New York 4 October 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Beef industryis poised to raise USD 2,548.8 billion by 2025. Beef is the third largest consumed meat globally, with growing consumer preference towards meat as source of protein estimated to drive demand for beef over the forecast period. as well as growing disposable income in emerging markets has resulted in increased consumption of beef in difference between pork and poultry. In addition, the market is expected to witness significant growth owing to food safety issues such as chemical residue and pathogen detection in other meat products. To view the summary or to request a sample copy of this report, please click the link mentioned below:
The industry is seeming to be fairly competitive. Some of the leading market players include Jack Link’s Beef Jerky, Country Archer Jerky Co, Devour Foods, Dollar General, Old Trapper, JerkyXP, Wild Bill’s Food, Liang Pin Pu Zi, Bai Cao Wei, Ke Er Qin New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The Asia Pacific region estimated for dominating the Beef market during the forecast period.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation by around 35%
- Asia Pacific Beef market is estimated to grow at the highest CAGR during the forecast period.
- Beef steaks are estimated to be the fastest growing segment due to increased preference for high quality beef during the forecast period.
Bizwit Research & Consulting LLPhas considered following segments for the study:
- By Grade
- By Product
- Ground Beef
- Cubed Beef
- North America
- Asia Pacific
- Latin America
- Rest of the World