The organic feed market is expected to witness growth at a CAGR of 7.7%, reaching a valuation of US$ 14.3 Bn by 2032.
Conventional feed contains high amounts of chemicals that hamper the quality of meat when consumed by animals on a daily basis. Long term consumption of such meat as results in severe health disorders. In order to overcome this issue, manufacturers are developing organic feed that does not contain any chemical additives. Animals feeding on such feed offer meat that has high nutritional value, flavor and low fat content.
Download Report Sample@
https://www.futuremarketinsights.com/reports/sample/rep-gb-15162
In order to fulfill rising demand for organic food products key players are focusing on organic livestock farming and adopting farming practices to eradicate health concerns. These factors are expected to propel the demand for organic feed. Consumers are well aware about the downside of consuming non-organic meat and are willing to spend on healthy alternatives in order to maintain good health.
Organic feed variants are well developed in North America and Europe due to development in technologies and consumer willingness to spend on organic feed. Asia Pacific is expected to open doors to many opportunities due to abundance of cereals and grains that can form major source of organic feed.
“Increasing demand for organic animal-derived ingredients in functional food products, along with growing preference for sustainably manufactured animal feed to preserve animal health will augment the growth in the market over the assessment period,” says an FMI analyst.
Use promo code ->> FMITODAY to get flat 20% discount
Key Takeaways:
- Sales of organic feed are expected to increase at 6.6% and 6.3% in North America and the Latin America, respectively, through 2032.
- Asia Pacific is expected to account for 17% market share during the assessment period.
- The Europe organic feed market is expected to reach US$ 1.5 Bn.
- By livestock, demand in the poultry segment will increase at a CAGR of 6.8% through 2032.
- Based on ingredient type, sales of cereals and grains will continue gaining traction over the forecast period.
Competitive Landscape
Key organic feed manufacturers are focusing on research & development to offer different products with no chemical additives. Key players are collaborating and developing new product lines to penetrate untapped markets. For instance:
- New Barn Organics partnered with NestFresh Eggs on its first egg products, the collaboration makes sure that the brand’s deep dedication to superior organic products remains the utmost priority of the brand.
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global organic feed market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
Get Your Queries to Analyst@
https://www.futuremarketinsights.com/ask-question/rep-gb-15162
Organic Feed Market by Category
By Ingredient Type:
- Cereals and Grains
- Oil Seeds
- Others (Pulses)
By Livestock:
- Poultry
- Pigs
- Aquatics Animals
- Pets
By Form:
- Pellets
- Crumbles
- Mash
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
About Food & Beverage Division at Future Market Insights
The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalogue of more than 500 reports about the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
Explore FMI’s Other Extensive Reports of Food & Beverage:
Swine Feed Market Share : The global market Swine Feed will expand at a CAGR of 4.4% over the forecasted time period. According to projections, the market’s worth will rise from USD 126.6 Bn in 2022 to USD 178.6 Bn in 2032.
Fish Feed Market Size : The fish feed market is estimated to account for about USD 112 billion in 2022 and is projected to reach a value of about USD 158.5 billion by 2032
BRIC Organic Baby Food Market Forecast : According to a report by the Export Import Bank of India, BRICS economies cumulatively account for more than 22% of global economic output, 17% of global trade, and more than 40% of the global population.
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers-
Dubai
United Arab Emirates
For Sales Queries: sales@futuremarketinsights.com
Browse All Report: https://www.futuremarketinsights.com/reports
The post Organic Feed Market is to Cross US$ 14.3 Billion by 2032 Amid Rising Adoption of Organic Farming Practices appeared first on Future Market Insights.
Published by: Future Market Insights, Inc.