Market Research Report
Global Beef Market By Production, Consumption, Import, Export, Company
|Published by||Renub Research||Product code||941635|
|Published||Content info||315 Pages
Delivery time: 1-2 business days
|Global Beef Market By Production, Consumption, Import, Export, Company|
|Published: June 1, 2020||Content info: 315 Pages||
Over the years, rising demand for meat protein has led to a steady increase in beef consumption worldwide. The beef industry has shown tremendous development in the last few decades. China's appetite for beef is growing year-on-year and has replaced the United States as the world's largest beef importer in 2018. The rapid growth in Chinese beef consumption has quietly changed the global beef order, with many countries exporting a significant share of total exports to China. According to the Renub Research report, Global Beef Market will be US$ 412.2 Billion by 2026.
For the first few months of the year 2020, the global beef industry has been severely impacted by the coronavirus. The sharp fall in demand for beef was because of rumors that the virus can spread through the animals. But once the Centers for Disease Control & Prevention stated that COVID-19 can only be transmitted via direct contacts to humans and not live stocks, the growth came back to the industry. Moreover, demand uncertainty due to coronavirus-related limitations on restaurant operations and cattle markets continue to be rattled by numerous closures in processing plants.
Global demand for beef is growing as it has higher protein compared to pork, turkey, and chicken. Moreover, there is an increase in the consumption of fast food products. Additionally, non-vegetations in the United States prefer beef compared to other types of meats. Another factor is the growing demand from China due to the rise in their disposable income. Lastly, an increase in the Muslim population globally is also helping the growth of halal beef.
In this topic, we have covered 10 major beef producing countries globally. The countries covered are as follows.
This topic provides complete insight into 10 important beef consuming countries globally. The countries covered are as follows.
In this section, complete insights of 10 important beef importing countries are covered globally. The countries covered are as follows.
In this topic, we have covered 10 major beef exporting countries globally. The countries covered are as follows.