Global Grass-Finished Beef Market Size By Product Type (Fresh Grass-Finished Beef, Processed Grass-Finished Beef), By Application (Retails, Food Services), By Geographic Scope And Forecast
Report ID: 52145|No. of Pages: 202
Global Grass-Finished Beef Market Size By Product Type (Fresh Grass-Finished Beef, Processed Grass-Finished Beef), By Application (Retails, Food Services), By Geographic Scope And Forecast
Grass-Finished Beef Market Size And Forecast
Grass-Finished Beef Market size was valued at USD 11.32 Billion in 2022 and is projected to reach USD 15.65 Billion by 2030, growing at a CAGR of 3.56% from 2023 to 2030.
The key factors driving the Grass-Finished Beef Market are the increasing consumer demand for sustainable, natural, and healthier food choices due to lower fat content, health benefits, and higher omega-3 levels. Additionally, the ethical practices associated with pasture-based farming appeal to consumers concerned about animal welfare and environmental impact. Regulatory support and reliable labeling standards further drive consumer confidence and preference for grass-finished beef. Furthermore, marketing efforts, advocacy from environmental and health organizations, and the rising popularity of grass-finished beef in restaurants and food service establishments further contribute to the market growth.
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Global Grass-Finished Beef Market Definition
Grass-finished beef is produced from cattle, which are exclusively raised on a diet of forage-based natural grasses and other pasture vegetation throughout their lives. Unlike conventional beef production, where cattle are typically grain-fed in feedlots during the final stages of their lives, grass-finished beef cattle graze on pasture from birth to slaughter. This production method emphasizes the animal’s natural diet and behavior, allowing them to roam freely and graze, promoting a healthier and ethically sound environment for the animals.
Grass-finishing often takes longer than conventional grain-finishing, resulting in beef with distinct characteristics. Grass-finished beef has a leaner and more flavorful profile, with higher levels of beneficial nutrients such as vitamins, omega-3 fatty acids, and antioxidants. Additionally, grass-finished beef is perceived more sustainable and environmentally friendly option due to its low reliance on intensive feedlots, which promotes the restoration of pasture ecosystems.
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Global Grass-Finished Beef Market Overview
The driver for the Grass-Finished Beef Market is the increasing consumer demand for natural and sustainable food products; as consumers become more health-conscious and environmentally aware, they seek meat options that align with their values. Grass-finished beef fits the bill, as it is produced from cattle raised on pasture, allowing them to graze on natural vegetation, promoting a more natural and humane farming environment. Health and nutritional benefits have also driven the Grass-Finished Beef Market.
Grass-finished beef is known for its leaner profile, with lower total fat levels than conventionally raised beef. It also contains higher levels of beneficial nutrients, such as omega-3 fatty acids, that provide numerous benefits, such as improved heart health. Additionally, grass-finished beef has higher levels of CLA and antioxidants; this increases its adoption among health-conscious consumers seeking nutrient-dense food choices. Ethical animal welfare concerns have driven the demand for grass-finished beef. Consumers are increasingly concerned about treating animals in industrial farming practices, such as feedlots.
Grass-finished beef relies on pasture-based systems, which is perceived as a more humane and natural approach to cattle farming, driving the adoption among consumers and prioritizing ethical considerations in their food choices. The Grass-Finished Beef Market is also driven due to supportive regulatory measures and labeling standards. In some regions, some certifications and labels verify the grass-fed and grass-finished claims, providing consumers with greater assurance and transparency in purchasing decisions. These standards ensure that the beef comes from cattle raised primarily on a grass-based diet throughout their lives.
Despite this, the higher production cost of grass-finished beef than conventionally-raised grain-fed beef is anticipated to negatively impact market growth. The grass-finished cattle require extensive grazing land and take longer to reach the marked weight when on grass feed diet; these factors drive the production costs. Additionally, limited availability and distribution channel constraints for grass-finished beef products could hinder its widespread adoption in the market.
Global Grass-Finished Beef Market Segmentation Analysis
The Global Grass-Finished Beef Market is Segmented on the basis of Type, Application, and Geography.
Grass-Finished Beef Market, By Type
- Fresh grass-finished beef
- Processed grass-finished beef
Based on Type, The market is segmented into Fresh grass-finished beef and Processed grass-finished beef. The fresh grass-finished beef segment accounted for the largest market share in 2022. Fresh grass-finished beef offers a healthier nutrient profile with higher levels of CLA, omega-3 fatty acids, antioxidants, vitamins, and lower fat content; this is the key factor driving the adoption of grass-finished beef. Additionally, beef is produced without hormones and antibiotics, making it a more natural and wholesome option. Moreover, grass-finished beef is often associated with more ethical and sustainable farming practices, providing cattle with ample space to graze on natural vegetation, thus reducing the environmental impact of beef production and promoting animal welfare.
Grass-Finished Beef Market, By Application
- Retails
- Food Services
- Others
Based on Application, The market is segmented into Retail, Food Services, and Others. The food services segment accounted for the largest market share in 2022. In food services, the demand for fresh grass-finished beef is growing due to its premium quality and distinct flavor that enhances gourmet dishes. The beef also caters to health-conscious consumers due to its leaner profile and higher levels of beneficial nutrients. Additionally, grass-finished beef aligns with the rising demand for sustainable and ethically sourced ingredients, increasing the adoption among environmentally conscious customers. The unique selling points of this beef allow food service establishments to offer healthier, environmentally friendly, and flavorful menu options, meeting the evolving preferences of their patrons.
Grass-Finished Beef Market, By Geography
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
On the basis of Geography, the Global Grass-Finished Beef Market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America contributed the highest share in 2022. High production and consumption of beef in the region is a crucial factor driving the market growth. For instance, as per the U.S. Department of Agriculture, commercial beef production in the U.S. increased from 26.9 billion pounds in 2018 to 27.9 billion pounds as of 2021. Additionally, the growing awareness among the population about the health benefits of grass-finished beef is anticipated to further drive the demand for beef during the forecast period.
Key Players
The “Global Grass-Finished Beef Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Hormel Foods Corp, Conagra Brands Inc, Donald Russell Ltd, Fanatical Foods Ltd, JBS SA, Perdue Farms Inc, Primal Web Ltd, Rain Crow Ranch, Sysco Corp, and Verde Farms.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Grass-Finished Beef Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Grass-Finished Beef Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2019-2030 |
| BASE YEAR | 2022 |
| FORECAST PERIOD | 2023-2030 |
| HISTORICAL PERIOD | 2019-2021 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Hormel Foods Corp, Conagra Brands Inc, Donald Russell Ltd, Fanatical Foods Ltd, JBS SA, Perdue Farms Inc, Primal Web Ltd, Rain Crow Ranch, Sysco Corp, and Verde Farms. |
| SEGMENTS COVERED |
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| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
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Data Collection Matrix
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Industry Analysis Matrix
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