Market Reasech Future1

The Organic Feed Market’s Journey to USD 12.36 Billion by 2030″

Organic Feed Market  Outlook

The Organic Feed Market, valued at USD 7.6 billion in 2022, is poised for substantial growth, projected to reach USD 12.36451511 billion by 2030, with a compound annual growth rate (CAGR) of 7.20% during the forecast period from 2023 to 2030. This industry’s expansion is primarily attributed to a heightened awareness of the drawbacks associated with the use of chemical feed supplements for cattle, which serves as a key driver propelling market growth.

One of the significant factors contributing to the escalating demand for organic feed is the increasing consumer preference for organic milk, meat, poultry, eggs, and leather products. This surge in demand is closely tied to the growth of organic animal husbandry. Organic animal husbandry, defined as a livestock production system that promotes the utilization of organic and biodegradable inputs from the ecosystem concerning animal nutrition and health, is gaining prominence. Governments across various countries are actively involved in efforts to educate and encourage farmers to adopt organic farming practices. This not only facilitates the supply of raw materials to the organic feed market but also contributes significantly to its overall growth.

Organic Feed Market players are responding to the rising demand by focusing on strategic initiatives such as product launches, partnerships, acquisitions, and expansions. For instance, ForFarmers N.V. announced the acquisition of Van Gorp Biologische Voeders B.V. through its subsidiary Reudink on October 2, 2018, to enhance its production capacity in organic feed.

In the landscape of growth opportunities within the market, the expansion of organic farmland for cereals and grains stands out. The cereals and grains segment dominated the global organic feed market in 2019 and is anticipated to remain the largest during the forecast period. This dominance is driven by the increasing adoption of organic farming practices, leading to a rise in organic farmland dedicated to cereals and grains, which are in high demand for both human and animal consumption.

The poultry sector is witnessing a notable trend with feed in crumbled form gaining popularity. Crumbles, derived from whole pellets and rolled into smaller sizes, are preferred by smaller breeds, particularly broilers. The smaller size of crumbles facilitates easier intake for these breeds, contributing to the growing preference for this form of feed in the poultry industry.

The aquaculture sector is experiencing significant growth globally, driven by the surging demand for aqua-based protein and increased seafood consumption. This growth is particularly evident in shellfish and herbivorous and omnivorous pond fish. As a response, market players are focusing on expanding the range of organic feed for various aquaculture species.

Several key players are influencing the dynamics of the organic feed market, including Jones Feed Mills Ltd. (UK), The Organic Feed Company (UK), Modesto Milling Inc. (US), Scratch and Peck Feeds Mill (US), Land O’Lakes, Inc. (US), Forfarmers N.V. (Netherlands), Ranch-Way Feeds (US), Wolcottville Organic Livestock Feed (US), Kreamer Feed, Inc. (US), Aller Aqua A/S (Denmark), B&W Feeds Ltd (UK), HI Peak Feeds Ltd (UK), Country Heritage Feeds (Australia), Yorktown Organics, LLC (US), Feedex Companies (US), among others.

Browse In-depth Market Research Full Access Report : @ https://www.marketresearchfuture.com/reports/organic-feed-market-10138

In conclusion, the organic feed market is witnessing robust growth, fueled by increased awareness of the drawbacks of chemical feed supplements, a growing preference for organic animal products, and initiatives to promote organic farming practices. The market presents diverse opportunities, including the expansion of organic farmland for cereals and grains, the popularity of crumbled form in poultry feed, and the rising demand for organic feed in the aquaculture sector. Key players in the industry are strategically positioning themselves to capitalize on these opportunities and meet the evolving market demands.
About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), and Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team has a supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which helps to answer all their most important questions.

To stay updated with the technology and work process of the industry, MRFR often plans & conducts meetings with the industry experts and industrial visits for its research analyst members.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York, New York 10013, United States of America

Sales:   +1 (855) 661-4441     +44 1720 412 167

Website :  https://www.wantstats.com

E:Mail : Sales@marketresearchfuture.com

 

Leave a Reply

Your email address will not be published. Required fields are marked *