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.
Organic
Feed Market Segmentation:
Organic
Feed market
is segment on the basis of species, ingredients, distribution channel
and region. On the basis of species the market is segmented into
poultry, swine, ruminants, aquaculture, horse and dogs, others. Among
all the segments poultry accounts the maximum market share
(approximately 47%), followed by swine with approximately 26%. On the
basis of ingredient organic feed market is segmented into corn,
wheat, barley, soybean, rapeseed and others. Among all the segments
market share of corn is the highest which accounts for approximately
for 76%, followed by wheat with 21% approx. On the basis of
distribution channel organic feed market is segmented into
supermarkets/hypermarkets, specialty stores and online stores.
Supermarkets/hypermarkets is anticipated to hold a relatively high
share in the organic feed market. Online stores have also contributed
significantly to the growth of organic feed market over the forecast
period.
Organic
Feed Market Regional Outlook:
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.
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Organic
Feed Market Drivers:
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.
Organic
Feed Market Key Players:
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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