Organic Lamb Market Forecast, 2022-2027
Organic Lamb Market size is estimated to reach $17.3 billion by 2027, growing at a CAGR of 6.1% during the forecast period 2022-2027. Organic lamb can be delineated as meat derived from young sheep (<1 year) who are kept deprived of antibiotics during raising them to ensure contamination-free meat. There are numerous types of cattle feed such as grain-fed (soy, maize, and others), barley-fed, grass-fed (forage) that are mostly supplemented with vitamins and minerals to heighten the overall quality of the feed that too without the inclusion of artificial ingredients. As compared to conventionally-grown meat, organic lamb is a sound source of unsaturated fatty acids (omega-3) and antioxidants (flavonoids and anthocyanins) which extend several health benefits like fighting free radicals, lowers cholesterol levels. Not only it is beneficial for human health but environmental health too. Moreover, the mild taste and easily chewable nature of organic lamb have drawn the eyes of meat lovers around the globe. There are many supervising associations worldwide such as the Australian Organic Standard (ACO) and the United States Department of Agriculture (USDA) which are responsible for enforcing the rules and regulations from time to time in an attempt to ensure the safety and quality of organic meat. The organic lamb market outlook is exceptionally bewitching as the health awareness among consumers is rising day after day. In addition to that, proliferating health attentiveness, spiraling disposable incomes, growing incidences of meat contamination, increasing consumption of dietary vitamin and mineral supplements, and heightening meat consumption are the factors set to drive the growth of the Organic Lamb Market for the period 2022-2027.
Report Coverage
The report: “Organic Lamb Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Organic Lamb Market.
By Type: Raw and Processed.
By Distribution Channel: Offline (Convenience stores, Supermarkets, and others) and online.
By End-User: Foodservice providers (restaurants, hotels, and others) and Households.
By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America) and Rest of World (the Middle East and Africa).
Key Takeaways
- Geographically, Europe Organic Lamb Market accounted for the highest revenue share in 2021. The growth is owing to the presence of countries with high production of lamb and associated products. Nevertheless, Asia-Pacific is poised to grow with the fastest CAGR over the period 2022-2027.
- Altering taste and preferences, the budding trend of ready-to-cook options, and expanding health cognizance among consumers are said to be preeminent drivers driving the growth of the Organic Lamb Market. Wide-reaching campaigns about animal welfare organizations and hampered demand attributing to the COVID-19 outbreak are said to reduce the market growth.
- Detailed analysis on the Strength, Weaknesses, and Opportunities for the prominent players operating in the market will be provided in the Organic Lamb Market report.
Lab-grown meat, pressure from animal welfare organizations, high price, and hampered supply chain owing to the COVID-19 are Anticipated to Hamper Market Growth
Rising voices of animal welfare organizations such as PETA, Animal welfare institute, Blue cross of India, and many more to stop the animal slaughter and promote overall well-being is anticipated to be a factor challenging the market growth. Moreover, the growing trend of lab-grown meat in order to stop the bloodshed of innocent animals for fulfilling human greed is a prominent factor that can be a big setback for the growth of the organic lamb market. Also, the hampered supply chain ascribing to the COVID-19 has its fair share in strangling the growth of the aforementioned market.
Organic Lamb Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Organic Lamb Market. Key companies of this market are-
1. Thomas Food International
2. Arcadian Organic & Natural Meat
3. Mallow Farm & Cottage
4. Colin & Sally’s Organic Lamb & Beef
5. Elliott Agriculture
6. Tulip Ltd
7. Good Earth Farms
8. Sunshine Coast Organic Meats
9. Pitney Farm Shop
10. Swillington Organic FarmRecent Developments
- On September 28, 2020, Illinois, United States-based “Pre Brands LLC”, a food processing company famous for organic product offerings successfully launched purely grass-fed lamb in the US market. The Product is anticipated to be an instant hit owing to the high quality of meat as Pre Brands raises all its lambs in New Zealand where they (lambs) are allowed to graze on lush meadows throughout the year.
- On May 28, 2020, Australia-based recognized meat processing company “Thomas Food International” announced that the company has acquired 50% of ownership interest in Victoria, Australia-based company “Frew International”, a company that deals in sheep meat. The financials of the transaction were kept undisclosed. Moreover, the companies have publicized that they will continue to operate autonomously.
- On October 15, 2019, Colorado, United States-based food company “Pilgrim’s Pride Corporation” announced that it has successfully acquired the United Kingdom-based meat company “Tulip Ltd.” Pilgrim has made a payment of $354 (all in cash) in order to bring the acquisition to a close. The transaction has reinforced Pilgrim’s UK-specific portfolio.
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