Global Beef Market Outlook To 2026
The Beef Market was valued at $302.8Billion in 2018 and is forecast to grow at a modest3.5% CAGR between2018 and 2025, culminating in 2026 global sales of $390.5Billion.
Rising global population, growing urbanization, and their food consumption are some the important factors projected to support the market growth. Additionally, growing demand for special cuts of meat, withhalal and kosher beef, is expected to drive the market growth. This beef is processed by cows, steers, and bulls from different corners of the world. Disposable income of the consumers playing an effective role to fuel the beef market growth. Basically, beef consists of high protein than other meat such as turkey, chicken, and pork. So, Increasing awareness related to the consumption of protein over high nutritional food is taking importance between people. An emerging country like the U.S. always preferred beef meat because they identify that several types of disease associated with other meat like pork and poultry. Due to the increasein disposable income of people in China, is expected to grow the segment over the forecast period.Beef is the most consumed meat all over the world and having no second position to pork owing to its availability of protein percentage.In the year 2016, beef meat cost having higher than (>62.0%) other meats. Moreover, the disproportion in the supply of cattle may effect in the upsurge at cattle prices over the forecast period.
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Key findings from the study: -
o The Beef Market was valued at $302.8 Billion in 2018 and is forecast to grow at a modest 3.5% CAGR between 2018 and 2025, culminating in 2026 global sales of $390.5 Billion.
o Rising global population, growing urbanization, and their food consumption are some the important factors projected to support the market growth. Additionally, growing demand for special cuts of meat, with halal and kosher beef, is expected to drive the market growth. This beef is processed by cows, steers, and bulls from different corners of the world. Disposable income of the consumers playing an effective role to fuel the beef market growth.
o We have segmented the Global Beef Market based on Slaughter Method as Kosher, and Halal.
o We have segmented the Global Beef Market based on Cut Type as Brisket, Shank, and Loin.
Ameri Research has segmented the Global Beef Market by material categories, product type, end-use and region:
Global Beef MarketbySlaughter Method(Revenue, Million, 2018 - 2026)
Global Beef Market by Cut Type(Revenue, Million, 2018 - 2026)
Global Beef Market Regional Outlook (Revenue, USD Million, 2018-2026)
o North America
o Asia Pacific
o Latin America
o Middle East and Africa
o South Africa
o Saudi Arabia
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