Beef Market Outlook and Forecast up to 2020

Global Beef Market By Grade (Kosher, Halal), By Product
(Ground Beef, Steaks, Cubed) Expected to Reach USD 2151
Billion by 2020: Grand View Research, Inc.
The global market for beef is expected to reach USD 2,151 billion by 2020, according to a new
study by Grand View Research, Inc. Beef is the third largest consumed meat globally, with
growing consumer preference towards meat as source of protein expected to drive demand for
beef over the forecast period. In addition, growing disposable income in emerging markets has
resulted in increased consumption of beef in comparison to 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.
Ground beef were the largest consumed product, with demand exceeding 29,500 kilo tons in
2013. Popularity of ground beef comes from its use in hamburgers and meat balls. Beef steaks
are expected to be the fastest growing segment due to increased preference for high quality beef,
particularly in North America. The segment is expected to witness growth at an estimated CAGR
of 1.24% from 2014 to 2020.
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Table of Contents
Chapter 1 Executive Summary
1.1 Beef – Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Beef Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Beef Value Chain Analysis
2.4 Beef Market Dynamics
2.4.1 Market driver analysis
2.4.1.1 Beef as a source of protein
2.4.1.2 Increasing Chinese disposable income
2.4.2 Market restraint analysis
2.4.2.1 High price of beef in comparison to other forms of meat
2.4.2.2 Health hazards associated with consumption of beef
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
2.7 Beef - Company Market Share Analysis
2.8 Beef - PESTEL Analysis
Chapter 3 Beef Grade Outlook
3.1 Kosher
3.1.1. Global beef demand in kosher, 2012-2020, (Kilo Tons), (USD billion)
3.2 Halal
3.2.1 Global beef demand in halal, 2012-2020, (Kilo Tons), (USD billion)
3.3 Others
3.3.1 Global beef demand in other grades, 2012-2020, (Kilo Tons), (USD billion)
Chapter 4 Beef Product Outlook
4.1 Ground beef
4.1.1. Global demand for ground beef, 2012-2020, (Kilo Tons), (USD billion)
4.2 Streak beef
4.2.1 Global demand for steaks beef, 2012-2020, (Kilo Tons), (USD billion)
4.3 Cubed beef
4.3.1 Global demand for cubed beef, 2012-2020, (Kilo Tons), (USD billion)
Chapter 5 Beef Region Outlook
5.1 North America
5.1.1 North America beef market volume & revenue by grade, 2012-2020 (Kilo
Tons), (USD billion)
5.1.2 North America beef market volume & revenue by product, 2012-2020 (Kilo
Tons), (USD billion)
5.2 Europe
5.2.1 Europe beef market volume & revenue by grade, 2012-2020 (Kilo Tons),
(USD billion)
5.2.2 Europe beef market volume & revenue by product, 2012-2020 (Kilo Tons),
(USD billion)
5.3 Asia Pacific
5.3.1 Asia Pacific beef market volume & revenue by grade, 2012-2020 (Kilo Tons),
(USD billion)
5.3.2 Asia Pacific beef market volume & revenue by product, 2012-2020 (Kilo
Tons), (USD billion)
5.4 RoW
5.4.1 RoW beef market volume & revenue by grade, 2012-2020 (Kilo Tons), (USD
billion)
5.4.2 RoW beef market volume & revenue by product, 2012-2020 (Kilo Tons),
(USD billion)
Chapter 6 Beef Competitive Landscape
6.1 Tyson Foods, Inc.
6.1.1 Company Overview
6.1.2 Financial Performance
6.1.3 Product Benchmarking
6.1.4 Strategic Initiatives
6.2 Danish Crown
6.2.1 Company Overview
6.2.2 Financial Performance
6.2.3 Product Benchmarking
6.2.4 Strategic Initiatives
6.3 Cargill Meat Solutions Corp.
6.3.1 Company Overview
6.3.2 Financial Performance
6.3.3 Product Benchmarking
6.3.4 Strategic Initiatives
6.4 Marfrig Global Foods S.A.
6.4.1 Company Overview
6.4.2 Financial Performance
6.4.3 Product Benchmarking
6.4.4 Strategic Initiatives
6.5 Nipponham Group
6.5.1 Company Overview
6.5.2 Financial Performance
6.5.3 Product Benchmarking
6.5.4 Strategic Initiatives
6.6 Minerva Foods
6.6.1 Company Overview
6.6.2 Financial Performance
6.6.3 Product Benchmarking
6.6.4 Strategic Initiatives
6.7 St Helen’s Meat Packers
6.7.1 Company Overview
6.7.2 Financial Performance
6.7.3 Product Benchmarking
6.7.4 Strategic Initiatives
6.8 Hormel Foods
6.8.1 Company Overview
6.8.2 Financial Performance
6.8.3 Product Benchmarking
6.8.4 Strategic Initiatives
6.9 JBS
6.9.1 Company Overview
6.9.2 Financial Performance
6.9.3 Product Benchmarking
6.9.4 Strategic Initiatives
6.10 National Beef
6.10.1 Company Overview
6.10.2 Financial Performance
6.10.3 Product Benchmarking
6.10.4 Strategic Initiatives
6.11 VION
6.11.1 Company Overview
6.11.2 Financial Performance
6.11.3 Product Benchmarking
6.11.4 Strategic Initiatives
Chapter 7 Methodology & Scope
7.1 Research Methodology
7.2 Research Scope & Assumptions
7.3 List of Data Sources
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Further key findings from the study suggest:
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The global beef demand was 67,421 kilo tons in 2012 and is expected to reach 72,931
kilo tons by 202, growing at a CAGR of 1.15% from 2014 to 2020
Asia Pacific is expected to be the largest regional market for beef with revenue exceeding
USD 580 billion in 2013. Growing disposable income of China coupled with high
preference towards red meat is expected to be a key driver for the market over the
forecast period.
North America was a significant contributor to beef demand with consumption in excess
of 12,000 kilo tons in 2013. The RoW market is predominantly driven by growing
demand in countries such as Brazil, Mexico and Chile.
Increasing demand for halal beef in predominantly Islamic nations in Middle East and
Africa is expected to be a key factor having a positive impact on the market over the
forecast period. The demand for Kosher beef is expected to increase in North America
owing to consumer preference towards safe quality and healthier beef.
The global market was moderately consolidated with the top four companies accounting
for over 70% of the market in 2013. The key companies in the market include Tyson
Foods, JBS, National Beef Company and Cargill Meat Solutions.
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About Grand View Research
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business decisions, we offer market intelligence studies ensuring relevant and fact-based research
across a range of industries, from technology to chemicals, materials and energy. With a deepseated understanding of varied business environments, Grand View Research provides strategic
objective insights.
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The global market for beef is expected to reach USD 2,151 billion by 2020, according to a new study by Grand View Research, Inc. Beef is the third largest consumed meat globally, with growing consumer preference towards meat as source of protein expected to drive demand for beef over the forecast period. In addition, growing disposable income in emerging markets has resulted in increased consumption of beef in comparison to 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.

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