SAN FRANCISCO, June 25, 2015 /PRNewswire/ --
The global beef market 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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Browse full research report with TOC on "Beef Market Analysis By Grade (Kosher, Halal), By Product (Ground Beef, Steaks, Cubed) And Segment Forecasts To 2020" at: http://www.grandviewresearch.com/industry-analysis/beef-market-analysis
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.
Further key findings from the study suggest:
Browse more reports of this category by Grand View Research:http://www.grandviewresearch.com/industry/ready-to-eat-processed-and-frozen-foods
For the purpose of this study, Grand View Research has segmented the Beef Market on the basis of grade, product and region:
http://www.grandviewresearch.com/industry-analysis/meat-substitutes-market
http://www.grandviewresearch.com/industry-analysis/frozen-food-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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Grand View Research, Inc
Phone: 1-415-349-0058
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Email: sales@grandviewresearch.com
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