by Market Overview:
Organic feed refers to feed products that are produced without the use of synthetic chemical or fertilizers. It is grown from soil that has been free from synthetic chemicals for at least three years. Organic feed is rich in nutrients and provides substantial health benefits to animals. It enhances animal welfare by avoiding the use of antibiotics and hormones. The market is gaining tremendous traction in the livestock industry owing to growing awareness about animal welfare and health. Organic feed minimizes the risk of antibiotic resistance in animals and contamination of meat with harmful chemicals residues. It produces safer meat, milk and eggs that appeal to health-conscious consumers.
The global Organic Feed Market is estimated to be valued at US$ 7.39 Bn in 2023 and is expected to exhibit a CAGR of 8.7% over the forecast period 2023-2030, as highlighted in a new report published by CoherentMI.
Market Key Trends:
One of the key trends in the organic feed market is the rising demand for pasture-raised livestock. Consumers are increasingly preferring meat and dairy products from animals that are raised on open pastures and are given access to outdoor areas. Organic farmers rely on pasture-based systems for feeding their livestock instead of concentrated animal feeding operations. This reduces the risk of diseases and improves animal welfare. Another important trend is the growing popularity of organic and specialty egg varieties. Free-range and pasture-raised eggs from organically fed hens are gaining widespread acceptance due to their nutritional superiority. Furthermore, rising concerns about sustainability is driving the adoption of organic practices in the feed industry. Organic feed production helps conserve resources and reduces pollution. It supports regenerative agricultural systems for long-term environmental protection.
Porter’s Analysis:
Threat of new entrants: The threat of new entrants to the organic feed market is moderate as it requires heavy investments in farming, processing, procurement of raw materials and certification. However, global awareness about organic and natural feed is creating opportunities.
Bargaining power of buyers: Buyers have high bargaining power in the organic feed market as the market is fragmented with the presence of many global and regional players. Buyers can negotiate better prices due to availability of alternatives.
Bargaining power of suppliers: The bargaining power of suppliers is moderate. Key raw materials like organic corn, wheat and soy are affected by unpredictable production and availability. Suppliers can leverage costs due to supply uncertainty.
Threat of new substitutes: Threat from substitutes is moderate as organic poultry and meat producers have limited alternatives to organic feed. However, conventional feed is a threat due to lower prices.
Competitive rivalry: The organic feed market witnesses high competition due to presence of many global and regional players. Players compete on pricing, qualities, farming practices and certification.
Global Organic Feed Market Segmentation:
- By Source
- Cereal & Grains
- Oilseeds
- Forage
- Others (pulses, fruits etc.)
- By Application
- Poultry
- Swine
- Ruminant
- Aquatic Animals
- Others (Equine, Pets etc.)
- By Form
- Pellets
- Crumbles
- Mashes
- Others (cakes, bales etc.)
- By Additives
- Amino Acids
- Enzymes
- Vitamins
- Antibiotics
- Antioxidants
- Acidifiers
- Others (probiotics, prebiotics etc.)
Key Takeaways:
The global Organic Feed Market Size is expected to witness high growth, exhibiting CAGR of 8.7% over the forecast period, due to increasing awareness about benefits of organic and natural feed.
Regional analysis: North America dominates the organic feed market with the largest share, followed by Europe. Rising consumption of organic and natural products in the US and Germany is driving market growth. Asia Pacific exhibits fastest growth due to increasing meat consumption in China and India.
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. Players are investing in farming, processing and distribution to tap market potential.
*Note:
1.Source: CoherentMI, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
