Categories: Food & Beverages

Organic Feed Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Organic Feed Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Organic Feed Global Market Report 2024, The organic feed market size has grown strongly in recent years. It will grow from $8.34 billion in 2023 to $8.97 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to consumer demand for organic product, health and environmental concerns, government support and certification programs, awareness of antibiotic and chemical residues, growth in organic agriculture.

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.

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.

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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

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.

The organic feed market report table of contents includes: