Processed Beef Market Value to Surpass US$ 227 Bn in 2029
Exhibiting an impressive CAGR of ~9%, the global processed beef market will surpass US$ 227 Bn mark by 2029. This FMI study reveals that the market will grow at a steady pace during 2019 – 2029. Processed beef is a type of beef product in which a series of operations and processes are performed to prolong their shelf life, improve characteristics, such as, flavor, outer appearance, and taste and reduce the time or efforts spent in performing culinary procedures on them before consumption. Changes in consumers’ dietary preferences with changing lifestyle and growing demand for processed food and resource-intensive animal products are reflected into the growth of the processed beef market. The increasing consumption of ready-to eat food and ready-to cook products is helping the processed beef market witness growth at an accelerated pace.
Frequently asked questions about global Processed Beef market
Which buyer types segment witnesses highest growth opportunities?
The household and residential buyers accounts for the maximum share in the processed beef market. The breakfast habits of consumers are growing rapidly across the world due to which the demand for processed beef is increasing from household and residential buyers.
What is the critical trend influencing strategies adopted by manufacturers of processed beef?
Technological Innovation will be the most critical trend influencing production decisions of manufacturers. Owing to the consumer demand shift towards safe food products, there have been continuous innovation in food technologies related to biotechnologies and nanotechnologies, which enhances the quality of the food products. Manufacturers are adopting these technologies, which further eases the required process to produce processed beef.
What is the degree of competition in the processed beef market?
In developing region processed beef is still at an introductory phase, therefore, more promotions and advertisements are required to spread awareness about its health benefits. The consumption of processed beef is increasing rapidly due to its unique flavors, shelf life and nutritional properties. The demand for organic processed beef is increasing rapidly from health-conscious consumers.
Which region will lead the global sales of processed beef?
North America remains the largest shareholder in the processed beef market. However, Asia Pacific is expected to show higher growth.
Household & Residential Buyers Accounts for About 58% Share
Rising awareness about the benefits associated with processed beef products is increasing its sales among household and residential buyers. Household and residential buyers prefer processed beef as it has better taste, flavor, appearance as well as shelf life as compared to unprocessed beef. In developed regions such as North America and Europe, consumers have started opting for fresh processed meat products, including processed beef over other breakfast options such as pancakes and cereals due to their changing taste palates and willingness to try new products. The health-conscious consumers prefer natural, organic and nutritional products due to which the sale of organic processed beef is increasing rapidly by the consumers.
Developing Nations Offer Lucrative Growth Opportunities
Developed regional markets such as North America and Europe collectively account for around 51% of the global processed beef market revenues. These developed regions will show minor decline in share held by them. Meanwhile, developing countries such as China and India will show the lucrative opportunities for enterprises operating in the processed beef market. China and India are anticipated to contribute significantly to the growth of global meat and processed beef industry due to the increasing per capita income of consumers in these nations and the prevailing healthy eating trends. Packaged format of processed beef products is considered to be hygienic and of high quality as they are sold by well- established companies, such as the WH Group in China and Godrej Tyson Foods Ltd in India. In response to growing consumer demand for more fresh and healthy processed beef products, these manufacturers have shifted their focus from shelf-stable processed beef to chilled & frozen processed beef.
Rising Demand for Frozen Beef Paves Avenues for Topical Innovations
The frozen foods trend has taken off, predominantly driven by the trend of food traceability by the new-age consumers. Consumers across various regions are envisioned to invest highly in frozen food owing to the convenience factor associated with it. Swift advancements associated with freezing techniques to extend the lifespan of processed beef products without compromising on quality is pushing the sales of frozen beef in the processed beef market. These emerging consumer preferences are likely to encourage manufacturers in processed beef market to come up with interesting innovations in terms of appearance, taste, packaging and flavors, to spur the adoption of frozen beef products.
Chilled Processed Beef holds leading revenue share
Frozen Processed Beef to showcase noteworthy CAGR
Conventional holds leading revenue share
Organic to showcase noteworthy CAGR
Household & Residential holds leading revenue share
HoReCa to showcase noteworthy CAGR
Supermarkets/ Hypermarkets holds leading revenue share
Internet Retailing to showcase noteworthy CAGR
How Growth will Unfold
Strong natural, health and sustainability credentials form the basis of innovation and new product development in global food and beverages. Products made from healthier ingredients, labelled to demonstrate assurances of minimal processing or demonstrative health benefits from natural ingredients appeal to consumers, specifically to higher income and ageing consumers in developed markets. Innovation is coming from a range of start-ups and established companies around the globe in response to this trend. Manufactures in the processed beef market are concentrating on producing innovative and unique products which will attract the consumers. The manufactures are launching various processed beef products with unique flavors, forms, taste and nutritional benefits. The demand for chilled and frozen processed beef is increasing globally. The availability of the processed beef products is increasing through modern trade and online retailing.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Processed Beef Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029A recent market study published by Future Market Insights on the processed beef market offers global industry analysis for 2014-2018 & opportunity assessment for 2019–2029. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.
Processed Beef Market Taxonomy
- Food Processor & Manufacturers
- HoReCa Sector
- Household and Residential Buyers
- Traditional Grocery Stores
- Internet Retailing
- Convenience Store
- Other Sales Channel
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
The global processed beef market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
The executive summary of the processed beef market includes the market country analysis, proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global processed beef market.
Readers can find the detailed segmentation and definition of the processed beef market in this chapter, which will help them understand basic information about the processed beef market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the processed beef market report.
The associated industry assessment of the processed beef market is carried out in this section. The macroeconomic factors affecting growth of the processed beef market are provided in this section and the impact of these macroeconomic indicators on the processed beef market is analyzed. The processing overview and technological advancements in the processed beef market is also provided.
Profit margins at each level of the processed beef market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the market.
The drivers and restraints impacting the growth of the processed beef market are explained in this chapter. Opportunities and ongoing trends in the processed beef market are also comprehensively discussed.
This chapter includes detailed analysis of the historical processed beef market (2014-2018), along with an opportunity analysis for the forecast period (2019-2029). Readers can also find the absolute $ opportunity for the current year (2019 – 2020) and incremental opportunity for the forecast period (2019–2029).
Based on form, the processed beef market is segmented into chilled, frozen and shelf-stable. This section also offers market attractiveness analysis based on form.
Based on nature, the processed beef market is segmented into organic and conventional. This section also offers market attractiveness analysis based on nature.
Based on buyer type, the processed beef market is segmented into food processors and manufactures, HoReCa sector, household and residential buyer. This section also offers market attractiveness analysis based on buyer type.
This chapter provides details about the processed beef market on the basis of sales channel, and has been classified into traditional grocery stores, supermarket/hypermarket, internet retailing, convenience stores, discounters and other sales channel. In this chapter, readers can understand market attractive analysis based on sales channel.
This chapter explains how the processed beef market is anticipated to grow across North America, Latin America, Europe, Asia Pacific, Oceania, the Middle East and Africa and Japan
This chapter includes a detailed analysis of the growth of the processed beef market in the North America region, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on application and countries in the North America region.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the processed beef market in the Latin America region. This chapter also includes growth prospects of the processed beef market in leading LATAM countries such as Brazil, Mexico, Argentina, Chile, and the Rest of Latin America.
Important growth prospects of the processed beef market based on its application in several countries such as EU-4, UK, Nordic, BENELUX, Russia, and Rest of Europe are included in this chapter.
This chapter includes a detailed analysis of the growth of the processed beef market in the Asia Pacific region, along with a country-wise assessment that includes, China, India, ASEAN, South Korea and Rest of APEC. Readers can also find regional trends, regulations, and market growth based on applications and countries in the Asia Pacific region.
This chapter offers insights into how the processed beef market is expected to grow in major countries in the MEA region such as GCC Countries, Turkey, South Africa, Sub-Saharan, and the Rest of MEA, during the forecast period 2019-2029.
This chapter offers insights into how the processed beef market is expected to grow in Japan, along with different segments of the market during the forecast period of 2019-2029.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the processed beef market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the processed beef market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are JBS SA, Hormel food, Harim Co Ltd, Tyson Foods Inc., Danish Crown A/S, Cargill Meat Solution Corp., WH Group, BRF SA, Smithfield Foods, Inc., SYSCO Corp and other players.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the processed beef report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the processed beef market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Dieticians Association
- Food and Agriculture Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits