The global organic meat and poultry market is expected to reach $15.6 billion by 2026, according to a new report.
The increasing number of government regulations to support organic livestock and poultry globally is a significant factor influencing market demand, according to the report, from Reports and Data.
Flexible rules and regulations associated with the production and packaging of organic products have led to the smooth functioning of the organic sector. For example, in Europe, the Regulation (EU) 2018/848 of May 30, 2018, governs the organic production and labeling of organic products.
However, the high cost of organic products is expected to be a key factor restraining market growth. A study published by the USDA in 2016 showed that between 2004-2010, organic eggs accounted for the largest fluctuations in price premiums, which ranged between 66 and 173%. A similar study showed that between 2015 and 2016, there was a 114% price premium to conventional at the end of the fourth quarter of 2015. However, in early 2016, the premium widened and the number was above 200%, which was significantly higher than the historical average.
Asia Pacific is expected to be a key revenue generating region in the forecast period. The market is projected to grow at a CAGR of 9.6% in the forecast period. The region is gradually shifting towards organically produced fresh products through major economies such as India, China, and Japan among others. In 2016, the Japanese market for organic fresh food was estimated to be around USD 5.91 billion. Eggs were among the top organic fresh food with a share of around USD 75.3 million.