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