Processed Beef Market Projected to Reach US$ 227 Bn by 2029 | Future Market Insi
Posted by Vijay Kundekar on February 18th, 2020
The global processed beef market is projected to reach a valuation of US$ 227 Bn in 2029, with an impressive rate of growth during 2019 - 2029. According to a new study by Future Market Insights (FMI), the market for processed beef is predominantly driven by hectic consumer lifestyles, and rising consumption of ready-to-eat products by the millennial demographic.
"High quality and better shelf-life of processed beef drives its demand. Besides convenience preparation and consumption, changing breakfast habits have enabled the market growth," says the FMI report.
Key Research Findings of FMI's Processed Beef Market Study
Key Growth Drivers - Processed Beef Market
Key Impediments - Processed Beef Market
Competition Structure Analysis - Processed Beef Market
Competition landscape of the global processed beef market will primarily remain influenced by the rising number of acquisitions of smaller regional businesses. Leading market players are adopting acquisition strategies in a bid to strengthen geographical presence and boost product portfolios. Major players and new entrants in the industry are anticipated to increase their efforts to penetrate fast developing economies such as China and India in the near future.
Some of the major participants in the global processed beef market that are analyzed in this report include, but are not limited to, SYSCO Corp, JBS SA, Smithfield Foods Inc., Hormel Food, BRF SA, Harim Co. Ltd., WH Group, Tyson Foods Inc., Cargill Meat Solution Corp., and Danish Crown A/S.
About the Report
The report offers global, regional, and country level analysis of the latest industry trends impacting the processed beef market. The study provides compelling insights on the processed beef market on basis of product forms (chilled, frozen, and shelf-stable), by nature (organic and conventional), by application (food processor and manufacturers, HoReCa sector, and household and residential buyers), by sales channels (traditional grocery stores, supermarket/hypermarket, internet retailing, convenience store, discounters, and others) across 30 countries spanning seven key regions (North America, Latin America, Europe, Asia Pacific, Oceania, Middle East and Africa, and Japan).
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
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About the AuthorVijay Kundekar
Joined: August 22nd, 2019
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