Increasing demand for nutritious food propels growth of Global Organic Feed Market
Market Overview:
The Global Organic Feed Market was at 6.8 billion US dollars in 2020 and is predicted to reach a valuation of 10.1 billion US dollars by 2025 at a CAGR of 6.8% during the conjecture period.
Generally, organic feed is a type of animal food that is obtained through methods that obey the standards of organic cultivation.
Market Drivers and Restrains:
Increasing instances of contamination in animal products due to pesticides and insecticides, and the rising demand for organic food and growing livestock farming are some of the driving factors of the global Organic Feeds market. Increasing health concerns of livestock among consumers is also helping the market to grow further. Increasing investments for research and development is also one of the of the major growth factors of Organic Feeds market.
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Report is segmented as:
The global Organic Feed market is segmented based on the type, livestock, farm, additives. By type, the Organic Feed market is majorly divided as oilseeds, pulses and meals, cereals & grains. By livestock, the market is divided into poultry, ruminants, swine, aquatic animals, equine and pets. By farm, the market for organic feed is separated into pellets, crumbles and mash. By additives, the organic feed market is divided into amino acids, minerals, vitamins, enzymes, and phytogenic.
Geographical Segmentation:
The global Organic Feed market was dominated by North America owing to the increasing demand for organic food products in the area. North America region is also anticipated to hold the dominance of the market over the outlook period. The Asia Pacific holds the second largest share of the market due to the increasing investments for the development of new technologies in this field.
Impact of COVID 19 on Organic Feed Market
The coronavirus pandemic has affected the global Organic Feed market by forcing the companies to halt manufacturing and production operations, which in turn resulted huge losses for them. As per the analysis, the Organic Feed market is foreseen to record an increase in the market revenue owing to the rising need in all the regions of world.
Key market players:
Major players of Organic Feed market include Scratch and Peck Feeds (US), Cargill (US), Cargill (US), BernAqua (Belgium), SunOpta (Canada), Ranch-Way Feeds (US), Aller Aqua (Denmark), Purina Animal Nutrition LLC (US), Country Heritage Feeds (Australia), ForFarmers (Netherlands), K-Much Feed Industry Co., Ltd (Thailand), Green Mountian Feeds (US), Unique Organic (US), Kreamer Feed (US), Yorktown Organics, LLC (US), The Organic Feed Company (UK), B&W Feeds (UK), Feedex Companies (US), Country Junction feed (US) and Hi Peak Feeds (UK)
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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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