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PUBLISHER: Grand View Research | PRODUCT CODE: 1446564
PUBLISHER: Grand View Research | PRODUCT CODE: 1446564
Beef Market Size, Share & Trends Analysis Report By Cut (Brisket, Shank, Loin), By Slaughter Method (Kosher, Halal), By Region, And Segment Forecasts, 2024 - 2030
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Beef Market Growth & Trends:
The global beef market size is expected to reach USD 712.54 billion by 2030, according to a new report by Grand View Research, Inc. This market is expected to advance at a CAGR of 4.2% from 2024 to 2030. The rising demand for animal-based foods, diets rich in protein, and functional meat products primarily fuels growth of the global meat market. Additionally, there is a rising consumer awareness about the benefits of organic processed meat, which, coupled with the growing preference for gluten-free products, is anticipated to offer significant growth prospects for participants in the meat industry.
The beef industry is experiencing growth largely due to the increasing health awareness among consumers and a heightened demand for protein from animal sources. As dietary preferences evolve, there's a noticeable shift towards food products that are low in fat and calories, but high in protein. Additionally, the expanded utilization of beef in the food sector is propelling market expansion. Beef is a popular ingredient in a variety of dishes such as burgers, hotdogs, sausages, fillets, steaks, and stews, and is commonly served in cafes and restaurants, providing patrons with a range of authentic and diverse cuisine options.
Halal meat, including beef, has become popular among both Muslim and non-Muslim consumers, as this type of meat has evolved from being just a religious observation among people to an assurance of food safety, hygiene, and reliability. For example, slaughtered halal animals undergo two health checks, compared to a single inspection performed on animals during other conventional slaughter methods
Concurrently, there is a global shift in food preferences towards kosher foods, significantly influencing the adoption of kosher slaughter practices. This trend has prompted an increasing number of food providers to incorporate kosher food into their product ranges. Leading producers of kosher beef are actively focusing on product innovation and launching new products to enhance their sales, contributing to a steady growth of this market segment.
Beef Market Report Highlights:
- Asia Pacific accounted for 48.0% of the global market revenue share in 2023. The market is expected to witness significant growth through 2030, owing to the large Muslim population base in this region. Furthermore, the region's tourism sector is experiencing notable expansion. This growth, along with rising disposable incomes and the ongoing urbanization trend, is expected to be a major driving force behind expansion of the beef industry in the region from 2024 to 2030
- In terms of cut, the brisket segment is expected to grow at the fastest CAGR of 5.3% over the forecast period. The expansion of this cut segment is being propelled by a rising preference for clean-label products and growing demand for protein-rich foods. Additionally, an increasing trend towards grass-fed brisket is positively impacting this segment, contributing to overall market growth
- The North America market is expected to register a significant CAGR of 4.9% over the forecasting period, the presence of effective and sound infrastructure like sophisticated processing facilities and transportation networks, as well as intellectual expertise on issues like genetics, meat quality, and legal property rights, is supporting the beef market in the region. North America is the world's largest producer of beef for domestic and export markets. Despite the fact that grasslands are North America's most threatened terrestrial ecosystem, largely due to climatic and market pressures, most beef cattle are grass-fed at some point during their lifecycle.
Product Code: 978-1-68038-175-7
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Cut Outlook
- 2.3. Slaughter Method Outlook
- 2.4. Competitive Insights
Chapter 3. Beef Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Sales/Retail Channel Analysis
- 3.2.2. Profit Margin Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Challenges
- 3.3.4. Industry Opportunities
- 3.4. Business Environment Analysis
- 3.4.1. Industry Analysis - Porter's Five Forces
- 3.4.1.1. Supplier Power
- 3.4.1.2. Buyer Power
- 3.4.1.3. Substitution Threat
- 3.4.1.4. Threat from New Entrant
- 3.4.1.5. Competitive Rivalry
- 3.4.1. Industry Analysis - Porter's Five Forces
- 3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends and Preferences
- 4.3. Factors Affecting Buying Decision
- 4.4. Consumer Product Adoption
- 4.5. Observations & Recommendations
Chapter 5. Beef Market: Cut Estimates & Trend Analysis
- 5.1. Cut Movement Analysis & Market Share, 2023 & 2030
- 5.2. Brisket
- 5.2.1. Beef market estimates and forecast by brisket cut, 2018 - 2030 (USD Billion)
- 5.3. Shank
- 5.3.1. Beef market estimates and forecast by shank cut, 2018 - 2030 (USD Billion)
- 5.4. Loin
- 5.4.1. Beef market estimates and forecast by loin cut, 2018 - 2030 (USD Billion)
- 5.5. Others
- 5.5.1. Beef market estimates and forecast by other cuts, 2018 - 2030 (USD Billion)
Chapter 6. Beef Market: Slaughter Method Estimates & Trend Analysis
- 6.1. Slaughter Method Movement Analysis & Market Share, 2023 & 2030
- 6.2. Halal
- 6.2.1. Beef market estimates and forecast through halal slaughter method, 2018 - 2030 (USD Billion)
- 6.3. Kosher
- 6.3.1. Beef market estimates and forecast through kosher slaughter method, 2018 - 2030 (USD Billion)
- 6.4. Others
- 6.4.1. Beef market estimates and forecast through other slaughter methods, 2018 - 2030 (USD Billion)
Chapter 7. Beef Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 7.2. North America
- 7.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.2.2. Market estimates and forecast, by cut, 2018 - 2030 (USD Billion)
- 7.2.3. Market estimates and forecast, by slaughter method, 2018 - 2030 (USD Billion)
- 7.2.4. U.S.
- 7.2.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.2.4.2. Market estimates and forecast, by cut, 2018 - 2030 (USD Billion)
- 7.2.4.3. Market estimates and forecast, by slaughter method, 2018 - 2030 (USD Billion)
- 7.2.5. Canada
- 7.2.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.2.5.2. Market estimates and forecast, by cut, 2018 - 2030 (USD Billion)
- 7.2.5.3. Market estimates and forecast, by slaughter method, 2018 - 2030 (USD Billion)
- 7.2.6. Mexico
- 7.2.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.2.6.2. Market estimates and forecast, by cut, 2018 - 2030 (USD Billion)
- 7.2.6.3. Market estimates and forecast, by slaughter method, 2018 - 2030 (USD Billion)
- 7.3. Europe
- 7.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.3.2. Market estimates and forecast, by cut, 2018 - 2030 (USD Billion)
- 7.3.3. Market estimates and forecast, by slaughter method, 2018 - 2030 (USD Billion)
- 7.3.4. Germany
- 7.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.3.4.2. Market estimates and forecast, by cut, 2018 - 2030 (USD Billion)
- 7.3.4.3. Market estimates and forecast, by slaughter method, 2018 - 2030 (USD Billion)
- 7.3.5. Russia
- 7.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.3.5.2. Market estimates and forecast, by cut, 2018 - 2030 (USD Billion)
- 7.3.5.3. Market estimates and forecast, by slaughter method, 2018 - 2030 (USD Billion)
- 7.3.6. Switzerland
- 7.3.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.3.6.2. Market estimates and forecast, by cut, 2018 - 2030 (USD Billion)
- 7.3.6.3. Market estimates and forecast, by slaughter method, 2018 - 2030 (USD Billion)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.4.2. Market estimates and forecast, by cut, 2018 - 2030 (USD Billion)
- 7.4.3. Market estimates and forecast, by slaughter method, 2018 - 2030 (USD Billion)
- 7.4.4. China
- 7.4.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.4.4.2. Market estimates and forecast, by cut, 2018 - 2030 (USD Billion)
- 7.4.4.3. Market estimates and forecast, by slaughter method, 2018 - 2030 (USD Billion)
- 7.4.5. Japan
- 7.4.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.4.5.2. Market estimates and forecast, by cut, 2018 - 2030 (USD Billion)
- 7.4.5.3. Market estimates and forecast, by slaughter method, 2018 - 2030 (USD Billion)
- 7.4.6. India
- 7.4.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.4.6.2. Market estimates and forecast, by cut, 2018 - 2030 (USD Billion)
- 7.4.6.3. Market estimates and forecast, by slaughter method, 2018 - 2030 (USD Billion)
- 7.4.7. Australia
- 7.4.7.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.4.7.2. Market estimates and forecast, by cut, 2018 - 2030 (USD Billion)
- 7.4.7.3. Market estimates and forecast, by slaughter method, 2018 - 2030 (USD Billion)
- 7.4.8. South Korea
- 7.4.8.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.4.8.2. Market estimates and forecast, by cut, 2018 - 2030 (USD Billion)
- 7.4.8.3. Market estimates and forecast, by slaughter method, 2018 - 2030 (USD Billion)
- 7.5. Central & South America
- 7.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.5.2. Market estimates and forecast, by cut, 2018 - 2030 (USD Billion)
- 7.5.3. Market estimates and forecast, by slaughter method, 2018 - 2030 (USD Billion)
- 7.5.4. Brazil
- 7.5.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.5.4.2. Market estimates and forecast, by cut, 2018 - 2030 (USD Billion)
- 7.5.4.3. Market estimates and forecast, by slaughter method, 2018 - 2030 (USD Billion)
- 7.5.5. Argentina
- 7.5.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.5.5.2. Market estimates and forecast, by cut, 2018 - 2030 (USD Billion)
- 7.5.5.3. Market estimates and forecast, by slaughter method, 2018 - 2030 (USD Billion)
- 7.5.6. Colombia
- 7.5.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.5.6.2. Market estimates and forecast, by cut, 2018 - 2030 (USD Billion)
- 7.5.6.3. Market estimates and forecast, by slaughter method, 2018 - 2030 (USD Billion)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.6.2. Market estimates and forecast, by cut, 2018 - 2030 (USD Billion)
- 7.6.3. Market estimates and forecast, by slaughter method, 2018 - 2030 (USD Billion)
Chapter 8. Competitive Landscape
- 8.1. Recent developments & impact analysis, by key market participants
- 8.2. Company Categorization
- 8.3. Participant's Overview
- 8.4. Financial Performance
- 8.5. Product Benchmarking
- 8.6. Company Market Share Analysis, 2023 (%)
- 8.7. Company Heat Map Analysis
- 8.8. Strategy Mapping
- 8.9. List of key companies analyzed in this section include:
- 8.9.1. Tyson Foods, Inc.
- 8.9.2. Danish Crown
- 8.9.3. Cargill Incorporated
- 8.9.4. Marfrig Global Foods S.A.
- 8.9.5. NH Foods Ltd.
- 8.9.6. Minerva Foods
- 8.9.7. St. Helen's Meat Packers
- 8.9.8. Hormel Foods Corporation
- 8.9.9. JBS USA
- 8.9.10. National Beef Packing Company, LLC
- 8.9.11. Vion Food Group
- 8.9.12. Australian Agricultural Company Limited
Product Code: 978-1-68038-175-7
List of Tables
- 1. Beef market - Driving factor market analysis
- 2. Beef market - Restraining factor market analysis
- 3. Beef market estimates & forecast, by cut (USD Billion)
- 4. Beef market estimates & forecast, by slaughter method (USD Billion)
- 5. U.S. macro-economic outlay
- 6. Canada macro-economic outlay
- 7. Mexico macro-economic outlay
- 8. Russia macro-economic outlay
- 9. Germany macro-economic outlay
- 10. Switzerland macro-economic outlay
- 11. China macro-economic outlay
- 12. Japan macro-economic outlay
- 13. India macro-economic outlay
- 14. Australia macro-economic outlay
- 15. South Korea macro-economic outlay
- 16. Brazil macro-economic outlay
- 17. Argentina macro-economic outlay
- 18. Colombia macro-economic outlay
- 19. Recent developments & impact analysis, by key market participants
- 20. Company market share, 2023 (Value % Share)
- 21. Company heat map analysis
List of Figures
- 1. Information procurement
- 2. Primary research pattern
- 3. Primary research approaches
- 4. Primary research process
- 5. Market Snapshot
- 6. Segment Snapshot
- 7. Segment Snapshot
- 8. Competitive Landscape Snapshot
- 9. Beef market size, 2018 to 2030 (USD Billion)
- 10. Beef market: Value chain analysis
- 11. Beef market: Profit-margin analysis
- 12. Beef market: Dynamics
- 13. Beef market: Porter's five forces analysis
- 14. Beef market, by cut: Key takeaways
- 15. Beef market, by cut: Market share, 2023 & 2030
- 16. Beef market estimates & forecast, by brisket, 2018 - 2030 (USD Billion)
- 17. Beef market estimates & forecast by shank, 2018 - 2030 (USD Billion)
- 18. Beef market estimates & forecast by loin, 2018 - 2030 (USD Billion)
- 19. Beef market estimates & forecast by others, 2018 - 2030 (USD Billion)
- 20. Beef market, by slaughter method: Key takeaways
- 21. Beef market, by slaughter method: Market share, 2023 & 2030
- 22. Kosher market estimates and forecast, 2018 - 2030 (USD Billion)
- 23. Halal market estimates and forecast, 2018 - 2030 (USD Billion)
- 24. Other methods market estimates and forecast, 2018 - 2030 (USD Billion)
- 25. Beef market revenue, by region, 2023 & 2030 (USD Billion)
- 26. Regional marketplace: Key takeaways
- 27. Regional marketplace: Key takeaways
- 28. North America beef market estimates & forecast, 2018 - 2030 (USD Billion)
- 29. U.S. beef market estimates & forecast, 2018 - 2030 (USD Billion)
- 30. Canada beef market estimates & forecast, 2018 - 2030 (USD Billion)
- 31. Mexico beef market estimates & forecast, 2018 - 2030 (USD Billion)
- 32. Europe beef market estimates & forecast, 2018 - 2030 (USD Billion)
- 33. Russia beef market estimates & forecasts, 2018 - 2030 (USD Billion)
- 34. Germany beef market estimates & forecasts, 2018 - 2030 (USD Billion)
- 35. Switzerland beef market estimates & forecasts, 2018 - 2030 (USD Billion)
- 36. Asia Pacific beef market estimates & forecast, 2018 - 2030 (USD Billion)
- 37. China beef market estimates & forecast, 2018 - 2030 (USD Billion)
- 38. Japan beef market estimates & forecast, 2018 - 2030 (USD Billion)
- 39. India beef market estimates & forecast, 2018 - 2030 (USD Billion)
- 40. Australia beef market estimates & forecast, 2018 - 2030 (USD Billion)
- 41. South Korea beef market estimates & forecast, 2018 - 2030 (USD Billion)
- 42. Central & South America beef market estimates & forecast, 2018 - 2030 (USD Billion)
- 43. Brazil beef market estimates & forecast, 2018 - 2030 (USD Billion)
- 44. Argentina beef market estimates & forecast, 2018 - 2030 (USD Billion)
- 45. Colombia beef market estimates & forecast, 2018 - 2030 (USD Billion)
- 46. Middle East & Africa beef market estimates & forecast, 2018 - 2030 (USD Billion)
- 47. Key company categorization
- 48. Company market share analysis, 2023
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