Industrializationof Food Industry to Drive Market
Beefconsumption across developing regions including Asia Pacific, Latin America,and Middle East & Africa has witnessed consistent growth over the past fewdecades. The global beef supply chain has a large influence on the overallpricing of beef and beef-related products. Beef consumption has increased at aconsistent pace over the past few decades despite concerns raised by scientistsand researchers pertaining to the consumption of red meat. Entry of variouscold storage alternatives, exponential rise in the number of local butchers,and increasing demand for protein-rich food products are some of the majorfactors expected to fuel the growth of the global beefmarket during the forecast period.
Moreover,as market players operating in the current beef market continue to addresspreservation challenges associated with beef storage, the demand for both,non-cured as well as cured beef products has witnessed a sizeable growth. Theindustrialization of the food industry in several regions around the world hasshifted gears in recent years due to which, the production of beef sawconsiderable growth worldwide. While the demand for beef continues to remainsteady, the increasing popularity of plant-based and vegan products could poseas a major threat to the beef market during the assessment period.
Beef Consumption Highest in U.S.
The U.S.is expected to remain one of the most prominent markets for the playersoperating in the current beef market followed by China and Brazil. The volumeof beef consumption in these countries is expected to witness considerablegrowth in the upcoming years despite the increasing number of consumers who aregradually leaning toward the consumption of non-meat products. Furthermore, dueto increasing awareness pertaining to the negative impact of the beef industryon the environment, players operating in the current beef market landscape areexpected to seek novel ways to minimize their footprint on the environment. Thesignificant rise in disposable incomes, particularly in developing nations suchas Brazil and China is playing an imperative role in boosting the demand forbeef in recent years.
RequestSample
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7951
Themiddle-income nations are expected to drive the demand for beef during theassessment period. While the consumption of beef is projected to rise in theU.S., Australia, and Canada, the demand is likely to slow down from theEuropean nations, owing to the tectonic shift toward non-meat and plant-basedproducts, increasing consumer consciousness, and growing awareness pertainingto the negative impact of beef on human health.
MoreTrending Reports
Slowdown in Meat Processing Due to COVID-19 to Influence MarketGrowth
The onsetof the COVID-19 pandemic is anticipated to have a strong impact on the globalbeef market, especially in the first half of 2020. The COVID-19-relatedtemporary shutdown and slowdown of the meat processing industry are expected tohave a strong impact on the supply-demand curve for beef in 2020. The closureof restaurants in the second and third quarter of 2020 in many regions of theworld had a negative impact on the overall demand for beef from the commercialsector. However, the demand from eCommerce and online retail stores amid theongoing COVID-19 pandemic is projected to boost the sales of beef and beefproducts in 2020. However, due to the fluctuating economy and the growinguncertainty related to inflation, the global beef market is on the course towitness a sluggish growth period in the upcoming months.
Buy Now
https://www.transparencymarketresearch.com/checkout.php?rep_id=7951<ype=S
