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 gaining traction globally. Additionally, traceability is a significant trend, ensuring meat quality and adherence to production and distribution standards. Consumers can access comprehensive information about the cattle originating the beef product via a unique identification number on the packaging. This data includes breed, date of birth, gender, farm origin, meat processor details, and cattle lineage.
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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 |
market_structure.ucfirst |
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 US beef market encompasses various aspects, including Cattle Genetics for improved production, Feed Formulation for optimal growth, and Hormone-Free/Antibiotic-Free Beef for health-conscious consumers. Beef Quality Grades ensure consistency, while Packaging and Shelf Life maintain freshness. Food Waste Reduction and Consumer Education promote sustainability. Health and Nutrition, Beef Substitutes, and Alternative Proteins impact consumer preferences. Supply Chain Management, Inventory Control, and Cold Chain ensure efficiency. Food Security, Economic Factors, and Consumer Spending influence market dynamics. Digital Marketing, Sustainability Reporting, and ESG Investing shape industry trends. Carbon Footprint, Water Usage, and Land Management focus on sustainability. Livestock Welfare Audits, Traceability Systems, and Blockchain Technology ensure transparency. Food Safety Certifications and Quality Assurance maintain safety standards. Regulatory Compliance and Government Policies set industry rules. Trade Barriers impact international trade.
The Beef Market in the US encompasses various sectors including Production, Cattle Ranching, Feedlot Operations, Slaughter and Processing, Wholesale Distribution, and Retail Sales. These sectors contribute significantly to the global Packaged Foods and Meats market, which is calculated based on the consolidated revenue generated by vendors involved in food processing to enhance preservation and extend shelf life. Factors driving the growth of this market include the health benefits associated with minimally processed food, such as beef, which are rich sources of essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C. The market size excludes manufacturers of food processing equipment and packaged alcoholic and non-alcoholic beverages.. 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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