Global Beef Market Estimated To Grow At A CAGR Of 11.7% Over 2023-2032

According to analysts at Zion Market Research,global Beef Market was worth USD 9.22 Billion in 2023. The market is forecast to reach USD 24.95 Billion by 2032, growing at a compound annual growth rate (CAGR) of 11.7% during the forecast period 2024-203 The growing consciousness concerning beef as a key source of protein is likely to drive the market. Beef and veal have high protein content than turkey, chicken, pork, and lamb. The raising awareness linked with intake of protein from high nutritional food is gaining magnitude amongst people. In the U.S., meat eaters prefer beef than other meats due to different diseases associated with pork and poultry. These aspects have been contributing the market growth.

Some of the key players in the market are Danish Crown, Tyson Foods Inc., Nipponham Group, and Marfrig Global Foods S.A.

Rise In Urbanization And Disposable Income To Boost The Global Beef Market

The high demand for beef from China, propped by surging disposable earnings is likely to boost the consumption of beef in the forecasted period. The favorable administrative initiatives related to the food industry will stay a major growth factor. The rise in urbanization is another major aspect that is propelling the global beef market. Furthermore, beef is high in protein therefore the augment in the consciousness of high protein intake is met by beef. Additionally, food safety issues like pathogen detection issues and chemical deposit in meat products like pork and poultry have surged the demand for the beef market around the world. The remarkable gap amid demand and supply of beef owing to its restricted production due to several political and environmental factors is one of the key factors that are impacting the demand for the beef market globally.

The global beef market is bifurcated on the basis of beef cut, slaughter method, and regional analysis. Based on the beef cut, the market is divided into shank, brisket, loin, and others. Based on the slaughter method, the market is divided into halal, kosher, and others.

The Asia Pacific Region Estimated To Witness Major Share In The Global Beef Market

Based on the geographical analysis, the global beef market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The Asia Pacific region is dominating the global beef market as a result of the increased intake of beef in countries like Japan, Thailand, and China. China is the world’s biggest market for beef. The improving way of life of the consumers living in China owing to a noteworthy rise in the disposable earnings of the consumers is the key factor boosting the expansion of the beef market across China. Africa and the Middle East also contribute to the largest part of the market share for the beef market globally.

Browse the full “Global Beef Market - By Beef Cut (Shank, Brisket, Loin, and Others), By Slaughter Method (Halal, Kosher, and Others), and By Region - Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/beef-market

The global beef market is segmented as follows:

By beef cut:

• Loin
• Brisket
• Shank
• Others

By slaughter method:

• Halal
• Kosher
• Others

By region:

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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