Dublin, April 02, 2024 (GLOBE NEWSWIRE) -- The "Organic Feed Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F" report has been added to ResearchAndMarkets.com's offering.
The demand for organic feed is surging across the globe as industry data projects a robust growth trajectory for this market. Reflecting a compounded annual growth rate (CAGR) of 7.41% from 2018 to 2028, the global organic feed market size continues to expand, driven by heightened consumer demand for organic produce and increased focus on sustainable farming practices.
Offering perspective on the market growth, analysts point to the growing awareness among consumers about the health benefits of organic products. This awareness, coupled with the integration of sustainable livestock farming practices and emphasis on animal welfare, has led to a significant uptick in organic livestock farming, fuelling the organic feed market's growth.
North America Dominates Organic Feed Market amidst Rising Demand
Regionally, North America has emerged as a dominant player fostering market growth, particularly in organic meat, fish, and poultry sectors. The burgeoning demand for organic food within this region underlines the market's potential, with consumers increasingly inclined towards ethical and environmentally responsible food sources. The Asia Pacific and European regions are also witnessing considerable organic feed market expansion, reflecting the global shift towards ecological farming approaches.
Insights on the Organic Feed Market Segmentation and Trends
- Cereals & Grains Segment Leads: Amongst the different types of organic feed, cereals & grains hold the largest market segment due to their high utilization in animal nutrition.
- Precision Farming Gains Ground: Precision farming techniques, characterized by their efficiency and sustainability, are being increasingly adopted in organic feed production, marking a significant trend within the industry.
- Local Sourcing Emphasized: There is a growing trend towards local and sustainable supply chains, which not only support regional economies but also contribute to reduced carbon footprint through shorter transportation routes.
Examining the key players within the industry, the market landscape features a host of prominent companies adeptly responding to these trends with innovative solutions aimed at maintaining soil health and aligning with consumer preferences for sustainable products.
Challenges and Drivers Affecting the Market
Despite its promising growth, the organic feed market contends with challenges such as the limited availability of organic ingredients and higher production costs. However, the market is buoyed by regulatory support and a growing emphasis on animal welfare and sustainable farming practices.
In summary, the global organic feed market stands on the cusp of a significant growth phase, spurred by consumer health consciousness, regulatory frameworks supporting organic practices, and technological advancements in farming techniques.
Explore the Dynamics Influencing the Organic Feed Market Outlook
Recent market analysis offers valuable insights into the drivers, trends, and challenges shaping the future of the global organic feed industry. To learn more, industry stakeholders are encouraged to delve into the comprehensive data and analysis available on the subject.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 190 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $7.3 Billion |
| Forecasted Market Value (USD) by 2028 | $11.4 Billion |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
Company Coverage:
- Cargill
- Perdue Farms
- Country Heritage Feeds
- Aller Aqua Group
- Feedex Companies
- Modesto Milling
- The Organic Feed Company
- Green Mountain Feeds
- Purina Animal Nutrition
- Kreamer Feed
Report Scope:
In this report, the Global Organic Feed Market has been segmented into the following categories:
Organic Feed Market, By Type:
- Cereals and Grains
- Oilseeds
- Forages
- Fishmeal
- Others
Organic Feed Market, By Form:
- Pellets
- Crumbs
- Mashes
- Others
Organic Feed Market, By Distribution Channel:
- Direct
- Indirect
Organic Feed Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Turkey
- Egypt
For more information about this report visit https://www.researchandmarkets.com/r/42v0xw
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