April 17, 2024
Organic Feed Market

Organic Feed Market Unlocking The Potential Of Organic Livestock Production

Introduction to the Market:

The organic feed industry provides nourishment for organic livestock operations aligned with growing consumer interest in sustainably and ethically produced food. Certified organic feed contains no synthetic chemicals, antibiotics or GMOs and relies on natural sources of nutrients instead. With strict organic standards for animal agriculture, the availability of organic feed is necessary for organic meat, egg and dairy production to thrive.

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 of 2024 to 2031. according to recent reports by CoherentMI.

Size and scope of the market:

The global organic feed market size is projected to reach a value of US$ 7.39 Billion by 2024. Key regions driving this rapid growth include North America, Europe, and Asia Pacific as more producers adopt organic practices. The market is expected to expand at a compound annual growth rate of 8.7% until 2031, reflecting increasing demand for organic livestock products.

Competitive Landscape:

Key players in the global organic feed market include Cargill, Archer Daniels Midland, ForFarmers N.V., SunOpta, Country Heritage Feeds, and Feedex Companies. These major feed producers provide a variety of organic feed types tailored to the nutrient needs of different livestock species. Smaller regional players also contribute innovative organic formulations and locally-sourced ingredients to the industry.

Market Trends:

Two emerging trends in the organic feed space are 1) the integration of nutrient-dense ingredients like insects and seaweeds which provide sustainable sources of protein, minerals and amino acids and 2) advancements in organic feed additives that support digestive health and maximize nutrient uptake without the use of antibiotics or drugs. A third trend is the customization of organic rations specific to production stages like breeding, growing or lactation. As the organic sector expands, innovative new feed products will enable high performance across organic livestock operations.

Market Drivers:

Increasing Demand for Organic Meat and Dairy Products: With the rising health awareness among consumers regarding chemical-free food items, the demand for organic meat and dairy products have significantly increased in the past few years. Along with human health benefits, organic animal products are believed to be better for the environment as well. Growing demand for organic meat and dairy will directly propel the demand for organic feed in the market.

Stringent Government Regulations on Antibiotic Usage: Many governments across the globe have imposed strict regulations on the use of antibiotics as growth promoters in conventional animal feed. This is due to growing concerns over antibiotic resistance leading to serious public health issues. The ban on antibiotic growth promoters is creating opportunities for organic feed producers to fill this demand supply gap.

Market Opportunities:

Growth in Organic Livestock Farming: With increasing commercialization of organic livestock farming, especially in North America and Europe, there lies a huge opportunity for organic feed manufacturers. Organic feed producers can tap into this market by assisting organic farmers through technical expertise and ensuring sufficient supply of high-quality organic feed. This will help in the overall expansion of the organic farming industry.

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:

Growing Demand: The global demand for organic feed is projected to grow substantially during the forecast period. Factors such as rising health awareness, stringent regulations, and commercialization of organic livestock farming will drive the consumption of organic feed globally. The market size is estimated to grow from US$ 7.39 Billion in 2024 to US$ 14.1 Billion by 2031, registering a CAGR of 8.7%.

Global Expansion: Leading organic feed producers are expanding their global footprint by entering emerging markets through strategic partnerships and acquisitions. Countries with high organic agricultural potential such as Brazil, India, China offer lucrative opportunities. Production facilities are being set up in proximity to major organic livestock breeding regions.

Technological Advancements: Players are investing heavily in R&D to develop advanced organic feed formulas standardized for different livestock and production stages. Digital technologies such as IoT and blockchain are being leveraged to bring more transparency in organic certification and supply chain. Automation is helping to improve production efficiency and ensure consistent quality of organic feed products.

*Note:
1.Source: CoherentMI, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it