The organic feed market has been growing rapidly in recent years, driven by the increasing demand for natural and sustainable livestock nutrition. In this article, we will take a closer look at the organic feed market and some of the key trends driving its growth.
Market Overview
The organic feed market is a relatively new market that has been growing rapidly in recent years. According to a report by PMR, the global organic feed market was valued at USD 6.8 billion in 2020 and is projected to reach USD 10.1 billion by 2025, growing at a CAGR of 8.2% during the forecast period.
The market is primarily driven by the increasing demand for natural and sustainable livestock nutrition. With consumers becoming more conscious about what they are eating, there has been a growing demand for meat, dairy, and eggs from animals that are fed with organic feed. This has led to an increase in demand for organic feed from farmers and ranchers around the world.
Key Trends
-
- Rise in Organic Farming
The increasing popularity of organic farming is one of the key trends driving the organic feed market. According to the Organic Trade Association, organic food sales in the US increased by 12.4% in 2020, reaching a record of $56.4 billion. This trend is expected to continue in the coming years, driving the growth of the organic feed market.
-
- Focus on Animal Welfare
Consumers are becoming more aware of animal welfare issues, and are looking for meat, dairy, and eggs from animals that are raised in a humane and sustainable way. Organic feed is perceived as a more ethical and sustainable way of feeding livestock, as it is free from pesticides and other harmful substances.
-
- Government Regulations and Support
Governments around the world are introducing regulations and providing support for organic farming, which is driving the growth of the organic feed market. For example, in the US, the USDA provides organic certification for livestock feed, which helps farmers and ranchers to access the organic feed market.
-
- Innovation in Formulations
Manufacturers are constantly innovating to offer new and improved formulations of organic feed. This has led to a wide variety of products in the market, from feed for poultry to feed for livestock. The availability of different formulations has also made organic feed more appealing to farmers and ranchers.
Key Players
Some of the key players in the organic feed market include:
-
- Cargill
- Purina Animal Nutrition
- Scratch and Peck