Organic Meat Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Poland, Belgium, Netherlands, Russia, Japan, China, India, South Korea, Malaysia, Sri Lanka, Brazil, Argentina, UAE, South Africa, Saudi Arabia), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1886
Increasing health consciousness amongst people across various emerging and developed nations of the world is expected to stimulate the demand for organic meat in the upcoming years. Moreover, continued efforts on environmental sustainability, creation of healthier and better food systems, and animal welfare is likely to further drive the organic meat market. An upsurge in organic farming practices has enabled organic meat market to soar to new heights over the forecast period.
Organic meat has been gaining traction worldwide due to its constituents of 0 per cent antibiotics, 0 per cent growth hormones, and 0 per cent genetically modified feed. These add to the increased preference of organic meat over differently processed meat. Apparently, the organic meat production is governed by USDA’s national organic principles introduced in 2002.
A significant increase in cost of meat production and paradigm shift of consumers towards vegan diets is likely to impede the market expansion in the upcoming years. Nevertheless, intervention of foreign trade and companies would further trigger the adoption of organic meat, thus impelling the market growth.
In terms of the type segmentation, global organic meat market is fragmented into beef, pork, lamb, mutton, poultry, and others. Organic beef market is slated to witness significant gains in the upcoming years owing to the product’s ability to reduce the potential public health complications prevailing via reducing the use of hormones, antibiotics, pesticides, and hormones. Furthermore, cattle rearing on certified organic fodders is likely to turn profitable than conventional practices, propelling organic beef market trends. Estimates claim that the organic beef sales during 2015 accounted for USD 146.7 million.
Organic meat, based on distribution channels, is made available via various platforms including meat shops, health and natural food stores, superstores, and online retailers. Superstores segment has held a sizeable stake in the overall organic meat market share due to easy availability and convenience. Industry behemoths have been showing keen interest in displaying their product line across the supermarkets. For instance, Good Herdsmen, recently announced supplying its organic Irish beef to Philippines supermarkets by the end of June 2020.
North America is set to emerge as a lucrative growth ground for organic meat industry. This growth is attributable to growing meat consumption and shifting interests towards intake of healthy foods. Among all the countries in the region, the United States is anticipated to acquire considerable proportion of north America organic meat market in the years ahead. Also, the rising per capital income of people is likely to favor organic meat market across North America.
The global organic meat market is highly concentrated and includes the presence of chief companies including Arcadian Company, Riverford Farmers, Swillington Farms, Neat Company, Organic Praire, Aurelian Supplier Group, Eversfield, and others.
Contribution of these players has an important role to play in the expansion of organic meat market. The past few years have observed some of these companies striving to undertake strategies to gain a competitive advantage over other market rivals. Citing an example, Tyson Foods, in 2018 declared taking over Tecumseh Poultry LLC to expand its portfolio of organic chicken through air-chilled Smart Chicken Brand.
Prevalent COVID-19 cases have severely disrupted the global economy while laying impact on various businesses worldwide. However, OTA estimates suggest that COVID-19 health crisis has significantly elevated the demand for organic foods globally over the span of 3-4 months due to people’s drive to eat and stay healthy during the pandemic. This is expected to leave a drastic positive influence on the global organic meat market.
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