Daten aus dem Cache geladen. Beef Market Growth Forecast by Product 2029 | Webyourself Social...

Beef Market Growth Forecast by Product 2029

0
2K

The beef market size reached USD 395.22 billion in 2021. The market value is anticipated to increase from USD 414.98 billion in 2022 to USD 604.34 billion by 2029 at a CAGR of 5.52% during the forecast duration. A growing number of young people prefer to eat burgers and rolls made from different cuts of meat, says Fortune Business InsightsTM in its report titled, “Beef Market, 2022-2029”.

List of Key Market Players:

  • JBS SA (Brazil)
  • National Beef Packing Company, LLC (U.S.)
  • American Foods Group, LLC. (U.S.)
  • Agri Beef Co. (U.S.)
  • Perdue Farms Inc. (U.S.)
  • Tyson Foods, Inc. (U.S.)
  • Strauss Brands LLC (U.S.)
  • Cargill, Incorporated(U.S.)
  • Central Valley Meat (U.S.)
  • Danish Crown A/S (Denmark)

Source Link:

https://www.fortunebusinessinsights.com/beef-market-106640

Segmentation-

On the basis of cut type, the beef market share is divided into ground, roasts, steaks, and others. On the basis of distribution channels, the market is segmented into retail sales, HoReCa, and butcher shops. Geographically, the market is classified into Asia Pacific, North America, Europe, and the Middle East & Africa.

Report Coverage-

The beef market report analyses the market in-depth, focusing on key aspects such as beef cuts, leading product distribution channels, and leading companies. Apart from that, the report provides insights into market trends and emphasizes key industry developments. 

Drivers & Restraints-

Rising Disposable Incomes and Growing Demand for Animal Protein to Drive Growth

One of the major factors driving consumer demand for nutritious, protein-rich meat products is an increase in disposable income. Consumption of such products is increasing in emerging economies such as China and Thailand, particularly among the middle class. Consumers began to include meat products, including beef, in their diets as their living standards improved and they became more aware of the importance of animal protein. However, animal farms are a major source of greenhouse gasses, and reducing meat consumption will eventually produce animal production. This factor will result in impeding the beef market growth.

Competitive Landscape-

Major Players Employ Acquisition Strategies to Consolidate Market Position

Companies are also attempting to integrate their supply chains in order to gain greater control over the manufacturing process. They also use cutting-edge technology, such as blockchain, to track cattle disease and ensure products are manufactured safely. With the increasing demand for innovative meat products, manufacturers are focusing on developing novel solutions to meet the tastes and preferences of various consumer segments across geographies.

Notable Industry Development-

March 2021: National Beef Packing Company, LLC has announced plans to expand its beef production capabilities in Iowa. With the establishment of such facilities, the company will have access to high-quality grain-fed cattle in the region.

Căutare
Categorii
Citeste mai mult
Networking
Topcon Corporation: Strategies, Innovations, and Developments in the Real-Time Kinematics Market
    Introduction Topcon Corporation, a global leader in positioning technology, has...
By Joydeep Dey 2025-03-22 12:18:45 0 35
Alte
Markt für B2B-Elektronikfertigungsdienste (EMS): Trends, Anteil, Chancen und Prognose bis 2032
Der B2B-Markt für Elektronikfertigungsdienste (EMS) umfasst Unternehmen, die eine Reihe von...
By Amelia Chase 2024-08-07 11:46:45 0 385
Alte
Read Latest Blogs About Your Favorite Celebrities
Celebrity Virals: Latest News Are you a fan of celebrities? Do you like to keep up with the...
By Celebrity Virals 2023-03-08 09:51:05 0 2K
Alte
Restaurant Point Of Sale Terminal Market Foreseen To Increase Exponentially By 2030
Restaurant Point Of Sale Terminal Industry The global restaurant point of sale terminal...
By Steve Rey 2024-12-02 07:09:36 0 115
Alte
CAGR and Future Outlook of the Ilmenite Market: Key Insights for 2024 and Beyond
Market Overview The mineral ilmenite, which is a combination of iron and titanium oxide, is well...
By Peter Matthew 2024-09-12 11:42:12 0 309