Global Non-GMO Animal Feed Market 2019-2023 | Increasing Demand for Non-GMO Products to Boost Growth | Technavio

LONDON–(BUSINESS WIRE)–#AnimalFeedMarket–The global non-GMO animal feed market is expected to post a CAGR of
close to 8% during the period 2019-2023, according to the latest market
research report by Technavio.


A key factor driving the growth of the market is increasing demand for
non-GMO products. The demand for non-GMO products has been rising as
they are healthier alternatives to GM foods. Vendors are capitalizing on
consumers who are ready to pay higher prices for these products to earn
higher profits. Sometimes, the profit margin on non-GMO foods ranges
between 40% and 50%. It is estimated that the sales of organic and
non-GMO food products are expected to increase by 65% in 2019 from 2014.

This market research report on the global
non-GMO animal feed market 2019-2023
also provides an analysis
of the most important trends expected to impact the market outlook
during the forecast period. Technavio classifies an emerging trend as a
major factor that has the potential to significantly impact the market
and contribute to its growth or decline.

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In this report, Technavio highlights the growing focus on sustainable
alternatives to GM soy animal feed as one of the key emerging trends in
the global non-GMO animal feed market:

Global non-GMO animal feed market: Growing
focus on sustainable alternatives to GM soy animal feed

The demand from animal farmers for non-GMO soy feed is increasing. As
consumers are becoming more aware of the perceived harmful effects of GM
animal produce, farmers demand non-GMO animal feed with proper labeling
to identify the same. Many retail chains offer their own brands of
animal produce, claiming them to be obtained from animals that are fed
non-GMO feed. For example, Marks and Spencer sources milk from
non-GMO-fed cows. Moreover, the market has also been witnessing a
drastic increase in the availability of domestically-produced organic
animal feed ingredients. Alternatives of soy grains are widely used by
animal farmers as feed. For example, farmers in the UK widely use white
lupin which has similar protein content as soy. Therefore, with such
initiatives, the market is expected to witness a positive outlook during
the forecast period.

“Apart from increasing focus on sustainable alternatives, one other
key factor driving the growth of the market is the growing investment
and focus on expanding production capabilities. To cater to the growing
demand for non-GMO animal feed products worldwide, manufacturers are
focusing on expanding their production capabilities. They also find many
growth opportunities in the global markets due to the growing demand for
meat products. The increase in production capacity ensures that they are
well-positioned to cater to customer needs across markets, which will
boost the overall market growth,”
says a senior analyst at Technavio
for research on food.

Global non-GMO animal feed market: Segmentation
analysis

This market research report segments the global non-GMO animal feed
market by product (poultry, swine, ruminants, aquaculture, others) and
geographical regions (APAC, EMEA, and the Americas).

The Americas led the market in 2018 with a market share of over 45%,
followed by EMEA and APAC respectively. However, during the forecast
period, the APAC region is expected to register the highest incremental
growth, followed by the EMEA region.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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