16 July 2019
Visiongain has launched a new food & beverage report Beef Market Report 2019-2029 : Forecasts by Cut (Brisket, Shank, Loin), by Slaughter Method (Kosher and Halal) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
The global Beef Market is anticipated to experience moderate growth over the forecast period. Beef consumption has been steady in recent years, following a sharp decline in 2015 due to a significant increase in the retail price of beef globally. Beef sales, along with many other categories, faced a challenging year particularly in 2018, with a difficult trading environment across many developed economies. Flat household income growth, combined with a rising cost of living (electricity, childcare, etc), led to more cautious consumers and suppressed consumer spending. The relationship between retail price and per capita consumption is extremely strong, reflected in consumer research, which continues to show that price as the main reason for consumers eating less red meat, well above health or animal welfare/environmental concerns.
Despite recent challenges faced by the companies operating in the global beef market, consumers primarily in developed economies love beef and remain to drive the growth of the market. However, maintained beef per capita consumption is anticipated to face some challenges as the forecast supply pressures on beef price may lead to growing price spread against chicken and pork. Thus, reinforcing beef's strengths as a superior, versatile, quality and nutritious offering will be critical for the producers to keeping its large role in consumer diets. Further, households in developing economies such as India, where economies continue to increase, are seeking to improve the quality and quantity of beef they consume on per capita basis.
Some of the major companies operating in the global Beef market are Tyson Foods, Inc., Danish Crown, Cargill, Incorporated, Marfrig Global Foods S.A., NH Foods Ltd., Minerva Foods, St Helen's Meat Packers, Hormel Foods Corporation, JBS USA, National Beef Packing Company, LLC., Vion Food Group, and Australian Agricultural Company Limited.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to firstname.lastname@example.org or call her on +44 (0) 207 336 6100.
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
The growth in the market is attributed to increasing consumption of processed food, the governments support for the use of equipment and processing methods in developing countries, and the demand for food safety, safety of workers, the presence of small and medium enterprises in developing countries, rising raw material costs, and international trade rules.
26 January 2021
As demand for new, minimally processed foods and drinks increases, more distributors stock their shelves with goods produced using HPP to help ensure food safety, food quality and the reduction of food waste.The key reason manufacturers said they use HPP is for extending shelf life, with longer shelf life resulting in lower food loss due to expired or spoiled meat.
17 December 2020
Growing awareness about the nutritional benefits of alpha lactalbumin among consumers is a major factor supporting market growth of Alpha Lactalbumin in key geographies.
05 November 2020
Growing demand of plant protein is a key factor augmenting market growth of almond protein, especially in developed nations such as the U.S., Canada, Germany and U.K. among others.