Organic Feed Market to Grow with a CAGR of 7.41% Globally through to 2028
Increasing demand for organic food products, growing organic livestock
farming are factors driving the global organic feed market in the forecast
period 2024-2028.
According to TechSci Research report, “Global Organic
Feed Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, the Global Organic Feed Market stood at USD 7.3
billion in 2022 and is anticipated to grow with a CAGR of 7.41% in the forecast
period, 2024-2028. The Organic Feed Market has emerged as a dynamic and
influential sector within the broader organic agriculture and animal husbandry
landscape. As consumer preferences shift towards healthier and more sustainably
produced food, the demand for organic feed has experienced a significant
upswing.
The Organic Feed Market has witnessed robust growth in
recent years, driven by a confluence of factors, including increasing consumer
awareness, regulatory support, and a growing emphasis on sustainable farming
practices. The global market size for organic feed has expanded steadily,
mirroring the overall growth of the organic food industry.
Browse over 26 market data Figures spread
through 181 Pages and an in-depth TOC on "Global Organic Feed Market”
The demand for organic feed is not confined to a
specific region but has a global footprint. Developed economies, such as North
America and Europe, have traditionally been strongholds for organic products,
including organic feed. However, emerging economies in Asia-Pacific and Latin
America are increasingly contributing to the market's growth as consumer
awareness and purchasing power rise in these regions. Several key
drivers underpin the growth of the Organic Feed Market, shaping its current
landscape and future prospects. One of the primary drivers is the growing
awareness among consumers of the health and environmental benefits associated
with organic products. This heightened awareness has translated into an
increased demand for organic feed, particularly as consumers seek to extend
their commitment to organic choices to include the products derived from
animals raised on organic feed.
Regulatory support and the establishment of
certification programs are another pivotal driver. Governments and
international organizations have recognized the importance of promoting organic
agriculture, leading to the development of stringent regulations that govern
the production and labeling of organic products, including organic feed. The
presence of certification programs helps build trust between consumers and
producers, ensuring the authenticity and integrity of organic feed products.
The Organic Feed Market is poised for continued growth
and evolution, driven by the interplay of consumer demand, regulatory support,
and industry innovation. As consumers become increasingly discerning about the
origin and production methods of their food, the demand for organic feed is
likely to remain strong. The market presents opportunities for farmers, feed
manufacturers, and other stakeholders to explore innovative solutions, enhance
sustainability practices, and contribute to the broader goals of organic
agriculture.
Opportunities for market growth also extend to
technological advancements, research and development initiatives, and strategic
collaborations. Continued investment in precision farming technologies,
research into organic feed solutions, and partnerships between stakeholders in
the organic feed supply chain can contribute to overcoming existing challenges
and capitalizing on emerging trends.
The Organic Feed Market occupies a
pivotal position within the broader landscape of organic agriculture. As
consumer preferences continue to shift towards organic and sustainably produced
food, the market is presented with opportunities for expansion, innovation, and
the establishment of robust and resilient supply chains. The challenges faced
by the market underscore the need for collaborative efforts and strategic
interventions to ensure the continued growth and sustainability of the Organic
Feed Market.
The Global Organic Feed Market is segmented into type,
form, distribution channel, regional distribution, and company.
Based on type, the organic feed market
is segmented into cereals & grains, oilseeds, forages, fishmeal, and
others. The cereals & grains segment is expected to account for the largest
share of the market, due to the high demand for organic cereals and grains for
animal feed.
The organic feed market is segmented on the basis of
region into North America, Europe, Asia Pacific, Latin America, and Middle East
& Africa. North America is expected to account for the largest share of the
market, due to the high demand for organic food products in the region. In the
market, North America is anticipated to hold a sizable portion. Animal feed is
produced and exported by the United States on a global scale. Consumption of
organic foods is rising quickly in the United States and Canada, particularly
in the dairy, poultry, and meat categories.
Major companies operating in Global Organic Feed Market
are:
- Cargill Inc.
- Perdue Farms Inc.
- Country Heritage Feeds
- Aller Aqua Group
- Feedex Companies
- Modesto Milling
- The Organic Feed Company
- Green Mountain Feeds
- Purina Animal Nutrition LLC
- Kreamer Feed Inc
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“The Organic Feed Market is experiencing robust
growth, driven by increasing consumer awareness, a shift towards sustainable
and ethical farming practices, and regulatory support. Consumers' rising
preference for organic products, coupled with concerns about the environmental
and health impacts of conventional farming, has propelled the demand for
organic feed. As more farmers embrace organic agriculture and governments
implement supportive policies, the market continues to expand globally. This
growth reflects a broader societal shift towards conscientious and environmentally
friendly food choices, positioning the Organic Feed Market as a pivotal player
in the sustainable agriculture landscape.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Organic
Feed Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented By Type (Cereals and Grains, Oilseeds, Forages, Fishmeal, Others), By
Form (Pellets, Crumbs, Mashes, Others), By Distribution Channel (Direct,
Indirect), By Region, By Competition, 2018-2028”, has evaluated the
future growth potential of Global Organic Feed Market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Organic Feed Market.
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