Dry aging refers to the process of tenderizing beef and enhancing its flavor. The beef is hung for several weeks in a temperature-controlled, relative humidity, and airflow environment. The high nutritional value of dry-aging beef, changing consumer eating habits and improving consumer spending drive the dry aging beef market.
COVID-19 Impact Analysis: Plight of the Meat industry
The COVID-19 pandemic crisis has raised a lot of questions on the meat industry and the practices involved. The epidemics of the last decade, 'Mad Cow' in the 2000s, SARS in 2003, the Bird Flu in 2005, and the current COVID-19 are somehow related to the meat industry. The increase in the number of such incidents had a major influence on the behavior and reshaped what foods individuals buy and how. The uncertainty regarding the safety of meat products among consumers is strengthening the global vegan movement.
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Amid the COVID-19 crisis, the meat industry has observed a sharp decline in the prices of meat products, especially beef and pork. But the lockdowns have created a supply chain deficit in the market for poultry meats, leading to a spike in the prices. The overall situation has created volatility in the meat industry, which has made the normal business growth plans in the meat industry go awry.
Asia-Pacific: A Growing Market Force
Asia-Pacific is expected to be the fastest-growing market for dry aging beef during the assessment period. Continuous population growth, steady economic progress, changing eating habits, and improving living standards, especially across developing economies, contribute to the growth of the dry-aging beef market. China and India lead the regional market. China is the fourth-largest producer of beef in the world, with an annual production of around 7.4 million metric tons in 2019.
Dry Ageing Beef Market: Key Players
Dry Ageing Beef Market Segmentation
By Distribution Channel
Central and South America and the Caribbean
The Middle East
" Crucial Insights The Report Provides:"
* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast PeriodsView Full Report Buy This Report Now