Global Organic Feed Market Size 2024, Forecast To 2033
6 Mar, 2024
The organic feed market size has exhibited strong growth in recent years, escalating from $8.34 billion in 2023 to $8.97 billion in 2024, with a compound annual growth rate (CAGR) of 7.6%. This growth is attributed to consumer demand for organic products, growing health and environmental concerns, government support and certification programs, increased awareness regarding antibiotic and chemical residues, and the expansion of organic agriculture. Looking ahead, the market is poised to witness robust growth, reaching $12.11 billion by 2028, with a CAGR of 7.8%. The projected growth is fueled by the global expansion of organic certification, the adoption of organic aquaculture practices, the growth of e-commerce for organic products, and corporate sustainability initiatives. Major trends expected in the forecast period include investment in the organic supply chain, technological advancements in organic feed production, collaboration within the organic supply chain, innovation in organic feed formulations, and preferences for non-GMO and clean label products.
Global Organic Feed Market Key Driver
The adoption of organic farming practices by farmers is expected to propel the growth of the organic feed market going forward. Organic farming can be defined as all the farming techniques that make use of ecologically based pest controls and biological fertilizers that are obtained mainly from plant and animal waste. There has been an increase in organic feed being used by farmers to provide safe, nutritious food to their livestock while farming organically. For instance, in February 2023, according to FiBL, a Germany-based independent, non-profit research institute, estimated 3.7 million organic producers are there in 2021, an increase of 4.9% compared to 2020. Furthermore, according to an article published by the European Commission, a Belgium-based executive body of the European Union, in January 2023, the agricultural land that is being used for organic farming in the EU has increased by more than 50% with an annual increase of approximately 5.7%. Therefore, the adoption of organic farming practices by farmers will drive the growth of the organic feed market.
Get A Free Sample Of The Global Organic Feed Market ReportGlobal Organic Feed Market Segments
The organic feed market covered in this report is segmented –
1) By Type: Cereals and Grains, Oilseeds, Other Types
2) By Additives: Amino Acids, Vitamins, Minerals, Acidifiers, Antioxidants, Pre & Probiotics, Flavors and Sweeteners, Other Additives
3) By Form: Pellets, Crumbles, Other Forms
4) By Livestock: Poultry, Ruminants, Swine, Aquatic Animals, Other Livestock
By Geography:The regions covered in the organic feed market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the organic feed market in 2023. The regions covered in the organic feed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Organic Feed Industry Players
Purina Mills LLC, Scratch and Peck Feeds, K-Much Feed Industry Co. Ltd., Hi Peak Feeds Ltd., BernAqua, Country Heritage Feeds, SunOpta Inc., Ranch-Way Inc., Aller Aqua A/S, B&W Feeds Ltd., Country Junction Feeds, Green Mountain Feeds, Unique Organics Ltd., Kreamer Feed Inc., Aus Organic Feeds Pty. Ltd., Cargill Inc., Yorktown Organics, Lonza Group, ForFarmers NV, Bayer AG, BASF SE, American Vanguard Corporation, Archer Daniels Midland Company, Biochem Zusatzstoffe Handels, Kemin Industries Inc., Novus International Inc., Nutreco NV, Pancosma S.A., Royal DSM N.V., The Fertrell Company
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Organic Feed Market Overview
Organic feed refers to animal feed that is organic in nature and does not contain any synthetic pesticides, herbicides, or fertilizers. It is used to feed animals and provide them with nutrition that can improve their health and also provide feed that is good for the environment.
Organic Feed Global Market Report 2023 provides data on the global organic feed market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The organic feed market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.