Corned Beef Market is Estimated to Reach USD 2,666.29 Million by the end of 2028: Cognitive Market Research

Market Overview:
Corned beef, often known as salt beef in the British Commonwealth of Nations, is salt-cured beef brisket. The phrase stems from the use of large-grained rock salt, often known as "corns" of salt, to treat the meat. Brisket is tough and fatty meat that comes from the lower breast portion of a cow.
Corned beef brine also contains sugar and spices such as allspice, coriander, peppercorn, mustard seeds, and bay leaf to enhance the flavor of the meat. Sodium nitrite is also an ingredient found in most commercially cooked corn beef.
This corned meat is commonly used in casseroles, soups, sandwiches, and homemade corned beef. As a result, corned beef is in great demand.

Market Insight:
• Global Corned Beef Market is valued expected to reach USD 2,666.29 Million by the end of 2028, growing at a CAGR of 5.91% between 2021 and 2028.
• Flat Cut Revenue is estimated to reach at USD 1,616.99 Million in 2028
• Online Sale Revenue in Corned Beef to anticipated to reach USD 879.79 Million in 2028.
• North America Corned Beef market size is projected to USD 927.02 Million in 2028.

To know more The Corned Beef Market statistics click here: https://www.cognitivemarketresearch.com/corned-beef-market-report

Market Drivers:
• The increasing number of restaurants
The food service industry is growing at a significant growth rate. Food is a big part of people's life. Growing spending capacity in population has changed the food business. People are increasingly choosing restaurants that offer more than just good food. There has to be a fine balance of taste, authenticity, health, and transparency.
Quick service restaurants and fast-food restaurants have evolved as major providers of mass-produced food, which has been attracting an increasing number of people towards experiencing and enjoying their corned beef. In addition to this, many restaurants started offering numerous other services, including take-out, drive-thru, and home delivery, which are well suited to the modern lifestyle. This has gradually increased the traffic of individuals visiting hotels.
These hotels and restaurants found corned beef a major source for numerous recipes. Corned beef recipes, including glazed corned beef, crockpot corned beef and cabbage, and recipes using leftover corned beef. Corned beef can even be used in potato soup, chili, or casserole for a new spin.
Rising awareness about health-conscious diet
• Restraints for Corned Beef Market
Availability of low-priced alternative protein meats
• Opportunities for Corned Beef Market
Upsurge in the e-commerce industry

Cognitive Market Research Company's Research Methodology - https://www.cognitivemarketresearch.com/research-methodology

Market Segmentation:
Type:
• Flat Cut
Corned beef that has been flat-cut is quite popular. Corned beef with a fat cap, commonly known as flat cut corned beef, is lean and has a fat cap. It's easy to cut and presents better since it's leaner. This cut is the most popular for home corned beef recipes since it is simpler to get and less expensive. Flat slices have a wonderful taste when properly cooked. Flat-cut corned beef has low to no fat content and due to the absence of fats, the flavor is amiss as well.

• Point Cut
Point-cut corned beef has a pointed end and is rounder. It is the thickest section of the brisket that has the most marbling, fat, and connective tissue. This is why many people like them since they are more tasty, soft, and juicy. This is a great cut. It contains a dense concentration of fat hence; the flavor points out the corned beef flavor is quite fulfilling

Application:
• Online Sale
An online distribution channel is the chain of a distribution network that uses online media. Manufacturers of corned beef are presently inclined toward online sales which leads to the high market share for online sales channels. To increase sales, the corporations opened their online store. Customers can visit these online stores at any time and purchase items based on their needs and preferences. Similarly, several third-party online sales channels advertise the brand and products to its end consumers. It can be available at Amazon, ubay, BigBasket, and many other online sites

• Offline Sale
Offline distribution refers to the advertisement, presentation, and/or sale of products in a physical store setting and/or any other setting in which the people participating in the commercial activity contact face to face. Several corned beef manufacturers are focused on the offline distribution channel. Some companies have distribution partners that assist them in selling their goods. Corned beef is widely available in groceries, restaurants, supermarkets, hypermarkets, in the form of tin, and can majorly. Currently, there is high demand for corned beef has been observed. Thus, the manufacturers are focused on the penetration of their sales channel. Hence, there is a large number of offline sales channels for corned beef are available in the market.

Get free sample pages of latest published Corned Beef Market Report: https://www.cognitivemarketresearch.com/corned-beef-market-report

Competitive Analysis for Corned Beef Market:
Cargill (United States), Tyson Foods, Inc. (United States), Farmland Foods, Inc. (United States), JBS Global (United Kingdom), Deli Brands of America (United States), Century Pacific Food, Inc (United States), National Beef Packing Company LLC (United States), Princes Group (United Kingdom), Stampede Meat Inc (United States), J Freirich Foods Inc (United States), Conagra Brands Inc. (United States), Pocino Foods Company (United States)

• Century Pacific Food Inc.
Century Pacific Food Inc. is Philippines-based company, which offers canned food products in the market. The products offered in the portfolio includes meat products such as corned beef, marine, plant based, coconut. The portfolio consists of several brands such as 555, blue bay, argentina, hunts, Swift, angel, coco mama, unmeat. The company distributes its product to several regions. For instance, the company offer meat products with launch of Wov brand, offering canned meat products in the market. The involvement of company in export or distribution business leveraged its position in the market.

NEWS:
January 2022
• Century Pacific Inc Expanded UnMeat Plant based range Vegan Brand
Century Pacific Inc is engaged in expansion of plant-based vegan brand, which offers several products in the portfolio.

• Stampede Meat, Inc.
Stampede Meat, Inc. is a US based manufacturer of food products. The first facility in the western part of the U.S. was opened in December 2018 in Sunland Park, New Mexico. This facility has 142,000 square feet with an annual capacity of 100 million pounds. The company have four facilities in the Chicago area with a combined size of approximately 285,000 square feet with a combined production capacity in excess of 190 million pounds annually.

Related Report:
• Organic Beef Meats Market- https://www.cognitivemarketresearch.com/organic-beef-meats-market-report
• Beef Meats Market- https://www.cognitivemarketresearch.com/beef-meats-market-report
• Beef and Veal Market- https://www.cognitivemarketresearch.com/beef-and-veal-market-report
• Beef Protein Market- https://www.cognitivemarketresearch.com/beef-protein-market-report

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About Cognitive Market Research:
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.

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