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Organic Feed Market Driven by Rising Economic Growth in Developing Countries

Jan 4th 2019 at 1:06 AM

Organic feed is a type of feed that is produced by methods obey the standards of organic farming. Organic simply ingredients that the feed/food/crop cannot be genetically modified, treated with fungicides/pesticides/insecticides etc., fertilized with chemical fertilizers. All organic ingredients and products should be manufactured according to the guidelines stated by the National Organic Program .Organic feed products cannot contain any kind of medications, animal by product and chemical preservatives. It almost takes two to three years to become a certified producer of organic feed. Animal feeds play an important role in the global food industry, enabling economic production of animal proteins across the globe. Organic feed now has become one of the most important component to ensure enormous amount of animal protein.

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Regional segment for the market of organic feed is divided into five different regions: North America, Europe, Latin America, APAC, and Middle East & Africa. Among these segment Asia Pacific is expected to have the major market share globally, as it is the largest producer and consumer of organic feed. In North America market the countries like U.S. and Canada are generating the major revenue.

The rising economic growth in developing economies has been a key factor driving the growth of the global organic feed market in recent years. Availability of a wide variety of organic feed is resulting in increasing consumer base and this is expected to fuel market growth over the forecast period. Growing trend towards vertical integration (contract farming) has been driving demand for organic feed across the globe. Investment on the research and development of the organic feed will probably be a major factor for the companies those who wants to increase the market share of the organic feed market. Companies should also meet the changing demands of the consumers. Expenditure on advertisement of organic feed product will also help the industries to create opportunities and increase its market share. The use of social media will further boost the growth of the industries offering organic feed. In order to expand product portfolio several companies have already entered into joint ventures to increase the production of organic feed products, these kind of steps are defiantly going to drive the market of organic feed in the forecast period.

Some of the 10 key players in organic feed market are Cargill Inc, New Hope Liuhe Co.,Ltd., Purina Animal Nutrition LLC, Wen’s Food Group, CPP China, BRF S.A. Tyson Foods, Inc. East Hope Group Co Ltd, Ja Zen-Noh Meat Foods Co.,Ltd., Jiangxi Shuangbaotai Industry Co., Ltd., ForFarmers N.V., Tangrenshen Group Co., Ltd., Nutreco N.V., Guangdong Haid Group Co., Limited, C. P. Foods, Nonghyup Feed, Inc., Guangzhou Yuetai Group Co., Ltd., and Dachan Food (Asia) Limited among others.

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