Consumption of Beef Gains Momentum in Developing Countries as Disposable Income Improves

Albany, NY -- (SBWire) -- 06/20/2018 --Transparency Market Research explains the various factors that are responsible for the rise of the global beef market through its well-documented research report. The publication, titled "Beef Market - Global Industry Analysis, Size, Share, Growth, Trends, Forecast 2015 - 2021", provides a complete study of the strengths, weaknesses, opportunities, and threats defining the market's future. It has been compiled using primary and secondary research methodologies, which makes it a reliable document aimed at guiding its readers toward beneficial business decisions.

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Beef has been a critical part of diets over centuries. Essentially derived from buffalos and cows, it is a good source of protein and iron. The demand for beef has suddenly witnessed a spike due to rising disposable income that has enabled a large chunk of population to include meat in their daily diets. Urbanization and improving economic conditions have been responsible for the same. Analysts anticipate that emphasis on consumption of protein for improving muscle strength is projected to have a positive impact on global beef market. Improving poultry business, better food safety norms, and sophisticated meat processing technology are expected to drive the global beef market in the forthcoming years.

On the basis of product grade, the global beef market is segmented into Halal and Kosher. Consumption of both of these varieties is dictated by religious laws. The demand for Kosher is high amongst the Jews across North America, while Halal is mainly consumed by the Islamic population across the world. Thus, the demand for Halal meat is projected to remain high as the consumers are rising and are spread across the world.

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In terms of geography, the global beef market is segmented into Asia Pacific, North America, Europe, the Middle East and Africa, and Latin America. Out of these, Asia Pacific is expected to dominate the global market due to exponential rise in population of developing economies such as India and China. Research report points out that China will be the key consumer in the Asia Pacific beef market as the country is slowly achieving economic stability.

The report picks out Danish Crown, Tyson Foods Inc, Nipponham Group, Marfrig Global Foods S.A., and Danish Crown as some of the key players operating in the global beef market. Analysts have studied the competitive landscape and explained the nature of the competition. The research report also elucidates the investments in research and development made by these vendors and their plans for expansion in the forthcoming years. The publication is a thorough analysis of the threats faced by existing players and the new entrants and the potential opportunities for both. It also includes suggestions and comments by expert industry leaders, which affirms the upcoming trends pertaining to the global beef market.