FactMR, in its latest business intelligence study, depicts the nuts and bolts of the global organic chicken market. The organic chicken report presents detailed information regarding the drivers, restraints, opportunities and trends affecting organic chicken market growth. Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the organic chicken report elaborates the market behavior of each vendor operating in the organic chicken market.
Key findings of the organic chicken market study:
- Regional breakdown of the organic chicken market based on predefined taxonomy.
- Innovative manufacturing processes implemented by organic chicken vendors in detail.
- Region-wise and country-wise fragmentation of the organic chicken market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global organic chicken market.
The organic chicken market is likely to witness a notable shift from traditional selling to chain stores and online selling channels. Manufacturers can leverage the strength of retail chain stores to establish brand visibility in a bid to enhance sales. Moreover, online stores are also expected to gain significant traction as manufactures can tap remote consumers and enhance their sales funnel. FactMR reveals that the sales of organic chicken via chain stores are likely to grow at a meteoric CAGR of 14.7% in terms of value during the period of forecast, 2018-2028. However, sales of organic chicken through direct sales are estimated to surpass other channels, says the report.
Demand for organic chicken is likely to spearhead across various countries on the back of increasing demand for organic food products as opposed to traditional products. FactMR envisages that the sales of organic chicken worldwide is likely to cross US$ 7,500 Mn by end of 2028 with increasing demand from emerging countries.
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Sales of organic chicken are expected to remain concentrated in the developed countries of Europe closely followed by emerging economies of Asia Pacific excluding Japan (APEJ), physical fitness being a common and a key aspect observed in these regions. Strong fitness industry of Europe is likely to present potential opportunities with rising people participation in fitness clubs. For instance, according to IHRSA, in 2017 European health club market served around 56 million members with fitness clubs generating more than US$ 29 billion. This has translated into increasing demand for high protein natural food products such as organic chicken, in turn boosting its market’s growth in Europe.