Thursday, August 30th, 2018 - Fact.MR

Asia Pacific organic feed market is spearheaded by India and China owing to growing awareness regarding organic feed production approaches, need for consumption of high protein diets and increasing disposable incomes. APAC organic feed market is mainly driven by rising number of industrial livestock production along with technological innovations in meat processing industry. This led to surging demands for high-quality meat and related products in the organic feed market. China’s organic feed market is likely to expand owing to increasing incidences of food scares. India’s organic feed market is expected to grow significantly during the forecast period owing to willingness of the middle-class population to shell out a premium for organic feed that is perceived to be safer and nutritious compared to conventional organic feed.

Concerns related to food quality and safety appear to be the major motive for consumer purchase across Asia-Pacific organic feed market. Though Asia-Pacific has been considerably low in the adoption of organic trends, countries such as Taiwan, Malaysia and Singapore have been witnessing tremendous growth rate since the recent past owing to surging organic feed products production across these nations. Fact.MR is of the viewpoint that companies across Asia-Pacific can be strong pickings for the investors as well as large food companies. The research firm also predicts that Asia-Pacific is likely to take hold of significant share of organic feed market on a global basis as the region is the largest consumer and producer of organic feed.

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Growing needs for natural feed additives, risk of getting affected with diseases in livestock, industrialization of livestock and quality feed are other factors driving the growth of Asia-Pacific organic feed market. In the near future, Asia-Pacific organic feed market is likely to propel on account of developing health-beneficial products for farm animals from organic feed additives.

Fact.MR had revealed that organic feed market on a global basis is likely to expand at 7.1% CAGR over the forecast period, 2018-2028. Increasing trend towards contract farming has been fuelling demand and supply of organic feed on a global basis. Expenditure on advertising organic feed products are likely to enable industries in creating avenues and increasing its global market share. Therefore, usage of social media is anticipated to further boost growth of industries providing organic feed.

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Rapidly increasing demand for the organic feed products has led to hike in prices of feeds. These high prices of the organic feed has been creating barriers for the expansion of consumer-base in the global market. In order to eliminate this barrier, manufacturers are taking immense efforts in reducing the current price difference between inorganic and organic feed. Moreover, as the need for organic feed products has been increasing, economies of scale and product innovations would lead to decrease in production costs, further fuelling consumption of the organic feed products.

For the expansion of product portfolio, leading players and manufacturers are entering into joint venture, which in turn would enable them in increasing production of the organic feed products, thereby creating production opportunities for the global market. Several governments are taking immense efforts in developing organic cell and organic policies for monitoring the organic feed as well as to take essential steps to damper the usage of conventional feed.

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Keywords

Organic feed market, Asia Pacific Organic feed market, Global Organic feed market, Organic feed industry

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