Grass-fed Meat Sales to Surge by 1.6x as Organic Food Consumption Picks up the Pace – Fact.MR Report
Low Fat, Omega-3 Fatty Acid Content, Vitamins, Minerals & More: Grass-fed Meat’s Miraculous Boons for Health to Drive Demand Past US$ 22 Billion in 2033
Rockville, Jan. 19, 2023 (GLOBE NEWSWIRE) — The global grass-fed meat market is expected to reach US$ 13 billion in 2023, registering growth at 5.4% CAGR from 2023 to 2033. Sales in the market are likely to surpass US$ 22 billion in 2033 on the back of rising consumption of organic food products.
Growing awareness of the health benefits of eating grassfed meat is a global trend as players continue to encourage organic food consumption. Grassfed meat is naturally low in fat and high in omega-3 fatty acids, conjugated linoleic acid, vitamins, and minerals. Eating grassfed meat is known for facilitating optimal heart and brain functionality, increased muscle mass, and improved immunity.
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Report Attributes
| Details |
| Historical Data | 2023 – 2032 |
| Value Projection (2032) | US$ 22 Billion |
| Growth Rate (2022-2032) | 5.4% CAGR |
| No. of Pages | 170 pages |
| No. of Tables | 120 Tables |
| No. of Figures | 40 Figures |
Key Takeaways:
- North America is currently estimated to have a 40% share in the global grassfed meat market.
- Germany is projected to hold a significant share in Europe grassfed meat market.
- Japan is anticipated to account a sizeable market share between 2023 and 2033.
- Based on product, nearly 60% of the grassfed meat market is dominated by processed meat.
- By sales channel, the global market share of hypermarkets and supermarkets is poised to be around 40% from 2023 to 2033.
Growth Drivers:
- Growing use of grassfed meat to produce a variety of frozen and ready-to-eat food to spur demand.
- Increasing demand for eco-friendly and sustainable meat products is anticipated to increase the sales of grassfed meat.
- Sales of grass-fed beef are projected to experience a significant uptick due to the increasing availability of gourmet meat products as a healthy alternative to their conventional counterparts.
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Competitive Landscape:
To create better replacements for the chemicals used to preserve meat, numerous players are investing in significant research & development efforts. There is also an increase in the desire for organic processed meat free from chemicals and antibiotics. To ensure the authenticity of the products, these companies are now utilizing meat from farms that have organic certifications. To support industry growth, they are replacing artificial preservatives with organic ones.
For instance,
- In November 2022, one of the most promising grassfed beef companies in the world, Grass Fed Foods LLC, was formed as a result of Sunrise Strategic Partners’ disclosure that Teton Waters Ranch and SunFed Ranch had merged.
- In October 2021, GORON, NEBRASKA, an American, grassfed, USDA-certified organic beef brand with flexitarian options announced that it would be entering the meat market.
Key Companies Profiled by Fact.MR
- ANZCO Foods Ltd.
- Morris Grassfed
- Top Grass Cattle Co.
- OBE Organic
- Strauss Brands
- Tyson Foods
- Hormel Foods Corporation
- Cargill, Inc.
- Conagra Brands, Inc.
- Creekstone Farms Premium Beef, LLC
- Sysco Corporation
In its latest study, Fact.MR offers a detailed analysis on the global grassfed meat market from 2023 to 2033. This report unveils key factors such as opportunities, challenges, and recent developments propelling expansion of the market across various segments such as product, animal type, nature, end use, sales channel, and region.
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More Valuable Insights on Grassfed Meat Market
In the latest study, Fact.MR offers a detailed study on global grassfed meat market from 2023 to 2033. This study also highlights key drivers promoting the sales of grassfed meat through detailed segmentation as follows:
By Product:
- Raw Meat
- Processed Meat
- Fresh Processed
- Cured Meat
- Roasted and Precooked
- Dried
By Animal Type:
- Cow
- Bison
- Lamb
- Goat
By Nature:
- Organic
- Conventional
By End Use:
- HoReCa (Hotel, Restaurants, and Cafes)
- Food Processing
- Household
By Sales Channel:
- Convenience Stores
- Hypermarkets/Supermarkets
- Online Retail Stores
- Meat Stores
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Questions Covered in the Grassfed Meat Market Report
- What is the projected value of the grassfed meat market in 2023?
- At what rate will the global grassfed meat market grow until 2033?
- Which are the factors hampering the growth in the grassfed meat market?
- Which region is expected to lead in the global grassfed meat market during 2023-2033?
- Which are the factors driving the grassfed meat market during the forecast period?
- What is the expected market value of the grassfed meat market during the forecast period?
Explore Fact.MR’s Coverage on the Food & Beverages Domain
Frozen Meat Market: Fact.MR, a market research and competitive intelligence provider, reveals that frozen meat products hold 32.5% share in the global frozen food market, and are expected to witness a prominent CAGR of 6.5% to reach a valuation of US$ 61.5 Bn by 2031.
Meatless Meat Market: Positive inclination toward social media and information technology has increased consumers’ understanding of how meat consumption affects the environment. Expanding knowledge of the connection between eating meat and non-communicable illnesses is set to propel the global meatless meat market.
Processed Meat Market: From 2023 to 2033, worldwide processed meat consumption is forecasted to increase at a steady 4.5% CAGR. Presently, the global processed meat market accounts for a value of US$ 335 billion and is estimated to attain a revenue valuation of US$ 519.8 billion by 2033-end.
Meat Substitute Market: The global meat substitute market reached a total valuation of US$ 13 billion in 2022, and is expected to reach around US$ 235 billion in 2032. The meat substitute market set to expand at an astronomical 33.6% CAGR between 2022 and 2032.
Specialty Meat Ingredients Market: Newly released data from Fact.MR shows that global demand of the overall specialty meat ingredients is slated to reach a value of US$ 5.2 Bn, projected to increase 1.6x by 2031. The market is experiencing significant growth in demand for vegan and processed meat products.
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