Organic Feed Market to Showcase Continued Growth in the Coming Years

Northbrook, USA, 2020-Feb-28 — /EPR Network/ — The global organic feed market size is estimated to be worth 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 global organic feed industry is projected to witness significant growth in the coming years due to the increasing inclination toward organic food and environment-friendly farming practices and the ill-effects of fertilizers and chemicals, expansion of the livestock industry (especially in Asia Pacific and Europe), and rise in demand for organic food across the globe.

Based on type, the cereals & grains segment accounts for the largest share in the organic feed market. The cereals & grains segment, for the purpose of this study, include corn, wheat, and barley. The US is among the largest producers of corn and wheat, which are the primary raw materials used for manufacturing organic feed. According to the 2016 Certified Organic Survey (2015 to 2016), the US organic corn acreage increased from 166,841 million tons in 2015 to 213,934 million tons in 2016. Most of this production was used in organic feed manufacturing. This shows the high growth prospects for organic feed manufacturers in the country.

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Based on form, the mash microbe segment accounted for the largest share in the organic feed market in 2018. Mashed organic feeds are used majorly in ruminants and poultry livestock. Hence, the increased demand for organic dairy and poultry meat products is projected to drive the consumption of organic feed at a global level. In the dairy industry, the demand for organic milk segment is projected to witness higher demand in comparison to the others segment such as organic poultry meat and organic eggs.

Based on livestock, the poultry segment accounted for the largest share in the organic feed market in 2018. The poultry industry provides a range of products for human consumption, such as eggs and poultry meat. Poultry is a key revenue-generating segment for organic feed manufacturers as the demand for poultry products remains high in most of the countries at a global level. It is considered a cheap source of protein and is witnessing increased sales in the emerging countries of Asia Pacific and South America regions.

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.

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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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