Beef Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024

Report Code: ZMR-3220 | Report Format : | Status : Upcoming |

Abstract

Global Beef Market: Overview

Beef is a name for meat obtained from animals like cows, buffalo, heifers, steers, bulls, etc. It is a second largest market in terms of consumptions coming just after pork. Beef market is growing globally and is attracting consumers more and more all over the world. Beef as any other meat is a great source of protein which proved to be the driving factor for the growth of the beef market. Beef can be cooked in several ways such as broiling, grilling, roasting etc. The beef market has it benefits as compared to other meat types since another meat product contains more chemical residue and pathogen.

Global Beef Market: Growth factors

Beef market has many driving factors for its growth in the global market apart from being rich in protein. Other types of meat obtained from other various animal sources are considered to have some safety issues like pathogen detection or chemical residue etc. which is the major factor that consumers are more attracted towards the beef market. Rapid urbanization, increasing incomes, and lavish spending are some of the other factors that are driving the growth of the beef market. The restraining factor for the beef market is that beef i.e. red meat when consumed too much can cause severe health issues like cardiovascular disease, Alzheimer’s disease, colon cancer, increase in blood and cholesterol level etc. These risk factors to health are only when beef is consumed in more amount. These are restraining the market size of the beef market. Also, there are certain countries where beef is banned due to some religious beliefs. Another restraining factor for this type of market is that much population is adapting to the concept of being vegan. The opportunistic market for the beef market is all over the world as the consumers are adapting beef instead of other meat as a healthy substitute.

Global Beef Market: Segmentation

Beef is segmented on the methods of cutting: kosher, halal etc. Other types of beef are ground beef, cubed beef, steaks etc. Other various types of beef are Chuck, round or rump, brisket, ribs, shortplate, flank, loin, sirloin, shank cuts etc.

Global Beef Market: Regional analysis

The Asia Pacific is dominating the market due to the disposable incomes of the consumers specifically in Japan and China. The Asia Pacific is anticipated to notice a significant growth in the subsequent years. North America is expected to notice the stable growth in this type of market. North American population mainly prefer kosher beef. Latin America (Brazil, Argentina) is also expected to notice growth. Islamic countries are growing maximum in this type of market as the most preferred meat among consumers there is beef. Islamic population mainly prefer halal beef.

Global Beef Market: Key players

Some of the major key players Danish Crown, Nipponham Group, Tyson Foods Inc., JBS, National meat solutions, Cargill meat solutions, Marfrig global foods S.A, Sunbulah group, Cherkizovo group, Sanderson Farms Inc. etc.

Global Beef Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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