(I-BusinessNews.Com, February 13, 2020 ) The global organic feed market size is estimated at USD 6.8 billion in 2019 and is projected to reach USD 10.1 billion by 2025, recording a CAGR of 6.8% during the forecast period. The expansion of the organic food industry due to the increasing demand for organic dairy and poultry products and growing health concerns related to the use of antibiotics, pesticides, and feed additives in feed products are some of the key factors that are projected to drive the growth of the organic feed market. North America is a key revenue generator for organic feed manufacturers. In North America, the US witnesses the increasing number of players operating in the market and the availability of raw materials that are used for developing organic feed products, such as soybean and wheat.
The cereals & grains segment is estimated to account for the largest share, on the basis of type, in the organic feed market in 2019. Cereals and grains include wheat, corn, and barley. The high growth in the Asia Pacific region is attributed to the increasing awareness about the benefits of feeding organic cereals and grains to livestock, to maintain their nutrient requirements and enhance their growth, and fulfill the rising demand for organic food. High availability of cereals and grain crops in Europe and Asia Pacific due to the increasing organic farmland practices in most of the countries in the region is also one of the key factors driving the growth of the segment.
The poultry segment is estimated to account for the largest share in the organic feed market in 2019. It is also projected to be the fastest-growing market during the forecasted period. Poultry meat is the most popular natural and organic meat among consumers. According to the USDA, in the US, the largest volume of organic meat sales is for poultry. According to the USDA's Economic Research Service (ERS), in 2016, the number of certified organic broilers produced totaled over 19 million in the US. The number of certified organic layer hens produced in the same year was over 15 million, and the number of certified organic turkeys produced was 410 thousand. In developing countries, organic feed manufacturers are focusing on capitalizing on significant growth prospects as consumers opt for organic products.
North America was the largest market for organic feed in 2018. In North America, key players operating in the organic feed market include Cargill (US), SunOpta (Canada), and Purina Animal Nutrition LLC (US). The demand for organic feed is projected to increase in the poultry industry across regions. The US is among the largest producers and consumers of corn, wheat, and soybean at a global level. These ingredients are used on a large scale in the feed industry and with the latest trend of increasing consumer preference for natural ingredients, the demand for these ingredients is projected to increase in the coming years.
In Canada, small scale players offer organic feed for poultry, swine, and ruminant. In Mexico, the demand for organic poultry products, such as eggs and poultry meat, is projected to create lucrative opportunities for organic feed manufacturers. Milk is also projected to witness an increase in the consumption of organic feed for ruminant livestock, as consumers prefer opting for organic dairy products in the region. Thus, North America is projected to create high growth prospects for organic feed manufacturers in the coming years.
Organic feed manufacturers are focusing on expanding their consumer base in the market. Leading players operating in the organic feed market include Cargill (US), Purina Animal Nutrition LLC (US), SunOpta (Canada), ForFarmers (Netherlands), BernAqua (Belgium), Aller Aqua (Denmark), K-Much Feed (Thailand), The Organic Feed Company (UK), Scratch and Peck Feeds (US), B &W Feeds (UK), Hi Peak Feeds (UK), Country Heritage Feeds (Australia), Feedex Companies (US), Country Junction Feeds (Canada), Green Mountain Feeds (US), Ranch-Way Feeds (US), Unique Organics (India ), Kreamer Feed (US), Yorktown Organics LLC (US), and Green Miller (India).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including: