Market Surge: Organic Feed Industry Poised for 7.7% CAGR, Projected at US$ 14.3 Billion by 2032
Organic Feed Market
Archana Aher
The organic feed market is expected to witness growth at a CAGR of 7.7%, reaching a valuation of US$ 14.3 Billon by 2032.
Conventional feed contains high amounts of chemicals that hamper the quality of meat when consumed by animals on a daily basis. Long term consumption of such meat as results in severe health disorders. In order to overcome this issue, manufacturers are developing organic feed that does not contain any chemical additives. Animals feeding on such feed offer meat that has high nutritional value, flavor and low fat content.
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In order to fulfill rising demand for organic food products key players are focusing on organic livestock farming and adopting farming practices to eradicate health concerns. These factors are expected to propel the demand for organic feed. Consumers are well aware about the downside of consuming non-organic meat and are willing to spend on healthy alternatives in order to maintain good health.
Organic feed variants are well developed in North America and Europe due to development in technologies and consumer willingness to spend on organic feed. Asia Pacific is expected to open doors to many opportunities due to abundance of cereals and grains that can form major source of organic feed.
“Increasing demand for organic animal-derived ingredients in functional food products, along with growing preference for sustainably manufactured animal feed to preserve animal health will augment the growth in the market over the assessment period,” says an FMI analyst.
Key Takeaways:
- Sales of organic feed are expected to increase at 6.6% and 6.3% in North America and the Latin America, respectively, through 2032.
- Asia Pacific is expected to account for 17% market share during the assessment period.
- The Europe organic feed market is expected to reach US$ 1.5 Bn.
- By livestock, demand in the poultry segment will increase at a CAGR of 6.8% through 2032.
- Based on ingredient type, sales of cereals and grains will continue gaining traction over the forecast period.
Competitive Landscape
Key organic feed manufacturers are focusing on research & development to offer different products with no chemical additives. Key players are collaborating and developing new product lines to penetrate untapped markets. For instance:
- New Barn Organics partnered with NestFresh Eggs on its first egg products, the collaboration makes sure that the brand’s deep dedication to superior organic products remains the utmost priority of the brand.
