NEW YORK, Nov. 23, 2021 /PRNewswire/ --The beef market size is expected to increase by USD 43.05 bn from 2021 to 2026, registering a CAGR of 3.82%, according to the latest research report from Technavio. This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. The beef market is segmented by distribution channel (offline and online) and geography (North America, APAC, Europe, South America, and MEA).
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The report on the beef market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. The increasing demand for meat is driving the market.
The beef market covers the following areas:
Beef Market Sizing
Beef Market Forecast
Beef Market Analysis
Regional Analysis
Technavio offers an up-to-date analysis of the geographical composition of the market as well as competitive intelligence and regional opportunities. Based on geography, the market has been segmented into North America, APAC, Europe, South America, and MEA. The beef market has been dominated by APAC, which will account for 32% of the market's growth during the forecast period. China and India are the key countries for the beef market in the region. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The increasing demand for protein-rich food products will drive the beef market growth in APAC during the forecast period.
Some Companies Mentioned
- 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.
- Vion Holding NV
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Beef Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2021 |
Forecast period | 2022-2026 |
Growth momentum & CAGR | Accelerate at a CAGR of 3.82% |
Market growth 2022-2026 | USD 43.05 billion |
Market structure | Fragmented |
YoY growth (%) | 3.24 |
Regional analysis | North America, APAC, Europe, South America, and MEA |
Performing market contribution | APAC at 32% |
Key consumer countries | US, China, Brazil, Spain, and India |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | 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 |
Market Dynamics | Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for forecast period |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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 across 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