NEW YORK, Nov. 2, 2020
NEW YORK, Nov. 2, 2020 /PRNewswire/ -- Rising awareness about high-quality food that contributes to good health and provides nutritional value has inclined the population toward healthy diets. Organic beef contains necessary protein that allows health-conscious consumers to follow a healthy diet. In future, rearing cattle on certified organic fodder will become more lucrative than conventional methods. Demand for organic foods has been fueled by consumer concerns regarding food safety, which, in turn, is driving the growth of the global organic beef market.
Millennials are also becoming more concerned about their health, which has resulted in increased expenditure on natural and organic food, as it is perceived to be healthy with cruelty-free. This age group prefers products that offer health benefits and abundant proteins, and the trend is expected to continue over the forecast period, thus surging the organic beef market.
The global organic beef market has witnessed substantial growth in the past few years, and this trend is expected to continue over the coming years too, at a healthy CAGR of around 7% through 2030.
Key Takeaways from Organic Beef Market Study
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"Manufactures in the organic beef market could gain wide profits by targeting health-conscious consumers along with foodservice providers due to anticipated high demand for organic beef products such as steak, patties, and ground beef in hotels and restaurants,. Moreover, increasing retail sales of organic beef is another potential growth factor for the market," says a PMR analyst.
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Organic Beef Market: Competitive Landscape
Manufacturers in the organic beef market are increasing product presence on online retail channels to meet the requirements of customers. Organic beef manufacturers are offering products with proper certifications from national and regional authorities to provide high quality products to consumers. Furthermore, manufacturers are also keen to cater to the extensively growing health-conscious consumer base that is increasingly adopting organic products, including organic beef.
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Explore More Valuable Insights on Global Organic Beef Market
Persistence Market Research, in its new report, offers an impartial analysis of the global organic beef market, presenting historical data (2015-2019) and estimation statistics for the forecast period of 2020-2030. The study offers compelling insights on the organic beef market based type (fresh meat and processed meat) and distribution channel (business to business and business to consumer), across seven regions.
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