The global organic feed additive market was valued at USD 8.59 billion in 2023 and is anticipated to reach USD 9.14 billion in 2024 from USD 15.01 billion by 2032, growing at a CAGR of 6.4% from 2024 to 2032.
Feed additives are used to boost the quality of animal nutrition as well as properties of animal fodder to palatability preservation, improve gut health, and others. Organic feed additives are natural additives, which assist as a better alternative to feed additives since they offer extra nutrients such as vitamins, minerals, and others.
In cases if an animal does not have some particular nutrition in its diet it might not grow properly. The nutritional values of animal feeds are influenced not just by their nutrient content, but also by other factors as well. These include hygiene, digestibility, feed presentation, and effect on intestinal health. Even with all of the benefits of higher quality feed, most of a farm animal's diet still is composed of wheat, maize and soybean meal due to higher costs of quality feed.
The key driving factor of the organic feed additive market is increasing meat consumption. With the rising consumer awareness and their growing interest in healthy lifestyles, the demand for organic feed additives has been increasing in recent times. In addition to the changing lifestyle, rise in meat consumption, growing demand for natural feed additives, quality feed, the industrialization of livestock, and the risk of having diseases in livestock are expected to propel the organic feed additives market. The organic feed additives market is expected to propel owing to rising awareness regarding available health benefits to farm animals from organic feed additives. Growing awareness about organic feed additives has raised the demand for quality, which is increasing the market share of organic feed additives.
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2023 to 2032 |
|
Base Year |
2023 |
|
Forecast Period |
2024 to 2032 |
|
CAGR |
6.4% |
|
Segments Covered |
By Nutrients, Product Type, Livestock Type, Form and Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
Archer Daniels Midland Company (U.S.), Evonik Industries AG (Germany), Cargill, Incorporated (U.S.), Chr. Hansen Holding A/S (Denmark), Adisseo (France), BASF SE (Germany), Invivo NSA (France) and Others. |
On the basis of certifications, this market is categorised into 100% organic and 95% organic. Poultry segment has the largest share in the organic feed additives market.
Asia Pacific has the leading market for Organic Feed Additive in the world, which is followed by North America and Europe regions. Asia Pacific region is expected to have the fastest growth rate during the forecast period, owing to changing preferences for natural, dietary, and healthy meat products in the region.
Archer Daniels Midland Company (U.S.), Evonik Industries AG (Germany), Cargill, Incorporated (U.S.), Chr. Hansen Holding A/S (Denmark), Adisseo (France), BASF SE (Germany), Invivo NSA (France). Some of the market players dominate the global oragnic feed additives market.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region