Beef Market Size, Production, Consumption, Export and Import, Growth Rate and Price Analysis by Types and Applications, Forecast to 2031

Growth Prospects and Emerging Trends

Beef Market Size, Production, Consumption, Export and Import, Growth Rate and Price Analysis by Types and Applications, Forecast to 2031

Press Release

Beef is a culinary name for meat which is obtained from animals such as buffalos and cows. Beef is one of the world most consumed meat after pork in terms of volume consumption. Beef can be harvested from bulls, cows, steers or heifers. Acceptability of beef as a food source varies in different parts of the world. Beef can be cooked in several ways such as grilling, roasting, broiling, griddle and barbeque.

The major driving factor that is fuelling the demand for the global beef market is the rise in the disposable income of the consumers across the world. Rise in urbanization is another major factor that is driving the beef market across the world. Moreover, beef is high in protein, thus the increase in awareness of high protein consumption is met by beef. In addition, the food safety issues such as pathogen detection problems and chemical residue in meat products such as poultry and pork has increased the demand for the beef market across the world. The notable gap between demand and supply of beef due to its limited production because of several environmental and political factors is one of the major factors that is restraining the demand for the beef market globally. In addition, price rise of beef in the developed markets due to limited supply of beef from North America is another restraining factor of the beef market.

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Rise in the availability of cattle in regions such as Argentina, Paraguay, Uruguay and other countries is expected to serve as an opportunity to the global beef market. In addition, international demand for beef, sustained cattle prices and strong pasture conditions are also expected to serve as opportunities to the global beef market. By product, the global beef market can be segmented into ground beef, cubed beef and steaks. Ground beef holds the largest market share among the product types of the global beef market. Steaks are most popularly consumed in North America. Steaks are famous due to their fat content and taste. Steak has high quantity of vitamins, fats and protein.

By product grade, the global beef market is segmented into Kosher and Halal. Kosher beef has been certified to have been processed according to the Jewish dietary laws. The consumers residing in North America consume Kosher beef due to several advantages such as gastronomy, food safety and quality. Halal beef is consumed by the Islamic community across the world. Since, any other form of meat is banned; beef is the preferred form of meat among the Islamic population.

Asia Pacific is dominating the global beef market due to the increasing consumption of beef in countries such as India, China, and Japan. China is the world’s largest market for beef. Improving lifestyle of the consumers residing in China due to a significant rise in the disposable income of the consumers is the major factor fuelling the growth of the beef market in China. Middle East and Africa also accounts for a major part of the market share for the global beef market. In addition, countries such as Brazil and Argentina are also expected to show strong growth rate during the forecast period. 

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Tyson Foods Inc, Danish Crown, Marfrig Global Foods S.A., Nipponham Group and Danish Crown are some of the major players operating in the global beef market at present.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include North America Asia Pacific Europe Middle East and Africa Latin America

This report provides comprehensive analysis of Market growth drivers Factors limiting market growth Current market trends Market structure Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

Reasons for Buying this Report This report provides pin-point analysis for changing competitive dynamics It provides a forward looking perspective on different factors driving or restraining market growth It provides a six-year forecast assessed on the basis of how the market is predicted to grow It helps in understanding the key product segments and their future It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments It provides distinctive graphics and exemplified SWOT analysis of major market segments

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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