February 11, 2019 by Steve Blade
Regulations apropos of organic feed, which ensure utilization of purest methods of production, have led to lack of commercially available & permitted organic feed ingredients. Established stakeholders in the organic feed market are aiming to improve relationship between the requirements of the livestock sector and the organic feed, while complying with organic farming regulations and address sustainability challenges. A recent study of Fact.MR envisages that organic feed market to record an impressive 7.6% volume CAGR between the period of forecast, 2018 and 2028.
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Organic Feed Market: Proliferation in Organic Meat Consumption to Favor Growth
The report opines that the organic feed market will significantly benefit from growing rate of organic meat consumption, which can be attributed to constantly changing lifestyle, and cultural trends perceived in youth population. Accelerated demand for organic meat, driven by the consumer inclination toward consumption of protein-rich diets in light of rising fitness and health consciousness, will fuel demand for organic feed in the upcoming years. Organic feed producers are therefore focusing on expansion of the production capacities, in a bid to cater increasing demand.
With consumer demand for organic and natural foods witnessing a steady rise, several technologies are being adopted by organic feed producers, who aim at enhancing the animal performance via organic and natural solutions. Aiding production of high-quality meat, enabling weight-gain in animals while improving performance of their digestive system, are key attributes of organic feed that have spurred their demand in the animal feedstock industry.
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Organic Feed Market: Reliability, Consistent Supply, and Variety - Stepping Stones for Manufacturers
The organic feed market continues to witness a major demand-supply gap, with one of the major impediments being absence of certified organic feed. Organic feed producers are continuing to innovate and invest at the mill level, meanwhile partnering with relevant industries for addressing the rising requirement. Progress at the feed supply and mill level is likely to become the game changer for the organic poultry and meat production, which in turn is poised to positively impact growth of the organic feed market.
Irrespective of the nature of the end market, non-organic (conventional) or organic, key players in the organic feed market are constantly focusing on the provision of a complete range of options to their customers, for meeting both niche and mainstream markets. This will further offset the aspect of supply being an impediment to growth of the organic feed market. Key market players are focusing on the leveraging the latest technology and science, employing proper certification programs, and advancing their infrastructure, processes, and relationships for meeting their customer requirements.
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Fact.MR has profiled some of the most prominent companies active in the global organic feed market such as Cargill Incorporated, Land O’Lakes Inc, SunOpta Inc, ForFarmers NV, Scratch and Peek Feeds, Feedex Companies LLC, Kreamer Feed, LLC, Aus Organic Feed, and Green Mountain Feeds. The key market players in organic feed market are focusing on backward integration for business development and expansion of their existing production capabilities.
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