New York City, NY, 08 January, 2020/ 24 Market Reports: It is estimated for the global organic feed market to grow from USD 6.6 billion in 2019 and reach USD 10.4 billion by 2025 witnessing the growth at a CAGR of 6.9% during the forecast period of 2019 to 2025. The increasing instances of animal product contamination due to pesticides and insecticides, rising demand for organic food products, growing organic livestock farming, and adaption of organic farming practices by farmers due to the increasing health concerns among consumers are the factors that are driving the growth of the market during the forecast period. The countries in the Asia Pacific and South America are estimated to produce lucrative opportunities for the market.
The cereals & grains segment to hold the highest share in the market during the forecast period
In the organic feed market, based on type, the cereals & grains segment is estimated to hold the highest share in the market during the forecast period. Wheat, corn and barley are the categories of the cereals & grains segment. The increasing awareness about the benefits of feeding organic cereals and grains to livestock, to maintain their nutrient requirements and enhance their growth and fulfil the rising demand for organic food is driving the growth of the segment in the Asia Pacific region during the forecast period. Due to the increasing organic farmland practices in most of the countries in the Asia Pacific and European regions the availability of cereals and grain crops is increasing and this factor is also estimated to drive the growth of the segment during the forecast period.
The poultry segment to witness the growth at the fastest rate throughout the forecast period
During the forecast period, in the organic feed market, the poultry segment, based on livestock is estimated to account for the largest share in the market. The poultry industry is the largest and also the fastest-growing sector that witnesses high organic production. Poultry meat does not have any religious constraints and hence is consumed all across the world, unlike beef and swine. The increasing concerns about animal health and the rising awareness about the benefits of organic feed feedstuffs are the factors that are driving the growth of the market during the forecast period. The meat producers are focusing on investing in organic rearing of livestock to produce meat, dairy, and other by-products from animals due to the increase in organic poultry production and the rise in demand for organic meat.
Asia Pacific region to dominate the global organic feed market during the forecast period
North America, Europe, Latin America, APAC, and Middle East & Africa are the segmentation for the market based on geography. The Asia Pacific region is estimated to lead the global market throughout the forecast period. The region also happens to be the largest producer and consumer of organic feed. The countries like the U.S. and Canada in the North American market are estimated to witness significant growth in the market during the forecast period.
The following are the major objectives of the study:
- To define, describe, and forecast the global organic feed market on the basis of product, application and region.
- To provide detailed information regarding major factors influencing growth of the market (drivers, restraints, and opportunities).
- To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market.
- To analyze the opportunities in the market for key stakeholders and provide details of the competitive landscape for leading market players.
- To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
- To strategically profile the key market players and comprehensively analyze their market shares and core competencies.
- To track and analyze competitive developments such as acquisitions, expansions, new product launches, agreements, and collaborations in the global organic feed market.
Critical Questions which the report answers:
- What are the major vendor/manufacturers in the market? What is their growth potential during next decade?
- What are the key revenue generating pockets for global organic feed market and their future potential during next decade?
- How competitive landscape is evolving in global organic feed market?
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