#beef market

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Beef Market - Global Industry Analysis and Forecast (2024-2030)

The Beef Market size was valued at USD 420.91 Billion in 2023 and the total Beef revenue is expected to grow at a CAGR of 3.2%

Beef Market: Trends, Challenges, and Future Outlook

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Beef Market Size, Share & Trends Analysis Report, 2030

The global beef market size is expected to reach USD 712.5 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.8% from 2022 to 2030. The increasing demand for animal-based food, protein-rich diets, and functional meat products is the key factor driving the growth of the overall meat market. Moreover, the growing awareness of organic processed meat products and the rising demand for gluten-free products is expected to provide lucrative growth opportunities for stakeholders in the meat market.

One of the primary drivers driving the beef industry is rising health consciousness among the general public, as well as increased demand for animal-sourced protein. Consumer preferences are rapidly shifting toward food products with low fat and calorie content and high protein value as dietary habits change. Furthermore, the increased use of beef in the food business is boosting the market growth. Burgers, hotdogs, sausages, fillets and steaks, and stews made with beef are commonly available in cafés and restaurants, offering customers authentic and multi-cuisine dishes.

Request a free sample copy or view the report summary: https://www.grandviewresearch.com/industry-analysis/beef-market-analysis

Halal meat, including beef, has become popular among both Muslim and non-Muslim consumers as this type of meat has evolved from being a religious observation to the assurance of food safety, hygiene, and reliability. For example, slaughtered halal animals undergo two health checks compared to the single inspection performed on animals during other conventional slaughter methods.

Shifting food trends, particularly the consumption of kosher foods, are driving the kosher slaughter method across the globe. Thus, an increasing number of food providers have started including kashrut food as part of their product offerings. Key manufacturers of kosher beef are engaged in product development and new product launches to boost their sales, thereby fueling segment growth.

The market is highly competitive and dominated by large multinational manufacturing companies: Tyson Foods, Inc.; Danish Crown; Cargill Incorporated; Marfrig Global Foods S.A.; NH Foods Ltd.; Minerva Foods; St. Helen’s Meat Packers; Hormel Foods Corporation; JBS USA; National Beef Packing Company, LLC; Vion Food Group; Australian Agricultural Company Limited.

Beef Market Report Scope

Report Attribute

Details

Market size value in 2022

USD 497.3 billion

Revenue forecast in 2030

USD 712.5 billion

Growth Rate

CAGR of 4.8% from 2022 to 2030

Base year for estimation

2021

Beef Market Report Highlights

The Asia Pacific was the largest market for beef and accounted for a revenue share of 47.8% in 2021. The market is expected to witness significant growth during the forecast period owing to the large Muslim population in the region. In addition, the tourism sector is expanding significantly in the region. Coupled with increasing disposable incomes and growing urbanization, it is expected to be a key catalyst for driving the market in the region over the coming years

The brisket segment is expected to witness a higher CAGR of 5.8% during the forecast period. The growing preference for clean labeled products and increasing demand for protein-rich food products is boosting the growth of the brisket cut segment. Besides this, the rising popularity of grass-fed brisket is one of the trends positively influencing the market for briskets

Beef Market Segmentation

Grand View Research has segmented the beef market based on cut, slaughter method, and region:

Beef Cut Outlook (Revenue, USD Billion, 2017 - 2030)

Brisket

Shank

Loin

Others

Beef Slaughter Method Outlook (Revenue, USD Billion, 2017 - 2030)

Kosher

Halal

Others

Regional Insights

The Asia Pacific dominated the market and accounted for a revenue share of 47.8% in 2021. The key beef markets in the Asia Pacific are China, India, Pakistan, Japan, and Australia. China is one of the world’s largest markets for beef as the country is witnessing a significant rise in consumption, driven by increasing disposable incomes. Ongoing shortages and pandemic-related labor shortages specifically in the country like China are likely to support the increasing import of frozen beef, with Australia remaining the biggest supplier.

In North America, the market is expected to register a significant CAGR of 5.4% over the forecasting period, the presence of effective and sound infrastructure like sophisticated processing facilities and transportation networks, as well as intellectual expertise on issues like genetics, meat quality, and legal property rights, is supporting the market in the region. North America is the world’s largest producer of beef for domestic and export markets. Despite the fact that grasslands are North America’s most threatened terrestrial ecosystem, largely due to climatic and market pressures, most beef cattle are grass-fed at some point during their lifecycle.

List of Key Players of the Beef Market

Tyson Foods, Inc.

Danish Crown

Cargill Incorporated

Marfrig Global Foods S.A.

NH Foods Ltd.

Minerva Foods

St. Helen’s Meat Packers

Hormel Foods Corporation

JBS USA

National Beef Packing Company

LLC

Vion Food Group

Australian Agricultural Company Limited.

Authoritative Research: https://www.grandviewresearch.com/industry-analysis/beef-market-analysis

[marketwire]

Beef Market Size, Share, Trends and industry analysis now available from IndustryARC. Report reveals Beef Market in the industry by Type, Products and application.

The beef market size is estimated to reach $413 billion by 2027, growing at a CAGR of 3.2% during the forecast period 2022-2027. Beef is the culinary term for meat from cattle. Corned beef is meat that has undergone curing in a salt solution. Prior to refrigeration, meat was salted and cured to be conserved. Historically, any kind of meat could be subjected to the curing procedure that makes what is termed corned beef presently.

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Oww Cow liver in bd beef market #shorts

[renubresearchanalysis]

Global Beef Market Forecast By Production, Import & Export - Renub Research

Over the years, rising demand for meat protein has led to a steady increase in beef consumption worldwide. The beef industry has shown tremendous development in the last few decades. China's appetite for beef is growing year-on-year and has replaced the United States as the world's largest beef importer in 2018. The rapid growth in Chinese beef consumption has quietly changed the global beef order, with many countries exporting a significant share of total exports to China. According to the Renub Research report, Global Beef Market will be US$ 412.2 Billion by 2026.

COVID-19 impact on Global Beef Industry

For the first few months of the year 2020, the global beef industry has been severely impacted by the coronavirus. The sharp fall in demand for beef was because of rumors that the virus can spread through the animals. But once the Centers for Disease Control & Prevention stated that COVID-19 can only be transmitted via direct contacts to humans and not live stocks, the growth came back to the industry. Moreover, demand uncertainty due to coronavirus-related limitations on restaurant operations and cattle markets continue to be rattled by numerous closures in processing plants.

Factors Driving the Beef Market Globally

Global demand for beef is growing as it has higher protein compared to pork, turkey, and chicken. Moreover, there is an increase in the consumption of fast food products. Additionally, non-vegetations in the United States prefer beef compared to other types of meats. Another factor is the growing demand from China due to the rise in their disposable income. Lastly, an increase in the Muslim population globally is also helping the growth of halal beef.

Renub Research report titled "Global Beef Market By Production (China, European Union, United States, Brazil, Russia, Argentina, India, Canada, Pakistan, Australia and Others), Consumption (China, European Union, United States, Brazil, Russia, Japan, Mexico, Argentina, India and Pakistan), Import (China, United States, European Union, Russia, Chile, Japan, Hong Kong, South Korea, Egypt and Malaysia), Export (European Union, United States, Canada, Brazil, Argentina, New Zealand, Mexico, Uruguay, Australia and India)  Company (Danish Crown, Tyson Foods Inc., Vion Food Group, WH Group Limited)" provides a complete analysis of Beef market globally.

By Production – Top 10 Beef Countries Market & Volume

In this topic, we have covered 10 major beef producing countries globally. The countries covered are as follows.

1. United StatesCanada 2. European Union 3. Argentina 4. Russia 5. Brazil 6. China 7. Australia 8. India 9. Pakistan 10. Rest of the World (Others)

Follow the Link for More a Sample Copy: https://www.renub.com/request-sample-page.php?gturl=global-beef-market-p.php

By Consumption – Top 10 Countries Beef Volume  

This topic provides complete insight into 10 important beef consuming countries globally. The countries covered are as follows.

1. United States 2. European Union 3. Argentina 4. Mexico 5. Russia 6. Brazil 7. China 8. Japan 9. India 10. Pakistan

By Import – Top 10 Countries Beef Volume

In this section, a complete insight of 10 important beef importing countries are covered globally. The countries covered are as follows.

1. United States 2. European Union           3. Russia 4. Chile 5. China 6. Japan 7. South Korea 8. Hong Kong 9. Egypt 10. Malaysia

By Export – Beef Producing Countries

In this topic, we have covered 10 major beef exporting countries globally. The countries covered are as follows.

1 United States 2 Canada 3 European Union 4 Mexico 5 Uruguay 6 Argentina 7 Brazil 8 Australia 9 New Zealand 10 India

Company Analysis

All the companies have been studied from two points

· Recent Developments · Sales Analysis

Companies Covered

· Danish Crown · Tyson Foods Inc. · Vion Food Group · WH Group Limited

About Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises of major players in Life Sciences, Information Technology, Telecom, Financial Services (Banking, Insurance), Energy, Retail, Manufacturing, Automotive, and Social sector. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Contact Us: Renub Research Phone No: [phone] (USA) | [phone] (IND) Email : [email protected] Web: https://www.renub.com Fallow on Linkedin: https://www.linkedin.com/company/renub-research