Organic Beef Market

Global Organic Beef Market Size (2024 to 2029)

Organic Beef Market share value in 2024 was 12.47 billion, and it is expected to grow at a CAGR of 5.93 % to reach USD 16.63 billion by 2029.

Organic beef is beef that is obtained from animals that are not given any kind of antibiotics. These animals do not get any medication like growth hormones. This type of beef, before going to the market, is inspected by a government-approved certifier. This certifier inspects the farm to make sure all rules necessary to meet the expectations. This production of beef comes under organic agriculture. This type of beef is produced from cows that feed on plants and vegetation. During the cultivation of these plants that are fed to cows, there is no usage of compounded fertilizers, pesticides, or growth regulators. As organic beef is obtained from cows, those never given any type of antibiotic and growth hormones decrease the jeopardy of potential public health complications. These animals are never fed any GMO-based plants. This type of beef consists of more essential nutrients and vitamins than conventional beef. This beef is also known as Grass-fed beef.

The increase in the consumption of organic food among the population is one of the major factors driving the organic beef market growth. The increase in the consumption of organic food is due to an increase in awareness among people of the advantages of the consumption of organic beef, as this beef consists of much more amount of essential elements, vitamins, and various minerals. Also, this type of beef is obtained from cattle who have never taken any shots of antibiotics and growth hormones. There are various disadvantages when one consumes beef obtained from cattle that get antibiotic and growth hormone shots. The shift in buying patterns and lifestyles of consumers with health concerns related to the intake of mass-produced food products is increasing the demand for organic beef. This drives the growth of the organic beef market.The increase in consumers' preference for product transparency drives the organic beef market demand. Additionally, the traceability of the product helps the market to grow. This is due to an increase in awareness among the population to eat healthy and organic products. The increase in transparency and traceability helps people to know where the product came from, how it was made, etc. As organic beef is produced without any growth hormones, etc. This increases the demand for organic beef. Additionally, restaurants, quick service restaurants, etc., prefer using organic-based products, including organic beef. The simple and easy marketing strategies of organic beef sale is one of the reasons for increasing the adoption of organic beef in restaurants. As customers also prefer organic food over conventional food, this is helping to increase the demand for organic beef in these restaurants. This helps to drive organic market growth.

The increase in consumption of organically obtained meat and its easy availability is creating opportunities in the organic beef market. This is due to the easy availability of retail chains of organic beef markets. This helps to increase the sales of organic beef. The increase in initiative and support from the government towards organic food products drives market growth. These initiatives help in reducing environmental degradation. For instance, the Canadian government supports the feeding and breeding of livestock through Cattleman's Financial Corporation by providing financial aid because feeding cattle organic food is expensive. Hence these government initiatives are creating new opportunities in the market. Additionally, the increase in the development of retail channels and supply chains in various supermarkets drives market growth. These are the factors that are creating opportunities in the organic beef market.

Global Organic Beef Market Restraints:

Despite the advantages of consumption of organic beef, there is a price restraint that decreases the organic beef market growth. This is due to the high cost associated with the production of organic beef. The lower production-per unit of input decreases the market growth of organic beef. In addition, the labor cost reduces the profit margin for the producers. This type of beef is produced from animals that never consumed conventional animal feed products. Organic plant-based products are high in cost. Hence maintenance and animal husbandry is difficult and requires high cost. Additionally, the government has imposed various strict rules and regulations about the production of organic beef, decreasing the organic beef market growth. Organic food products have to be approved by the government-authorized certifier after the investigation of the industry and the farm. These are the restraining factors in the organic beef market.

Impact of COVID-19 on the Organic Beef Market:

COVID-19 has impacted various Food and beverage industries, including organic beef industries. The government was imposing various rules and lockdowns to avoid the spread of COVID-19. This disrupted supply chain management across the globe in the organic beef market. Additionally, the change in consumers' preferences for the beef market changed. Many consumers were avoiding meat consumption. This is due to the that consumption of meat may increase the risk of COVID-19. Hence many consumers avoided meat consumption. Hence this led to a decrease in demand for the organic beef market. In China, the pandemic severely affected the organic beef market. The lack of imports led to affect many countries' demand for organic beef. Many factories closed due to decreased demand for beef across the globe. These are the factors that affected the organic beef market during the pandemic.

REPORT COVERAGE: 

This research report on the global organic beef market has been segmented and sub-segmented based on type, application, and region. 

Global Organic Beef Market - By Application:

• Foodservice Customers
• Retail and Grocery Store Chains
• Others

The food service customer segment is expected to show its dominance in the organic beef market over the forecasting period. This is due to the increasing number of fast-food chains. The fast-food chain uses organic and grass-fed meat, which fuels the market growth. The increase in demand for organic beef is due to various health benefits associated with the consumption of organic beef. Its strong position among the population in emerging markets helps to drive market growth. Additionally, the increase in organic products' traceability and transparency fuels market growth. Also, the increase in demand is due to an increase in consumers' preference for organic beef instead of conventional beef. This increases the segmental growth in the organic beef market. The retail and grocery store chains are expected to show the fastest CAGR growth over the forecasting period.

Global Organic Beef Market - By Type:

• Fresh Meat
• Processed Meat

Among these, the processed meat segment dominates the organic beef market due to this type of beef offers greater convenience. Additionally, the increase in demand for ready-to-eat products drives market growth. This is due to the increase in urbanization, busy schedules, and hectic lifestyles of working professionals increased the sale of beef. Additionally, the increase in demand for animal-based proteins among the population increases the demand for organic beef. The fresh meat segment is expected to show the fastest CAGR growth over the forecasting period.

Global Organic Beef Market – By Region:

• North America 
• Europe
• Asia-Pacific 
• Latin America 
• Middle East and Africa

Regionally, the North American region dominates the Organic Beef Market. As per Organic Trade Association, the increase in retail sales of organic meat, poultry, and fish among the population has overcome $1 billion. The increase in demand for organic beef is due to the high-quality beef demand in the country. Organic beef is obtained from cattle that never consumed any antibiotics and growth hormones; this increased the demand for organic beef in the country. Even though the price of organic beef is premium, the increase in per capita income has increased consumers' preference for meat obtained organically. As per Canada Organic Trade Association, organic meat and poultry are still the second-most popular product category among Canadian consumers. The increase in consumer preference for organic meat is driving the demand for regional growth in the market.

The European region is expected to have significant growth in the organic beef market over the projected period. This is due to increased demand for organic meat in Germany, including organic beef. Additionally, the increase in organic product transparency and traceability increases the demand in the market. The Asia Pacific region is expected to show the fastest CAGR growth in the organic beef market over the forecasting period. This is due to an increase in demand for organic beef in the countries such as China. The increase in disposal income in China and also import of organic beef is also increased in this country. This increases the demand for organic beef in the region.

KEY MARKET PLAYERS:

Key Market Players of Organic Beef Market are Verde Farms, LLC, Danish Crown, JBS Global, Tyson Foods Inc, OBE Organic, Australian Organic Meats Group Pty Ltd, Meyer Natural Foods, Perdue Farms, Eversfield Organic Ltd, Blackwood Valley Beef.