Growth opportunities in the Organic Feed Market look promising over the next six years. This is mainly due to the rising health concerns among the consumers, mounting expenditure by key players towards the publicity of these products, and several features like enhancing the longevity in animals and better digestion.
Organic Feed Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Several drivers responsible for the growth of the global organic feed market include the stimulating demand for natural food products, rising organic livestock farming, and the increasing cases of animal product contagion by pesticides and insecticides. Farmers across the world are extensively adopting organic methods for farming because of the augmenting health consciousness among individuals, is further strengthening the organic feed market size. In addition, the rising recognition of nontoxic food items in the middle-class population is positively influencing the market growth. The rising preference towards vertical integration (contract farming) along with the growing disbursement by the leading market players towards the advertisements of these harmless products on multiple platforms will propel the market growth. This extension will further impel the producers towards offering organic feeds. However, the high manufacturing cost will hamper the market growth.
Livestock Segment Drivers
Based on the livestock, the market is segmented into ruminants, poultry, swine, and aquatic animals. Amongst which, poultry is projected to dominate the market over the forecast period. This is primarily attributed to the drift in consumer preference, the price advantage, and the aggravating demand for poultry meat across enormous nations such as the USA, Brazil, China, and Thailand. Moreover, the rising apprehension about animal health and the increasing awareness about the benefits of natural feeds supplement the organic feed market share.
Regional Drivers
Based on the regional coverage, North America is expected to lead the market during the forecast period. This is owing to their mounting demand in the poultry industry. In accordance with the USDA, World Agricultural Outlook Board, and World Agricultural Supply and Demand Estimates Report published in 2018, the U.S. accounts to be the largest producer and consumer of wheat, corn, oat, barley, sorghum, and soybean. The easy accessibility of these ingredients at an economical price is fuelling the market demand. Moreover, the growing demand for biotic poultry food will create new opportunities for the market. The changing consumer choice in favor of organic dairy products such as milk is driving the market growth.
Organic Feed Market’s leading Manufacturers:
- Cargill Incorporated
- Purina Animal Nutrition LLC
- Bern Aqua NV
- The Organic Feed Company
- BW Feeds
- SunOpta, Inc.
- Aller Aqua Group
- ForFarmers
- Kmuch Industry
- Feedex Companies
Organic Feed Market Segmentation:
Segmentation by Type
- Cereals & Grains
- Corn
- Wheat
- Barley
- Oilseeds
- Soybean
- Rapeseed
- Other Oilseeds
- Others
Segmentation by Livestock
- Poultry
- Swine
- Ruminants
- Aquatic Animals
- Other Livestock
Segmentation by Form
- Pellets
- Crumbles
- Mashes
Segmentation by Additive
- Vitamins
- Minerals
- Amino Acids
- Enzymes
- Phytogenics
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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