April 24, 2024
Organic Feed

Organic Feed Market To Be Valued At US$ 7.39 Bn Owing To Growing Demand For Natural And High-Quality Animal Feed

The organic feed market has gained significant momentum in the recent years on account of the increasing awareness about the dangers of consuming products derived from animals fed with chemical-based and synthetic feeds. Organic feed refers to animal feed products that are produced without the use of synthetic chemicals, pesticides, fertilizers, genetically modified organisms, or irradiation. The key constituents of organic feed include grains and plant-based proteins, supplements from natural sources, and forages. Organic feed helps improve animal health while delivering high-quality and nutritious animal products.

The Global Organic Feed Market Size 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. The key players are focusing on offering innovative organic feed products to boost productivity and gain a competitive advantage over others.

The rising demand for organic and natural food products from health-conscious consumers has opened lucrative growth opportunities for players in the organic feed market. The market players can leverage the opportunities by expanding their product portfolios and distribution networks across developing regions.

The growing international trade of organic products is fueling the global expansion of the organic feed market. Moreover, the implementation of stringent regulations regarding the use of synthetic chemicals in animal feed across various countries is propelling the demand for organic alternatives. Market

Market Drivers

The high demand for chemical-residue free meat and dairy products from health-conscious consumers is a key driver boosting the organic feed market. The increasing awareness about the ill-effects of chemically grown feed on animal and human health has created the demand for natural and sustainable feed options. Furthermore, the ability of organic feed to enhance nutrient uptake, digestive health, and immunity of animals is escalating its adoption among farmers.

The increasing organic farmland and pastures is expanding the availability of organic feed ingredients like cereals, oilseeds, legumes, and forages. The favorable government support in the form of subsidies for organic farming is also propelling the organic feed market growth. The rising meat consumption globally is augmenting the demand for organic feed to meet the protein requirements in a sustainable way.

Pest Analysis

Political: Organic feed market is regulated by various laws and regulations pertaining to organic certification and standards. Changes in these policies can impact the market growth.
Economic: Rising disposable incomes and increasing demand for organic and natural foods are driving the demand for organic feed. However, higher prices of organic feed as compared to conventional feed can restrain the market.
Social: Growing health consciousness among customers and awareness regarding organic or natural products benefits is increasing the acceptance of organic feed products. Customers prefer organic animal products considering animal welfare and health benefits.
Technological: Adoption of new technologies like blockchain for supply chain traceability and innovations to improve nutrient density and digestibility of organic feed is increasing. Researchers are also working on new feed formulations tailored for organic livestock production systems.

North America currently accounts for the largest share of the global organic feed market in terms of value. Easy availability of raw materials, growing organic livestock farming, and advanced organic certification systems are major factors supporting the North American market. Europe is the second largest regional market driven by stringent regulations on livestock farming practices and increasing dominance of organic produce in the overall agriculture sector of countries like Germany.

The Asia Pacific region is anticipated to witness the fastest CAGR over the forecast period. This is attributed to rising organic agriculture, growing middle-class population, and rapid urbanization in emerging economies of China and India. Government initiatives to promote organic farming will further boost the demand for organic feed in Asia Pacific. Other emerging regions including Latin America and the Middle East & Africa are also showing rising acceptance of organic animal products.

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 Market’s growth between 2024 and 2031.

:- Accurate calculation of the size of the Organic Feed Market and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behavior

:- Organic Feed Market 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 Market vendors

FAQ’s

Q.1 What are the main factors influencing the Organic Feed market?
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 Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Organic Feed market’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: CoherentMI, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it