The Beef Market in US is being driven by Rising consumer preferences and demand for beef
The Beef Market in US is expected to grow at a CAGR of 3.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 9.1 billion. In the dynamic US beef market, technological advancements and innovation are driving the industry forward. Notably, laboratory-grown meat through cell culture technology is an emerging trend in the global meat sector. Moreover, the beef industry is focusing on implementing effective traceability systems throughout the supply chain. Consumers can access comprehensive information about the origin of their beef products through unique identification numbers, providing details such as breed, date of birth, gender, farm origin, meat processor name, and cattle lineage, ensuring transparency and adherence to production and distribution standards.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
166 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.5% |
Market growth 2025-2029 |
USD 9.1 billion |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
3.3 |
Key countries |
US |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Beef market in the US is influenced by various factors including Cattle Genetics and Feed Formulation for optimal production. Hormone-Free and Antibiotic-Free Beef cater to consumer health concerns. Beef Quality Grades ensure consistency in taste and texture, while Packaging and Shelf Life maintain freshness. Food Waste Reduction and Consumer Education promote sustainability. Health and Nutrition, Beef Substitutes like Plant-Based Meat and Alternative Proteins, and Supply Chain Management, Inventory Control, and Cold Chain ensure efficient distribution. Economic Factors, Consumer Spending, and Disposable Income impact market demand. Digital Marketing, Brand Storytelling, and Customer Relationship Management boost sales. Sustainability Reporting, ESG Investing, Carbon Footprint, Water Usage, and Land Management address environmental concerns. Livestock Welfare Audits, Traceability Systems, Blockchain Technology, Food Safety Certifications, and Regulatory Compliance ensure transparency and safety. Government Policies and Trade Barriers impact market regulations.
The Beef Market in the US encompasses various sectors including Production, Cattle Ranching, Feedlot Operations, Slaughter and Processing, Wholesale Distribution, and Retail Sales. This market is a significant contributor to the global Packaged Foods and Meats industry, which according to Technavio, is driven by the growing demand for minimally processed food due to their health benefits. The market size is determined by the consolidated revenue generated by vendors involved in beef processing, eliminating microorganisms, and extending shelf life. The market excludes equipment manufacturers and producers of packaged beverages. The health benefits associated with minimally processed beef, such as its rich nutrient content in potassium, dietary fiber, folate, vitamin A, and vitamin C, are key growth factors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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