Beef Market size is expected to Reach US$ 508.48 Bn By 2029

Beef Market

Beef Market was valued at US$ 508.48 Billion in 2029. The Beef Market size is estimated to grow at a CAGR of 3.2% over the forecast period.

Beef Market Overview: 

The primary goal of this research is to assist the user in understanding the Beef Market in terms of definition, segmentation, market potential, significant trends, and the problems that the Beef industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals. 

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Beef Market Scope:

The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals. 

Beef Market Dynamics

The rise in disposable income is being driven by the desire for meat products that are high in protein and are healthy. In China and Thailand, two emerging economies, consumption of these goods is rising, particularly among the middle class. During the projected period, it is estimated that beef consumption would increase in China, where income has increased by double digits and is anticipated to continue growing. Consumers are included meat products in their diets as a result of rising living standards and an increased understanding of the value of animal protein. Government programs pertaining to the food sector are another significant driver boosting market growth. The restriction on Australian frozen and refrigerated foods in China has been lifted. The administration is also anticipated to lift the import stipulation for Brazil.

Beef Market Segmentation: 

The market is split into three categories based on product: cubed, streaks, and ground roast. Due to its lower cost than other cuts and suitability for a range of budgetary needs, ground beef is anticipated to hold the biggest market share during the projection period. Several cuisines employ steaks and roasts as ingredients. These slices are used at fine dining establishments for customers who want expensive, high-quality meals. The market is anticipated to grow as ground beef consumption rises. Health advantages of ground beef include its support for hormone production, ability to activate the immune system, and ability to replace iron levels. Due to the high levels of protein and fat in ground beef, the segment’s growth is anticipated to accelerate.

The market is divided into Brisket, Shank, Loin, and Others based on Cut. Throughout the projected period, the brisket segment is anticipated to rule the market. The usage of brisket in corned beef recipes around the world, primarily among Jews, is one of the factors contributing to the increase. The meat encircling the breastbone is known as the brisket. The sector is being supported by the ease of grilling brisket slowly, as well as the fact that it is one of the most delicious cuts of beef. Because of its increasing use in the production of low-fat ground beef due to its leanness, the shank is predicted to expand at the quickest rate of CAGR of xx% throughout the projection period.

1 Global Beef Market, by Product (2022-2029)
• Ground Roasts
• Streaks
• Cubed
2 Global Beef Market, by Cut (2022-2029)
• Brisket
• Shank
• Loin
• Others
3 Global Beef Market, by Slaughter Method (2022-2029)
• Kosher
• Halal
• Others
4 Global Beef Market, by Distribution Channel (2022-2029)
• Retail Sales
• HoReCa
• Butcher Shops

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Beef Market Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Beef market are

1. JBS SA
2. National Beef Packing Company, LLC
3. American Foods Group, LLC
4. Agri Beef Co.
5. Perdue Farms Inc.
6. Tyson Foods, Inc
7. Strauss Brands LLC
8. Cargill, Incorporated
9. Central Valley Meat
10.Danish Crown A/S
11.NH Foods Ltd
12.Vion Food group
13.Hormel Foods Corporation
14.St Helen’s Meat Packers

Regional Analysis:

The report focuses on Global Regions and Market Size of Beef, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.

COVID-19 Impact Analysis on Beef Market:

The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Beef industry in 2021.

Key Questions Answered in the Beef Market Report are: 

  • What is the function of Beef?
  • What is the predicted revenue generation of the Beef market?
  • At what growth rate is the Beef market evolving?
  • Who are the major market giants operating in the Beef market?

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