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Beef Market – Growing Awareness Regarding Beef As A Major Source Of Protein Is Expected To Drive The Market | Grand View Research, Inc.

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Beef Market – Growing Awareness Regarding Beef As A Major Source Of Protein Is Expected To Drive The Market | Grand View Research, Inc.

April 08
17:50 2021
Beef Market - Growing Awareness Regarding Beef As A Major Source Of Protein Is Expected To Drive The Market | Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to a new report published by Grand View Research, the global market is growing on the account of rising awareness among consumers regarding beef as a rich source of protein coupled with increasing disposable income and a rise in population. COVID-19 caused a massive and unprecedented impact on the global market owing to the sudden temporary shutdown of supply chains provoking product shortages in the market.

The global beef market size is expected to reach USD 383.5 billion by 2025, exhibiting a 3.1% CAGR during the forecast period. Beef is one of the world’s most common meats, coming in second only to pork in terms of volume eaten. Due to the insufficient availability of this meat owing to numerous environmental and political reasons, there is a major supply-demand deficit in the industry. When compared to other meat types, beef and veal (meat from calves) have the highest protein content, which is expected to increase their demand as a primary source of protein. China is a significant market for beef meat, with growing disposable income fueling the demand for the meat.

The partial closure of the meat production industry due to COVID-19 has had a huge impact on the supply-demand curve for the beef market in 2020. Furthermore, the closing of restaurants in many parts of the world in the second and third quarters of 2020 resulted in a revenue loss for beef in the commercial market. However, the current trend during the COVID-19 pandemic is likely to raise prices of meat and beef products due to the increased demand from eCommerce and online grocery stores. 

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Beef Market Report Highlights

 On the basis of the slaughter method, the kosher and halal meat segment is predominantly consumed by the Jewish and Islamic populations respectively. Kosher and halal meat accounted for a revenue share of 14.8% and 18.7% respectively in 2017.

Based on the cut, the other cuts segment dominated the global market with a revenue share of 54.7% in 2017, mainly due to increasing demand for ribs, round, chuck, plate, and flank. The loin cut segment is expected to be the fastest-growing segment, registering a CAGR of 3.5%.

North America region dominated the global market accounting for 30.4% of the total revenue in 2017. The loin is the most preferred cut in the region and is served in all food outlets.

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Beef Market Segmentation

Grand View Research has segmented the global beef market on the basis of cut, slaughter method, and region:

Beef Cut Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)


Beef Slaughter Method Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)


Beef Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

     North America
        • The U.S.
        • Canada
        • Mexico
        • Germany
        • Russia
        • Switzerland
     Asia Pacific
        • China
        • India
        • Japan
        • Australia
        • South Korea
     Central & South America
        • Brazil
        • Argentina
        • Colombia
     Middle East & Africa

List of Key Players of Predictive Analytics 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

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About Grand View Research

Grand View Research is a U.S. & India-based market research and consultancy firm. It is headquartered in San Francisco. We provide business insights, syndicated research reports, and customized research reports to large as well as small and medium-scale enterprises. Our database features thousands of statistics and in-depth analyses on more than 45 industries. Grand View Research’s extensive database is used by Fortune 500 companies to understand the regional as well as the global business environment.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States

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