Global Beef Market | Renub Research

According to the latest report by Renub Research, titled “Global Beef Market By Production, Consumption, Import, Export, Company” The demand for meat has increased in China, especially beef, and it has replaced the United States from the first place for beef consumption. This growth is due to the rise in disposable income of China and the United States. Most of the non-vegetarians in the United States prefer beef over other meat products like pork, chicken, mutton, turkey, etc. This growth in consumption throughout the world, for beef, has increased with better supply chain and growing demand for protein in multiple counties.

The major driving factor that’s fuelling the demand for the worldwide beef market is the rise in the income of the consumers across the world. The rise in urbanization is another major factor that’s driving the beef market across the globe. Moreover, beef is high in protein, thus the increase in awareness of high protein consumption is met by beef. additionally, the food questions of safety like pathogen detection problems and chemical residue in meat products like poultry and pork have increased the demand for the beef market across the world. The notable gap between demand and provision of beef thanks to its limited production due to several environmental and political factors is one of the main factors that’s restraining the demand for the meat market globally. additionally, the price rise of beef within the developed markets thanks to the limited supply of beef from North America is another restraining factor of the meat market.

Beef is also used in fast food products in the United States and western countries. The consumption of beef in other countries like Russia, Chile, Japan, South Korea, Hong Kong, Egypt, Malaysia has grown during the past few years; this growth will propel beef meat market in the forecasted years as well. According to Renub Research analysis, Global Beef Market is forecasted to be US$ 412.2 Billion by the end of the year 2026.

The impact of COVID-19 on Global Beef Industry

The global beef industry is disturbed by the breakdown of Coronavirus, due to which market for beef will decline in the year 2020, as the global supply chain has broken due to restrictions imposed by government authorities. Moreover, globally countries have imposed temporary lockdown to stop the spread of COVID, and rumours of a virus transmitted from livestock to human have also restricted the growth of the beef market during that period. According to Renub Research findings, the beef market will have a decline in the first half of the year 2020, but it will have a quick recovery in the second half of the year 2020.

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Market Summary:

By Producing Countries: This research report provides the market and volume analysis of the United States, Canada, European Union, Argentina, Russia, Brazil, China, Australia, India, Pakistan and Rest of the World.

By Consuming Countries: Beef consumption of the following countries: United States, European Union, Argentina, Mexico, Russia, Brazil, China, Japan, India and Pakistan are provided in this research report.

By Importing Countries: The import of beef meat of the following countries: United States, European Union, Russia, Chile, China, Japan, South Korea, Hong Kong, Egypt and Malaysia are covered in this research report.

By Exporting Countries: The beef export market of the following countries: United States, Canada, European Union, Mexico, Uruguay, Argentina, Brazil, Australia, New Zealand, and India are covered in this research report.

By Company: The company Overview, Recent Developments and Sales Analysis of Danish Crown, Tyson Foods Inc, Vion Food Group, and WH Group Limited are provided in this research report.

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About Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises of major players in Life Sciences, Information Technology, Telecom, Financial Services (Banking, Insurance), Energy, Retail, Manufacturing, Automotive, and Social sector. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

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Global Beef Market Forecast By Production, Import & Export – Renub Research

Over the years, rising demand for meat protein has led to a steady increase in beef consumption worldwide. The beef industry has shown tremendous development in the last few decades. China’s appetite for beef is growing year-on-year and has replaced the United States as the world’s largest beef importer in 2018. The rapid growth in Chinese beef consumption has quietly changed the global beef order, with many countries exporting a significant share of total exports to China. According to the Renub Research report, Global Beef Market will be US$ 412.2 Billion by 2026.

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COVID-19 impact on Global Beef Industry

For the first few months of the year 2020, the global beef industry has been severely impacted by the coronavirus. The sharp fall in demand for beef was because of rumors that the virus can spread through the animals. But once the Centers for Disease Control & Prevention stated that COVID-19 can only be transmitted via direct contacts to humans and not live stocks, the growth came back to the industry. Moreover, demand uncertainty due to coronavirus-related limitations on restaurant operations and cattle markets continue to be rattled by numerous closures in processing plants.

Factors Driving the Beef Market Globally

Global demand for beef is growing as it has higher protein compared to pork, turkey, and chicken. Moreover, there is an increase in the consumption of fast food products. Additionally, non-vegetations in the United States prefer beef compared to other types of meats. Another factor is the growing demand from China due to the rise in their disposable income. Lastly, an increase in the Muslim population globally is also helping the growth of halal beef.

Renub Research report titled “Global Beef Market By Production (China, European Union, United States, Brazil, Russia, Argentina, India, Canada, Pakistan, Australia and Others), Consumption (China, European Union, United States, Brazil, Russia, Japan, Mexico, Argentina, India and Pakistan), Import (China, United States, European Union, Russia, Chile, Japan, Hong Kong, South Korea, Egypt and Malaysia), Export (European Union, United States, Canada, Brazil, Argentina, New Zealand, Mexico, Uruguay, Australia and India) Company (Danish Crown, Tyson Foods Inc., Vion Food Group, WH Group Limited)” provides a complete analysis of Beef market globally.

By Production – Top 10 Beef Countries Market & Volume

In this topic, we have covered 10 major beef producing countries globally. The countries covered are as follows.

  1. United StatesCanada
  2. European Union
  3. Argentina
  4. Russia
  5. Brazil
  6. China
  7. Australia
  8. India
  9. Pakistan
  10. Rest of the World (Others)

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By Consumption – Top 10 Countries Beef Volume

This topic provides complete insight into 10 important beef consuming countries globally. The countries covered are as follows.

  1. United States
  2. European Union
  3. Argentina
  4. Mexico
  5. Russia
  6. Brazil
  7. China
  8. Japan
  9. India
  10. Pakistan

By Import – Top 10 Countries Beef Volume

In this section, a complete insight of 10 important beef importing countries are covered globally. The countries covered are as follows.

  1. United States
  2. European Union
  3. Russia
  4. Chile
  5. China
  6. Japan
  7. South Korea
  8. Hong Kong
  9. Egypt
  10. Malaysia

By Export – Beef Producing Countries

In this topic, we have covered 10 major beef exporting countries globally. The countries covered are as follows.

  1. United States
  2. Canada
  3. European Union
  4. Mexico
  5. Uruguay
  6. Argentina
  7. Brazil
  8. Australia
  9. New Zealand
  10. India

Company Analysis

All the companies have been studied from two points

  • Recent Developments
  • Sales Analysis

Companies Covered

  • Danish Crown
  • Tyson Foods Inc.
  • Vion Food Group
  • WH Group Limited

About Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises of major players in Life Sciences, Information Technology, Telecom, Financial Services (Banking, Insurance), Energy, Retail, Manufacturing, Automotive, and Social sector. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Contact Us:
Renub Research
Phone No: +1 678-302-0700 (USA) | +91-120-421-9822 (IND)
Email : info@renub.com
Web: https://www.renub.com
Fallow on Linkedin: https://www.linkedin.com/company/renub-research