Grass fed Beef Market Scope
Growing Demand for high protein food products will help to boost the global grass-fed beef market in the forecasted period. Grass-fed beef is the cattle were allowed to forage and graze for their own fresh food. For the winter season, they may be given close substitutes like alfalfa. The grass-fed beef is much higher in key nutrients like Omega-3s and B vitamins, and result in steaks that are leaner, healthier, and much more flavorful. Various health benefits of grass-fed beef over conventional beef will be fueling the grass-fed beef market growth.
The market study is being classified by Type (Fresh Grass-Fed Beef and Processed Grass-Fed Beef), by Application (Food products, Medicinal product and Other) and major geographies with country level break-up. According to AMA, the Global Grass fed Beef market is expected to see growth rate of 5.35%
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Grass fed Beef market throughout the predicted period.
Conagra Brands (United States), Hormel Foods (United States), JBS (Brazil), Sysco Corporation (United States), Verde Farm (United States), Tallgrass Beef Company, LLC (United States), American Grassfed Beef (United States), OBE Organic (Australia), ButcherBox (United States) and Pre Brands LLC. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are SunFed Ranch (United States), Niman Ranch (United States) and Fossil Farms (United States).
AdvanceMarketAnalytics has segmented the market of Global Grass fed Beef market by Type, Application and Region.
On the basis of geography, the market of Grass fed Beef has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Grass fed Beef market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 29th May 2019, JBS USA will spend 95 million dollars to expand its Grand Island, NE, beef production facility. In a statement, the company said the project includes new, improved animal handling facilities, a state-of-the-art, temperature-controlled harvest floor and facility reconfiguration designed to improve team member experience, food safety and product quality.
On 19th November 2018, IN A significant milestone for branded beef supply chains, JBS Australia has announced a new pricing incentive for high-performance cattle entering the company’s Great Southern farm-assured grassfed beef brand program.
- Emergence of New Packaging Solutions
- Health Benefits Associated With Grass Fed Beef
- Increasing Demand for High Protein Food Products
- The Global Increasing Population That Consumes Non-Vegetarian Foods
- Increasing Per Capita Beef Consumption
- Imports in Emerging Southeast Asian Economies
- Availability of Substitutes
- Stringent Regulation Regarding Grass Fed Beef
Key Target AudienceRegulatory Bodies, Environmental Protection Bodies, Local Governments, End Users, Market Research and Consulting Firms and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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