Market Forecast
Global Organic Feed Market size is projected to be valued at USD 12.6 Billion by 2026 at a CAGR of 7.2% between 2020 and 2026. Consumers are highly demanding organic milk, meat, poultry, eggs, and leather products, which require organic livestock production. Thus, the demand for organic feed is increasing with the growth of organic animal husbandry. A system of livestock production that promotes the use of organic and biodegradable inputs from the ecosystem in terms of animal nutrition and health is known as organic animal husbandry. The government of various countries is also making efforts to educate and encourage the farmers to adopt organic farming practices, which eases the raw material supply in the organic feed market and contributes to its growth. The market players are also emphasizing on product launches, partnerships, acquisitions, and expansions to meet the increasing market demand. For instance, For Farmers N.V. on 2 October 2018 announced the acquisition of Van Gorp Biologische Voeders B.V. through its subsidiary Reudink to expand its production capacity in organic feed.
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Key Players of Organic Feed Market:
- Jones Feed Mills Ltd. (UK)
- The Organic Feed Company (UK)
- Modesto Milling Inc. (US)
- Scratch and Peck Feeds Mill (US)
- Land O'Lakes, Inc. (US)
- Forfarmers N.V. (Netherlands)
- Ranch-Way Feeds (US)
- Wolcottville Organic Livestock Feed (US)
- Kreamer Feed, Inc. (US)
- Aller Aqua A/S (Denmark)
- BW Feeds Ltd (UK)
- HI Peak Feeds Ltd (UK)
- Country Heritage Feeds (Australia)
- Yorktown Organics, LLC (US)
- Feedex Companies (US)
Growth Opportunities in the Organic feed Market
Increasing Organic Farmland for Cereals Grains: The cereals grains segment dominated the global organic feed market in 2019 and is expected to remain the largest during the forecast period. Among all the crops, cereals grains are the major crops grown across the globe. With an increasing shift to organic farming practices among the farmers, there is increasing organic farmland for cereals grains owing to its high demand for human as well as animal consumption.
Feed in Crumbled Form Gaining Popularity in the Poultry Sector: Crumbles are extracted from whole pellets, which are rolled into a smaller size. They are smaller broken up pellets, which makes it easier for the smaller breeds during their intake. Crumbles have recently gained popularity in feeding broilers as they tend to prefer the smaller crumbles over the large pellets.
Growth of Aquaculture across the Globe: The aqua market is growing at a tremendous rate owing to the growing demand for aqua-based protein and increasing consumption of seafood across the globe. It is mainly dominated by shellfish and herbivorous and omnivorous pond fish. Thus, the organic feed market players are focusing on increasing the range of organic feed for aquaculture specie.
By Region
- North America
- Europe: Europe dominated the global organic feed market in 2019, owing to the high awareness and demand for organic food products among the population. Also, the high presence of established players in the organic feed market in this region is driving market growth. In Europe, the production of swine feed, broiler feed, and aqua feed is massively growing, which is supporting the growth of organic feed market in this region.
- Asia-Pacific: Asia-Pacific is projected to be the fastest-growing market during the forecast period. It is the largest feed producer and consumer, with China being the major contributor. Animal feed production in China in 2019 was around USD 94.06 billion. Increasing adoption of organic farming practices and its rising awareness among the livestock farmers are projected to boost the market growth of the Asia-Pacific organic feed market.
- Rest of the World
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