Press release
Global Organic Feed Market Overview Covering Forecast Market Size And Growth Rate 2033 | Purina Mills LLC, Scratch and Peck Feeds, K-Much Feed Industry Co. Ltd., Hi Peak Feeds Ltd
Organic Feed Global Market Report 2024
The organic feed market size is expected to see strong growth in the next few years. It will grow to $12.11 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to global expansion of organic certification, organic aquaculture practices, e-commerce growth for organic products, corporate sustainability initiatives. Major trends in the forecast period include investment in organic supply chain, technology in organic feed production, collaboration in the organic supply chain, innovation in organic feed formulations, non-gmo and clean label preferences.
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.
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Increased Adoption Of Organic Farming Anticipated To Fuel Organic Feed Market
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.
Competitive Landscape -
Major companies operating in the organic feed market report are 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
Innovative Feed Ingredient For Livestock And Poultry Diets
Major companies operating in the organic feed market are focused on developing innovative feed ingredients, such as chromium propionate feed ingredients, for livestock and poultry diets andto gain a competitive edge in the market. Chromium propionate is a feed ingredient containing the essential trace mineral chromium in the form of propionate, a type of organic acid. For instance, in February 2021, Kemin Industries, a US-based manufacturer providing nutritional and health solutions, launched KemTRACE Chromium-OR, an organic-compliant chromium propionate feed ingredient for swine, cattle, broiler, and horse diets. This highly bioavailable source of chromium propionate helps improve glucose utilization and mitigate stress impacts, enhancing cellular energy, and supporting overall health and growth. KemTRACE Chromium-OR is now listed with the Organic Materials Review Institute (OMRI), meeting the USDA National Organic Program (NOP) standards.
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Key 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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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