According to the research report titled ‘Global Beef Market - Analysis By Cut (Brisket, Loin, Others), Slaughter Method (Kosher, Brisket), Product Application, By Region, By Country (2021 Edition): COVID-19 Implications, Competition and Forecast (2021-2026)’, available with MarketStudyReport, worldwide beef market valuation was USD 323.45 billion in the year 2020 and is projected to rise at a substantial rate through 2026.

Individuals seeking high protein, low-fat alternatives for a better lifestyle, improvised standard of living, better disposable incomes, and growing base of middle-class consumers are the important factors contributing to the growth of global beef market.

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Moreover, increasing population, combined with higher expenditure on protein-rich & healthy food products, focus among meat processors & other food companies to invest in beef sector are stimulating the industry outlook.

Based on cut type, the market is bifurcated into loin, brisket, and others. Among these segments, the others segment accounted for a large percentage of the overall revenue generated in 2020 and is estimated to grow substantially during 2021-2026. It is attributed to the surging demand for ribs, chuck, flank, shank, round, and plate of beef, as well as the rising preference for grass-fed brisket due to its lower fat content with fewer calories than regular beef.

Moving on to slaughter method, global beef industry is divided into halal, and kosher. Bifurcating the market based on product application as retail & grocery stores, food service customers, and others.

Speaking of the regional landscape, Americas is predicted to have the greatest percentage in the overall market through 2026, because Brazil, Canada, and the United States are the world's largest beef suppliers, exporting beef everywhere in the world. Moreover, with the higher demands for processed foods, the region will maintain its dominance over the projected timeframe.

Moving on to the competitive landscape, companies such as OSI Group, Cargill Meat Solutions Corporation, Hormel Foods Corporation, Minerva Foods, JBS S.A., Tyson Foods Inc., Sysco Corporation, Danish Crown AmbA, Marfrig, and Perdue Farms are contributing to global beef industry value.