The Global Beef Market size was estimated at $300.6 billion in 2017 and is projected to exhibit a CAGR of 3.1% between 2017 and 2025. Beef is the third-largest consumed meat globally, with a growing consumer preference towards meat as a source of protein estimated to drive demand for beef over the forecast period. as well as growing disposable income in emerging markets has resulted in increased consumption of beef in the difference between pork and poultry. In addition, the market is expected to witness significant growth owing to food safety issues such as chemical residue and pathogen detection in other meat products.
Beef and veal (meat from calves) have the highest protein content compared to other meat forms and this is expected to increase their demand as a key source of protein. Veal has the highest protein content of 33.9% per 100 gm of cooked meat, which is higher than any other form of meat. Pork, on the other hand, has a protein content of 29.3% while chicken has 28.9% per 100 gm. China is a prominent market, driven by increasing demand for the meat, supported by rising disposable income. China has witnessed double-digit growth in disposable income and it is expected to maintain the same trend over the coming years.Improving living standards of the people in the country has resulted in a shift in meat preferences, with most choosing beef-based products rather than products derived from pork and chicken.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below:
Beef Market By Grade
Beef Market By Product
Beef Market By Regions:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015
Base year – 2016
Forecast period – 2017 to 2025
Some of the key manufacturers involved in the market are JBS Australia, Meat & Livestock Australia Limited, Cargill Meat Solutions Corp, Minerva Foods, Hormel Foods and Vion. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Target Audience of the Global Beef in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers VARs
Third-party knowledge providers
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