Global organic beef meat market to rise at a 6.4% CAGR between 2017 and 2027
Analysts at Future Market Insights have observed a significant rise in demand for process organic beef meat and expect the global sales to increase accounting for more than 75% revenue share from the whole organic beef market.
“ The processed meat segment is estimated to be valued at about US$ 6,700 Mn by 2017 end and is expected to increase at a CAGR of 6.7% over the forecast period. The segment is expected to be valued at more than US$ 12 Bn by the end of 2027, creating an absolute $ opportunity of more than US$ 350 Mn in 2017 over 2016 and an incremental $ opportunity of more than US$ 6,000 Mn between 2017 and 2027,” the Future Market Insights statement read.
On the other hand, by the end of 2017, the fresh organic beef meat will report sales estimated at just over 2.1 billion dollars.
The dominant regions for organic beef consumption, the report says, will be North America and Western Europe, due to the fact that consumers in these areas are more health conscious which will lead to a high demand for organic food and beverages.
Furthermore, the report expects that between 2017 and 2027 companies such as Tyson Foods, JBS Global, Danish crown and others will be the main players in the organic beef markets, while regional players and local players will account for a market share of 30%-35% and 20%-25% respectively. “These players largely operate in the U.S., U.K. and Australia markets and their major target audience includes consumers seeking organic processed meat.”
The multinational producers will account for a share of nearly 40-45% of the global market for organic beef and will also be the price regulators at a global level.
The analysts say that Latin America, Brazil, and Argentina are the leading countries in the production of organic beef due to the availability of natural resources. “For instance, in 2017, according to the report published by the Research Institute of Organic Agriculture (FiBL) and International Federation of Organic Agriculture Movements (IFOAM) – both non-profit organizations – over 70% of the total organic agricultural land in Latin America constitutes permanent pasture land,” the report says.
The report also presents key players partaking in the global organic beef meat market, which include JBS Global, Danish Crown, Tyson Foods Inc., Meyer Natural Foods, Perdue Farms, OBE Organic, Australian Organic Meats Group Pty Ltd., Eversfield Organic Ltd., Verde Farms, LLC, Blackwood Valley Beef, Arcadian Organic & Natural Meat CO Pty Ltd.
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