The Asia Pacific Organic Feed market is expected to have a CAGR of 4.2% during the forecast period of 2022 - 2027 owing to the rising demand for organic food and growing livestock farming.
As we all are aware that due to the coronavirus pandemic, all the companies are suffering from the production and demand, supply chain and market disruption, and also financial losses. Almost all the companies around the world have halted their manufacturing units due to the strict lockdown regulations imposed by the government authorities especially in the Asia Pacific region where the virus was first recognized in China and this region is also recorded the most number of cases than any other regions. Most of the companies have closed and due to the financial crisis since March 2020, they have terminated employees as they are not in a position to pay the salaries. Recently, the government authorities gave permissions to the companies to restart their manufacturing units with strict rules and regulations which in turn started the supply chain of their products and helping them to recover their financial crisis.
In the Asia Pacific Organic Feed market, the companies related to the market were expecting that the business will gain some profits in the upcoming two to three years with increasing demand for organic food in the vicinity.
Drivers and Restraints of Asia Pacific Organic Feed Market:
Driving Factors:-
Increasing demand for dairy products, the growing trend of organic food consumption, and rising inclination towards animal-based food are some of the driving factors that help the growth of the market of Organic Feed in the Asia Pacific region.
Also, increasing demand for organic feed across the area and the surge in the acquisitions by major players of small feed mills in some of the emerging economies such as China, India, and Japan are some of the other driving factors of Asia Pacific Organic Feed market which helps the revenue rate to increase further.
Challenges:-
Factors such as the high production cost of organic feed and growing awareness about the safe food products in the middle-class population are some of the major restraints affecting the growth of the market of organic feed products in the Asia Pacific region.
Asia Pacific Organic Feed Market - By Type:
cereals & grains
Asia Pacific Organic Feed Market - By Additives:
Asia Pacific Organic Feed Market - By Livestock:
Asia Pacific Organic Feed Market - By Form:
Regional Analysis:-
Asia Pacific region is having a major share of the Organic Feed market due to the increase in demand for animal feed, whereas animal farming includes swine, birds, poultry, cattle for milk, meat, and eggs. Also, there has been an increase in the organic farm area in various countries in the region with the rising number of organic feed producers that propels the growth of the revenue rate in this locale. The Asia Pacific region is also foreseen to record an increase in the revenue rate during the outlook period.
Key players:-
Some of the key players of the Organic Feed market are Feedex Companies (US), Country Junction feed (US), Green Mountian Feeds (US), Unique Organic (US), ForFarmers (Netherlands), SunOpta (Canada), Purina Animal Nutrition LLC (US), Yorktown Organics, LLC (US), Kreamer Feed (US), Cargill (US), BernAqua (Belgium), Country Heritage Feeds (Australia), Ranch-Way Feeds (US), Aller Aqua (Denmark), Scratch and Peck Feeds (US), Cargill (US), K-Much Feed Industry Co., Ltd (Thailand), The Organic Feed Company (UK), B&W Feeds (UK) and Hi Peak Feeds (UK).
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1400
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