[Latest] Global Beef Market Size/Share Worth USD 645.6

Austin, TX, USA, April 25, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Beef Market Size, Trends and Insights By Product Type (Loin, Chuck, Round, Brisket, Rib, Others), By Distribution Channel (Supermarket and Hypermarket, Retail Sales, HoReCa, E-Commerce, Butcher Shops), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.

“According to the latest research study, the demand of global Beef Market size & share was valued at approximately USD 446.3 Billion in 2023 and is expected to reach USD 450.5 Billion in 2024 and is expected to reach a value of around USD 645.6 Billion by 2033, at a compound annual growth rate (CAGR) of about 4.5% during the forecast period 2024 to 2033.”

Click Here to Access a Free Sample Report of the Global Beef Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=44134

Beef Market: Overview

Beef is meat derived from cattle, especially domesticated cattle that include cows, bulls, steers, and calves. It is one of the most popular forms of meat worldwide and a good source of protein in various diets. Beef can be grilled, roasted, stewed, or fried, and it is used in a variety of meals across the world.

Several worldwide trends influence the beef industry. Increased demand for high-quality, sustainably produced beef products, is being driven by rising consumer awareness regarding environmental and ethical issues. It involves a preference for grass-fed, organic, and locally sourced beef.

Furthermore, technical advances in meat processing and packaging are increasing efficiency and shelf life, appealing to customer convenience and safety concerns. Furthermore, wellness and health trends are impacting product innovation, with a growing demand for leaner cuts and value-added beef products infused with functional ingredients.

In addition, the rise of alternative protein sources, which include plant-based and lab-grown meats, is creating new competition and encouraging innovation in the traditional beef business. Overall, these changes represent increasing consumer choices and corporate reactions to environmental and health issues.

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By product type, the loin segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. The loin, famed for its softness and flavour, is a popular top cut of beef among both customers and chefs. Its adaptability in a variety of cuisines, as well as its reputation for superior quality, drives demand and shapes market trends.

By distribution channel, the supermarket and hypermarket segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Supermarkets and hypermarkets boost the beef industry by offering a diverse assortment of beef products, making it convenient for consumers to purchase meat alongside other items. Its large-scale operations as well as advertising methods have an impact on customer preferences and purchase decisions.

North America dominates the beef market thanks to its powerful beef producing business, high consumption rates, strong export capacities, and effective supply chain infrastructure. Furthermore, customer preferences for beef products add to the industry’s global domination.

Tyson Foods, Inc. is an American multinational firm headquartered in Springdale, Arkansas, that engages in the food sector. The corporation is the globe’s second-biggest producer and marketer of poultry, beef, and pork, behind only JBS S.A. Every year, it exports the most beef from the United States. It operates significant food brands, notably, Aidells, Hillshire Farm, Ball Park, Wright Brand, Jimmy Dean, and State Fair, through its subsidiary companies.

Report Scope

Feature of the Report	Details
Market Size in 2024	USD 450.5 Billion
Projected Market Size in 2033	USD 645.6 Billion
Market Size in 2023	USD 446.3 Billion
CAGR Growth Rate	4.5% CAGR
Base Year	2023
Forecast Period	2024-2033
Key Segment	By Product Type, Distribution Channel and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Beef report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Beef report has been modified to include the COVID-19 impact study prior to delivery.)

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CMI has comprehensively analyzed the Global Beef market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict an in-depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Beef industry.

The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.

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Key questions answered in this report:

What is the size of the Beef market and what is its expected growth rate?
What are the primary driving factors that push the Beef market forward?
What are the Beef Industry's top companies?
What are the different categories that the Beef Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Beef market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2024−2033
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Beef Market: Regional Insight

By region, Beef market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa. North America dominated the global Beef market in 2023 with a market share of 43% and is expected to keep its dominance during the forecast period 2024-2033.

North America has a sizable and affluent customer base that favors beef products. The United States, in particular, is one of the globe’s greatest beef consumers, with a culture that values beef-centric food like steaks, hamburgers, and barbecue.

In addition, North America has a highly established and efficient beef producing business. States such as the United States, Canada, and Mexico have large beef cattle ranching operations, innovative breeding techniques, and sophisticated meat processing plants.

This ensures a steady supply of high-quality beef products to fulfil domestic demand while also exporting to overseas markets. Furthermore, technical developments and innovation in the North American beef sector boost its competitiveness and market domination.

From genetic advances in cattle breeds to precision farming techniques and meat processing technologies, the industry is constantly looking for ways to increase productivity and improve products. Additionally, North America’s worldwide trade links have a considerable impact on the beef industry.

The region is a significant beef exporter, providing nations throughout the world with a wide variety of beef products. Trade agreements, logistical infrastructure, and market access efforts help North American beef get to overseas markets, boosting its reach and impact.

To summarise, North America’s substantial consumer demand, superior beef production capabilities, advancements in technology, and worldwide trade links combine to position it as a powerhouse in the global beef market, driving growth and shaping industry dynamics on a global scale.

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Browse the full “Beef Market Size, Trends and Insights By Product Type (Loin, Chuck, Round, Brisket, Rib, Others), By Distribution Channel (Supermarket and Hypermarket, Retail Sales, HoReCa, E-Commerce, Butcher Shops), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” Report at https://www.custommarketinsights.com/report/beef-market/

List of the prominent players in the Beef Market:

JBS S.A.
Tyson Foods Inc.
Cargill Inc.
Marfrig Global Foods S.A.
National Beef Packing Company LLC
Minerva S.A.
NH Foods Ltd.
Nipponham Holdings Inc.
Smithfield Foods Inc.
Danish Crown A/S
BRF S.A.
Vion Food Group
Miratorg Agribusiness Holding
Kerry Group
Sysco Corporation
American Foods Group
R. Simplot Company
Australian Agricultural Company Limited
JBS Australia Pty Limited
Fomento Economico Mexicano SAB de
Others

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The Beef Market is segmented as follows:

By Product Type

Loin
Chuck
Round
Brisket
Rib
Others

By Distribution Channel

Supermarket and Hypermarket
Retail Sales
HoReCa
E-Commerce
Butcher Shops

Click Here to Get a Free Sample Report of the Global Beef Market @ https://www.custommarketinsights.com/report/beef-market/

Regional Coverage:

North America

U.S.
Canada
Mexico
Rest of North America

Europe

Germany
France
U.K.
Russia
Italy
Spain
Netherlands
Rest of Europe

Asia Pacific

China
Japan
India
New Zealand
Australia
South Korea
Taiwan
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This Beef Market Research/Analysis Report Contains Answers to the following Questions.

Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Beef Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Beef Market? What Was the Capacity, Production Value, Cost and PROFIT of the Beef Market?
What Is the Current Market Status of the Beef Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Beef Market by Considering Applications and Types?
What Are Projections of the Global Beef Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Beef Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Beef Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Beef Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Beef Industry?

Click Here to Access a Free Sample Report of the Global Beef Market @ https://www.custommarketinsights.com/report/beef-market/

Reasons to Purchase Beef Market Report

Beef Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Beef Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Beef Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Beef Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Beef market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

Buy this Premium Beef Research Report | Fast Delivery Available - [220+ Pages] @ https://www.custommarketinsights.com/report/beef-market/

What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Beef market analysis.

The competitive environment of current and potential participants in the Beef market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Beef market should find this report useful. The research will be useful to all market participants in the Beef industry.
Managers in the Beef sector are interested in publishing up-to-date and projected data about the worldwide Beef market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Beef products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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