The global non-GMO animal feed market was valued at over USD 1 billion in 2016 and is anticipated to reach almost USD 2 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global non-GMO animal feed market, under its food portfolio. This market analysis enlists the primary drivers and key evolving trends and offers an analysis of key vendors like Canadian Organic Feeds, Hiland Naturals, Scratch and Peck Feeds, SunOpta, Texas Natural Feeds, and Zeeland Farm Services.
According to Poonam Saini, a lead analyst for food research at Technavio, “The rising emphasis on the ill effects of GM-fed animal produce and perceived health benefits of non-GMO food will drive the growth of this market. These food products are regarded to be healthier than GM foods and cause lower side effects on various livestock. The vendors in the market are capitalizing on consumers who are ready to pay a higher price for these products to earn higher profitability.”
The end-users across the world are avoiding animal-derived produce from GM-fed animals as it is considered to be harmful to the health of the animal and the environment. The growing concerns among consumers regarding GM crops and animal-derived produce have been influencing the meat, egg, and dairy producers in the global. These concerns are resulting in a quick change to non-GMO feed products in especially countries such as Germany and Italy.
Focus on sustainable alternatives to GM soya animal feed
The increasing demand from animal farmers for non-GMO soy feed is fueling the demand for non-GMO animal feed with proper labeling to identify the same. Crops such as soya, maize, cotton seeds, and oilseeds are gaining immense popularity in the market and are used to manufacture major types of animal feed. The vendors are focusing on developing organic animal feed ingredients that are sustainable and soya-free. The various alternatives used by vendors include oats, rice bran, rye, buckwheat, brewer’s grain, spelt-wheat, and triticale as energy sources, and camelina meal, cottonseed meal, and earthworms.
Advancements in testing methods for non-GMO labels
The researchers in the market are focusing developing advanced testing methods to identify GM content in foods and feed products. The increasing pressure on the dairy, egg, and meat industries in various countries to offer products derived from non-GMO-fed animals will boost the need for these machines in the global market. Moreover, the implementation of government regulations mandating the appropriate labeling of GM ingredients and their quantities in food and feed products will have a positive impact on the need for advanced testing methods.
This research analysis includes a detailed breakdown of market shares and sizes of the sub-sectors and geography. A study of the key companies, including their market shares, business overview, key financials, etc. is provided in this report. This market study also offers a full analysis of primary drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report named, ‘Global Non-GMO Animal Feed Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Non-GMO Foods Market 2017-2021
- Non-GMO Food Market in China 2016-2020
- Global Genetically Modified Seeds Market 2016-2020
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