Global Beef Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global beef market in its upcoming report titled, “Global Beef Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global beef market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global beef market report has been segmented on the basis of quality grade, product outlook, and distribution channel, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Beef is type of meat that comes from cows, bulls, and bovines. Processed part of beef are sold as corned beef and beef jerky. Consumption of beef dates back to prehistoric period. It is the third largest consumed meat globally.
Growing awareness regarding advantages of high protein food among individuals is a major factor driving growth of the global beef market. Beef contains high amount of proteins, minerals and vitamins, and also improves muscle mass, as well as, prevents chances of anemia. Growing presence of meat consuming population globally is another factor resulting into increasing demand for raw and processed beef products among consumers. Often occurrence of safety issues with pork and chicken, such as presence of pathogens or chemical residue is increasing preference of consumers towards beef.
Furthermore, increasing urbanization and rising disposable income are factors fueling growth of the global market. Additionally, increasing number of fast-food joints and restaurants serving meat is also another factor expected to boost growth of the global beef market.
However, over consumption of beef can adversely affect health of individuals by increasing risk of ailments such as diabetes, heart diseases, and cancer. These factors may hamper growth of the global beef market. In addition, growing adoption of vegan and vegetarian lifestyle is another factor which may affect growth of the global market.
The market in North America accounts for major market share in terms of revenue and is expected to witness high growth over the forecast period. Increasing popularity of beef among consumers is a major factor driving growth of the global beef market in this region. Latin America is expected to witness lucrative growth over the forecast period, followed by Middle East and Africa, Asia Pacific, and Europe region. Large consumption of red meat in Argentina and Brazil are fueling growth of the target market in Latin America region. Increasing demand of beef in China, Australia, Japan, and other Asian countries are also anticipated to boost growth of the beef market in Asia Pacific region.
Global Beef Market Segmentation:
By quality grade:
- Standard and Commercial (Ungraded)
By product outlook:
- Ground Beef
- Clubbed Beef
By distribution Channel:
- Supermarkets and Hypermarkets
- Retail Stores and Department Stores
- Specialty Stores
- Online Stores
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Tyson Foods, Inc.
- Cargill Meat Solutions Corporation
- JBS USA Holdings, Inc.
- National Beef Packing Co. LLC
- Helens Meat Packers Limited
- Levinoff-Colbex S.E.C.
- Smithfield Foods, Inc.
- VION Holding N.V.
- Danish Crown A/S
- Marfrig Global Foods S.A.
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