Organic Beef Market Rises at 6.7% CAGR
Rising at a stable CAGR of 6.7% between 2019 and 2027, the global non-alcoholic malt beverages market is expected to reach US$ 16421.3 Mn by the end of 2027. According to Future Market Insights, due to the high availability of natural resources in countries of Latin America, companies have easy access to raw material cultivated for the production of organic products. Brazil and Argentina are the most prominent countries in Latin America contributing towards the production of organic beef. For instance, in 2017, according to the report published by the Research Institute of Organic Agriculture (FiBL) and International Federation of Organic Agriculture Movements (IFOAM) over 70% of the total organic agricultural land in Latin America constitutes permanent pasture land.
- The global organic beef meat market is expected to rise at a CAGR of 6.4% between 2019 and 2027, reaching US$ 16421.3 Mn by the end of 2027.
- Rising health consciousness among consumers, coupled with innovations launched by leading companies, will boost the organic beef meat market.
- The market is also expected to gain from the increasing spending power of consumers. Consumers exhibit a higher demand for Fresh Meat.
· However, in the coming years the demand for Ground Beef will rise at a higher rate.
- Some of the leading brands are: Tyson Foods Inc., JBS Global and Danish Crown
Key Factor(s) Influencing the Organic Beef Meat Market:
Increasing Trend of Healthy Food: Worldwide, consumers are becoming increasingly health-conscious. It is believed that organic beef, particularly grass fed beef contains thrice the amount of omega-3 fatty acid than grain-fed beef. Moreover, grass fed beef also contains 300-400% higher amounts of conjugated linoleic acid, a nutrient associated with lowering the risk of cancer and heart disease. Grass fed beef is also a rich source of vitamins A and E. Based on these trends, the global organic beef market is poised to register an uptick in the future.
Diminishing Preference for Processed Meat: The introduction of organic beef has shifted consumers away from the consumption of processed meat. Processed meat manufacturing involves increased usage of chemical additives and antibiotics. Since these are present in the meat in large concentrations, it can lead to bio magnification. As a result, a deterioration in individual health occurs. Therefore, people are choosing to consume more sustainable meat alternatives.
Rising Trends of Veganism: The augmented demand for vegan and plant-based products shall act as a potential market restraint. Growing environmental concerns with meat production such as increasing carbon footprint is prompting consumers to adopt vegetarianism to offset the damage caused to the environment. This is poised to limit the market growth of organic beef in the forecast period.
COVID-19’s Impact on Organic Beef Market:
The COVID-19 pandemic is anticipated to impact production of organic beef, as consumers are shifting to a vegetarian diet as a precautionary measure to contain the spread of the virus. Nationwide lockdowns has led to a closure of restaurants and hotels across the world, the key end-users of meat products. As a result, key manufacturers are facing a demand-supply gap since there are no end-users to purchase organic beef. Falling beef sales has also impacted profit margins of leading manufacturers and are struggling to make any sort of margin. In the long-run, consumption of meat products shall diminish significantly.
Anticipated Animal Feed Additives Market Value in 2027
US$ 16,421.3 Mn
North America, Latin America, Europe, APEJ, Japan, and MEA
Wegmans Food Markets, Perdue Farms, Danish Crown, JBS Global, Tyson Foods, Australian Organic Meats, Eversfield Organic Ltd., Meyer Natural Foods, Blackwood Valley Beef and OBE Organic.
Increasing Market Penetration Drives Growth
Growing consumer awareness and preference for natural and organic foods owing to associated health benefits have fuelled the shift to organic food in day-to-day edibles in consumers, especially in Eastern Europe. Large retail chains such as Whole Foods are already prompting the presence of organic agricultural produce in their store shelves, and this trend is also expected to boost the availability of organic beef meat. TESCO, a prominent retail chain in the UK, is following this path by offering organic beef in various processed formats, and under its own label. Organic beef products are anticipated to gain popularity due to the organic wave in the region over the forecast period.
Developed Markets Prove Lucrative for Sales of Organic Beef Meat
Beef is a primary source of food for consumers across North America and Western Europe. Moreover, consumers in developed countries such as the US and Canada are more aware about organic certified foods, and how they are better than conventional food products. Throughout the forecast period, over two-fifth of organic beef meat sold in the global market will be accounted by consumers in the US and Canada.
Consumer’s Growing Awareness about Health Benefits of Organic Beef Meat to boost its Sales
Increasing awareness regarding the potential adverse effects of using antibiotics and chemical additives during the manufacturing of processed beef is driving consumers towards the global organic beef meat market. The increasing demand for organic beef meat among the consumers has prompted suppliers to increase the supply of the organic meet. The easy availability of the beef meat and increasing demand from consumers are propelling growth of the market.
Fresh Meat segment will remain dominant
Grounded beef segment by type is expected to account for a relatively high value CAGR
Direct Sales hold dominance
Online Retailers to surge in future
How Growth will Unfold
The processed meat segment is anticipated to remain dominant in terms of revenue share during the forecast period due to the advantage of reduced preparation time for processed meat. Although high prices of these specialised products are restricting product acceptance by the middle-class population, rising disposable income and increasing focus on healthy living support demand for products such as ground beef, steak beef, patty, chucks and others. As producers promise higher quality and enhanced value for money, it will automotically reflect positively on the market’s overall growth trajectory.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Organic Beef Meat Market : Forecast, Trend, Analysis & Competition Track - Global Review 2019 to 2027
The report on the global Organic Beef Meat market is intended to offer global industry assessment for 2014-2018 and 2019-2027. In this study, Future Market Insights (FMI) covers some of the chief factors that are expected to impact the demand and supply of Organic Beef Meat over the next couple of years. It includes detailed review of growth drivers, challenges, opportunities, and prevailing trends in the market. It therefore covers crucial information intended to help readers get a comprehensive overview of Organic Beef Meat Market.
Organic Beef Meat Market Taxonomy
The report segments the global Organic Beef Meat Market in detail to present an executive-level blueprint to the reader
- Fresh Meat
- Processed Meat
- Ground Beef
- Steak Beef
- Fresh Meat
- Processed Meat
- Ground Beef
- Steak Beef
- North America
- Western Europe
- Eastern Europe
- Latin America
- Middle East
The executive summary of the report covers country analysis, proprietary wheel of fortune, demand-side and supply-side trends, and opportunity assessment. Also, it offers recommendations to help companies establish a foothold in the global Organic Beef Meat Market.
Readers can find a detailed segmentation of the overall the Organic Beef Meat Market share in this chapter. This section also highlights inclusions and exclusions to help readers understand the scope of the report.
Readers can find valuable information on the key segments within the market, besides relevant definitions in this chapter. Associated industry assessment is also carried out to study the Organic Beef Meat Market trends, prevailing dynamics, trade analysis, and supply and value chain. Consumers’ perception on the Organic Beef Meat Market is explained in consumer survey analysis and social media sentiment analysis included in this chapter.
This chapter studies the growth trajectory exhibited by the Organic Beef Meat Market across various segments. On the basis of product type, the market can be bifurcated between Fresh Meat and Processed Meat in the Organic Beef Meat Market. In terms of flavor, the Processed Meat market can be segmented into Ground Beef, Steak Beef, Chucks and Patty. In terms of distribution channel, Direct Sales, Indirect Sales, Modern Trade, Convenience Stores, Online Retailers and Independent Retailers. Regionally, North America, Western Europe, Eastern Europe, Latin America, APEJ, Japan, Africa and Middle East constitute the key segments in the global Organic Beef Meat Market.
This chapter includes a detailed analysis of the growth exhibited by the market in North America. It also offers country-wise assessment of the market that covers growth exhibited in the U.S. and Canada. Readers can also find information on prevalent trends and regulations in the North America market for the Organic Beef Meat Market.
Readers can find detailed information on prevailing trends that are impacting the growth of the Latin America in Organic Beef Meat Market. Besides this, the chapter includes results of pricing analysis. It also examines the growth prospects of the Organic Beef Meat Market in LATAM countries such as Brazil, Mexico, Argentina, and the Rest of Latin America.
The chapter discusses in detail key factors enabling growth in the Japan Organic Beef Meat Market. Besides this, it offers information on the impact of regulations on the prevailing growth drivers and restraints in the market
The chapter discusses various factors driving the market across Germany, France, U.K., Spain, Italy, NORDIC, BENELUX, Rest of Western Europe.
The chapter discusses various factors driving the market across CIS, Rest of Eastern Europe.
This chapter includes a detailed analysis of the growth of the market in Asia Pacific, along with a country-wise assessment that covers China, India, Indonesia, Philippines, Australia & New Zealand, and the Rest of Asia Pacific. Readers can also find regional trends and regulations, affecting growth in countries across Asia Pacific.
This chapter provides information about how the market is anticipated to grow in major countries in the MEA region such as GCC Countries, South Africa, Turkey, and the Rest of MEA, during the forecast period 2017 - 2026.
In this chapter, readers can find detailed tier analysis and information on concentration of key players in the Organic Beef Meat Market along with their presence analysis by region and product portfolio. Readers can also find a comprehensive list of all leading stakeholders in the market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the leading companies operating in the market are Neat Meat company, organic Prairie, Aurelian organic meat supplier group, Swillington Organic Farm Arcadian Organic Meat Co., River ford organic farmers, Eversfield etc.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Organic Beef Meat Market report.
This chapter is intended to help readers understand the research methodology followed to reach conclusions and derive important qualitative and quantitative information, about Organic Beef Meat Market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Dieticians Association
- Food and Agriculture Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits