PUBLISHER: SkyQuest | PRODUCT CODE: 1244288
PUBLISHER: SkyQuest | PRODUCT CODE: 1244288
Global Beef and Veal Market was valued at USD 434.51 billion in 2021, and it is expected to reach a value of USD 619.59 billion by 2028, at a CAGR of 5.2% over the forecast period (2022-2028).
Global Beef and Veal market refers to the consumption and production of cocoa and chocolate products in the Asia Pacific region. The Asia Pacific region includes countries such as China, India, Japan, South Korea, Australia, and New Zealand, among others. Top-down and bottom-up approaches were used to estimate and validate the size of Global Beef and Veal Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in report
Global beef and veal market is segmented on the basis of Type, Distribution Channels, and Region. Based on Type, the market is segmented into Beef and Veal. Based on Distribution Channel, the market is segmented into supermarkets, hypermarkets, convenience stores, specialty stores, and online retail platforms. Based on region, the global market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East Africa.
Drivers
The beef and veal market is being driven by several factors, including the rising awareness of the health benefits associated with meat-based protein. These meats contain essential nutrients and amino acids that can be beneficial to human health. Furthermore, the growing preference of consumers for low-calorie, high-protein food options is also contributing to the increased demand for red meat.
Restrains
Environmental concerns have led to protests against the environmental impact caused by methane emissions from cattle, which is a potent greenhouse gas. Additionally, unethical practices in animal husbandry have caused a shift in consumer behavior, with many opting to avoid beef and veal meat.
Trends
The beef and veal market is expected to continue to grow, as global trends such as urbanization, globalization, and modernization are contributing to its expansion. Furthermore, the integration of analytical services and machine learning and artificial intelligence is also boosting the industry, particularly among small and medium-sized enterprises in developing nations.