by The organic feed market has been gaining significant traction over the past few years owing to the increasing demand for organic and natural animal feed products. Organic feed such as organic corn, soybean, wheat and others offer higher nutritional content and are free from harmful chemicals and antibiotics.
The growing health consciousness among consumers has encouraged farmers and livestock producers to use Organic Feed to produce organic dairy, meat and eggs. Organic feed ensure the overall wellbeing of animals while also meeting stringent organic standards.
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. Key players are focusing on capacity expansion and new product launches to better serve the growing demand for organic feed products.
The organic feed market offers significant opportunities for players in the coming years owing to the favorable regulations supporting organic farming and growing preference for organic food. Factors such as stringent restrictions on the use of antibiotics and GMOs in animal farming are encouraging livestock owners worldwide to adopt organic feed practices.
The global organic feed market is poised to witness strong growth especially in North America and Europe owing to robust government support and certification mechanisms for organic agriculture. Rising demand from Asia and Latin America is encouraging feed manufacturers to expand their footprint in developing markets through partnerships with local players.
Market Drivers
The demand for organic feed is expected to grow swiftly owing to the increasing consumption of organic and natural meat, dairy and eggs. Growing health-conscious population preferring chemical-free food along with stringent regulations regarding antibiotic use in conventional animal feed are major market drivers. Furthermore, rising organic farmland and steady growth of organic livestock sector worldwide will continue to drive significant sales of organic corn, soy and other feed ingredients in the coming years.
PEST Analysis
Political: Regulations regarding organic farming and animal husbandry are promoting the use of organic feed. Subsidies and tax credits for organic producers further support market growth.
Economic: Rising disposable incomes and health awareness is driving demand for organic and natural products. Higher costs of organic feed is offset by premium prices received for organic meat and dairy.
Social: Growing consumer preference for chemical-free, natural and healthy food products. Increased spending on pet food owing to humanization of pets.
Technological: Adoption of precision farming techniques and remote monitoring tools to efficiently manage organic livestock. Developments in feed formulations to meet nutritional requirements without GMO and synthetic ingredients.
Geographical Regions of Concentration
North America and Western Europe account for over 60% of the global organic feed market value due to stringent regulations and high consumer demand for organic products in countries like the US, Germany, France and UK. The organic sector is well established in these regions with organized supply chains and certified producers.
Fastest Growing Region
Asia Pacific is emerging as the fastest growing regional market for organic feed. Factors such as growing middle class, rising affluence, positive government initiatives and an influx of international organic brands are boosting sales across countries like India, China, Japan and Australia. Expanding dairy and poultry industries are majorly fueling the demand for organic alternatives in animal feed formulations.
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?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Ravina Pandya
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. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile
