Organic Feed Additives Market Overview:
The global organic feed additives market is expected to grow at a strong 5.6% CAGR over the forecast period from 2022 to 2030, according to the latest research report from Market Research Future (MRFR). The report presents a detailed analysis of the global organic feed additives market by providing readers with a comprehensive overview of the market’s historical trajectory. The leading drivers and restraints affecting the global organic feed additives market are assessed in detail in the report.
The historical impact of these drivers and restraints is analyzed in context of the current impact of these factors and projections are made for the likely impact of these drivers and restraints over the forecast period. Various components of the global Organic Feed Additives Market are also studied in the report and projections are made for the growth trajectory of each distinct component. The various segments and sub-segments within the global organic feed additives market are studied in detail in the report. The study also makes a detailed analysis of the major players operating in the global organic feed additives market and provides a detailed look at the various competitive strategies employed by players in the global organic feed additives market. Likely future conditions with respect to the competitive landscape of the market are also explained in detail in the report.
The growing awareness about organic farming and the growing demand from various end-use channels for organically grown produce has driven the demand for organic feed additives. The growing environmental concerns about conventional farming have driven the demand for organic agriculture. This has also boiled over into the growing demand for organic feed additives, which are likely to exhibit a steady rise in demand over the forecast period. Using organic feed additives also gives the meat a USP as it can be sold under organic classification. This makes it more lucrative to consumers, making the addition of organic feed additives important.
On the other hand, the high costs of organic feed additives and fluctuating raw material prices are likely to be the major restraint against the global organic feed additives market over the forecast period.
According to the MRFR report, the global Organic Feed Additives Market is expected to grow at a 5.6% CAGR and reach USD 46.9 billion by 2030.
Segmentation:
The global organic feed additives market has been segmented based on type, livestock, form, and region.
Based on type, the global organic feed additives market has been classified as amino acids, vitamins, minerals, acidifiers, antioxidants, pre & probiotics, flavors & sweeteners, and others.
Based on livestock, the global organic feed additives market has been segmented into ruminants, swine, poultry, aquaculture, and others.
Based on form, the global organic feed additives market has been divided into dry and liquid.
Regional Analysis:
North America is expected to dominate the global organic feed additives market over the forecast period, followed by Europe. The growing demand for organic meats in North America has been the primary catalyst for the growth of the organic feed additives market in the region. North America has been at the forefront of the whole organic movement, with organic agriculture gaining popularity widely across North America, particularly in developed economies such as the U.S. and Canada. The U.S. FDA has also given strong support to the development of solutions that make the inclusion of organic ingredients into food and feed easier and less complicated. This is likely to remain a key driver for the organic feed additives market in North America over the forecast period.
Asia Pacific is expected to remain an important regional market for the global organic feed additives market over the forecast period due to the growing animal feed industry in this region. Increasing the awareness about organic feed additives among livestock producers is likely to be a major target for players operating in the Asia Pacific organic feed additives market over the forecast period.
Competitive Analysis:
The global Key Organic Feed Additives Market Players include Kemin, Nutreco, DSM, Invivo NSA, BASF SE, Bluestar Adisseo, Chr. Hansen Holding A/S, Cargill Inc., Archer Daniels Midland Company, and Evonik Industries AG.
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