The organic feed market has witnessed significant growth over the past few years owing to the rising demand for organic and natural products. Organic feed is produced from non-GMO ingredients and contains no synthetic chemicals, antibiotics, or growth hormones. It ensures the overall well-being and health of livestock as well as offers high-quality meat, milk, and eggs for human consumption.
The growing health consciousness among livestock owners regarding the quality and safety of animal products has fueled the demand for Organic Feed and feed ingredients in the market.
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. These players are focusing on new product launches and mergers & acquisitions to strengthen their global distribution networks and product portfolios.
The growing demand for organic dairy, meat, and poultry products from health-conscious consumers is also fueling the demand for organic feed across the globe. According to recent studies, organic livestock products contain higher levels of antioxidants and omega-3 fatty acids as compared to conventionally raised products.
Technological advancements in organic feed processing such as extraction of phytonutrients, trace minerals, and other nutrients from plant-based ingredients help enhance the nutritional value and palatability of organic feed. This drives higher adoption of organic feed among livestock farmers.
Market Trends
The rising popularity of pasture-raised and free-range livestock farming methods has created opportunities for organic feed manufacturers. Many farmers are now adopting sustainable and natural practices to produce high-quality animal products. Another key trend is the growing consumption of nutritional feed supplements and mycotoxin binders along with organic feed to improve animal health.
Market Opportunities
The increasing demand from developing markets of Asia Pacific and Latin America due to growing disposable incomes and rising health awareness represents a key opportunity. Moreover, the launch of innovative organic feed products focused on animal digestion, gut health and stress reduction also poses significant growth potential over the forecast period.
Impact of COVID-19 on Organic Feed Market Growth
The COVID-19 pandemic has impacted the growth of organic feed market. During the initial lockdown phase, the supply chain disruptions resulted in limited availability of raw materials for organic feed production. This led to a decline in production volumes across major markets. The reduced demand from dairy farmers, poultry producers and livestock farmers also restricted the market growth. With restrictions easing in 2021, the market is gradually recovering backed by rising consumer health consciousness.
However, new supply chain challenges and increased input costs continue affecting the industry. Producers are facing higher costs of grains, vegetables and other ingredients due to inflationary pressures. This has compelled manufacturers to hike organic feed prices, impacting consumption in the short-term. The long-term outlook remains optimistic, supported by the popularity of organic meat and dairy. The pandemic has further reinforced the importance of immunity boosting and animal welfare products. Producers are investing in R&D to develop innovations addressing emerging consumer needs and overcoming post-pandemic challenges.
Geographical Regions with High Organic Feed Market Concentration
Europe accounts for the largest share of the global organic feed market in terms of value. Countries such as Germany, France, UK, Italy and Spain have robust infrastructure to produce organic feed ingredients as well as a strong demand base for organic meat and dairy. Government support through subsidies and certification programs has encouraged extensive adoption of organic farming practices across Europe. The region is home to leading players adopting advanced technologies for efficient production. North America is another major organic feed market concentrated in the U.S. supported by the growing organic livestock industry.
Fastest Growing Regional Market for Organic Feed
The Asia Pacific market for organic feed is anticipated to grow at the fastest rate during the forecast period. Nations like China, India, Japan, Australia and New Zealand are displaying increased interest towards organic production owing to rising health-conscious middle-class population. Dairy producers in these countries are actively replacing conventional feed with organic variants to meet the export demand for high-quality organic milk. The improving regulatory framework aimed at encouraging sustainable agricultural practices will continue supporting the market growth across Asia Pacific.
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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About Author:
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)
