![Global Beef and Veal Market](https://res.cloudinary.com/devmoveo/image/upload/v1706192321/skyquest/report/phpDbLcxD.jpg)
Report ID: SQSG30I2010
Report ID:
SQSG30I2010 |
Region:
Global |
Published Date: July, 2001
Pages:
165
|
Tables:
64 |
Figures:
79
The global beef and veal market is relatively fragmented, with a high level of competition. Few large players, like Tyson Foods Inc., Cargill Inc., and National Beef Packing Company LLC., now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.
Beef And Veal Market Top Player’s Company Profiles
Beef And Veal Market Recent Developments
In April 2022, Hormel Foods Corporation announced its organic meat products demand growing up and it has shown a growth of 37% over the last two years which is more than the overall meat market which has only grown by 20% in the same period.
In April 2022, the per capita meat consumption of meat in Germany decreased by 600 grams as compared to 2021. This report also shows a decline in total meat production too which is 2.4% lower than the previous year.
In February 2022, Tyson Foods Inc. announced its investment into a US$ 355 million bacon production facility in bowling green. This will help the company to meet the rising demand for bacon products and long-term growth in the beef and veal industry.
In January 2022, the USDA reported a decline in cattle headcount slaughtered because of soring price of beef by 17% as compared to 2021 which has led to increased input cost and reduced output.
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REQUEST FREE CUSTOMIZATIONBeef And Veal Market size was valued at USD 928.45 billion in 2019 and is poised to grow from USD 991.58 billion in 2023 to USD 1792.55 billion by 2031, growing at a CAGR of 6.80% in the forecast period (2024-2031).
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Report ID: SQSG30I2010