Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 11 Billion | USD 23 Billion | 8.54% | 2023 |
The global organic beef meat market size was evaluated at $11 billion in 2023 and is slated to hit $23 billion by the end of 2032 with a CAGR of nearly 8.54% between 2024 and 2032.
Organic beef meat is classified under organic agriculture and organic farming domains. In addition to this, organic beef meat is obtained by providing a plant-based diet to cows instead of feeding them with fertilizers or growth regulators. Reportedly, organic beef meat production minimizes complications of
public health owing to the use of antibiotics, genetically modified organic foods, and hormones. Additionally, the growing demand of consumers for good meat quality is likely to culminate into a rise in the intake of organic beef meat.
A rise in the customer inclination towards the consumption of organic diets is projected to embellish the global market surge by 2032
Surging consumer awareness about organic foods due to health benefits accrued due to their intake will drive the global organic beef meat market trends. As organic beef meat does not contain any additives or growth hormones, it offers optimum nutrients thereby leading to its massive demand. Easy access to the product in retail stores and supermarkets as well as online stores is expected to accelerate the global market growth.
New product launches are predicted to make notable contributions towards the growth of the market globally. For instance, in October 2021, RaiseAmericans, a firm using regenerative farming methods & providing transparency in supply chain activities, introduced a new beef product that received USDA certification for organic beef.
Escalating product prices can deter the growth of the industry across the globe
High product costs and a ban on the sale of beef in countries such as India are predicted to impede the expansion of the organic beef meat industry globally. Furthermore, shifting preferences of consumers towards vegan as well as vegetarian diets can further decimate the expansion of the market globally.
Rise is the need for enhancing the quality of meat products to open a pandora of growth opportunities for the global market
Surging health awareness among customers along with a growing focus on improving meat quality has opened new growth avenues for the global organic beef meat market.
High costs of acquiring organic food certification from authorities can impede the global industry surge over 2024-2032
Rearing of cows as per the organic guidelines of the food authorities such as the U.S. FDA results in a rise in the overhead costs, thereby curtailing the expansion of the global organic beef meat industry. In addition to this, acquiring certification for organic animal food farming is cumbersome and costly, thereby leading to a decline in the size of the global industry.
The global organic beef meat market is sectored into type, sales, and region.
In terms of type, the organic beef meat market across the globe is segregated into fresh meat and processed meat segments. Furthermore, the fresh meat segment, which acquired about 55% of the global market profits in 2023, is expected to record the fastest CAGR during the period from 2024 to 2032. Moreover, the segmental surge in the coming eight years can be due to ability of the processed meat to offer huge convenience to the producers as well as the consumers.
Based on the sales, the global organic beef meat industry is divided into direct sales and indirect sales segments. Moreover, the direct sales segment, which led the sales segment in 2023, is predicted to dominate the segmental expansion in the coming eight years. The growth of the segment in the upcoming years can be due to an increase in the direct sale of organic beef meat to consumers from various butcher shops.
Report Attributes | Report Details |
---|---|
Report Name | Organic Beef Meat Market |
Market Size in 2023 | USD 11 Billion |
Market Forecast in 2032 | USD 23 Billion |
Growth Rate | CAGR of 8.54% |
Number of Pages | 218 |
Key Companies Covered | Blackwood Valley Beef, JBS Global, Danish Crown, Meyer Natural Foods, Perdue Farms, OBE Organic, Tyson Foods Inc., Australian Organic Meats Group Pvt. Ltd., Arcadian Organic & Natural Meat Co. Pvt. Ltd. Eversfield Organic Ltd., Verde Farms LLC., and others. |
Segments Covered | By Type, By Sales, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is expected to dominate the global organic beef meat market growth over the period from 2024 to 2032
North America, which accounted for nearly 55% of the global organic beef meat market share in 2022, will be the leading region in the coming seven years. Moreover, the regional market expansion over the forecast timespan can be credited to a rise in organic beef meat production in countries such as the U.S. In addition to this, growing awareness about the health benefits offered by the product is likely to sketch a profitable growth map for the market in the region. Apart from this, the presence of key players in the sub-continent is likely to steer the growth of the market in North America.
Asia-Pacific organic beef meat industry is expected to record the fastest cumulative annual growth rate in the forecasting timespan. The growth of the industry in the sub-continent in the next couple of years can be due to the changing food habits of the youth population in countries such as China, Australia, and Bangladesh. In addition to this, a rise in the purchasing capacity of the consumers in these countries will proliferate the size of the industry in the APAC region.
The global organic beef meat market profiles key players such as:
The major tactics implemented by these leading companies in the market are mergers & acquisitions, new product launches, and collaborations. These companies are focusing more on investment in innovations, expansions, and partnerships to increase their market share.
By Type
By Sales
FrequentlyAsked Questions
Organic beef meat is classified under organic agriculture and organic farming domains. In addition to this, organic beef meat is obtained by providing plant-based diet to cows instead of feeding them with fertilizers or growth regulators.
The global organic beef meat market growth over forecast period can be owing to easy access to the product in retail stores and supermarkets as well as online stores.
According to a study, the global organic beef meat industry size was $11 billion in 2023 and is projected to reach $23 billion by the end of 2032.
The global organic beef meat market is anticipated to record a CAGR of nearly 8.54% from 2024 to 2032.
Asia-Pacific is set to dominate the global organic beef meat industry over the forecasting years owing to changing food habits of youth population in the countries such as China, Australia, and Bangladesh. In addition to this, rise in the purchasing capacity of the consumers in these countries will proliferate the size of the industry in the APAC region.
The global organic beef meat market is led by players such as Blackwood Valley Beef, JBS Global, Danish Crown, Meyer Natural Foods, Perdue Farms, OBE Organic, Tyson Foods Inc., Australian Organic Meats Group Pvt. Ltd., Arcadian Organic & Natural Meat Co. Pvt. Ltd. Eversfield Organic Ltd., and Verde Farms, LLC.
The global organic beef meat market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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