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 poultry segment is projected to witness the fastest growth during the forecast period.
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.
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The pellets segment is projected to record the fastest growth during the forecast period.
Pellets are the most common and preferred form of organic feed. They also contain a high level of binders as compared to the mashed form of organic feed. The pelleted form of organic feed stimulates early organic feed intake. Pelleting of organic feed also reduces wastage, as it is easy to feed to animals, convenient to store, and is also preferred by backyard chicken farmers.
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.
Key players in the organic feed market include Cargill (US), BernAqua (Belgium), Country Heritage Feeds (Australia), ForFarmers (Netherlands), SunOpta (Canada), Ranch-Way Feeds (US), Aller Aqua (Denmark), Purina Animal Nutrition LLC (US), Scratch and Peck Feeds (US), Cargill (US), K-Much Feed Industry Co., Ltd (Thailand), The Organic Feed Company (UK), B&W Feeds (UK), Feedex Companies (US), Country Junction feed (US), Green Mountian Feeds (US), Unique Organic (US), Kreamer Feed (US), Yorktown Organics, LLC (US), and Hi Peak Feeds (UK).
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Key questions addressed by the report:
- What are the new application areas that organic feed companies are exploring?
- Which are the key players in the organic feed market, and how intense is the competition?
- What kind of competitors and stakeholders, such as organic feed companies, would be interested in this market? What will be their go-to-market strategy, and which emerging market will be of significant interest?
- How are the current R&D activities and M&A strategies in the organic feed market projected to create a disrupting environment in the coming years?
- What will be the level of impact on the revenues of stakeholders of organic feed benefits due to the rising revenues, environmental regulatory compliances, and sustainable profits for the suppliers?