Consumption of Lamb Grassfed Meat will Grow at a CAGR of 5.0% Considering the Impact of Covid-19 Outbreak
Consumption of Lamb Grassfed Meat will Grow at a CAGR of 5.0% Considering the Impact of Covid-19 Outbreak
Published by top news
Posted on August 2, 2021
Asia has been a profitable hub for interested meat traders to export livestock until a sudden fall in demand was experienced in quarter one and two of 2020,with the emergence of COVID-19 pandemic. This has majorly affected meat trade from China, where large scale lockdowns in agricultural enterprises have led to an acute shortage of livestock owing to supply chain disruptions. In Europe, the decision to suspend livestock trading was taken due to risk of infections. Forecasted global growth will be cut down to nearly 1.5% in 2020 owing to the fall in consumer demand.
Surge in Demand for Grassfed Meat through Retail Sales is anticipated to Grow
The grassfed meat market has witnessed a skyrocketing growth owing to the evolving tastes of health conscious meat consumers who prefer quality. This rising demand has encouraged producers as well as distributors of meat to offer grassfed meat products to capture a potentially growing market share.Supermarkets and hypermarkets are presently contributing to nearly 1/2 of the overall retail store supplies, owing to a shift in demand from conventional meat variants to organic and natural meat products. However, online stores are expected to grow at a CAGR of 5.0% during the forecasted period owing to shifting dynamics in buying behavior of the customers. Moreover, in regions like North America and Europe the demand for grass-fed meat will grow at nearly the same rate as the global average.
Key Takeaways of Grass-Feed Meat Market
Direct sales are expected to retain their dominance over retail sales channels. The former’s market share is expected to grow by 5.5% largely on account of asurge in demand from food processing and HoReCa sectors.
Latin America holds nearly 2/5th of the total grass-feed meat consumption. However Asia Pacific will grow at CAGR of nearly 6.0% which is higher than the overall global average.
China’s demand for grass feed meat is expected grow by 2X during the forecast period, owing to the current ban imposed on eating wild animals due to outbreak of covid-19.
Consumption of lamb and goat will grow at a CAGR of 5.0% considering the impact of covid-19 outbreak which will affect the trade of live-stock.
United States expenditure on processed meat will grow at a CAGR of 4.0%, owing to the rising demand from its demographic. Along with this, food processing companies will see a rise in demand for processed meat with a CAGR of nearly 5.0%in global market.
For clearer understanding of the Grassfed Meat Market, analysts have segmented the market. The segmentation has been done on the basis of application, technology, and users. Each segment has been further explained with the help of graphs figures. This breakdown of the market gives the readers an objective view of the global Grassfed Meat Market, which is essential to make sound investments.
Product Type
Raw Meat
Processed Meat
Fresh Processed
Cured Meat
Roasted and Precooked
Dried
Nature
Grassfed
Grass
finished
Animal Type
Cow and Bison
Lamb and Goat
End User
HoReCa
Food Processing
House Hold
By Sales Channel
Direct Sales
Retail Sales
Hypermarket and Supermarket
Online Retail
Meat Stores
Other Retail Channels
Following Questions Answers Covered in the Report are:
How will the global Grassfed Meat Market perform during the forecast period? What will be the market size in terms of value and volume?
Which segment will drive the global Grassfed Meat Market? Which regional market will show extensive growth in the future? What are the reasons?
How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
What are the key strategies adopted by players to sustain themselves in the global Grassfed Meat Market?
How will these strategies influence the market growth and competition?
Players look to Obviate Supply Chain Disruptions amid COVID-19 Pandemic
Earlier the players were developing technologies due to high concern for meat quality. However, during the last five years new players have fragmented the market of grassfed meat by introducing technologies like block chain to maintain their supply channel and to reduce cost. One of the existing key players JBS USA, has adopted block chain to trace their meat through RFID and QR codes.These technologies have shown that now the market is not limited just to quality. Reducing cost by adopting new technologies is of significant priority.
Find More Valuable Insights on Global Grassfed Meat Market
Fact.MR, in its new offering, provides an unbiased analysis of the global market for grassfed meat market, with historical data on demand (2015-2020) and expected projections for the period (2020-2030). The grass-fed meat market report discloses compelling insights into the demand for grassfed meat based on product type i.e. (raw and processed), nature (grassfed and grass finished), animal type (cow & bison and lamb & sheep),end user (HoReCa, food processing and household consumption) and by sales channel (direct sales and indirect sales) across 7 key regions and 22 + countries.
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Asia has been a profitable hub for interested meat traders to export livestock until a sudden fall in demand was experienced in quarter one and two of 2020,with the emergence of COVID-19 pandemic. This has majorly affected meat trade from China, where large scale lockdowns in agricultural enterprises have led to an acute shortage of livestock owing to supply chain disruptions. In Europe, the decision to suspend livestock trading was taken due to risk of infections. Forecasted global growth will be cut down to nearly 1.5% in 2020 owing to the fall in consumer demand.
Surge in Demand for Grassfed Meat through Retail Sales is anticipated to Grow
The grassfed meat market has witnessed a skyrocketing growth owing to the evolving tastes of health conscious meat consumers who prefer quality. This rising demand has encouraged producers as well as distributors of meat to offer grassfed meat products to capture a potentially growing market share.Supermarkets and hypermarkets are presently contributing to nearly 1/2 of the overall retail store supplies, owing to a shift in demand from conventional meat variants to organic and natural meat products. However, online stores are expected to grow at a CAGR of 5.0% during the forecasted period owing to shifting dynamics in buying behavior of the customers. Moreover, in regions like North America and Europe the demand for grass-fed meat will grow at nearly the same rate as the global average.
Key Takeaways of Grass-Feed Meat Market
Direct sales are expected to retain their dominance over retail sales channels. The former’s market share is expected to grow by 5.5% largely on account of asurge in demand from food processing and HoReCa sectors.
Latin America holds nearly 2/5th of the total grass-feed meat consumption. However Asia Pacific will grow at CAGR of nearly 6.0% which is higher than the overall global average.
China’s demand for grass feed meat is expected grow by 2X during the forecast period, owing to the current ban imposed on eating wild animals due to outbreak of covid-19.
Consumption of lamb and goat will grow at a CAGR of 5.0% considering the impact of covid-19 outbreak which will affect the trade of live-stock.
United States expenditure on processed meat will grow at a CAGR of 4.0%, owing to the rising demand from its demographic. Along with this, food processing companies will see a rise in demand for processed meat with a CAGR of nearly 5.0%in global market.
For clearer understanding of the Grassfed Meat Market, analysts have segmented the market. The segmentation has been done on the basis of application, technology, and users. Each segment has been further explained with the help of graphs figures. This breakdown of the market gives the readers an objective view of the global Grassfed Meat Market, which is essential to make sound investments.
Product Type
Raw Meat
Processed Meat
Fresh Processed
Cured Meat
Roasted and Precooked
Dried
Nature
Grassfed
Grass
finished
Animal Type
Cow and Bison
Lamb and Goat
End User
HoReCa
Food Processing
House Hold
By Sales Channel
Direct Sales
Retail Sales
Hypermarket and Supermarket
Online Retail
Meat Stores
Other Retail Channels
Following Questions Answers Covered in the Report are:
How will the global Grassfed Meat Market perform during the forecast period? What will be the market size in terms of value and volume?
Which segment will drive the global Grassfed Meat Market? Which regional market will show extensive growth in the future? What are the reasons?
How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
What are the key strategies adopted by players to sustain themselves in the global Grassfed Meat Market?
How will these strategies influence the market growth and competition?
Players look to Obviate Supply Chain Disruptions amid COVID-19 Pandemic
Earlier the players were developing technologies due to high concern for meat quality. However, during the last five years new players have fragmented the market of grassfed meat by introducing technologies like block chain to maintain their supply channel and to reduce cost. One of the existing key players JBS USA, has adopted block chain to trace their meat through RFID and QR codes.These technologies have shown that now the market is not limited just to quality. Reducing cost by adopting new technologies is of significant priority.
Find More Valuable Insights on Global Grassfed Meat Market
Fact.MR, in its new offering, provides an unbiased analysis of the global market for grassfed meat market, with historical data on demand (2015-2020) and expected projections for the period (2020-2030). The grass-fed meat market report discloses compelling insights into the demand for grassfed meat based on product type i.e. (raw and processed), nature (grassfed and grass finished), animal type (cow & bison and lamb & sheep),end user (HoReCa, food processing and household consumption) and by sales channel (direct sales and indirect sales) across 7 key regions and 22 + countries.
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office: 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583