The global Fresh Beef Market reached USD 70.91 Billion in 2022 and is projected to experience a significant revenue CAGR of 4% throughout the forecast period. The growth is primarily attributed to the increasing demand from health-conscious and vegetarian consumers, as well as the rise in the number of individuals suffering from lactose intolerance and celiac disorders.

Beef has become an integral component of the global diet due to its various health benefits. It contains essential amino acids for muscle building and tissue repair, as well as enzymes that prevent illnesses. The high protein content in meat helps to reduce hunger pangs and leads to quicker weight loss. Additionally, red meat is an excellent source of iron, which is easily absorbed by the body and ultimately enhances haemoglobin levels. Furthermore, the growing global trend of consuming clean and healthy food products is driving market revenue growth. Kosher certified items are preferred by customers as they undergo strict quality control procedures throughout production, making them cleaner and healthier.

The increasing number of supermarkets and hypermarkets worldwide has improved customer access to Fresh Beef products, driving market revenue growth. Customers can easily purchase Fresh Beef products from these stores, which offer dedicated departments for Kosher food items. The trend of online food delivery services is also contributing to the adoption of Fresh Beef products. Online food delivery services now provide Fresh Beef products to cater to the rising demand for these items among consumers who prefer ordering food online.

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Major Companies:

• Aaron’s Best
• Empire Kosher
• Fleishman’s Vinegar
• Hebrew National
• Kedem Foods
• Manischewitz Company
• Miller’s Fresh Beef
• Royal Wines
• Shor Habor
• Teva Foods
• Town & Country Packing
• United Kosher Meats

Some of The Current Trends in The Global Fresh Beef Market:

1. Increasing health consciousness: Consumers are becoming more health-conscious and are opting for healthier food choices, including Fresh Beef. Fresh Beef is perceived to be healthier due to the strict quality control procedures it undergoes during production.
2. Rising demand for organic and natural food products: There is a growing trend of consumers choosing organic and natural food products, and Fresh Beef is seen as a more natural and organic option due to its production standards.
3. Emergence of new markets: The Fresh Beef market is expanding into new regions, such as Asia and Latin America, due to the increasing demand from Jewish and non-Jewish consumers.
4. Innovation in product offerings: There is an increasing demand for new and innovative Fresh Beef products, such as kosher grass-fed beef, to cater to the changing tastes and preferences of consumers.
5. Growing popularity of online food delivery services: The trend of ordering food online has increased, and this has led to a rising demand for Fresh Beef products in online food delivery services.

Product Insights:

The global Fresh Beef market is categorized into fresh and processed segments based on product type. In 2022, the fresh segment held the largest revenue share in the market. This is attributed to the growing consumer awareness regarding the benefits of consuming fresh meat and the need for high-quality meat products. Consumers who are health-conscious prefer kosher fresh beef, as it comes from animals that have been treated appropriately and are in good health. The foodservice sector, including restaurants, hotels, and cafeterias, requires a consistent supply of fresh meat products to meet the rising demand for meat-based dishes.

The processed segment is anticipated to exhibit a significant revenue growth rate in the global Fresh Beef market during the forecast period. This is due to the increasing popularity of processed Fresh Beef goods, such as pastrami, corned beef, beef jerky, cured, smoked, and cooked meat items. Processed Fresh Beef products have a longer shelf life, are easier to handle and store, and are simpler to prepare. Furthermore, the rising demand for convenience food items and the increasing popularity of kosher meat among non-Jewish consumers are driving the revenue growth of this segment.

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