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Organic Feed Market Is Driven By Increasing Livestock Farmers' Preference For Organic Feed
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The organic feed market comprises products derived from organic or natural ingredients without the involvement of any synthetic chemicals, pesticides or GMOs. Organic feed consists of cereals, oilseeds, forages and processed products that provide nutrition to livestock and help them grow naturally. Rising awareness about environmental sustainability and animal welfare has prompted livestock farmers to shift from conventional to organic farming practices. Organic feed enhances animal health while delivering nutrient-rich meat, milk and eggs fit for human consumption. The ban on the use of antibiotics as growth promoters in livestock rearing has further boosted the demand for organic alternatives.
The Global Organic Feed Market is estimated to be valued at US$ 7.39 Bn in 2024 and is expected to exhibit a CAGR of 8.7% over the forecast period 2024-2031.
Key Takeaways
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. The rising health consciousness among consumers has increased the demand for organic and chemical-free livestock products. This growing demand for organic meat, milk and eggs is a key factor driving the Organic Feed market growth. Major organic feed producers are expanding their global footprint to leverage market opportunities in developing countries with growing organic farmlands and awareness.
Market Drivers
The ban on the use of antibiotics as growth promoters and strict regulations regarding residue limits in livestock food products are compelling farmers to shift to organic alternatives. Organic farming practices ensure soil fertility and protect the environment from pollution caused by excess synthetic fertilizers and pesticides. Prominent certification labels like USDA Organic provide trust and credibility to organic feed products. The nutritional superiority and taste enhancement in animal-sourced food achieved through organic feeding is another factor propelling the organic feed market.
Geopolitical Impact on Organic Feed Market Growth
The ongoing geopolitical tensions and risks have impacted the organic feed market in multiple ways. The rising conflicts and economic sanctions have disrupted global supply chains and trade flows of key organic feed ingredients. This is affecting the availability and prices of major organic inputs like soybean, corn, wheat and others in many regions. Many European countries face uncertainties in sourcing organic feed from regions like Black Sea region and Asia Pacific due to ongoing political issues. This supply instability is a challenge for organic feed producers to secure consistent raw material supply at feasible costs.
The protectionist trade policies and import restrictions adopted by some nations amid political tensions have reduced cross border organic feed trade to some extent. This is hindering the market's ability to counter input supply risks through imports. However, new opportunities are emerging for domestic organic feed producers in such countries to expand local production and fulfill the growing domestic demand. Overall, the organic feed market needs strategic diversification of raw material sourcing globally as well as focus on increasing regional self-sufficiency to combat geopolitical risks in the long run.
Europe Remains The Largest Organic Feed Market
Europe accounts for the largest share of global organic feed market in terms of value. Large production and consumption of organic livestock especially poultry and swine in countries like Germany, France, Italy, Poland and others have been the major demand drivers. According to recent estimates, over 60% of total organic feed production is concentrated in European nations led by Spain, Germany, France, Denmark and Netherlands. Presence of stringent organic regulations and strong domestic demand from large organic livestock bases support the Europe's market dominance.
Asia Pacific Emerges As The Fastest Growing Organic Feed Market
The Asia Pacific region has emerged as the fastest growing market for organic feed globally over the recent years. Countries like China, India, Japan, Vietnam and Indonesia have witnessed rapid expansion of organized organic livestock farming, driving heavy demand for high-quality organic feed products. Supportive government policies promoting organic agriculture combined with growing awareness about organic food are fueling the APAC market growth. Additionally, increasing imports of organic livestock and feed ingredients into major Asian economies are supplementing the regional market development. In 2024, Asia Pacific is projected to surpass North America as the second largest organic feed market globally with an estimated value of over $3 Billion by end of the forecast period.
What Are The Key Data Covered In This Organic Feed Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Organic Feed's growth between 2024 and 2031.
:- Accurate calculation of the size of the Organic Feed and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Organic Feed Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market's competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Organic Feed vendors
FAQ’s
Q.1 What are the main factors influencing the Organic Feed?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Organic Feed companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Organic Feed’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
Get more insights on this topic: https://benstiller.hashnode.dev/organic-feed-market-will-grow-at-highest-pace-owing-to-increasing-health-consciousness-among-livestock-owners
About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
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