According to the recent FMI report, the market size for Organic Beef is anticipated to cross a value of USD 21.5 Bn in 2032, growing at a CAGR of 6.8% approximately between 2022 and 2032.
Growing public awareness of and demand for natural and organic foods because of the resulting health benefits has sparked a movement in consumer preferences for organic food in everyday foods, particularly in Eastern Europe, pushing the sale of organic beef.
The research report on organic beef explains that the availability of organic cattle steak is anticipated to increase as a result of large retail chains like Whole Foods already encouraging the presence of organic agricultural produce on their store shelves.
To stop the environment from degrading, government measures are increasingly pushing the use of organic products. The Cattleman’s Financial Corporation is one programme run by the Canadian government that encourages livestock breeders by offering financial support because the cost of feeding organic cow diet is higher. This fuels the demand for organic beef globally.
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The opportunity for existing manufacturers to develop and improve the penetration of organic products, such as organic beef, as well as expanded export opportunities, is thus provided by the expanding government encouragement and support for such food products.
Demand analysis of organic beef market suggests that the organic market every where is trending the most as people are preferring organic meat over processed meat. This pushes the sales of organic beef. The fact that organic beef holds linear fats, athletes are now also choosing organic beef over any other non-organic source of protein.
The increased number of ranches owners integrated with the organic beef retail platforms that fulfils the supply chains in order to lead in the market space are also expanding the organic beef market size.
Red meat consumption has increased during the course of the last forecast period, involving the demand for organic beef. This is due to the new cuisines, internet, online food delivery and food vlogging. The social media has started influencing the food habits of people.
Key Takeaways from the Organic Beef Market Study:
- The demand for organic beef in China is at an all-time high, and regional companies are competing for clients who are still concerned about food safety.
- Except for organic meat like organic beef, Germany’s meat consumption is still declining
- The global Organic Beef Market is forecasted to surpass US$ 21.5 Bn by the end of 2032.
“The One of the factors that has made it possible for restaurants to adopt the organic trend more and more is the simplicity of promoting organic food. Farm-fresh food that is pesticide-free and has health advantages is more popular with consumers. Additionally, restaurants are incorporating more organic foods into their menus as a result of the perception that organic food is more enticing than conventional food. This trend will help the organic beef industry expand during the ensuing years.” a FMI Analyst says
Competitive Landscape
Organic beef market outlook explains that many businesses are putting their attention on organic growth techniques including product launches, product approvals, and other things like patents and events. Acquisitions and partnerships and collaborations were examples of inorganic growth tactics that were observed in the market. These actions have made it possible for market participants to increase their clientele and business. With the growing demand for organic beef meat on the worldwide market, market players from the organic beef meat market are projected to fuel the demand for organic beef in the future.
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Recent Developments in the Market
- Organic Prairie introduced a 10-minute mealtime solution on December 16, 2021USDA certification ensures that the food is free of synthetic hormones, antibiotics, fertilisers, pesticides, and fertilisers.
- A new beef brand that offers 100% American, grass-fed, USDA-certified organic beef and other flexitarian goods debuted on the American market on October 6, 2021. The company is called Raise Americans. The business uses regenerative agricultural methods and aims to provide total transparency throughout the supply chain.
Get Valuable Insights into Organic Beef Market
FMI, in its new offering, provides an unbiased analysis of Organic Beef Market presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032). The study divulges compelling insights on the demand for Organic Beef based on Product Type (Processed Meat, Fresh Meat), by Sales Channel (Indirect Sales, Direct Sales).
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Frequently Asked Questions
- How big is the Organic Beef Market?
- At what Rate Organic Beef Market is expected to rise?
- What is North America’s share in Organic Beef Market?
- Which are the major countries driving demand for Organic Beef Market?
- At what rate will the China’s Organic Beef Market grow?
- Who are the top 5 players operating in the market?
- What is the demand outlook forecast for the Organic Beef Market?
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