Market Overview:

Organic feed is produced from organic agriculture without the use of synthetic fertilizers, pesticides, or GMOs. It provides essential nutrients to livestock and poultry while meeting their health and welfare needs. Organic feed is predominantly used for ruminants and monogastric animals including cattle, pigs, poultry, and aquaculture.

The Organic Feed market is estimated to be valued at US$ 7.39 Bn in 2023 and is expected to exhibit a CAGR of 8.7% over the forecast period 2023-2030, as highlighted in a new report published by CoherentMI.

Market Dynamics:

Increasing demand for organic and natural food products is driving the growth of the organic feed market. Consumers are more inclined towards organic food owing to rising health consciousness. Organic livestock and poultry fed with organic feed produce organic meat, milk, and eggs with no traces of pesticides, antibiotics, or hormones. This factor is fueling the adoption of organic feed. Additionally, growing awareness about environmental protection and animal welfare practices is also propelling the organic feed market growth. Moreover, government support in the form of subsidies for organic farming is further boosting the market. However, high production costs associated with organic feed due to strict certification requirements and lower yields as compared to conventional farming can hamper the market growth.

SWOT Analysis:

Strength: The organic feed market offers high nutritional value to animals without any harm of chemicals. It helps in boosting the immunity and overall health of livestock. Many farmers are opting for organic feed to obtain certification for organic meat and milk products.

Weakness: The manufacturing cost of organic feed is higher than traditional feed due to strict standards of production. It also has low Shelf life and nutritional value as compared to conventional feed.

Opportunity: Rising health awareness among consumers regarding chemical-free food items is driving the demand for organic meat and dairy products. Many government are supporting organic farming which is creating new opportunities for organic feed producers.

Threats: Conventional feed producers are coming up with new formulations similar to organic feed at lower prices which poses threat to organic feedmakers. Unstable climatic conditions and natural disasters can affect the agricultural raw material supply of organic feed.

Global Organic Feed Market Segmentation:

• By Source

• Cereal & Grains
• Oilseeds
• Forage
• Others (pulses, fruits etc.)

• By Application

• Poultry
• Swine
• Ruminant
• Aquatic Animals
• Others (Equine, Pets etc.)

• By Form

• Pellets
• Crumbles
• Mashes
• Others (cakes, bales etc.)

• By Additives

• Amino Acids
• Enzymes
• Vitamins
• Antibiotics
• Antioxidants
• Acidifiers
• Others (probiotics, prebiotics etc.)

Key Takeaways:

The global Organic Feed Market Size is expected to witness high growth, exhibiting CAGR of 8.7% over the forecast period, due to increasing consumer preference for chemical-free livestock products. The market size is projected to reach US$ 12.87 billion by 2030 from US$ 7.39 billion in 2023.

Regional Analysis: North America dominates the global organic feed market with over 30% share due to rising vegan population and their rising expenditure on organic food items. Europe is second largest market for organic feed owing to strict environmental laws regarding antibiotics usage in animal feed. The Asia Pacific region is expected to be the fastest growing market during the forecast period stimulated by increasing meat consumption and growing consumer health awareness in countries like China and India.

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. Cargill dominates the market with wide distribution network across major countries.

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