Organic poultry market poised for growth
According to The Business Research Company’s research report on the organic poultry market, in the segmentation by product type into eggs and meat, the eggs market was the largest segment of the organic poultry market, accounting for $6,877.6 million or 54.8% of the total in 2020. Organic eggs come from chickens that live in cage-free environments and have access to the outdoors, even if their outdoor area is just a small pen or enclosed yard area. Organic eggs have higher levels of omega-3 fatty acids than non-organic eggs. These fats are known to prevent chronic disease and reduce inflammation while assisting in brain function and growth. Omega-3s also play an important role in heart health and help to lower cholesterol.
Going forward, the meat products segment is expected to be the fastest-growing segment in the organic poultry market, at a CAGR of 9.1%. The global organic poultry market is expected to grow from $7.26 billion in 2020 to $7.67 billion in 2021 at a compound annual growth rate (CAGR) of 5.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $10.35 billion in 2025 at a CAGR of 8%.
Western Europe was the largest region in the global organic poultry market, accounting for 44.5% of the total in 2020. It was followed by North America, Asia Pacific and then the other regions. Going forward, the fastest-growing regions in the organic poultry market will be South America and the Middle East, where growth will be at CAGRs of 11.95% and 11.91% respectively. These will be followed by Africa and Asia-Pacific, where the markets are expected to grow at CAGRs of 10.85% and 10.15% respectively.
Globally, the demand for organic poultry products is increasing at a significant rate and consumers pay a premium price for such eggs and meat. The sale of organic chicken worldwide is likely to exceed $7,500 million by the end of 2028 with increasing demand from emerging countries.
Alexandre Bompard, CEO of the Carrefour Group, has sent a letter to the presidents of the main Fr...
The USDA has revised down its 2024 forecast to year-on-year growth of 1%, down from 3% earlier th...
Since June 2024, the Brazilian Boi Gordo processor steer indicator has jumped 49% to 61...
