Skip to main content

New FMI Report Explores Impact of COVID-19 Outbreak on Organic Beef Meat Market

Increasing preference among consumers for organic food and improving availability of organic beef meat through retail chains is impelling the demand
The global organic beef meat market is set to proliferate at a steady 6.7% CAGR during the forecast period (2019-2027), as projected by a new report of Future Market Insights (FMI). The growth is primarily fueled by increasing awareness among consumers regarding the potential negative effects of the antibiotics and chemical additives used in the manufacturing of processed beef meat.
Organic Beef Meat Market: Key Findings
  • The global value of the organic beef meat market is projected to be valued 1.6X the current value by the end of the forecast period.
  • North America will remain the leading regional market for organic beef meat owing to high consumption and awareness.
  • Owing to higher consumption, USA and Canada will account for 2/5th of overall market value
  • The growing trend of organic beef consumption in Eastern Europe will bestow lucrative opportunities for market players.
Organic Beef Meat Market: Key Driving Factors
  • The trend of large retail chains such as Whole Foods pushing the organic agricultural produce across their stores in Europe will increase the availability and give a boost the organic beef meat.
  • Inclination towards organic beef meat as a result of growing awareness among consumers concerning the side effects of processed meat, is propelling the growth.
Organic Beef Meat Market: Key Restraint
  • High price point of organic beef is likely to hinder the sales, thus limiting rapid growth of the market.
Impact of COVID 19 on Organic Beef Market
The outbreak of COVID-19 has led to a significant impact on various internal and internal factors across industries which includes purchasing, selling, exports, value-added services among other key components for businesses. The organic beef industry is one such market that is currently facing a negative impact due to the pandemic. The industry is being indirectly affected on the back of retail stores being closed down and disruption of the supply chain, which is limiting the overall sales. Furthermore, the market is being affected due to distancing practices coupled with hindered import and export of organic beef.
However, the demand for organic beef has been stronger and the economic downturn is hampering the strong grocery sales. On a positive note, despite the decline in sales, the organic beef market is likely to regain the lost ground in the remaining quarters of the year.
Competition Landscape of Organic Beef Market
Some of the key players in the global organic beef landscape that are covered in this study include, but are not limited to, Neat Meat company, organic Prairie, Aurelian organic meat supplier group, Swillington Organic Farm Arcadian Organic Meat Co., River ford organic farmers and Eversfield, among others. The market players are focusing on building a strong brand image to gain a competitive edge.
More About the Report
This Future Market Insights study of 200 pages offers actionable insights on the organic beef market. The market analysis is based on product type (Fresh Meat and Processed Meat), flavor (ground beef, steak beef, chucks, and patty), distribution channel (direct sales, indirect sales, modern trade, convenience stores, online retailers, and independent retailers) across seven major regions (North America, Western Europe, Eastern Europe, Latin America, APEJ, Japan, and Middle East & Africa)
Explore Extensive Coverage of FMI's Food & Beverages Landscape
Custom Dry Ingredients Market- Obtain valuable insights on the custom dry ingredients market with exhaustive segmental analysis, market statistics, key influencing factors, prominent players and critical developmental strategies adopted by them for a predefined projection period.
Beverage Stabilizer Market- FMI's report on the global beverage stabilizer market offers an in-depth commentary on the market poised for prolific growth during 2017-2028. The study covers a comprehensive evaluation of key impacting forces, revenue sources, and market leaders along with instrumental market strategies.
Revivable Yeast Market- Get a deep-dive analysis on the global revivable yeast market with crucial insights on growth levers, opportunities, restraints, regulatory policies, regional market forecast and key forte of market leaders.
Press-Release Source – https://www.accesswire.com/584833/Organic-Beef-Meat-Producers-Discover-Profits-Amid-COVID-19-Pandemic-Ethical-Consumerism-and-Growing-Conscience-to-Drive-Market-Growth-Says-FMI
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
Contact:
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com

Comments

Post a Comment

Popular posts from this blog

Frozen Foods Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2032

 The Frozen Foods Market has experienced a significant transformation in recent years and continues to be a prominent and dynamic segment of the global food industry. As we move into 2033, this market remains a crucial part of modern lifestyles, offering a wide variety of convenient and preserved food options for consumers. The growth of the Frozen Foods Market is fueled by changing consumer preferences, technological innovations, and an ever-increasing demand for convenient, time-saving, and nutritious meal solutions. In 2033, the Frozen Foods Market is expected to continue its upward trajectory, as more consumers seek the benefits of frozen products. This market encompasses an extensive range of items, from frozen vegetables and fruits to ready-to-eat meals, appetizers, and desserts. The versatility and extended shelf life of frozen foods have made them an essential staple in many households. Consumers are drawn to the convenience of having quick, easy-to-prepare, and
Post a Comment
Read more

Automotive Filters Market Share and Growth Factors Impact Analysis 2029

 The global automotive filters market is expected to experience significant growth over the forecast period, due to the increasing demand for advanced automotive systems and the rising demand for fuel-efficient and eco-friendly vehicles. Automotive filters are used to remove contaminants, such as dust, dirt, and debris, from the air, oil, and fuel in a vehicle. The market is segmented based on type, vehicle type, and region. Based on type, the market is divided into air filters, oil filters, fuel filters, and others. The air filter segment is expected to dominate the market, due to the increasing demand for advanced air filtration systems in vehicles. Based on vehicle type, the market is classified into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment is expected to dominate the market, due to the increasing demand for passenger cars and the increasing adoption of advanced filtration systems in passenger cars. Geographi
Post a Comment
Read more

Iris Biometrics Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2032

 The Iris Biometrics Market stands as a testament to the ever-evolving landscape of biometric technology, offering a unique and highly secure method of identity verification and authentication. The iris, with its intricate and individualistic patterns, has captured the attention of both security experts and technology developers as a reliable means of confirming one's identity. This market has gained prominence across various industries, ranging from border control and law enforcement to access control systems in government institutions, corporate offices, and even consumer devices. The market's growth is fueled by the increasing need for robust identity verification solutions in a world where security breaches and identity theft are becoming more prevalent. Unlike traditional authentication methods such as passwords and PINs, iris biometrics offer a high level of security and accuracy, as the iris pattern is virtually impossible to replicate. The technology prov
Post a Comment
Read more