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
As per Maximize Market Research, global business research and consultancy firm,the global market Beef Market was USD in 2022 and is expected to grow at a CAGR of percent over the forecast period to reach USD by 2029.
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Beef Market Scope and Methodology
The bottom-up approach was used in the report to estimate the Beef Market. The primary and secondary data sources were used to collect data. The primary source involved interviews with significant market leaders and industry experts including business owners and marketing specialists while secondary sources are a combination of the reviews of the financial and annual reports of top manufacturers. For better information on market penetration, competitive landscape demand analysis, and regional analysis are taken at the local, regional, and global levels. The report presented the PORTER and PESTLE Analysis with the potential impact of micro-economic factors of the Beef market. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to determine the competitive intensity of the industry in the Beef market.
Beef Market Regional Insights
Categorized broadly, the Beef market is segmented across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report comprehensively analyzes factors, market size, growth rate, and regional import-export activities. The regional analysis extends to both local and country levels for a comprehensive examination.
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. Cubed beef is anticipated to increase.
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
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
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Key questions answered in the Beef Market are:
- What is Beef?
- What was the Beef market size in 2022?
- What are the different segments of the Beef Market?
- What growth strategies are the players considering to increase their presence in Beef?
- What are the upcoming industry applications and trends for the Beef Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Beef Market?
- Who are the key players in the Beef market?
- What segments are covered in the Beef Market?
- Who are the leading companies and what are their portfolios in Beef Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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