Global Beef Market Report 2022: Focus on Leading Players, Market Share, Producing Countries, Consuming Countries, Importing Countries, Exporting Countries - Forecast to 2027
Global Beef Industry is expected to reach US$ 271.6 Billion in 2027
Over the years, beef has been preferred over other meats such as mutton or pork. The lower price of beef compared to goat meat especially in India has also nudged the consumers to shift towards beef, thereby increasing its consumption.
Besides, the rising demand among consumers for convenience food has aided in the increased consumption of the beef market globally. In addition, the beef is sold under the Halal and Kosher label claims, which has also assisted in wide acceptability among the middle-eastern consumers- leading to its market expansion worldwide.
Increasing Popularity of Plant-Based & Vegan Products Poses a Major Threat to The Beef Market:
The shift in consumer lifestyles and the rising working population have increased beef sales. Manufacturers in the organic beef market are offering more ready-to-eat products to increase their consumer base.
Moreover, in recent years the industrialization of the food industry in several regions around the world has diverted gears, due to which the production of beef is witnessing a considerable growth worldwide.
Nevertheless, the demand for beef continues to remain steady, the increasing popularity of plant-based and vegan products is likely to pose a significant threat to the beef market during the forecast period.
Slowdown in Meat Industry Due to COVID-19 to Influence Market Growth:
The onset of the COVID-19 pandemic slowed down growth in the global beef market, especially in the first half of 2020. The COVID-19 related temporary shutdown and slowdown of the meat processing industry had slow growth in the market curve for beef in 2020. However, the demand from e-commerce and online retail stores amidst the enduring COVID-19 pandemic is projected to stimulate the sales of beef and beef products in 2021. However, due to the unsteady economy and the growing apprehension related to inflation, the global beef industry is on the course to witness a sluggish growth period in the upcoming years.
United States of America, Brazil, and European Union Witnesses Consistent Growth:
The report covers the production market of the United States, Brazil, European Union, China, Argentina, India, Australia, Mexico, Russia, and Canada. Beef production across these countries has witnessed consistent growth over the past few decades. United States, Brazil, and European Union remain the top three beef-producing countries around the globe.
Furthermore, the global beef demand significantly influences the overall production of beef and beef-related products in the worldwide market. Besides, the entry of various cold storage alternatives, the exponential rise in the number of local butchers, and the growing demand for protein-rich food products are some of the significant factors anticipated to fuel the expansion of the global beef market during the forecast period.
Beef Consumption Highest in the United States:
The United States remains one of the most prominent players performing in the current beef market, tracked by China and Brazil. The volume of beef consumption in the United States is envisioned to witness substantial augmentation in the forthcoming years despite the increasing number of consumers gradually leaning toward consuming non-meat products. The considerable rise in disposable incomes, specifically in developing nations such as Brazil and China, has been critical in boosting the demand for beef in recent years.
Nevertheless, middle-income nations are anticipated to push the demand for beef during the forecasted period. While the consumption of beef is expected to rise in the U.S., Australia, and Canada, the market is likely to divert from the European nations, owing to the tectonic transition toward non-meat and plant-based products, rising consumer consciousness, and growing awareness regarding the negative impact of beef on human health.
Worldwide Imports Market and Exports Market of Beef Industry:
The report covers the United States, China, Japan, South Korea, Russia, Chile, European Union, Hong Kong, Egypt, and Malaysia as importing countries. Amongst the importing countries United States, China, and Japan are the top beef importers globally.
In terms of export Brazil and India account for a significant market share. The worldwide export of beef has peaked and is expected to continue, supported by the upward consumption trend worldwide. Moreover, developed economies are registering stable growth during the forecast period. Additionally, emerging markets are expected to grow slightly faster than the developed markets in the forecast period.
Key Market Players:
The market players functioning in the current beef market persist in addressing preservation challenges associated with beef storage, the need for both, non-cured.
In addition, cured beef products are also witnessing sizeable growth. Furthermore, with increasing awareness about the adverse impact of the beef industry on the environment, players performing in the current beef market landscape are anticipated to seek novel ways to minimize their footprint on the environment.
6. Global Beef Market & Volume 6.1 Production 6.2 Consumption 6.3 Import 6.4 Export
7. Market Share - Global Beef Analysis 7.1 Volume Share 7.1.1 Production by Countries 7.1.2 Consumption by Countries 7.1.3 Import by Countries 7.1.4 Export by Countries 7.2 Market Share 7.2.1 Production by Countries
8. Producing Countries - Global Beef Market & Volume 8.1 United States 8.1.1 Market 8.1.2 Volume 8.2 Brazil 8.3 European Union 8.4 China 8.5 Argentina 8.6 India 8.7 Australia 8.8 Mexico 8.9 Russia 8.10 Canada 8.11 Others
9. Consuming Countries - Global Beef Market 9.1 United States 9.2 China 9.3 Brazil 9.4 European Union 9.5 India 9.6 Argentina 9.7 Mexico 9.8 Canada 9.9 Russia 9.10 Japan
10. Importing Countries - Global Beef Market 10.1 United States 10.2 China 10.3 Japan 10.4 South Korea 10.5 Russia 10.6 Chile 10.7 European Union 10.8 Hong Kong 10.9 Egypt 10.10 Malaysia
11. Exporting Countries - Global Beef Market 11.1 Brazil 11.2 India 11.3 Australia 11.4 United States 11.5 Argentina 11.6 New Zealand 11.7 Canada 11.8 Uruguay 11.9 Mexico 11.10 Paraguay
12. Porters Five Forces 12.1 Overview 12.2 Bargaining Power of Buyers 12.3 Bargaining Power of Suppliers 12.4 Degree of Competition 12.5 Threat of New Entrants 12.6 Threat of Substitutes
13. Key Payers Analysis 13.1 Business Overview 13.2 Recent Development 13.3 Sales Analysis
