The global beef market size is expected to reach USD 712.5 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.8% from 2022 to 2030. The increasing demand for animal-based food, protein-rich diets, and functional meat products is the key factor driving the growth of the overall meat market. Moreover, the growing awareness of organic processed meat products and the rising demand for gluten-free products is expected to provide lucrative growth opportunities for stakeholders in the meat market.
One of the primary drivers driving the beef industry is rising health consciousness among the general public, as well as increased demand for animal-sourced protein. Consumer preferences are rapidly shifting toward food products with low fat and calorie content and high protein value as dietary habits change. Furthermore, the increased use of beef in the food business is boosting the market growth. Burgers, hotdogs, sausages, fillets and steaks, and stews made with beef are commonly available in cafés and restaurants, offering customers authentic and multi-cuisine dishes.
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Halal meat, including beef, has become popular among both Muslim and non-Muslim consumers as this type of meat has evolved from being a religious observation to the assurance of food safety, hygiene, and reliability. For example, slaughtered halal animals undergo two health checks compared to the single inspection performed on animals during other conventional slaughter methods.
Shifting food trends, particularly the consumption of kosher foods, are driving the kosher slaughter method across the globe. Thus, an increasing number of food providers have started including kashrut food as part of their product offerings. Key manufacturers of kosher beef are engaged in product development and new product launches to boost their sales, thereby fueling segment growth.
The market is highly competitive and dominated by large multinational manufacturing companies: Tyson Foods, Inc.; Danish Crown; Cargill Incorporated; Marfrig Global Foods S.A.; NH Foods Ltd.; Minerva Foods; St. Helen’s Meat Packers; Hormel Foods Corporation; JBS USA; National Beef Packing Company, LLC; Vion Food Group; Australian Agricultural Company Limited.
Beef Market Report Highlights
- The Asia Pacific was the largest market for beef and accounted for a revenue share of 47.8% in 2021. The market is expected to witness significant growth during the forecast period owing to the large Muslim population in the region. In addition, the tourism sector is expanding significantly in the region. Coupled with increasing disposable incomes and growing urbanization, it is expected to be a key catalyst for driving the market in the region over the coming years
- The brisket segment is expected to witness a higher CAGR of 5.8% during the forecast period. The growing preference for clean labeled products and increasing demand for protein-rich food products is boosting the growth of the brisket cut segment. Besides this, the rising popularity of grass-fed brisket is one of the trends positively influencing the market for briskets
Beef Market Segmentation
Grand View Research has segmented the beef market based on cut, slaughter method, and region:
Beef Cut Outlook (Revenue, USD Billion, 2017 - 2030)
- Brisket
- Shank
- Loin
- Others
Beef Slaughter Method Outlook (Revenue, USD Billion, 2017 - 2030)
- Kosher
- Halal
- Others
Regional Insights
The Asia Pacific dominated the market and accounted for a revenue share of 47.8% in 2021. The key beef markets in the Asia Pacific are China, India, Pakistan, Japan, and Australia. China is one of the world’s largest markets for beef as the country is witnessing a significant rise in consumption, driven by increasing disposable incomes. Ongoing shortages and pandemic-related labor shortages specifically in the country like China are likely to support the increasing import of frozen beef, with Australia remaining the biggest supplier.
In North America, the market is expected to register a significant CAGR of 5.4% over the forecasting period, the presence of effective and sound infrastructure like sophisticated processing facilities and transportation networks, as well as intellectual expertise on issues like genetics, meat quality, and legal property rights, is supporting the market in the region. North America is the world’s largest producer of beef for domestic and export markets. Despite the fact that grasslands are North America’s most threatened terrestrial ecosystem, largely due to climatic and market pressures, most beef cattle are grass-fed at some point during their lifecycle.
List of Key Players of the Beef Market
- Tyson Foods, Inc.
- Danish Crown
- Cargill Incorporated
- Marfrig Global Foods S.A.
- NH Foods Ltd.
- Minerva Foods
- St. Helen’s Meat Packers
- Hormel Foods Corporation
- JBS USA
- National Beef Packing Company
- LLC
- Vion Food Group
- Australian Agricultural Company Limited.
Authoritative Research: https://www.grandviewresearch.com/industry-analysis/beef-market-analysis
The global Beef Market was valued at US$ 300.6 billion in 2017 and is estimated to grow at a CAGR of 3.1% and will touch the value of US$ 383.5 billion by the completion of the year 2025.
There are multiple ways to cook beef such as roasting, grilling, broiling, and barbeque.Rising demand for protein rich diet owing to health benefits is anticipated to propel beef market growth.
Beef and veal are rich sources of protein than any another other form of meat such as pork or chicken.
Moreover, growing consumption of special cuts of meat including halal and kosher will drive the beef market over the forecast period.For further inquiries, about - Global Beef Market Industry Analysis, Size, Growth, Trends and Forecast 2015 - 2025, click on this link – https://www.millioninsights.com/industry-reports/beef-marketTo cater to rising demand for beef based products, companies are investing in R& D to launch innovative products.
Kosher is mostly consumed by Jewish population across the globe.Regional Insights:Regional segmentation includes North America, Asia Pacific, Europe, Central and South America, and Middle East and Africa.
US was the largest producer of beef in the world and it is likely to dominate the market over the forecast period.
The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
This report aims to offer an in-depth analysis of all the important dynamics and development that will help to understand the market in better way.
The content offered in this report provides effect of restraints, growth drivers, trends, opportunities that will help in in-depth understanding of market.
Regions that have been divided for the purpose of analysis include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa.
The qualitative approach which is an exploratory approach and uses activities such as focus groups, in-depth interviews and Ethnographic research – which involves participant observation as part of field research and the quantitative approach uses objective measurements and numerical analysis of data that is collected through research methods such as surveys, polls and questionnaires.Get Sample report of “Organic Beef Market” – https://www.fastmr.com/request-s/39Market Segmentation:On the basis of Product- Fresh Meat - Processed Meat - Ground Beef - Steak Beef - Chuck - Patty - OthersOn the basis of Distribution Channel- Direct Sales - Indirect Sales - Supermarket/Hypermarket - Convenience Stores - Online Stores - OthersOn the basis of Geographical Region- North America (U.S. & Canada) - Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe) - Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific) - Latin America (Brazil, Mexico, Argentina and Rest of Latin America) - Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa).Browse Full Report of “Organic Beef Market”- https://www.fastmr.com/report/39/organic-beef-marketThe research report provides a detailed analysis of the key players in the market, products, applications, and regional analysis which also covers government policies that will affect the market.The report helps in knowing all-inclusive views of the market that will help in making better understanding for business purposes.The report is full of objective data that will help in making best business decisions for its growth.
The report helps in making customer awareness and help in making their business to grow in right-direction.
It can provide a deeper understanding on your customer and competitors.Similarly understanding the broader market environment can help to identify new prospects for the business.
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The following manufacturers are covered in this report, with sales, revenue, market share for each company:
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