(MENAFN – EIN Presswire)
The Organic Feed Market is valued at USD 7.12 billion in 2023, with an expected growth rate of 8.74% annually until 2033.
Organic feed includes products for livestock, poultry, and aquatic animals that are produced using organic farming. This market is growing due to increasing demand for organic meat and poultry, along with a focus on animal health and productivity. The market is divided by livestock type, feed form, and other criteria.
Key drivers of growth are rising consumer awareness about health and sustainability, as organic farming is seen as an alternative to conventional farming. However, challenges include higher production costs and lower yields, leading to higher prices for organic products.
Core Market Segments
Cereals and Grains: This segment is expected to grow the fastest. It includes wheat, barley, and corn, vital for animal feed.
Poultry: The poultry segment is the largest, with rising demand for organic meat pushing growth.
Pellets: Pellets are the most popular type of organic feed and are projected to see substantial growth.
Amino Acids: This segment is growing due to increased awareness of organic feed benefits.
Market Leaders
Key players include Cargill, Purina Animal Nutrition LLC, and ForFarmers, among others.
Growth Factors
Innovations in agricultural technology are improving the efficiency of organic feed production. This includes precision farming and tailored organic feeds, driving productivity.
Future Outlook
Manufacturers can expand their offerings for various livestock species and specific nutritional needs to adapt to changing market demands.
Regional Insights
North America remains dominant in the organic feed market, while Europe is also expected to grow significantly due to health concerns over chemical feed supplements.
Company Info
Evolve Business Intelligence provides market research and advisory services, using advanced data analysis tools to deliver accurate insights.
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