Dublin, June 29, 2023 (GLOBE NEWSWIRE) -- The "Antibiotic Free Meat Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global antibiotic free meat market is expected to grow from $139.38 billion in 2022 to $153.34 billion in 2023 at a compound annual growth rate (CAGR) of 10%.
The antibiotic free meat market is expected to reach $216.80 billion in 2027 at a CAGR of 9%.
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.
In June 2022, Atlas Industries Holdings LLC, a US-based holding company, acquired Foster Farms for an undisclosed amount. Through this acquisition, Atlas Industries centered on community involvement, high product quality, customer service and animal welfare. Foster Farms is a US-based poultry company producing organic and antibiotic-free poultry.
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.
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.
Asia-Pacific was the largest region in the antibiotic free meat market in 2022. The regions covered in the antibiotic-free meat report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and 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.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 250 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $153.34 billion |
| Forecasted Market Value (USD) by 2027 | $216.8 billion |
| Compound Annual Growth Rate | 9.0% |
| Regions Covered | Global |
Key Topics Covered:
Antibiotic Free Meat Market Characteristics
Antibiotic Free Meat Market Trends And Strategies
Antibiotic Free Meat Market - Macro Economic Scenario
- COVID-19 Impact On Antibiotic Free Meat Market
- Ukraine-Russia War Impact On Antibiotic Free Meat Market
- Impact Of High Inflation On Antibiotic Free Meat Market
Antibiotic Free Meat Market Size And Growth
- Global Antibiotic Free Meat Historic Market, 2017-2022, $ Billion
- Global Antibiotic Free Meat Forecast Market, 2022-2027F, 2032F, $ Billion
Antibiotic Free Meat Market Segmentation
- Global Antibiotic Free Meat Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Bovine Antibiotic-Free Meat
- Swine Antibiotic-Free Meat
- Poultry Antibiotic-Free Meat
- Ovine Antibiotic-Free Meat
- Global Antibiotic Free Meat Market, Segmentation By Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Fresh Antibiotic-Free Meat
- Processed Antibiotic-Free Meat
- Global Antibiotic Free Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Business To Business
- Business To Consumer
- Global Antibiotic Free Meat Market, Segmentation By End-Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Household
- Foodservice
- Food Processing
Antibiotic Free Meat Market Regional And Country Analysis
- Global Antibiotic Free Meat Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Global Antibiotic Free Meat Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Asia-Pacific Antibiotic Free Meat Market
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- Asia-Pacific Antibiotic Free Meat Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Asia-Pacific Antibiotic Free Meat Market, Segmentation By End-Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Antibiotic Free Meat Market Competitive Landscape And Company Profiles
- Cargill Incorporated
- Tyson Foods Inc
- Hormel Foods Corporation
- Perdue Farms Inc
- Meyer Natural Angus LLC
- Saffron Road Foods
- MamaMancini's Holdings Corporation
- Ranch Foods Direct
- White Oak Pastures
- American Foods Group LLC
- Koch Foods
- Smithfield Foods Inc
- Wayne Farms
- Nema Halal
- Zorabian Foods
Key Mergers And Acquisitions In The Antibiotic Free Meat Market
Antibiotic Free Meat Market Future Outlook and Potential Analysis
For more information about this report visit https://www.researchandmarkets.com/r/vw3891
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