Global Organic Feed Market projected to grow from $7.8 billion in 2023 to $16.4 billion by 2033
From GlobeNewswire: 2024-06-21 15:00:00
The Global Organic Feed Market is projected to increase from USD 7.8 billion in 2023 to USD 16.4 billion by 2033, with a CAGR of 7.71%. Livestock like pigs, chickens, goats, and cattle consume organic feed, containing certified organic ingredients, such as wheat, barley, soybeans, and corn. Owners of livestock producing organic milk and meat show strong interest in purchasing organic feed in various forms. The market is driven by the demand for organic goods and the benefits of organic feed on animal growth and health, with the cereal & grains segment expected to dominate the market.
Asia Pacific is expected to hold the largest share of the global organic feed market, with a rise in organic agricultural practices and increased awareness among livestock farmers. North America is forecasted to grow at the fastest pace due to consumer health concerns, the presence of important stakeholders, and rising per capita meat consumption. Important vendors in the Global Organic Feed Market include Cargill, BernAqua, Country Heritage Feeds, and others.
Cargill introduced essential oil-based chicken feed in October 2021 to boost flock health and productivity. The market segments for the Global Organic Feed Market include types of point-of-care testing devices and end-users like physician offices and clinics. The market is segmented by region, including Europe, Asia Pacific, South America, and the Middle East & Africa. Browse related reports on the global foliar spray market, turf protection market, beneficial insect market, and industrial hemp market.
Read more at GlobeNewswire: Global Organic Feed Market Size To Worth USD 16.4 Billion