PUBLISHER: The Business Research Company | PRODUCT CODE: 1425229
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425229
Antibiotic Free Meat Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on antibiotic free meat market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for antibiotic free meat? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The antibiotic free meat market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Antibiotic-free meat is meat that is devoid of antibiotics and is administered only during breeding to address animal illnesses. This type of meat is produced through the practice of raising animals without the use of antibiotics.
The primary categories of antibiotic-free meat products include bovine antibiotic-free meat, swine antibiotic-free meat, poultry antibiotic-free meat, and ovine antibiotic-free meat. Bovine antibiotic-free meat specifically refers to meat sourced from cattle and water buffalo that has not been treated with antibiotics and hormones. It is available in various forms, including fresh antibiotic-free meat and processed antibiotic-free meat, and is distributed through channels such as business-to-business and business-to-consumer. Consumers from households, as well as those in the food service and food processing sectors, utilize these products.
The antibiotic-free meat market research report is one of a series of new reports from The Business Research Company that provides antibiotic-free meat market statistics, including antibiotic-free meat industry global market size, regional shares, competitors with an antibiotic-free meat market share, detailed antibiotic-free meat market segments, market trends, and opportunities, and any further data you may need to thrive in the antibiotic-free meat industry. This antibiotic-free meat market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The antibiotic free meat market size has grown strongly in recent years. It will grow from $152.37 billion in 2023 to $167.39 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth observed in the historical period can be attributed to several factors, including increasing health concerns and heightened consumer awareness. Regulatory changes and antibiotic use regulations have played a significant role, as there is a growing awareness and concern about antibiotic resistance. Additionally, a notable shift in consumer preferences and demand, coupled with advancements in livestock production practices, has contributed to the overall growth during this historic period.
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 anticipated growth in the forecast period can be attributed to several factors, including the implementation of stringent regulations and government policies. There is a rising consumer demand for healthier options, driving the growth of this market. The expansion of sustainable and ethical farming practices, coupled with initiatives from retailers and the food industry, is also contributing to this positive outlook. Moreover, global health and food safety concerns are playing a significant role in shaping the growth trajectory. Key trends expected in the forecast period include increased collaboration across the food supply chain, innovations in alternative health solutions for livestock, a notable shift towards sustainable agriculture practices, and a heightened emphasis on animal welfare and ethical farming practices. These trends collectively contribute to the dynamic landscape and potential growth in the industry.
The increasing consumer demand for healthier and premium-quality meat products is set to drive the growth of the antibiotic-free meat market. Healthy and premium-quality meat pertains to meat products enriched with high-quality nutrients and is witnessing a surge in demand, particularly evident during the COVID-19 pandemic, where frozen meats saw an 11.5% rise in premiumization in price and volume change, according to Progressive Grocer in 2022. Redefine Meat Ltd. reported global meat consumption of 340 metric tons in 2020, with expectations to exceed 460-570 metric tons by 2025, further fueling the demand for healthier meat options.
The rise of e-commerce platforms is anticipated to significantly contribute to the expansion of the antibiotic-free meat market. E-commerce, involving online retail and transactions conducted over the internet, has become a hub for health-conscious consumers seeking responsibly sourced and sustainable food options, including antibiotic-free meat. In August 2023, The Census reported that US retail e-commerce sales reached $277.6 billion in the second quarter of 2023, signifying a 2.1% increase from the previous quarter. This surge in online sales underscores the growing traction of antibiotic-free meat in the digital marketplace.
Research and development initiatives are emerging as a prominent trend in the antibiotic-free meat market, with major industry players focusing on technological advancements and process innovations to diversify their product offerings. For example, in June 2022, The Cheesecake Factory expanded its utilization of 'No Antibiotics Ever' meat to encompass beef and pork, demonstrating a commitment to antibiotic-free sourcing. Similarly, Wendy's revised its antibiotic use policy in June 2021, pledging to eliminate the regular use of medically essential antibiotics in its beef, pork, and poultry supply chains in the United States and Canada by 2030, reflecting a significant shift toward antibiotic-free practices.
Major corporations within the antibiotic-free meat market are directing increased investments towards the production of fresh meat items free from preservatives and antibiotic residues. For example, in February 2023, FreshToHome, an India-based direct-to-consumer (d2c) meat delivery brand, secured $104 million in Series D funding led by Amazon Smbhav Venture Fund. This funding infusion is aimed at advancing FreshToHome's commitment to offering 100% preservative and antibiotic-residue-free fresh fish, seafood, and meat, ensuring accessibility and affordability for a wider consumer base. The company has established a reputation for pioneering high-quality, sustainable, and antibiotic-free meat products, catering to the preferences of health-conscious consumers.
In June 2022, Atlas Industries Holdings LLC, a US-based holding company, completed the acquisition of Foster Farms for an undisclosed amount. This strategic move by Atlas Industries places a central emphasis on community involvement, maintaining high product quality, prioritizing customer service, and ensuring animal welfare. Foster Farms, a renowned US-based poultry producer specializing in organic and antibiotic-free poultry, aligns with this vision of quality and commitment to antibiotic-free practices in its product offerings.
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
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.
The countries covered in the antibiotic free meat market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The antibiotic-free meat market consists of sales of turkey antibiotic-free meat and frozen antibiotic-free meat. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.