The global organic poultry/meat farming market is expected to reach $15.58 billion by 2026, according to a new report by Reports and Data, New York. The increasing number of government regulations to support organic livestock and poultry globally is a significant factor influencing market demand. Flexible rules and regulations associated with the production and packaging of organic products have also led to the smooth functioning of the organic sector.
However, the high cost of organic products is expected to be a key factor restraining market growth.
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, and is gradually shifting toward organically produced fresh products through major economies such as India, China and Japan, among others.
Other key findings from the report suggest:
- Organic eggs are projected to occupy a significant share of the organic poultry/meat farming market. The segment is projected to grow at a CAGR of 10.1% in the forecast period.
- Asia Pacific market is forecasted to grow at a CAGR of 9.6% in the coming years. Increasing adoption of regulations in the production and processing of organic poultry in the region is projected to foster market demand.