Market Scenario
Market Research Future (MRFR) assessed the global organic feed market 2022 through the projected period till 2030. Between 2022 and 2030, the organic feed market is likely to register 7.2% CAGR. By 2030, the organic feed market value can touch USD 12.6 Bn. The fast-paced growth of the organic feed market can be attribute to the growing awareness of livestock farmers about several health benefits of organic feed. The availability of organic farming area in different countries and increase in support from the government for practicing organic agriculture can bolster market expansion. In addition, the easy availability of raw material and affordability of feedstock are creating growth scope for new entrants that can benefit the organic feed market.
Market Segmentation
The segment study of the global organic feed market Research is done by source, livestock, and form.
The source-based segments of the organic feed market are cereals and grains, forage, oilseeds, and others. The cereals grains segment can secure the largest market share by 2022. Wheat and corn have high yield crops and they can contribute significantly as animal feed. Thus, the cereals and grain segment can rise at high CAGR by 2030. In addition, the significant expansion of organic farmland offering base for the rise in the production of cereals and grains across the globe and the availability of simplified supply chain solution to make them readily available as source of organic feed can bolster the market upsurge.
The form-based segments of the global organic feed market are pellets, mashes, and crumbles. The pellets segment can hold decent market of the global market. Benefits of pellets, such as easy to handle, contribute to improved feeding over other forms, and better palatability can underpin increase in traction among livestock feeders. Moreover, animals take better gains on pelleted-feed and pelleting minimizes the generation of waste during the process of eating. These are causes that are anticipated to bolster the organic feed market.
The livestock-based segments of the global organic feed market are poultry, aquaculture, ruminants, and swine among others. Th poultry segment can hold significant market share till 2026. The surge in demand for poultry can fuel to the expansion of the organic feed market. The increasing dominance of the poultry livestock segment can earn decent revenue for the feed industry across the globe. The increase in consumption of chickens and eggs among people can also favor the poultry segment to surge, thus can promote the market.
Key Players
The Organic Feed Company (UK), Scratch and Peck Feeds Mill (US), Modesto Milling Inc. (US), Jones Feed Mills Ltd (UK), Forfarmers N.V. (Netherlands), Land O'Lakes, Inc. (US), Ranch-Way Feeds (US), Aller Aqua A/S (Denmark), Kreamer Feed, Inc. (US), Wolcottville Organic Livestock Feed (US), BW Feeds Ltd (UK), Feedex Companies (US), Country Heritage Feeds (Australia), HI Peak Feeds Ltd (UK), and Yorktown Organics, LLC (US) are some reputed players in the organic feed market that are profiled by MRFR analysts to understand the competitive landscape.
Regional Analysis
In North America, the organic feed market is anticipated to witness high growth in present years and the regional market is likely to hold its leading position by end of the study period. The escalation in demand for organic food, including processed meat and meat products, and dairy products, can encourage livestock farmers to indulge in organic feeding that can promote North America market. The US organic feed market growth can be attributed to the introduction of government programs, new initiatives, and schemes favoring organic farming practices and organic animal husbandry. Moreover, launch of new organic layer feeds can add to North America organic feed market rise.
In Europe, the organic feed market can thrive due to the rising awareness of organic food products among large livestock feeder population triggering high demand. EU is identified to have well-established players in the organic feed market that aid in the high production of swine feed aqua feed, and broiler feed. This is another cause that can support the organic feed market rise in EU.
In Asia Pacific, the organic feed market overview is projected to be the fastest growing through the forecast tenure. The region sis known to have the largest consumer base and feed producers. India is known as one of the major contributors that can favor APAC organic feed stock market. The increase in adoption of organic farming practices and the rise in awareness among livestock farmers can favor the organic feed market in APAC.
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