Beef is a culinary name for cattle meat. Meat that has been cured in a salt solution is called corned beef. The meat was salted and cured before refrigeration to help preserve Beef and veal have the highest protein content, which is expected to enhance the demand as a primary source of protein. Veal has the highest protein level of any meat, with 33.9% per 100 gm cooked.
The Beef Market was valued at US$ 508.48 Billion in 2029. The Global Beef Market size is estimated to grow at a CAGR of 3.2% over the forecast period.
Beef Market Overview:
This Beef market study looks at current and emerging industry trends and dynamics in the global Beef market. Beef Extensive market forecasting for the major market segments is carried out between 2021 and 2027. Extensive Beef market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive landscape of the worldwide Beef market, key players are profiled and their strategies are thoroughly evaluated.
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Beef Market Scope:
The analysis contains a current examination of the present Beef market landscape, as well as the most recent trends and drivers, as well as an overview of the entire Beef market environment. Increased demand for Beef is driving the market. The Beef market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.
Segmentation:
Based on Cut, the market is segmented into Brisket, Shank, Loin, and Others. The brisket segment is expected to dominate the market during the forecast period. The factors attributing to the growth are the increasing use of brisket in the preparation of corned beef around the world, mostly among the Jews. The brisket is the meat wrapped around the breastbone. The factor fuelling the segment is the convenience of slow-cooking brisket on a grill, including the fact that it is one of the most delectable pieces of meat. The shank is anticipated to rise at the fastest rate of CAGR of xx% during the forecast period, owing to the growing use of shank in the creation of low-fat grounded beef due to its leanness.
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Key Players:
The market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the market’s major influencing factors, as well as complete company profiles of
• JBS SA
• National Beef Packing Company, LLC
• American Foods Group, LLC
• Agri Beef Co.
• Perdue Farms Inc.
• Tyson Foods, Inc
• Strauss Brands LLC
• Cargill, Incorporated
• Central Valley Meat
• Danish Crown A/S
• NH Foods Ltd
• Vion Food group
• Hormel Foods Corporation
• St Helen’s Meat Packers
Regional Analysis:
Individual market influencing variables and changes in market laws that impact present and future market trends are also included in the regional segment of the Beef market study. Data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies are just a few of the indicators utilized to anticipate market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.
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COVID-19 Impact Analysis on Beef Market:
The COVID-19 epidemic has had a significant impact on the global Beef industry. Beef Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Beef market to decelerate in 2020. The negative impact of COVID-19 on the Beef market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2021, owing to increased demand for Beef .
Key Questions Answered in the Beef Market Report are:
- Which segment was responsible for the largest share in the Beef market?
- How was the competitive scenario of the Beef market in 2020?
- Which are the key factors responsible for the Beef market growth?
- Which region held the maximum share in the Beef market in 2020?
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