Beef market to grow by USD 43.05 billion from 2021 to 2026 | The increasing demand for meat to boost market growth - Technavio

NEW YORK, Aug. 21, 2023 /PRNewswire/ -- The beef market size is expected to increase by USD 43.05 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.82%. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Technavio offers an up-to-date analysis of the current global market scenario and the overall market environment. Read Sample Report

The report also covers the following areas:

• Beef Market size
• Beef Market trends
• Beef Market industry analysis

Beef market 2022-2026: Segmentation

• Distribution Channel
• Offline
• Online
• Geography 
• North America
• APAC
• Europe
• South America
• MEA

APAC is estimated to contribute 32% to the growth of the global market during the forecast period. China and India are the key contributors to the beef markets in APAC. Market growth in this region will be faster than the growth of the market in other regions. Hence, the increasing demand from the major countries is expected to drive market growth in the region during the forecast period.

What's New?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial  - buy the report!

Beef Market 2022-2026: Company Analysis and Scope

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To help businesses improve their market position, the beef market provides a detailed analysis of around 25 companies operating in the market. Some of these companies include Cargill Inc., Danish Crown AS, Hormel Foods Corp., JBS SA, Marfrig Global Foods SA, Minerva Foods SA, NH Foods Ltd., St. Helens Meat Packers Ltd, Tyson Foods Inc., and Vion Holding NV.

Beef Market 2022-2026: Market Dynamics

Key Drivers

The increasing demand for meat is a key factor driving market growth. The largest portion of the total demand for meat products is for fresh meat, and during the projected period, demand is anticipated to increase at a steady rate. While the increase is anticipated in APAC and Europe, the rate of meat consumption in North America is predicted to be moderate due to growing health concerns. Furthermore, pork and poultry consumption rates have increased in North America and Western Europe because of the red meat substitution with leaner meat. Poultry consumption is anticipated to outpace that of all other types of meat. Hence, these factors are expected to drive market growth during the forecast period.

Significant Challenges- Stringent government regulation is a significant challenge restricting market growth. 

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

Beef Market 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist beef market growth during the next five years
• Estimation of the beef market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the beef market
• Analysis of the market's competitive landscape and detailed information on companies
• Comprehensive details of factors that will challenge the growth of beef market companies

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Related Reports:
The meat market is estimated to grow at a CAGR of 7% between 2022 and 2027. The market size is forecast to increase by USD 522.63 billion. This meat market report extensively covers market segmentation by product (poultry, pork, beef, and others), type (processed and fresh), and geography (Europe, APAC, North America, South America, and Middle East and Africa). The expansion in the retail landscape is one of the key factors driving the growth of the meat market.

The deli meat market is estimated to grow at a CAGR of 7.78% between 2022 and 2027. The size of the market is forecast to increase by USD 76.75 billion. This report extensively covers market segmentation by product (cured deli meat and uncured deli meat), distribution channel (offline and online), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The increase in product launches is notably driving market growth.

Table of Contents

Executive Summary

Market Landscape

Market Sizing

Historic Market Size

Five Forces Analysis

Market Segmentation by Distribution Channel

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, and Trends

Vendor Landscape

Vendor Analysis

Appendix

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio