ID: MRFR/AGR/8660-HCR | February 2021 | Region: Global | 90 pages
Global Organic Feed Market size is projected to reach approximately USD 12.6 Billion by 2026, at a CAGR of 7.2% from 2020 to 2026. The demand for organic feed is increasing among livestock farmers owing to the rising awareness about benefits associated with organic feed. Organic feed refers to feed certified as free from additives such as pesticides, hormones, antibiotics, and other harmful substances. The ingredients used in the preparation of organic feed, such as cereals & grains, oilseeds, and forage, are sourced through organic farming practices. Organic farming is on the rise in many countries, along with government support. Several governments have led the way with organic-support programs, and the countries whose government supports organic agriculture the most include India, Denmark, Thailand, and Austria. This leads to ease in raw material availability and opens the door for new entrants in the market. Thus, increasing organic farming practices worldwide is boosting the growth of the organic feed market.
Global Organic Feed Market has witnessed high growth in recent years. There is a surge in demand for organic food, including meat & processed meat products and dairy products, which is encouraging the livestock farmers to indulge in organic feeding to the livestock. There are several government programs, schemes, and new initiatives in many countries to support organic farming as well as organic animal husbandry. This is driving the growth of organic livestock farming practices. Also, looking at the market opportunities, companies are investing in product launches, which will further boost the market growth in the coming years. For instance, in March 2020, ForFarmers N.V. launched a new range of organic layer feeds.
Rising awareness among livestock farmers for benefits associated with organic feeding
|Market Size||USD 12.6 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Source, Form, Livestock and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Jones Feed Mills Ltd (UK), The Organic Feed Company (UK), Modesto Milling Inc. (US), Scratch and Peck Feeds Mill (US), Land O'Lakes, Inc. (US), Forfarmers N.V. (Netherlands), Ranch-Way Feeds (US), Wolcottville Organic Livestock Feed (US), Kreamer Feed, Inc. (US), Aller Aqua A/S (Denmark), B&W Feeds Ltd (UK), HI Peak Feeds Ltd (UK), Country Heritage Feeds (Australia), Yorktown Organics, LLC (US), Feedex Companies (US)|
|Key Market Opportunities||Companies are investing in product launches|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The market can reach a valuation of USD 12.6 Billion by 2026.
The market can thrive at a rate of 7.2% in the coming period.
The accelerated demand for organic food, such as processed meat and meat products along with dairy products has prompted livestock farmers to adopt organic feed. Numerous government schemes and programs across countries promoting organic farming can also benefit the market.
Pellets are the organic feed form can achieve the highest growth in the market.
Europe can be the global leader in the organic feed market during the evaluation period.