Organic Feed Market Size Overview:
Global Organic Feed Market Size is projected to be valued at USD 12.6 Billion by 2026 at a CAGR of seven .2% between 2020 and 2026. Consumers are highly demanding organic milk, meat, poultry, eggs, and leather products, which require organic livestock production. Thus, the demand for organic feed is increasing with the expansion of organic farming. A system of livestock production that promotes the utilization of organic and biodegradable inputs from the ecosystem in terms of animal nutrition and health is understood as organic farming.
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The recent COVID-19 impact has been analyzed as well to understand what would hinder the growth rate. Among factors, the global market can benefit from the rising preference for organic products, growing preference for a better quality of food, surging health awareness, hike in disposable incomes, and others can guarantee growth.
Competitive Landscape:
Cargill, Incorporated (US), Evonik Industries AG (Germany), Archer Daniels Midland Company (US), Bluestar Adisseo (France), Chr. Hansen Holding A/S (Denmark), DSM (Netherlands), Nutreco (Netherlands), BASF SE (Germany), Invivo NSA (France), and Kemin (US) are making significant changes to ensure the market stays on the growth track in the coming years. These companies develop strategic moves to boost their market presence. Mergers, acquisitions, branding, the launching of innovative products, hike in funds for the research and development projects, collaborations, and others are reliable methods these players often use to move forward. MRFR enlisted its recent strategic changes to understand trends and market proceedings.
Regional Analysis:
North America is the flag-bearer for the market, and it is expected to lead the market due to its standard measures for quality and better market demand for products. Asia Pacific is slated to be the fastest-growing market during the forecast period as several developing countries are tilting towards this market.
Segmentation:
The global market for Organic Feed Market Size has been analyzed by MRFR experts based on type, livestock, and form. These segments have inputs regarding factors, and they are backed by numbers and figures to make the claims more reliable.
By type, the global report on the Organic Feed Market Size has been segmented because of vitamins, minerals, amino acids, antioxidants, acidifiers, flavors & sweeteners, pre & probiotics, and others.
By livestock, the global study on the Organic Feed Market Size includes aquaculture, swine, poultry, ruminants, and others. The aquaculture and poultry segment are making substantial progress due to their huge demand in the food industry.
By form, the global report containing details of the Organic Feed Market Size has been segmented into dry and liquid. The dry segment is getting traction for its convenience in transportation and use.
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