San Francisco, 21
February, Beef Market Size, Share & Trends Analysis Report By Cut (Brisket,
Shank, Loin), By Slaughter Method (Kosher, Halal), By Region (North America,
Europe, APAC, MEA, CSA), And Segment Forecasts, 2019 – 2025.
The global beef market size is expected to reach USD 383.5 billion by 2025,
according to a new report by Grand View Research, Inc., exhibiting a 3.1% CAGR
during the forecast period. Growing awareness regarding beef as a major source
of protein is expected to drive the market.
Beef and veal have higher
protein content compared to chicken, pork, turkey, and lamb. Surging awareness
associated with consumption of protein through high nutritional food is gaining
importance among people. Meat eaters in U.S. prefer beef over other meats owing
to various diseases associated with poultry and pork. These factors have been
aiding market growth.
High demand from China,
supported by increasing disposable income, is also anticipated to drive beef
consumption over the forecast period. Favorable government initiatives
pertaining to the food industry will remain an important growth factor.
Recently, the government of China lifted the ban on Australian chilled and
frozen food. It is expected that the government will also lift the Brazilian
imports ban over the coming years. However, health hazards associated with
consumption of meat and higher prices of beef compared to other forms of meat
can critically impact market growth.
U.S. is one of the largest
producers of beef in the global market. In the last six years, the country has
seen significant imports of chilled grass beef. Demand from restaurant chains
such as Burger King and McDonald’s is also expected to contribute to the growth
of the U.S. market.
Rise in Islamic population will
trigger demand for halal beef over the forecast period. Limited supply of
cattle in certain countries can lead to increase in product prices, creating
imbalance in the value chain. Safety and quality benefits associated with
kosher beef will trigger demand in the North America region. Enhancement in
slaughtering techniques and improvement in animal feed technology are projected
to create opportunities for various market participants in the value chain.
Access Full Research
Report On Beef Market Analysis:
Further key findings from the report suggest:
·
The other cuts segment
dominated the global market with a revenue share of 54.7% in 2017, mainly due
to increasing demand for ribs, round, chuck, plate, and flank
·
Loin cut is expected to be the
fastest growing segment, registering a CAGR of 3.5% from 2017 to 2025
·
In terms of volume, the halal
slaughter method is projected to expand at a CAGR of 2.7% over the forecast
period
·
In terms of volume, North
America is projected to witness a steady CAGR of 2.5% over the forecast period.
Awareness associated with grass-fed beef is anticipated to contribute to market
growth
·
Some of the key companies in
the market are Tyson Foods, Inc.; Danish Crown; Cargil, Incorporated; Marfrig
Global Foods S.A.; and NH Foods Ltd.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/ready-to-eat-processed-and-frozen-foods
Grand View Research has segmented the
global beef market on the basis of cut, slaughter method, and region:
Beef Cut Outlook (Volume,
Kilotons; Revenue, USD Million, 2014 - 2025)
·
Brisket
·
Shank
·
Loin
·
Others
Beef Slaughter Method Outlook
(Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
Kosher
·
Halal
·
Others
Beef Regional Outlook (Volume,
Kilotons; Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
Russia
o
Switzerland
·
Asia Pacific
o
China
o
India
o
Japan
o
Australia
o
South Korea
·
Central and South America
o
Brazil
o
Argentina
o
Colombia
·
Middle East and Africa
Access Full
Press Release of this Report:
www.grandviewresearch.com/press-release/global-beef-market
www.grandviewresearch.com/press-release/global-beef-market
About Grand
View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com/
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