DUBLIN, May 5, 2022 /PRNewswire/ — The report “Global Beef Market, Size, Share, Forecast 2022-2027, Industry Trends, Growth, Outlook, Outlook, Impact of COVID-19, Business Analysis” has been added to from ResearchAndMarkets.com offer.
The global beef industry is expected to reach US$271.6 billion in 2027
Over the years, beef has been preferred over other meats such as mutton or pork. The lower price of beef compared to goat meat, especially in India has also pushed consumers to switch to beef, increasing its consumption.
In addition, growing consumer demand for ready meals has contributed to the rise in consumption of the global beef market. Additionally, the beef is sold under Halal and Kosher labels, which has also contributed to wide acceptability among Middle Eastern consumers, which has led to the expansion of its market worldwide.
The growing popularity of plant-based and vegan products poses a problem Major threat at the beef market:
Changing consumer lifestyles and an increasing labor force have increased beef sales. Manufacturers in the organic beef market are offering more ready-to-eat products to increase their customer base.
Moreover, in recent years, the industrialization of the food industry in several parts of the world has shifted gears, due to which the production of beef is witnessing a considerable growth in the world.
Nevertheless, the demand for beef remains stable, the rising popularity of plant-based and vegan products is likely to pose a significant threat to the beef market during the forecast period.
Slowdown in Meat Industry Due to COVID-19 to Influence Market Growth:
The outbreak of the COVID-19 pandemic has slowed the growth of the global beef market, especially in the first half of 2020. The COVID-related temporary shutdown and slowdown in the meat processing industry -19 slowed beef market curve growth in 2020. However, demand from e-commerce and online retail stores amid the lingering COVID-19 pandemic is expected to boost beef sales and beef products in 2021. However, due to the unstable economy and growing inflationary apprehension, the global beef industry is poised for a period of growth. slowly in the years to come.
united states of america, Braziland the European Union is constantly growing:
The report covers the market for the production of United States, BrazilEuropean Union, China, Argentina, India, Australia, Mexico, Russiaand Canada. Beef production in these countries has grown steadily over the past decades. United States, Braziland the European Union remain the top three beef producing countries in the world.
Furthermore, the global beef demand significantly influences the overall production of beef and beef-related products in the global market. Furthermore, entry of various cold storage alternatives, exponential increase in the number of local butchers, and growing demand for high protein food products are some of the prominent factors expected to fuel the expansion of the global market for beef over the forecast period. .
The highest beef consumption in United States:
United States remains one of the largest players in today’s beef market, followed by China and Brazil. The volume of beef consumption in United States is expected to see a substantial increase in the coming years despite the increasing number of consumers who are gradually shifting towards the consumption of non-meat products. The considerable increase in disposable income, particularly in developing countries such as Brazil and Chinahas played a key role in stimulating demand for beef in recent years.
Nevertheless, middle-income countries are expected to increase the demand for beef over the forecast period. While beef consumption is expected to increase in the United States, Australiaand Canadathe market is likely to shift away from European countries, due to the tectonic shift towards meatless and plant-based products, rising consumer awareness and growing awareness of the negative impact of the beef on human health.
Global Beef Industry Import Market and Export Market:
The report covers United States, China, Japan, South Korea, Russia, ChileEuropean Union, hong kong, Egyptand Malaysia as importing countries. Among importing countries United States, Chinaand Japan are the world’s largest importers of beef.
In terms of export Brazil and India represent a significant market share. Global beef exports have peaked and are expected to continue, supported by the upward trend in global consumption. Moreover, the developed economies are registering stable growth during the forecast period. Additionally, emerging markets are expected to grow slightly faster than developed markets over the forecast period.
Main market players:
Market players operating in the current beef market persist in addressing the preservation challenges associated with the storage of beef, the need for both, unsalted.
In addition, charcuterie products are also experiencing significant growth. Additionally, with growing awareness of the negative impact of the beef industry on the environment, players in the current beef market landscape should look for new ways to minimize their environmental footprint.
The major players covered in the market are
Main topics covered:
2. Research and methodology
3. Executive Summary
4. Market dynamics
4.1 Drivers of growth
5. Global Beef Market
6. Global Beef Market and Volume
7. Market Share – Global Beef Analysis
7.1 Volume sharing
7.1.1 Production by Countries
7.1.2 Consumption by Country
7.1.3 Import by country
7.1.4 Export by country
7.2 Market share
7.2.1 Production by Countries
8. Producing Countries – Global Beef Market and Volume
8.1 United States
8.3 European Union
9. Consuming Countries – World Beef Market
9.1 United States
9.4 European Union
10. Importing Countries – World Beef Market
10.1 United States
10.4 South Korea
10.7 European Union
10.8 hong kong
11. Exporting Countries – World Beef Market
11.4 United States
11.6 New Zealand
12. Carriers five forces
12.2 Bargaining power of buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of competition
12.5 Threat of new entrants
12.6 Threat of Substitutes
13. Major Payers Analysis
13.1 Business Overview
13.2 Recent Development
13.3 Sales Analysis
For more information about this report visit https://www.researchandmarkets.com/r/eoi6fy
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SOURCE Research and Markets