What is Corned Beef Market?
Corned beef is a traditional cured meat product made from the treatment of the meat with large-grained rock salt common in Ireland but also popular in Western Europe, America, and the United Kingdom. This brisket of beef is a tough cut of meat made tender by a long, salt-filled cooking process. The factors such as High Demand for Canned Corned Beef and Increasing Demand for Ready-to-eat Food Products are the key drivers for the global Corned Beef market. Also, the Rise in the Number of Restaurants and Online Food Delivery Service Providers fueling the market growth. However, High Cholesterol Content in Corned Beef is the restraining factor for the global corned beef market.
The market study is being classified by Type (Flat Brisket, Point Brisket and Whole Brisket), by Application (Household, Restaurants and Others) and major geographies with country level break-up.
Cargill (United States), Tyson Foods, Inc. (United States), Farmland Foods, Inc. (United States), JBS Global (United Kingdom), Deli Brands of America (United States), Century Pacific Food, Inc (United States), National Beef Packing Company, LLC (United States), Princes Group (United Kingdom), Stampede Meat Inc (United States) and J Freirich Foods Inc (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Conagra Brands, Inc. (United States) and Pocino Foods Company (United States).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Corned Beef market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Corned Beef market by Type, Application and Region.
On the basis of geography, the market of Corned 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- High Demand for Canned Corned Beef
- Increasing Demand for Ready-to-eat Food Products
Market Trend
- Rise in the Number of Restaurants
- Increased Number of Online Food Delivery Service Providers
Restraints
- High Cholesterol Content in Corned Beef
Opportunities
- Growth in the Food and Beverage Industry Worldwide
- Rising Demand for High-Quality Beef from People
Challenges
- Less Awareness about Corned Beef in Some Regions
Key Target Audience
Corned Beef Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
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