Organic Feed Market
Global Market Study on Organic Feed: Rapidly Increasing Demand being Witnessed for Nutrition-rich Organic Feed
Organic Feed Market Segmented By Pellets, Crumbles Form in Corn, Soybean, Wheat, Barley Type in Poultry, Ruminants, Swine, Aquaculture
Agriculture and ranching are increasingly shifting to bio-based, natural, and more efficient approaches, to offer the best level of animal wound care and boost their performance. Owing to this, the pace of innovation in food and nutrition is much higher than ever before.
There is increasing demand for nutrition-rich feed products that can meet animal nutritional requirements at each life stage. Thus, the demand for nutrition-rich organic feed is increasing across the globe, thereby boosting the growth of the organic feed market.
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- Aller Aqua Group
- BW Feeds
- Country Junction Feeds
- Hi Peak Feeds
- K-Much Feed Industry Co. Ltd.
- Modesto Milling
- Ranch-Way Feeds
- The Organic Feed Company
- Yorktown Organics, LLC
- Aus Organic Feeds
- Country Heritage Feeds
- Feedex Companies
- Green Mountain Feeds
Organic Feed Market - Increasing Awareness about Antibiotic-free Solutions
Excessive use of antibiotics in animal feed can cause adverse health effects in animals. As a result, the demand for antibiotic-free meat or organic meat is increasing rapidly all across the world. Several governments and regulatory bodies of feed products have banned or set a limit on the use of antibiotics in animal feed products.
Increasing demand for antibiotic-free meat products is deterring animal farmers from the use of antibiotics on their animals. This factor is propelling the growth of the global organic feed market.
- WHO (World Health Organization) is recommending farmers to stop using antibiotics routinely in animal feed.
- United States Department of Agriculture (USDA) has restricted the use of antibiotics in livestock production.
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Poultry Production - Key Potential Holder in Global Organic Feed Market
Poultry meat is one of the most widely consumed meats across the globe. Poultry meat is comparatively tastier and easily digestible as compared to other meat products. Poultry meat consumers are seeking organic meat products, owing to increased health awareness and better taste of organic poultry meat.
Poultry farmers are also highly aware of this increasing demand for organic poultry meat. This factor is highly influencing the growth of the global organic feed market in a positive way.
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Healthy Animals Produce Healthy Meat
Nowadays, consumers are highly aware of the products they consume. More people now look at all the available information on the product, such as ingredients, chemicals used, certifications, and quality, before making a final purchase decision.
In recent years, consumer perception has been changing toward meat, owing to the negative health impact of meat on the human body. As a result, vegan diets have become very popular. Organic meat has emerged as one of the preferred alternatives for consumers who are seeking a healthy and sustainable option in the meat segment.
Animals fed with certified organic feed are raise to become healthy and strong. With a balanced and chemical-free diet, animals produce improved quality lean meat that lacks the unhealthy fats that industrial meat carries. Owing to this, the demand for organic feed is increasing across the world.
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New Technology to Drive Industry Change
Research & development, technological advancements, and innovation play a key role in the expansion of any industry. Key players in the organic feed market space are investing in research & development to innovate new products that can meet the nutritional requirement of specific animals.
New organic feed product launches with additional health benefits for animals are expected to drive the growth of the global organic feed market over the coming years.
- K-Much Feed Industry Co. Ltd. has developed a special fermentation process that allows organic ingredients to produce natural protein and energy. Natural and organic feed without extra additives provides livestock with a healthy, nutritious, and quality diet.
Regional Landscape of Global Organic Feed Market
South Asia and East Asia are expected to emerge as the fastest-growing regions in the global organic feed market. Both regions are witnessing an increase in exports of organic products, including meat and dairy products.
In addition, these regions are exhibiting high growth, both, in terms of population and economy. Owing to this, the demand for organic feed is increasing across both these regions.
North America and Europe are expected to be the largest consumers of organic feed, owing to the high number of organic farms in these regions. Besides, North America and Europe are leading consumers of organic meat and dairy products, owing to rising awareness about healthy food products and the higher expenditure power of consumers.
North America is witnessing increasing demand for organic feed for poultry, and Europe is seeing increasing demand for ruminant organic feed.
The global organic feed market has been witnessing significant growth over the years. The market in East Asia and South Asia is anticipated to register high growth over the forecast period, while Europe and North America will remain top consumers in the global organic feed market.
Increasing organic production with additional content, and presence in the emerging markets in East and South Asia, will help players in the global organic feed market gain higher profits in the foreseeable future.
Global Organic Feed Market: Segmentation
PMR’s study on the global organic feed market offers information categorized into four segments - end use, form, type, and region.
Key Questions Answered in Report
- How much is the organic feed market worth?
The organic feed market is estimated to reach US$ 46 Bn in the year 2031.
- What will be the demand outlook?
The global organic feed market is expected to grow at the rate of 8.3% between 2021 and 2031.
- What was the last 5 year market CAGR?
The organic feed market witnessed a CAGR of 7% between 2015 and 2020.
- What are the key trends of organic feed market?
The key trend is increasing adoption of natural and organic feed to do away with contamination on the count of increased use of pesticides and insecticides.
- What is driving the demand for organic feed?
Quest for safe and nutritional feed is driving the demand for organic feed.
- What is the market share of top 5 players?
The market share of top 5 players including Cargill, BernAqua, Country Heritage Feeds, ForFarmers, and SunOpta is expected to be more than 50% of the market share.
- What are the top 5 countries driving demand?
The top 5 countries driving demand include the US, Belgium, Australia, The Netherlands, and Canada.
- What is North America’s market Outlook?
North America holds more than 25% of the market share.
- At what percentage organic feed market is going to register growth in Europe?
Europe is expected to register growth at the rate of 7.5% in the organic feed market between 2021 and 2031.
- What is the key market statistics in Korea and Japan?
Japan and South Korea are expected to pick up herein between 2021 and 2031.