U.S. Dry Aging Beef Market Analysis by Industry Perspective, Analysis, Growth and Forecast

Dry aging beef is a process in which the beef is placed or hung on racks for several weeks to facilitate drying. Primal (large distinct sections) or subprimal cuts, such as strip loins, sirloin, and rib eyes, are placed in refrigeration units to facilitate drying. This process incurs significant expenses, as beef must be stored at near freezing temperatures. Subprimal cuts are dry aged on racks in specially designed climate-controlled coolers.

In addition, dry aging can be done in moisture-permeable drybags. This process involves the use of high grade meat with evenly distributed fat content. Hence, dry aged beef is available in steak restaurants and upscale butcher shops or grocery stores.

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U.S. Dry Aging Beef Market was valued at $10,446 million in 2015, and is expected to reach $11,176 million by 2020, supported by a CAGR of 1.3% during the forecast period 2016 to 2020.

High demand for beef among consumers is the major factor that drives the U.S. market. In addition, the retail prices of beef have increased in the recent years, resulting in significant revenue generation in the U.S. market. According to the U.S. Department of Agriculture, the export of beef from the U.S. was valued at $7 billion and $6 billion in 2014 and 2015, respectively.

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Some of the key players in the industry are DrybagSTeak, LLC., DeBragga, The Ventura Meat Company, Buckhead beef, Chicago Steak Company, and American Grass Fed Beef, Fairway Packing Company, West Coast Prime Meats, DryAgePro, Henkelman, and Creek Bed Country Farmacy, LLC.

U.S. DRY AGING BEEF MARKET KEY BENEFITS:
In-depth analysis of the dry aging beef market and estimations for the U.S. between 2014 and 2020 are presented in the report.

Competitive intelligence of leading manufacturers and distributors assists understand the competitive scenario in the U.S.

The market analysis for the factors that drive and restrain the growth of the market are provided.

Extensive analysis of the beef industry is conducted by following key product positioning and monitoring the top competitors within the market framework.

Key market players are profiled and their strategies are analyzed thoroughly, which provides a competitive outlook of the market.

Dry aging beef production market share by key producers (meat processors, distributors, loin butcher companies, and end users) in the U.S. is also provided in the report.

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