Veal refers to the meat that is obtained from the flesh of young bovine animals that are usually 6 to 7 months old. Beef refers to the meat obtained from the flesh of cow, bull, or steer that are usually one or two years old.
The global beef and veal market is witnessing growth due to the high nutritional content in them. Beef and veal meat also have positive health impacts, which further accelerate their demand. Veal has more vitamin content than beef. Beef is healthy, environment-friendly, and affordable food. The global market of beef and veal is expected to witness growth during the forecast period.
Market Influencers and Obstacles of Beef and Veal
The growing awareness about the protein content of beef is anticipated to drive the growth of the global market. The high protein content of beef and veal as compared to the pork, chicken, and lamb drives the market growth. The growing demand for nutritional food among the people fuels the growth of global beef and veal market. The growing number of meat-eaters is also a factor that contributes to the growth of the global market. The rise in the Islamic population will further increase the demand for beef.
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The increase in the prices of beef and veal, owing to its increasing demand, will hamper the growth of the global market.
Market Classification of Beef and Veal
The global beef and veal market is broadly classified based on type, application, and region.
Based on the type, the global market is segregated into beef and veal.
Depending on the application, the global market of beef and veal is subdivided into home and commercial.
Regional Segmentation of Beef and Veal
Based on the region, the global beef and veal market is segmented into the Americas region, Europe region, Asia Pacific region, and the Middle East and Africa region.
The main contributors to the Americas region are the United States, Mexico, Brazil, and Canada. The key contributors to the Europe region are the UK, Germany, Italy, France, Spain, and Russia. The important contributors to the Asia Pacific market are Southeast Asia, Australia, China, Korea, India, and Japan. The major contributors of the Middle East and Africa regional market are Israel, South Africa, Turkey, Saudi Arabia, Egypt, and GCC countries.
Key Global Market Players
The report has profiled various noteworthy players in the global beef and veal market. This includes the analysis of various strategies adopted for expansion and an upper hand over their rivals.
OSI Group LLC
Greater Omaha Packing
JBS USA Holdings Inc.
Tyson Foods Inc.
Hormel Foods Corp.
Cargill Meat Solutions Corp.
American Foods Group LLC
Keystone Foods LLC
National Beef Packing Co. LLC
CTI Foods LLC
West Liberty Foods LLC
Agri Beef Co.
Kenosha Beef International Ltd.
Wolverine Packing Co.
Latest Industry Trends
The enhancement of animal feeding technologies and the advancement in the slaughtering techniques are expected to create growth opportunities for the top players involved in the beef and veal market across the globe. The enhancement in the quality of meat and the safety benefits will further propel the market growth in the coming years.
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Release ID: 88920793