Global Beef Market Size, Market Share, Application Analysis, Regional Outlook, Growth, Trends, Competitive Scenario and Forecasts, 2012 to 2020

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Global Beef Market Size, Market Share, Application

Analysis, Regional Outlook, Growth, Trends, Competitive

Scenario And Forecasts, 2012 To 2020

Industry Insights

Global beef market is characterized by a significant supply-demand gap due to limited production as a

result of political and environmental influences. Increased awareness of protein requirements sufficed

by beef consumption is expected to be a key market driver. Food safety issues including pathogens and

chemical residue detection in other meat forms such as pork and poultry has resulted in increased beef

consumption.

Increasing demand in emerging markets such as Argentina, Brazil, and China has been responsible for

the upward movement of the beef market over the last five years. These markets cumulatively account

for over 60% of the global production and are projected to grow at 2% annually over the forecast period.

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Hexa Research Inc.

Industry Research,Custom Research & Consulting

Grade Insights

Kosher beef is predominantly consumed by the Jewish population worldwide. North America, Europe

and Israel, which cumulatively account for over 80% of global Jewish population, are traditional hubs for

kosher beef consumption. North American consumers prefer kosher products owing to advantages such

as better quality, food safety, and gastronomy. Halal beef is primarily consumed by the global Islamic

population, as consumption of other forms is prohibited as per religious laws.

Product Insights

Ground beef, which accounted for 43.9% of the global consumption, was the largest consumed product

in 2013. However, increased customer inclination towards steak consumption is expected to hamper the

ground beef market demand over the forecast period. Steaks are rapidly gaining popularity in North

America owing to their enhanced taste,...