Organic Lamb Market REPORT OVERVIEW
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global organic lamb market size was USD 11720 million in the year 2022 and market is projected to touch 21365.98 Million by 2031, exhibiting a CAGR of 6.9% during the forecast period.
Lamb that is organically raised on organic farms, fed only grass, and processed without the use of any chemicals or additives is known as organic lamb. The 21st century has seen an unprecedented rise in health consciousness among consumers, and organic food has benefited greatly from this change. The organic lamb industry is largely due to increased consumer knowledge of the health benefits provided by organic goods, particularly among the millennial generation. Specialty grocery stores, butcher shops, and farmers' markets all carry organic lamb. Lambs raised organically do not get growth-promoting hormones or genetic engineering.
Additionally, they were raised on organic feed that was devoid of insecticides and other chemical pesticides. The specialists at FMI have determined that health issues related to non-organic meat are likely to spur market growth for organic lamb. Meat from animals that have been given growth hormones and various antibiotics also have several health issues. According to a survey, antibiotic use causes bacterial food contamination, which kills more than 50,000 people annually in the US and the EU. People are becoming more aware of their health, and as a result, they are demanding more organic foods.
COVID-19 Impact: Halt on Manufacturing Operations to Slower Market Growth
According to COVID-19, companies that have kept their supply chains local have fared well during the current crisis. Operators who depend on organic materials from different geographic areas have been adversely impacted. Localized supply chains look to be the way of the future. These supply chains were disrupted by lockdowns, which brought attention to the weaknesses of global supply chains. Countries' emergency responses due to COVID-19 hindered the raw material supply of organic lamb. Higher freight and transportation costs, as well as lengthier delivery periods, continue to hurt the supply of organic lamb. Companies that produce organic foods and ingredients have established global supply systems for their raw resources.
LATEST TRENDS
"Rising Demand for Meat and Organic Products to Boost Market Growth"
The key reasons boosting demand in the global organic lamb market are the rising demand for meat and organic products globally, followed by the rising disposable income of consumers. In addition, shifting consumer consumption habits and rising consumer awareness of the health benefits of organic food items will fuel the organic lamb market's expansion in the next years. Additionally, as people select healthier eating habits due to rising per capita income, demand for organic lamb is increasing. As a result, the growing demand for meat and organic goods will be a key factor in raising the price of organic lamb products.
Organic Lamb Market Segmentation
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- By Type Analysis
As per the type, the market is classified as follows: Raw Lambs and Processed Lambs. In the organic lamb market share, processed lamb is more popular than its raw cousin and had a market share of 64% in 2017.
- By Application Analysis
Based on application, the market is segmented as follows: Households, Food, Commercial, and Others. During the projection period, the food industry is on track to increase by 76 BPS points in the organic lamb market.
DRIVING FACTORS
"Changing Lifestyles to Facilitate Market Development"
The change in diets and food consumption patterns toward animal products is fueling the global food industry. The demand for these products is primarily driven by two fundamental factors: changing lifestyles and increases in per capita income. Consumers are choosing organic meat more and more frequently. More individuals are turning to organic meat as a healthier option as dietary limitations including gluten-free, vegan, and vegetarian lifestyles become more prevalent. Retailers who stock these products have seen an increase in demand as a result. Additionally, customers are becoming more health concerned, and value sales for organic goods have consistently been positive and expanding at a higher rate year over year.
"Extended Benefits of Organic Lamb to Promote Industry Progress"
Young people's and developing countries' demand, which is outpacing supply, is forecast to cause an increase in the organic lamb market, according to FMI. According to an analysis by FMI, organic lamb extends various benefits in cancer prevention in addition to guarding against food contamination because it is a rich source of vital vitamins and antioxidants. Additionally, organic options contribute fairly to the reduction of environmental contamination, particularly air pollution. The interdependence of nations has also increased as a result of the opening of borders in this era of globalization. People today have a lot more opportunities to make a living and live a happy life as a result.
RESTRAINING FACTORS
"Different Standards Around the World to Hinder Market Growth"
Several factors will limit the organic lamb market growth over the forecast period, including having to adhere to strict rules and different standards around the world, increasing competition, short-term inflation in important countries that are expected to remain above the upper band, and fluctuating raw material prices. However, several variables are most likely to restrain the organic lamb market's expansion during the anticipated term. In the coming years, it is expected that factors like lab-grown meat, pressure from animal welfare groups difficulty raising, and rigorous government controls would restrain the organic lamb market expansion.
Organic Lamb Market REGIONAL INSIGHTS
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"Increase in Demand to Propel Market Progress in North America"
On an estimated annualized basis, the U.S. was one of the major organic lamb markets for consumer sales due to rising demand from consumers seeking better nutritional content; additionally, animal rights activists have been calling for more humane treatment of animals, leading to an increase in demand for organic lamb meat. Strong consumer demand from households is what essentially drives the organic lamb market. The growth of the organic lamb market segment over the forecast period will be supported and driven by the rising awareness of the health advantages of consuming more natural food products. During the projected period, there is also expected to be an increase in demand for processed meats in restaurants and other commercial settings.
KEY MARKET PLAYERS
"Market Players Focus on New Product Launches to Strengthen Market Position"
Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.
List of Market Players Profiled
- Arcadian Organic and Natural Meat Co. (Australia)
- Pty (Australia)
- Thomas Food International (Australia)
- Sunshine Coast Organic Meats (Australia)
- Good Earth Farms (U.S.)
- Irish Country Meats (Ireland)
- Tulip Ltd (U.K)
- The Lamb Company North America (Canada)
- Niman Ranch (U.S.)
- Strauss Brands Incorporated (U.S.)
- Pitney Farm Shop (U.K)
- Mallow Farm and Cottage (Australia)
- Colin and Sally's Organic Lamb and Beef (Australia)
- Hollyburton Pick's Organic Farm (U.K)
- Elliott Agriculture Pty Ltd (Australia)
- Swillington Organic Farm Ltd (U.K)
REPORT COVERAGE
The report covers overall market aspects, including the market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 11720 Million in 2022 |
Market Size Value By |
US$ 21365.98 Million by 2031 |
Growth Rate |
CAGR of 6.9% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Segments Covered |
Type and Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the organic lamb market expected to touch by 2031?
Based on our research, the organic lamb market is projected to touch USD 21365.98 Million by 2031.
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What CAGR is the organic lamb market expected to exhibit by 2031?
The organic lamb market is expected to exhibit a CAGR of 6.9% by 2031.
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What are the driving factors of the organic lamb market?
The changing lifestyles and extended benefits of organic lamb are the driving factors of the organic lamb market.
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Which are the top companies operating in the organic lamb market?
Arcadian Organic and Natural Meat Co., PtY, Thomas Food International, Sunshine Coast Organic Meats, Good Earth Farms, Irish Country Meats, Tulip Ltd, The Lamb Company North America, Niman Ranch, Strauss Brands Incorporated, Pitney Farm Shop, Mallow Farm and Cottage, Colin and Sallys Organic Lamb and Beef, Hollyburton Picks Organic Farm, Elliott Agriculture Pty Ltd, and Swillington Organic Farm Ltd are the top companies operating in the organic lamb market.