DUBLIN--(BUSINESS WIRE)--The "Organic Meat Products Global Market Report 2020-30: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global organic meat products market.
This report focuses on organic meat products market which is experiencing strong growth. The report gives a guide to the organic meat products market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
The global organic meat products market is expected to grow from $14.38 billion in 2019 to $15.92 billion in 2020 at a compound annual growth rate (CAGR) of 10.7%. The coronavirus pandemic has led to a surge in the demand for organic and sustainable foods. This is because COVID-19 has driven consumer awareness about health and nutrition, and currently, organic foods that are free of pesticides or synthetic chemicals are viewed as safe alternatives. However, the challenge is to maintain the supply with such a surge in demand. Therefore, the organic meat products market is prone to supply-demand swings due to which the market growth is not as significant as expected. The market is expected to reach $20.39 billion in 2023 at a CAGR of 8.6%.
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Europe was the largest region in the global organic meat products market in 2019. The Asian Pacific is expected to be the fastest-growing region in the forecast period.
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 organic meat products market covered in this report is segmented by product type into beef; pork; mutton; poultry; others and by distribution channel into super/hypermarket; online retailers; meat shop; health and natural food stores; others.
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 US sales for organic food products reached $48.0 Billion in 2018, recording an increase of 5.9% 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.
Key Topics Covered:
1. Executive Summary
2. Organic Meat Products Market Characteristics
3. Organic Meat Products Market Size And Growth
3.1. Global Organic Meat Products Historic Market, 2015 - 2019, $ Billion
3.2. Global Organic Meat Products Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion
4. Organic Meat Products Market Segmentation
4.1. Global Organic Meat Products Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
4.2. Global Organic Meat Products Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5. Organic Meat Products Market Regional And Country Analysis
5.1. Global Organic Meat Products Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Organic Meat Products Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- 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
- Verde Farms
- Swellington Organic Farm
- Leverandrselskabet Danish Crown A.m.b.a
- Organic Prairie
- Neat Meat company
- Aurelian organic meat supplier group
- River ford organic farmers
For more information about this report visit https://www.researchandmarkets.com/r/x8ogxx