be valued at USD 14.65 Billion by 2033, recording a CAGR of around 8.74% during the forecast period. Organic Feed Market refers to the market for organic feed products used in the farming of livestock, poultry, and aquatic animals. The market is expected to grow at a significant rate due to the increasing demand for organic meat and poultry products, as well as the focus on improving the quality of animal feed to enhance the health and productivity of livestock. The market is segmented by Livestock, Livestock, form, and livestock, with various varieties of organic feed available to cater to the specific needs of different animals. The market is also influenced by regulations surrounding organic food production and certification, as well as consumer perceptions and assumptions about organic food production. The market is primarily driven by consumer concerns for personal health and the environment, as organic farming methods aim to minimize or avoid the negative environmental impacts of conventional farming practices. However, organic agriculture has higher production costs and lower yields compared to conventional farming methods, leading to higher consumer prices for organic food products.
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The Organic Feed market experienced a detrimental effect due to the Covid-19 pandemic. The COVID-19 pandemic has caused supply chain interruptions, which have decreased demand or created shortages in the market for organic feed. Spending by consumers and businesses has decreased significantly as a result of the travel restrictions and social distancing measures, and this trend is expected to persist for some time. The epidemic has altered end-user trends and tastes, leading manufacturers, developers, and service providers to implement several measures in an attempt to stabilize their businesses.
Segmental Analysis
The global Organic Feed market has been segmented based on Type, Livestock, Form and Additives
Based on the Type, the market is segmented based on Cereals & grains, Oilseeds, Pulses, Meals and Others. The cereals and grains segment accounted for the largest revenue share in 2022 and is expected to grow significantly over the forecast period. Grains and cereals, such as wheat, barley, and corn, are essential for animal feed because of their large yields. The market is also anticipated to increase as more people become aware of the advantages of feeding livestock organic cereals and grains to guarantee that their nutritional needs are satisfied and to improve their general health and growth.
Based on Livestock, the market has been divided into Poultry, Ruminants, Swine, Aquatic animals and Others. The poultry segment dominated the market in 2022. Poultry, ruminants, swine, and aquatic animal segments of the global organic feed market have been identified. Growing organic meat consumption and chicken output have raised the need for organic feed in the poultry business.
Based on the Form, the market has been divided into Pellets, Crumbles, Mash and Others. Because pellets are the most popular and widely used type of organic feed, this category is predicted to experience a significant revenue increase during the projection period
Based on Additives, the market has been divided into Amino acids, Minerals, Vitamins, Enzymes, Phytogenic and Others. The market is driven by factors such as increasing awareness of organic food for livestock, growing trend of contract farming, and availability of a variety of organic feed. The market is segmented by type, raw material, form, and livestock, with amino acids being the dominant segment due to their ability to build immunity and promote animal growth.
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Regional Analysis
The Organic Feed market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, &Africa. The North American region holds a dominant position in the Organic Feed market. The market for organic feed in Europe, which was valued at USD 7.6 billion in 2022, is anticipated to increase at a substantial CAGR during the course of the study. This is linked to both an aging population in the area and an increase in awareness of the drawbacks of feeding chemicals as feed supplements to cattle. Europe’s Seeds market accounts for the second-largest market share owing to quick advancements in the raising technologies that consequently develop high-quality vegetable planting seeds The Asia-Pacific region is witnessing rapid growth and emerging as a significant market for the Organic Feed industry. The organic feed market in Asia-Pacific is anticipated to expand at the quickest rate possible between 2022 and 2030. This is because APAC nations like China and India are producing more high-yielding crops like wheat, barley, and soybeans. Furthermore, the Asia-Pacific region’s fastest-growing organic feed market was India, while China had the biggest market share.