Market Snapshot:
Ground beef, minced beef or beef mince is the beef which has been finely chopped with a knife or a meat grinder or mincing machine. The ground beef used in many recipes including hamburgers and spaghetti Bolognese. However, It is not the same as mincemeat, which is a mixture of chopped dried fruit, distilled spirits, spices and historically minced/ground meat. Hence, increasing usage of beef in various dishes in some regions is fuelling the market growth. Also, Stay up-to-date with latest research insights on "
Beef Extract Market Sizing and Growth Outlook".
Highlights from Ground Beef Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
The key Vendors profiled in the report are Tyson Foods Inc. (United States), JBS USA Holdings Inc. (United States), Cargill Meat Solutions Corp. (United States), OSI Group LLC (United States), Hormel Foods Corp. (United States), SYSCO Corp. (United States), National Beef Packing Co. LLC (United States), American Foods Group LLC (United States), Keystone Foods LLC (United States) and Greater Omaha Packing (United States). Additionally, other players that are part of this comprehensive study are CTI Foods LLC (United States), Wolverine Packing Co. (United States), Agri Beef Co. (United States), West Liberty Foods LLC (United States) and Kenosha Beef International Ltd. (United States).
Geographic Breakdown and Segment Analysis
The Global Ground Beef market presents a comprehensive analysis of the Ground Beef market by product type (Ground Chuck and Ground Sirloin), by end-user/application (Home and Commercial), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Ground Beef industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Ground Beef market
Analyst at AMA have segmented the market study of Global Ground Beef market by Type, Application and Region.
Influencing Trend:
Inclination of Individuals Towards Non-Vegetarian Foods
Market Growth Drivers:
High Protein Content as Compared to Other Meat Forms and Rising Consumer Disposable Income
Challenges:
Limited Production of Beef Leading to Supply Demand Gap
Restraints:
High Costs Associate with Beef and Government Restrictions on Beef in Some of the Countries
Opportunities:
Increasing Population is Leading to Rising Consumption of Beef and Improved Living Standards of People
Market Developments Activities:
In May 2023, Axfood has become the first company to carry out a large-scale launch of a mince product containing equal amounts of meat and vegetables. The “Nöt & Grönt” mince will be sold under the proprietary brand Garant and has nearly a 50% lower climate impact* compared with regular mince.
Regulatory Insights:
This guideline provides information on the Agency regulatory requirements associated with safe production of ready-to-eat (RTE) products with respect to the destruction of Salmonella and other pathogens. It applies to small and very small meat and poultry official establishments although all meat and poultry establishments may apply the recommendations in this guideline.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organisations and Others