iCrowdNewswire Jan 15, 2021 1:55 PM ET
Global Organic Feed Market size is projected to be valued at USD 12.6 Billion by 2026 at a CAGR of 7.2% between 2020 and 2026. Consumers are highly demanding organic milk, meat, poultry, eggs, and leather products, which require organic livestock production. Thus, the demand for organic feed is increasing with the growth of organic animal husbandry. A system of livestock production that promotes the use of organic and biodegradable inputs from the ecosystem in terms of animal nutrition and health is known as organic animal husbandry. The government of various countries is also making efforts to educate and encourage the farmers to adopt organic farming practices, which eases the raw material supply in the organic feed market and contributes to its growth.
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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) and Feedex Companies (US)
Growth Opportunities in the Market
Increasing Organic Farmland for Cereals & Grains: The Organic Feed Market cereals & grains segment dominated the global organic feed market in 2019 and is expected to remain the largest during the forecast period. Among all the crops, cereals & grains are the major crops grown across the globe. With an increasing shift to organic farming practices among the farmers, there is increasing organic farmland for cereals & grains owing to its high demand for human as well as animal consumption.
Growth of Aquaculture across the Globe: The aqua market is growing at a tremendous rate owing to the growing demand for aqua-based protein and increasing consumption of seafood across the globe. It is mainly dominated by shellfish and herbivorous and omnivorous pond fish. Thus, the market players are focusing on increasing the range of organic feed for aquaculture species.
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