April 12, 2024
Organic Feed

The Global Organic Feed Market Trends In High Demand By Growing Health Awareness

The organic feed market comprises feed products that are produced without the use of synthetic chemicals and genetic engineering. Organic feed products are obtained from animal and plant substances produced through organic agriculture. They offer various advantages like enhanced nutritional value and immunity to livestock. The increasing demand for chemical-residue free meat and dairy has propelled the production of organic feed across the world.

The Global Organic Feed Market Size Is Estimated To Be Valued At US$ 7.39 Billion 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.

Growing Demand In The Market

The growing health consciousness among consumers and rising demand for chemical-residue free dairy and meat products have propelled the demand for organic feed globally. Organic livestock require organic feed to meet the standards for organic meat and milk production. Various health benefits of organic feed like improved nutrient absorption and disease resistance in animals are also driving the adoption of organic feed.

Global Expansion Of The Market

Major organic feed producing regions include Europe, North America, and Asia Pacific. The European region dominates the global organic feed market due to stringent regulations on synthetic chemicals and animal welfare. However, the Asia Pacific region is expected to exhibit the fastest growth during the forecast period owing to the increasing livestock farming, rapidly growing population, and rising disposable incomes in the region. Countries like India and China are expected to offer numerous opportunities for organic feed manufacturers globally.

Market Key Trends

One of the key trends gaining traction in the organic feed market is the increasing use of plant-based proteins. Concerns around animal welfare and environmental sustainability have led to a rising preference for plant-based ingredients in organic feed formulations. Key plant-based protein sources used in organic feed include soybean, sunflower, canola, and others. The plant-based ingredients offer comparable nutritional value to conventional animal-based proteins and help organic feed manufacturers adhere to non-GMO and vegetarian claims. This trend is expected to continue and drive innovations in the organic feed market during the forecast period.

Porter’s Analysis

Threat Of New Entrants: The organic feed market has high capital requirements for R&D, manufacturing facilities, and distribution channels limiting new players.

Bargaining Power Of Buyers: Buyers have high bargaining power given the availability of alternative conventional feed options.

Bargaining Power Of Suppliers: Suppliers of organic raw materials have moderate bargaining power due to their specialized production processes and certification requirements.

Threat Of New Substitutes: Alternatives like conventional feed and natural/pasture-raised livestock present a minor threat given preference for certified organic produce and livestock.

Competitive Rivalry: Competition is fierce among established players differentiating through private label offerings, acquisitions, and expanding global footprint.

Geographical Regions Concentration: North America accounts for the largest share primarily due to the U.S being the leading producer and consumer of organic food and feed.

Fastest Growing Region: Asia Pacific is expected to grow at the fastest pace due to rising health concerns, income levels, and government support for organic farming in countries like China and India.

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