The antibiotic free meat global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Antibiotic Free Meat Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The antibiotic free meat market size has grown strongly in recent years. It will grow from <b>$152.37 billion in 2023 to $167.39 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to rising health concerns and consumer awareness, regulatory changes and antibiotic use regulations, growing concerns about antibiotic resistance, shift in consumer preferences and demand, advancements in livestock production practices.
The antibiotic free meat market size is expected to see strong growth in the next few years. It will grow to $241.57 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to stringent regulations and government policies, increasing consumer demand for healthier options, expansion of sustainable and ethical farming practices, retailer and food industry initiatives, global health and food safety concerns. Major trends in the forecast period include collaboration across the food supply chain, innovation in alternative health solutions for livestoc, shift towards sustainable agriculture, emphasis on animal welfare and ethical farming practices.
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Scope Of Antibiotic Free Meat Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Antibiotic Free Meat Market Overview
Market Drivers –
The increasing demand for healthy and premium-quality meat is expected to propel the growth of the antibiotic-free meat market going forward. Healthy and premium quality meat refers to a class of meat that contains high-quality ingredients enriched with nutrients. For instance, in 2022, according to Progressive Grocer, a US-based magazine for the food retail industry, since the start of the COVID-19 pandemic, frozen meats have experienced an 11.5% increase in premiumization (move towards more expensive premium products) in total price/volume change. Additionally, Redefine Meat Ltd., an Israel-based food company that manufactures packaged food products, global meat consumption in 2020 was 340 metric tonnes and it is expected to surpass 460-570 metric tons by the year 2025. Therefore, the growing demand for healthy and premium-quality meat will drive the growth of the antibiotic-free meat market.
Market Trends –
New research and development activities are a key trend gaining popularity in the antibiotic-free meat market. Major companies operating in the antibiotic-free market are making new developments in technology and processes to expand their product portfolio. For instance, in June 2022, The Cheesecake Factory, a US-based restaurant chain, and cheesecake distributor will expand its use of “No Antibiotics Ever” meat to beef and pork. Furthermore, in June 2021, Wendy’s, an American holding company for the large fast-food chain, amended its antibiotic use policy, committing to eliminating all regular use of medically essential antibiotics in its beef, pork, and poultry supply chains in the United States and Canada by 2030.
The antibiotic free meat market covered in this report is segmented –
1) By Product: Bovine Antibiotic-Free Meat, Swine Antibiotic-Free Meat, Poultry Antibiotic-Free Meat, Ovine Antibiotic-Free Meat
2) By Form: Fresh Antibiotic-Free Meat, Processed Antibiotic-Free Meat
3) By Distribution Channel: Business To Business, Business To Consumer
4) By End-Users: Household, Foodservice, Food Processing
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Regional Insights –
Asia-Pacific was the largest region in the antibiotic-free meat market share in 2023. The regions covered in the antibiotic free meat market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the antibiotic free meat market report are Cargill Incorporated, Tyson Foods Inc., Hormel Foods Corporation, Perdue Farms Incorporated, Meyer Natural Angus LLC, Saffron Road Foods Inc., MamaMancini’s Holdings Corporation, Ranch Foods Direct LLC, White Oak Pastures Inc., American Foods Group LLC, Koch Foods Inc., Smithfield Foods Inc., Wayne Farms Inc., Nema Halal Foods Inc., Zorabian Foods Inc., Sanderson Farms Inc., Pilgrim’s Pride Corporation, Foster Farms LLC, Bell & Evans Inc., Applegate Farms LLC, Mary’s Free Range Chicken Inc., Plainville Farms, Coleman Natural Foods, Niman Ranch Inc., Springer Mountain Farms, Applegate Natural & Organic Meats Inc., Nature’s Best Ltd., Laura’s Lean Beef, Gunthorp Farms, Applegate Natural & Organic Meats, D’Artagnan LLC, Tendergrass Farms LLC, Pasturebird Inc., Joyce Farms Inc., Kadejan LLC
Table of Contents
1. Executive Summary
2. Antibiotic Free Meat Market Characteristics
3. Antibiotic Free Meat Market Trends And Strategies
4. Antibiotic Free Meat Market – Macro Economic Scenario
5. Global Antibiotic Free Meat Market Size and Growth
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31. Global Antibiotic Free Meat Market Competitive Benchmarking
32. Global Antibiotic Free Meat Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Antibiotic Free Meat Market
34. Antibiotic Free Meat Market Future Outlook and Potential Analysis
35. Appendix
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