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Organic Meat Products Global Market Report 2022
Major players in the market are Coolanowle Organics, Arcadian Company, Danish Crown, Tyson Foods, Inc. , Perdue Farms, Inc. , Pilgrim’s, Foster Farms, Meyer Natural Foods, JBS S. A. , Foster Farms, Eversfield Organic.
New York, July 08, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Organic Meat Products Global Market Report 2022" - https://www.reportlinker.com/p06284499/?utm_source=GNW
The global organic meat products market is expected to grow from $15.44 billion in 2021 to $16.85 billion in 2022 at a compound annual growth rate (CAGR) of 9.1%. The market is expected to grow to $23.88 billion in 2026 at a compound annual growth rate (CAGR) of 9.1%.
The organic meat market comprises of revenue generated by establishments that produce organic meat products obtained from livestock raised in an organic system. Organic meat is obtained from livestock raised on certified organic land and fed 100% organic feed without any antibiotics or added growth hormones.
The main product type are beef, pork, mutton, poultry and others.Beef is type of meat from cattle and is exceptionally rich in high-quality protein, vitamins, and minerals.
The organic meat products are available as chilled, frozen, and canned/preseved. The organic meat products are distributed through super/hyper market, online retailers, meat shop, health and natural food stores, and others.
Asia Pacific was the largest region in the organic meat products market in 2021.North America was the second-largest region in the organic meat products market.
The regions covered in the organic meat products market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The increasing inclination of consumers towards organic products is anticipated to boost the demand for organic meat products market.This can be attributed to the growing health concerns among consumers and increasing awareness about the health benefits associated with the consumption of organic products.
According to The Organic Trade Association, the USA sales for organic food products reached $50.1 Billion in 2019, recording an increase of 4.6% as compared to the previous year. Organic meat has gained importance in recent years, and the rising demand for organic food is projected to drive the demand for organic meat products over the forecast period.
The prices of organic meat products are comparatively higher than that of conventional meat products and this factor is likely to hinder the growth of the market.The premium price reflects the higher prices involved in raising the livestock in an organic system without the use of any synthetic chemicals, antibiotics, or growth hormones.
The organic meat production process is expensive, takes more time, and is labor-intensive.Additionally, producers impose price premiums on the ’on-demand’ products to gain an advantage.
However, the price premium often decreases the affordability of organic food products, thus hindering the market growth.
Major players operating in the market are launching new innovative products to meet the consumer requirements for taste preferences and healthy eating.In March 2019, Applegate, the leading natural and organic meat company, announced the launch of the company’s new products at Natural Products Expo West 2019.
The new line of products includes The Great Organic Blend Burger, Applegate Organics, and others.
In May 2019, Perdue Premium Meat Company Inc., an industry leader in humane animal care and sustainable agriculture announced the acquisition of Panorama Meats, the largest producer of 100% organic beef for an undisclosed amount. The acquisition is aimed towards expanding the company’s product portfolio and global presence.
The countries covered in the market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
Read the full report: https://www.reportlinker.com/p06284499/?utm_source=GNW
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