Agricoltura
Grass Fed Beef Market to Total US$ 17.9 Bn by 2031 as the Trend of Meat Barbeque Grows Worldwide: Future Market Insights
In response to this, the market is expected to reach US$ 17.9 Bn , growing at a CAGR of 4.4% during the forecast period from 2021 to 2031.
Over the last few years, barbequing meat has emerged as a popular trend worldwide, especially across western countries. According to the Quick-Service and Fast Casual Restaurant (QSR) magazine, nearly 95% of the population in the U.S. enjoy barbequed (BBQ) dishes such as steak, ribs, and others.
Beef being the most preferred meat for BBQ owing to its meaty flavor, sales of grass fed beef are anticipated to rise at 3.7% CAGR in terms of volume through 2031.
With rising inclination towards the consumption of high quality food products, consumers are increasingly opting for products with quality assurance certifications and labeling. As grass fed beef is healthier and more nutritious than conventional beef products and is considered a rich source of vitamin B6 & B3, selenium, carnosine & creatine, and zinc, it is gaining immense popularity among meat lovers.
As per FMI, the foodservice sector is projected to emerge as the most lucrative end-use segment in the global market. Increasing demand for sauces, glaze, marinades, baked products, and others made using premium quality meat across hotels and restaurants is driving the segment growth.
says the FMI analyst.
Top players in the global market include JBS Foods, Tyson Foods, Australian Agricultural Company Limited, Hormel Foods Corporation, Cargill, Inc., and Conagra Brands, Inc, as per FMI.
These companies are projected to account for nearly 30% to 50% of global revenue share through 2031.
Leading players are emphasizing on promoting sales of grass fed beef by providing information about the safety and health benefit of the product. Besides this, some of the manufacturers are actively participating in collaborations, mergers, acquisitions, and agreements with regional players to expand their production capacity and facilities.
For instance:
Some of the key players operating in the market profiled by FMI are:
FMI, in its new report, provides a detailed analysis of the global grass fed beef market, forecasting statistics through 2021 and beyond. The survey reveals growth prospects on in grass fed beef market along with detailed segmentation:
: According to Future Market Insights (FMI) sales of paprika color will increase consistently to surpass US$76.92 Mn in 2021. Demand for paprika color is expected to grow at a 7.0% CAGR over the assessment period, from 2021 to 2031.
: The dog food market value is expected to reach US$ 44.83 Bn in 2021. According to Future Market Insights (FMI), the overall sales in the market will total US$ 81.65 Bn by 2031, rising at a CAGR of 6.2% for 2021-31.
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai , and has delivery centers in the UK, U.S. and India . FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai ,
United Arab Emirates
sales@futuremarketinsights.com
press@futuremarketinsights.com https://www.futuremarketinsights.com/ https://www.futuremarketinsights.com/reports/grass-fed-beef-market
https://www.futuremarketinsights.com/press-release/grass-fed-beef-market
Logo: https://mma.prnewswire.com/media/1197648/FMI_Logo.jpg