Organic Feed Market is Anticipated to Witness High Growth Owing to Increasing Health Consciousness Among Livestock Farmers
The organic feed market includes a wide variety of organically produced feed ingredients that are used to feed livestock. Organic feed ingredients are produced using organic agricultural methods that do not involve the use of synthetic pesticides, herbicides, or chemical fertilizers. Some commonly used organic feed ingredients include organic corn, organic soybean meal, organic wheat, and organic minerals & vitamins. The rising demand for organic and chemical-residue free meat and dairy products from health-conscious consumers has driven livestock farmers to shift towards organic farming practices, which in turn is stimulating the demand for organic feed.
The global organic feed market is estimated to be valued at US$ 7.39 Bn in 2024 and is expected to exhibit a CAGR of 8.7% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the organic feed market are Cargill, Archer Daniels Midland, For Farmers N.V., SunOpta, Country Heritage Feeds, Aller Aqua A/S, B&W Feeds, Country Junction Feeds, Agro Feed Ltd., Unique Organics, Hi Peak Feeds, Yorktown Organics, LLC, Land O'Lakes, Inc., Alltech Inc., and Purina Animal Nutrition LLC. Cargill dominates the Organic Feed market with over 15% market share owing to its strong distribution network and wide portfolio of organic feed products.
The rapid growth of the organic meat and dairy industries has opened lucrative opportunities for organic feed producers to cater to the rising demand from organic livestock farmers. Emerging countries in Asia Pacific and South America are expected to offer attractive growth opportunities for organic feed manufacturers looking to expand their global footprint.
Key players are actively focusing on geographic and product portfolio expansion strategies to capitalize on opportunities in foreign markets. Manufacturers are also investing in research & development and product innovation to develop new organic feed formulations tailored to the nutritional requirements of different livestock species.
Market Drivers
- Growing health awareness among consumers regarding chemical-free and sustainable animal products is driving the adoption of organic farming methods by livestock farmers. This is boosting the demand for organic feed.- Rising disposable incomes and purchasing power in developing countries is increasing the sales of premium-priced organic meat and dairy products, thereby creating a strong business case for organic livestock farming and organic feed production.
Market Restrains
- Higher production and processing costs associated with organic feed production compared to conventional feeds is a major challenge for organic feed producers.- Requirement of certification and compliance with stringent organic farming standards increases regulatory burden and paperwork for stakeholders in the organic feed value chain. This adds to the overall cost of organic feed.
Segment Analysis
The organic feed market is dominanted by the poultry sub segment as consumers are increasingly preferring organic meat and eggs. The demand for healthy and nutritional meat and egg products free from antibiotics and hormone has increased significantly. This sub segment is expected to continue its dominance during the forecast period attributed to rising health consciousness. The ruminants sub segment is also gaining traction owing to growing demand for organic and pasture raised dairy products. The swine sub segment is expected to witness steady growth over the next few years.
Global Analysis
Regionally, North America accounts for the largest share in the organic feed market currently. Increased awareness regarding animal welfare and health benefits of organic and pasture raised meat and dairy products have boosted the market in the region. Asia Pacific is projected to be the fastest growing market during the forecast period. Population growth, rising disposable incomes, and changing dietary patterns are major factors that are expected to drive the demand for organic feed in the Asia Pacific region. China dominates the organic feed market in Asia Pacific. Europe has also emerged as one of the major markets for organic feed due to stringent regulations pertaining to use of antibiotics and growth promoters in livestock farming.
What Are The Key Data Covered In This Organic Feed Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Organic Feed's growth between 2024 and 2031.
:- Accurate calculation of the size of the Organic Feed and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Organic Feed Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market's competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Organic Feed vendors
FAQ’s
Q.1 What are the main factors influencing the Organic Feed?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Organic Feed companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Organic Feed’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
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