The global Beef Market was valued at US$ 300.6 billion in 2017 and is estimated to grow at a CAGR of 3.1% and will touch the value of US$ 383.5 billion by the completion of the year 2025. Beef refers to cattle’s meat, especially skeletal muscle. It is a rich source of nutrients and protein, which is essential for humans to maintain good health. There are multiple ways to cook beef such as roasting, grilling, broiling, and barbeque.
Rising demand for protein rich diet owing to health benefits is anticipated to propel beef market growth. Beef and veal are rich sources of protein than any another other form of meat such as pork or chicken. 100 grams of pork contain 29.3 percent protein content and 100 grams of chicken contains 28.9 percent protein content. However, beef contains 30 percent of protein content per 100 grams, which makes it nutritious than other meat forms. In addition, rising safety concerns in terms of food products is expected to impel beef industry growth. Pork or chicken are likely to contain pathogens, which can lead to health issues in humans. Moreover, growing consumption of special cuts of meat including halal and kosher will drive the beef market over the forecast period.
To cater to rising demand for beef based products, companies are investing in R& D to launch innovative products. For instance, in July 2018, Hormel Foods launched canned chili made with hundred percent Angus beef. The product contains no artificial ingredients including fillers or preservatives. It is prepared from tender chunks of meat simmered with a blend of spices and vegetables. The product is aimed to provide unique texture and flavor to consumers.
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Product Insights:
Based on product type, the beef industry can be categorized into shank, brisket, flank, chuck, loin, and others. Shank segment is anticipated to exhibit significant CAGR over the forecast period. Shank is present is forearms of the animal in front of brisket. It is mostly used to make low-fat ground meat.
Slaughter Method:
In terms of slaughter method, the beef market can be classified into halal and kosher. Kosher segment is anticipated to hold largest market share over the forecast period owing to increasing consumption across the globe. Growing awareness among consumers regarding health benefits of consuming Kosher such as quality and food safety is expected to impel segment’s growth. Kosher is mostly consumed by Jewish population across the globe.
Regional Insights:
Regional segmentation includes North America, Asia Pacific, Europe, Central and South America, and Middle East and Africa. In 2017, North America dominated the market and accounted for largest market share. US was the largest producer of beef in the world and it is likely to dominate the market over the forecast period. This is attributed to rising demand for processed meat especially loin cut among consumers. In addition, increasing number of food outlets selling processed meat is contributing well to market growth. Moreover, growing Islamic and Jewish population in US and rising consumption of halal and kosher meat will drive regional market growth in coming years.
Asia Pacific, on the other hand, is predicted to exhibit highest CAGR over the forecast period. This is attributed to rising demand for beef in countries such as India, China, and Japan. Increasing disposable income and improving lifestyle of people residing in China is driving regional growth. In addition, people are getting aware regarding nutritional benefits of beef over other forms of meat. This factor is also expected to impel market growth in this region. Moreover, increasing number of export activities in India will drive regional market growth in coming years.
Some of the key players in the beef market are Marfrig Global Foods S.A.; Tyson Foods, Inc.; Danish Crown; Cargill, Inc.; and NH Foods Limited. Companies are adopting business strategies such as mergers and acquisition to expand their product portfolio and gain competitive edge. In addition, companies are also getting involved in e-commerce platforms to expand their distribution channel and market presence. Processed meat and fresh meat are distributed to restaurants, retailers, grocery stores, and wholesalers.
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Market Segment:
Beef Cut Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• Brisket
• Shank
• Loin
• Others
Beef Slaughter Method Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• Kosher
• Halal
• Others
Beef Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• Russia
• Switzerland
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Central and South America
• Brazil
• Argentina
• Colombia
• Middle East and Africa
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Mar 30, 2021: The global Pressure Sensor Market is expected to reach USD 11.91 billion by 2025.
In addition, favorable regulations for use of pressure sensors and increase in demand for pressure sensors in consumer electronics are likely to drive the pressure sensor industry in the forthcoming period.The key applications are segmented in the pressure sensor market include Oil & Gas, Consumer Electronics, Industrial Applications, Automotive, Medical, and Others.
It is likely to witness substantial growth in the years to come.
The key factors that could be attributed to the growth of market include rising use of MEMS devices in wearable devices and consumer electronics is boosting the segment growth.
The Consumer electronics segment is followed by the Automotive sector in the forthcoming period.Download sample Copy of This Report at: https://www.millioninsights.com/industry-reports/pressure-sensor-market/request-sampleOn the other hand, intense pricing pressure is anticipated to hinder pressure sensor market growth in the future.
The market is segmented by type as Resonant Solid State, Piezoresistive, Capacitive, Electromagnetic, Optical and Others.
Global RFID in healthcare market was valued at USD 646.7 million in 2014 and is expected to reach over USD 3.89 billion over the next seven years.
Key influences attributing to this rapid growth include growing occurrences of theft and loss of different medical devices which result in high losses to the pharmacies and hospitals.
Healthcare services use radio frequency identification (RFID) and real-time location systems (RTLS) to track, identify, monitor patients, locate, visitors, assets, equipment and staff.
Know that, how of these technologies aid in improving safety, enhancing the quality of care, reducing financial waste, and fostering patient satisfaction.The healthcare market is majorly driven by the cheap availability of highly efficient systems and tags.
As a result, storage costs are reduced substantially subsequently decreasing energy costs as well.Implementation of advanced Kanban systems in existing hospital inventory management and timely placement of orders to the supplier directly for requisite medical devices and medication is expected to encourage hospitals and pharmacies to incorporate these systems.
Key factors contributing to this large share includes high penetration of these devices in the market owing to better awareness levels regarding the advantages of RFID devices such as their ability to embed into existing hospital ERP software systems and reduction in overall operational costs.
The global Wind Energy Foundation Market is likely to grow at a robust CAGR in the forecast period.
Wind energy foundation is a turbine base that supports the wind energy structure against harsh environments.
Hence, the foundation must be capable of supporting hydrodynamic loads along with aerodynamic loads.Enquire About This Report: https://www.millioninsights.com/industry-reports/wind-energy-foundation-market/request-sampleThe wind energy foundation market is driven by increase in demand for renewable energy sources since the market witnessed a higher traction in the past due to rise in number of energy installations.
Rise in the number of market entrants and strategic alliances between key players are likely to add to the market growth during the forecast period.
Significant demand from manufacturers with enhanced capacities in order to augment the power production is likely to account for a robust market growth during the forecast period.
Offshore is further categorised as jacket-pile, mono-pile, tripod and suction.
The global Beef Market was valued at US$ 300.6 billion in 2017 and is estimated to grow at a CAGR of 3.1% and will touch the value of US$ 383.5 billion by the completion of the year 2025.
There are multiple ways to cook beef such as roasting, grilling, broiling, and barbeque.Rising demand for protein rich diet owing to health benefits is anticipated to propel beef market growth.
Beef and veal are rich sources of protein than any another other form of meat such as pork or chicken.
Moreover, growing consumption of special cuts of meat including halal and kosher will drive the beef market over the forecast period.For further inquiries, about - Global Beef Market Industry Analysis, Size, Growth, Trends and Forecast 2015 - 2025, click on this link – https://www.millioninsights.com/industry-reports/beef-marketTo cater to rising demand for beef based products, companies are investing in R& D to launch innovative products.
Kosher is mostly consumed by Jewish population across the globe.Regional Insights:Regional segmentation includes North America, Asia Pacific, Europe, Central and South America, and Middle East and Africa.
US was the largest producer of beef in the world and it is likely to dominate the market over the forecast period.
With reference to the report published by the authorities the scope of the global Athletic Footwear Market was appreciated by US$ 64.30 billion in 2017 and is projected to touch US$ 95.14 billion by 2025.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/athletic-footwear-market/request-sample Market Synopsis of Athletic Footwear Market: Footwear is an apparel worn on feet for the purpose of shielding from exterior means at the time of carrying out the actions at out-of-doors.
The term athletic footwear denotes to the merchandise worn by sports person that have similar purpose of caring the foot together with greater extra functionality as per the sport they are intended for.
Athletic shoe is a general term for the footwear mainly meant for sporting or additional procedures of bodily workout.
However during current ages they are utilizes for unintentional actions.
Athletic footwear is utilized for sporting and additional procedures of working out, for example aerobics, jogging, running and walking.
5 February 2020 - The global Geriatric Care Services Market size is estimated to reach USD 1,012.02 billion by 2022, registering at a 6.1% CAGR during the forecast period.
According to United Nations World Ageing Population 2015 report, it was estimated that between 2015 and 2030, the number of people aged 60 years and above will grow by 56 percent, from 901 million (2015) to 1.4 billion (2030).
In addition, growing demand for independent aging solutions and introduction of robotic technology in geriatric care is also anticipated to further boost up the market growth.Presence of favorable reimbursement policies and increased life expectancy are also amongst few factors expected to propel demand for geriatric care services.
Furthermore, increasing number of homecare and long term care services offered by geriatric care centers such as nursing care, health assessment & monitoring, and counseling & financial support is anticipated to drive the demand for these services.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/geriatric-care-services-marketFavorable government initiatives and increasing elderly population prone to cardiovascular, orthopedic, neurological, and respiratory disorders are some of the crucial attributes of this market.
However, high cost of devices may hinder the growth of geriatric care services in emerging economies like China, India, and Brazil.Service InsightsBased on the services, the market is segmented as home care, adult day care, and institutional care.
Institutional services market held the largest market share of about 41.1% in 2014 pertaining to the factors such as presence of large number of institutions and high usage levels of the institutions offering geriatric care services.
