An Incisive, In-depth Analysis on the Organic Lamb Market
This study offers a comprehensive, 360 degree analysis on the Organic Lamb market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Organic Lamb market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Huge Demand for Organic Food Benefits Organic Lamb Market
The demand for organic food has grown by leaps and bounds in the last few years. This is largely due to consumer awareness of the numerous health benefits offered by organic food products such as organic lamb. The U.S. Department of Agriculture’s National Agricultural Statistics Service 2014 Organic Survey states that around 14,000 organic farms sold food worth US$ 5.5 billion in 2014 – a rise of 74% since the year 2008. The IFOAM and FiBl Organic International 2017 report data shows that the global organic food market is valued at US$ 80 billion, pointing to huge scope for the organic lamb market. Developed countries in particular, show a marked preference for organic food as it is more natural with fewer additives and chemicals. Organic lamb provides the necessary nutrients without any added preservatives and has been able to gain higher trust in the market from consumers.
Different Varieties of Lamb Products Provide Choice to Customers
Key stakeholders in the organic lamb market deliver their products to end-customers through a number of distribution channels. These players offer a wide variety of specialized lamb cuts including breast, dried lamb, leg cut, ground lamb, etc. diversifying their product portfolio and thereby catering to a much larger customer base. For e.g. – Eversfield Organic Ltd., a UK based company that produces and sells organic lamb, sells directly to their customers through its ecommerce platform.
Processed Lamb More Popular than Raw Lamb in Organic Lamb Market
Processed lamb is anticipated to remain dominant over the course of the forecast period because of several advantages with reduced preparation time being one of them. The processed lamb segment had a revenue share of approx. 2/3rd in organic lamb market, is expected to gain 66 BPS, have a volume of more than 45,000 MT, and be worth almost US$ 160 million by end 2027. An incremental dollar opportunity of just under US$ 40 million makes the processed lamb segment well worth the while of key stakeholders in the organic lamb market.
High Rearing Cost Stifles Growth in Organic Lamb Market
Organic lamb needs to be reared under extremely strict guidelines that depend on the regulatory bodies of the country. The livestock diet needs to contain feedstuff that is 100% organic and there can be no antibiotics or growth promotants fed to them. Along with this, extra care has to be taken of the livestock to adhere to these stringent guidelines and appropriate procedures have to be in place, making it an expensive and time-consuming process. This cost is naturally passed onto the final consumer, making the cost of organic lamb high and hampering the growth prospects of the organic lamb market.
Rearing Uncertainty and Trust Deficit Challenge in Organic Lamb Market
The rearing of organic lamb depends entirely on the health and wellbeing of the livestock. The prohibition of some medicines such as antibiotics can make livestock highly vulnerable and any sick or injured sheep treated with such medication cannot be sold in the organic lamb market. In addition to this, the high cost and low availability of organically certified feedstuff and forage is a constraint that needs to be overcome in the organic lamb market. Furthermore, the poor organic certification infrastructure in emerging economies has resulted in customers there being uncertain of the quality and authenticity of organic lamb. Nonetheless, the APEJ processed lamb market alone is on track to push past US$ 30 million by 2027.
Future Market Insights has offered a 10-year forecast on the organic lamb market for the decade from 2017 to 2027. This report illustrates the market trends and dynamics across regions in the world which influence both current as well as future prospects in the organic lamb market over the course of the decade.
The research report can be expected to deliver a detailed analysis of the organic lamb market by taking into account all the factors that lead to increased uptake of organic lamb consumption. The study is a comprehensive assessment of producer strategies that are crucial for success in the organic lamb market. The report begins with an overview of the organic lamb market in terms of US$. Along with this, key drivers and restraints are highlighted to enable readers to make important business decisions.
The organic lamb market is classified into type, end-use, sales, and region. A detailed analysis for every segment has been given in the report for the organic lamb market across various regions and countries within those regions. The market outlook is for the period from 2017 to 2027 and the forecast includes all the recent developments impacting the organic lamb market. The report discusses country-specific trends that contribute to the growth of the organic lamb market along with an in-depth analysis of these.
Organic Lamb Market Taxonomy
The report evaluates the present scenario and compares and contrasts it with the anticipated growth in the organic lamb market till the end of the decadal study. 2016 is considered the base year with data for the previous 12 months. The forecast assesses total revenue by value in the organic lamb market. To present an accurate picture, the current market is sized up as this is essential in determining how the organic lamb market should shape up to be in the long run. Taking market characteristics into consideration, the outcome is triangulated with the help of all the components. It must be mentioned that the assessment is conducted not only in terms of CAGR but also with key parameters such as Y-o-Y growth and absolute dollar opportunity to gauge the predictability and exploit opportunities in the organic lamb market.
The final chapter of the organic lamb market report consists of a competitive landscape to provide readers with a dashboard view of the organic lamb market as a whole. This section plays a vital role in clients gaining an exhaustive and comprehensive understanding of key stakeholders actively involved in the organic lamb market and their presence in specific sectors. The competitive dashboard has a brief company and product portfolio description, financial ratios, long and short-term strategies, and recent developments in the organic lamb market. It is possible to conduct a competitor SWOT analysis to identify the strengths and weaknesses of companies and make investment plans accordingly.
The research methodology developed and honed by Future Market Insights allows a near-cent percent accuracy with respect to the organic lamb market. The company adopts a perfect blend of primary and secondary research to gather all requisite quantitative and qualitative data points. Expert opinions are tabulated and the data undergoes a multi-funnel channel of verification. The study makes it feasible to obtain actionable intelligence that can be used directly in execution.