The organic food market was valued at around US$7.2 billion in 2022,
NEWARK, Del, July 11 2022 (GLOBE NEWSWIRE) — The organic pet food market is expected to grow at a CAGR of 7.7%, reaching a valuation of US$14.3 billion by 2032.
Conventional feeds contain large amounts of chemicals that adversely affect the quality of meat when consumed daily by animals. Long-term consumption of such meats leads to serious health problems. To overcome this problem, manufacturers are developing organic foods that contain no chemical additives. Animals fed such foods provide meat that has high nutritional value, flavor and low fat content.
In order to meet the growing demand for organic food products, major players are focusing on organic animal husbandry and adopting agricultural practices to eradicate health issues. These factors are expected to propel the demand for organic foods. Consumers are well aware of the downsides of eating non-organic meat and are willing to spend on healthy alternatives in order to stay healthy.
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Variants of organic foods are well developed in North America and Europe due to the development of technologies and the willingness of consumers to spend on organic foods. Asia-Pacific is expected to open doors to many opportunities due to the abundance of grains and grains that can be a major source of organic food.
“The growing demand for organic animal-derived ingredients in functional food products, along with the growing preference for sustainably produced animal feed to safeguard animal health, will augment the market growth over the period. devaluation”, says an IMF analyst.
Key points to remember:
- Organic food sales are expected to increase by 6.6% and 6.3% in North America and Latin America, respectively, through 2032.
- Asia-Pacific is expected to account for 17% market share over the assessment period.
- The European organic pet food market is expected to reach US$1.5 billion.
- As for livestock, the demand in the poultry segment will grow at a CAGR of 6.8% through 2032.
- Depending on the type of ingredient, sales of cereals and grains will continue to gain momentum during the forecast period.
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Leading organic food manufacturers focus on research and development to offer different products without chemical additives. Major players are collaborating and developing new product lines to enter untapped markets. For instance:
- New Barn Organics has partnered with NestFresh Eggs for its first egg products, the collaboration ensures that the brand’s deep dedication to premium organic produce remains the brand’s top priority.
- Trademarks Conagra, Inc.
- Cargill, Incorporated
- Archer Daniels Midland Company
- Ardent Mills LLC
- Spectrum Essentials
- The flour farm
- Let’s do organic
- Bob’s red mill
Explore more valuable insights
Future Market Insights in its new report offers an unbiased analysis of the global Organic Pet Food Market, presenting historical data (2017-2021) and estimation statistics for the forecast period 2022-2032.
The study offers compelling information based on organic feed by ingredient type (cereals and grains, oilseeds, other (legumes), by livestock (poultry, pigs, aquatic animals and pets), by form (pellets , crumbs, mash), by Region (North America, Latin America, Europe, East Asia, South Asia, Oceania, MEA).
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Organic Food Market by Category
By type of ingredient:
- Cereals and grains
- Other (legumes)
- Aquatic animals
- North America
- Latin America
- East Asia
- South Asia
About Future Market Insights Food and Beverage Division
The Food & Beverage team at Future Market Insights provides all the information and advisory analysis needed to meet the unique business intelligence needs of clients around the world. With a catalog of over 500 reports on the latest agribusiness statistics and analysis, the team is happy to help you with all your business intelligence research and consulting needs.
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1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Analysis of the technology roadmap
1.5. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Market context
3.1. Market dynamics
3.2. Scenario forecast
3.2.1. Demand in the optimistic scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in the conservative scenario
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