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Antibiotic Free Meat Market Size, Regional Overview, Competitive Landscape, Business Growth, Share Analysis And Forecast To 2033

11-14-2024 12:00 PM CET | Health & Medicine

Press release from: The Business Research Company

Antibiotic Free Meat Market Size

Antibiotic Free Meat Market Size

"The Business Research Company recently released a comprehensive report on the Global Antibiotic Free Meat Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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 growth in the historic period can be attributed to rising health concerns and consumer awareness, regulatory changes and antibiotic use regulations, growing concerns about antibiotic resistance, shift in consumer preferences and demand, advancements in livestock production practices.

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%. The growth in the forecast period can be attributed to stringent regulations and government policies, increasing consumer demand for healthier options, expansion of sustainable and ethical farming practices, retailer and food industry initiatives, global health and food safety concerns. Major trends in the forecast period include collaboration across the food supply chain, innovation in alternative health solutions for livestoc, shift towards sustainable agriculture, emphasis on animal welfare and ethical farming practices.

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Market Drivers and Trends:

The rise of e-commerce is expected to propel the growth of the antibiotic-free meat market going forward. E-commerce refers to the buying and selling of goods and services over the Internet, encompassing online retail, electronic payments, and various online business transactions. Antibiotic-free meat is promoted in e-commerce for health-conscious consumers seeking responsibly sourced and sustainable food options online. For instance, in August 2023, The Census a US-based government agency, reported that US retail e-commerce sales in the second quarter of 2023 reached $277.6 billion, reflecting a 2.1% increase from the previous quarter. Therefore, the rise of e-commerce is driving 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.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

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

Antibiotic Free Meat Market 2024 Key Insights:

• 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%.
• Increasing Demand For Premium And Healthy Meat Boosts Antibiotic-Free Meat Market
• Research And Development In The Antibiotic-Free Meat Market
• Asia-Pacific was the largest region in the antibiotic-free meat market share in 2023

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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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