by Market Overview:
Organic feed is mainly used to feed organic livestock including cattle, pigs, poultry, and others. It is produced from organic ingredients without the use of synthetic fertilizers, pesticides, and other chemicals. The market is mainly driven by the increasing demand for organic and natural meat and dairy products. Key types of organic feed products available in the market include cereals & grains, oilseeds, and other feed ingredients.
The Organic Feed Market is estimated to be valued at US$ 7.39 Bn in 2023 and is expected to exhibit a CAGR of 8.7% over the forecast period 2023-2030, as highlighted in a new report published by CoherentMI.
Market Dynamics:
The Organic Feed Market is primarily driven by the rising demand for organic food products worldwide. Customers are increasingly spending on organic fruits, vegetables as well as meat & dairy products owing to rising health awareness. According to the USDA, sales of organic food sales in the US grew to over $47.9 billion in 2018 from $45.2 billion in 2017. This rising preference for chemical-free natural food is resulting in higher market potential for organic feed over the forecast period. Another key driver is stringent regulations regarding usage of antibiotics and growth promoters in livestock feed. The regulatory bodies across major countries are implementing bans and restrictions on certain antibiotics and growth promoter usage due to increasing anti-microbial resistance. This is fueling the demand for antibiotic-free organic feed.
Segment Analysis:
The organic feed market is dominantly segmented into cereals & grains, oilseeds, and others. Within cereals & grains, corn dominates as a major ingredient for organic feed due to its high nutritional value and availability. Corn is used as a primary source of carbohydrates, calories, and fiber in organic poultry and swine feed.
Global 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.)
PEST Analysis:
Political: The growing regulations promoting organic and sustainable farming are encouraging farmers to opt for organic feed. Many countries provide subsidies to promote organic agriculture.
Economic: The rising disposable income and growing health awareness among consumers is driving the demand for organic and chemical-residue free food, fuelling the organic feed market growth.
Social: More consumers preferring organic food due to perceived health benefits is increasing demand for organic livestock and poultry products.
Technological: Precision farming, GPS technology, and use of big data analytics are helping organic farmers improve productivity while adopting sustainable practices.
Key Takeaways:
The global Organic Feed Market Size is expected to witness high growth, exhibiting CAGR of 8.7% over the forecast period, due to increasing consumer demand for chemical-residue free meat and dairy.
North America dominates the market currently due to stringent regulations and proliferating organic farmland in the US and Canada. The Asia Pacific region is projected to witness the fastest growth in the organic feed market led by China, India and several Southeast Asian nations experiencing rise in disposable income and health awareness.
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. Cargill and ADM are the largest players due to their integrated supply chain and global presence. ForFarmers focuses on the European market while others pursue geographical expansions and new product launches.
*Note:
1.Source: CoherentMI, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
