Organic Feed Market Key Players Analysis, Size, Growth, Trends and Forecast up to 2027

Organic feed is the certified food material for the livestock, which ensures proper health, growth, and breeding of the animals. The organic feed comprises corn, wheat, barley, soybean, and rapeseed and is majorly used to feed the swine, ruminants, poultry, and aquatic animals. It is free of antibiotics, growth hormones, drugs, chemicals, pesticides and is specially designed to promote maximum health and productivity for the animals. The organic feeds consist of different forms such as crumbles, mashes, and pelleted feeds, which help in maintaining low pH in the rumen, improves digestion, and enhances longevity in animals.

The major factors contributing towards the growth of the Global Organic feed market during the forecast period include the increasing demand for organic food products, the growing organic livestock farming, and the expanding instances of animal product contamination by the insecticides and pesticides. The farmers are widely adopting organic farming practices due to the rising health concerns among the consumers across the globe. This growth in the organic farming will accelerate the demand for the Global Organic Feed market. In addition to this, the growing awareness about safe food products in the middle-class population will positively impact the demand for the Global Organic Feed market. The shifting trend towards vertical integration (contract farming) will further drive growth for Global Organic Feed market. The rising expenditure of the major key players towards the advertisement of organic feed products on multiple platforms will create opportunities in the market. This expansion will boost the growth of the manufacturers offering organic feeds across all over the globe. On the other hand, the high production cost of the organic feed is the major key restraint for the growing demand of the Global Organic Feed market.

Based on the type, the Global Organic Feed market is segmented into cereals & grains, oilseeds, and others. The cereals & grains segment is projected to grow at a higher CAGR during forecast period owing to its remarkable ingredients such as wheat, corn, and barley. Moreover, the increasing organic farmland practices across several countries in Europe and Asia-Pacific are also driving the growth of the segment.

Based on the livestock, the global organic feed market is segmented into poultry, swine, ruminants, aquatic animals, and other livestock. The Poultry segment is projected to grow at the highest rate due to the expanding consumption of poultry meat across the globe. The shift in the consumption trend, the price advantage, and the growing demand for poultry meat across different nations such as USA, Brazil, China, and Thailand will drive the growth of the Global Organic Feed market. Moreover, the increasing concern regarding animal health and the growing awareness about the benefits of organic feeds will further contribute to the growth of the Global Organic Feed market.

Based on the form, the global organic feed market segmented into pellets, crumbles, and mashes. The Pellets segment is projected to grow at a faster CAGR during the forecast period due to the increasing adoption of organic feed pellets in order to minimize wastage. The organic feed pellet is easy to feed to the animals and convenient to store. Moreover, the changing preference of the chicken farmers towards organic feed pellets will further boost the demand of the Global Organic Feed market.

Based on the region, North America is accounted to grow at the fastest rate during the forecast period owing to the increasing demand for organic feed products in the poultry industry. According to the USDA, World Agricultural Outlook Board and World Agricultural Supply and Demand Estimates Report 2018, the U.S. is the largest producer and consumer of wheat, corn, oat, barley, sorghum, and soybean. The easy availability of these ingredients at a lower price will complement the growing demand of the Global Organic Feed market. Moreover, the increasing demand for organic poultry products will create new opportunities for the organic feed manufacturers. The shift in the demand of the consumer’s towards organic dairy products such as milk will further accelerate the demand of the Global Organic Feed market.

Various notable players operating in the market include Cargill Incorporated, SunOpta, Inc., Purina Animal Nutrition LLC, Aller Aqua Group, Bern Aqua NV, ForFarmers, The Organic Feed Company, Kmuch Industry, BW Feeds, Feedex Companies, among others.

Key Developments:

• In 2018, ForFarmers N.V. acquired Van Gorp Biologische Voeders B.V. (Van Gorp Bio) to expand its production capabilities in organic feed.
• In 2018, Purina Mills launched successfully Oyster Strong® System, specially designed to maintain a perfect balance of vitamins and minerals in the hens. It will also help the hen to lay strong-shelled eggs without any additional supplement.

The global organic feed market has been segmented based on type, livestock, form, additive, and region. Based on type, the market is segmented into cereals & grains, oilseeds, and others. The cereals & grains segment is further segmented into corn, wheat, and barley. The Oilseeds is further segmented into soybean, rapeseed, and other oilseeds. Based on the livestock, the market is segmented into poultry, swine, ruminants, aquatic animals, and other livestock. Based on form, the market is segmented into pellets, crumbles, and mashes. Based on the additives, the market is segmented into vitamins, minerals, amino acids, enzymes, and phytogenics.

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Created on May 13th 2020 03:40. Viewed 266 times.

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