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Antibiotic Free Meat Market 2024 Industry Insights, Business Growth, Trends And Forecast To 2033
Antibiotic Free Meat Market
As per the report, 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 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%.
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Increasing Demand For Premium And Healthy Meat Boosts Antibiotic-Free Meat Market
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.
Research And Development In The Antibiotic-Free Meat Market
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.
The antibiotic free meat market covered in this report is segmented -
1) By Product: Bovine Antibiotic-Free Meat, Swine Antibiotic-Free Meat, Poultry Antibiotic-Free Meat, Ovine Antibiotic-Free Meat
2) By Form: Fresh Antibiotic-Free Meat, Processed Antibiotic-Free Meat
3) By Distribution Channel: Business To Business, Business To Consumer
4) By End-Users: Household, Foodservice, Food Processing
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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
Contents of the report:
1. Executive Summary
2. Antibiotic Free Meat Market Report Structure
3. Antibiotic Free Meat Market Trends And Strategies
4. Antibiotic Free Meat Market - Macro Economic Scenario
5. Antibiotic Free Meat Market Size And Growth
…..
27. Antibiotic Free Meat Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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