In the world economic growth, the Beef Protein industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Beef Protein market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, SMI analysts believe that in the next few years, Beef Protein market size will be further expanded, we expect that by 2024, The market size of the Beef Protein will reach XXX million $.
Beef is a source of high-quality protein and nutrients. Beef protein isolate is derived from boiled beef flesh. The isolate majorly contains amino acids alanine, arginine, glutamic acid, glycine, and proline. High concentration of functional protein in beef protein is expected to propel growth of the global beef protein market. Moreover, preference for the paleolithic diet among Paleo athletes is also expected to boost demand for beef protein.
Increasing prevalence of food allergies and demand for soy-free, gluten-free, and dairy-free protein powder is expected to propel growth of the global beef protein market over the forecast period. For instance, according to the study, “Prevalence and Severity of Food Allergies Among US Adults”, published in JAMA Network Open, in January 2019, around 10.8% of the study population were food allergic and the most common allergies were shellfish, milk, peanut, tree nut, and fin fish. Moreover, increasing production of beef is also expected to aid in growth of the market. For instance, according to the U.S. Department of Agriculture and the Food and Agriculture Organization, U.S. beef production in 2019 was pegged at 12.7 million tons.
Increasing number of gym-goers is expected to offer lucrative growth opportunities for players in the global beef protein market. For instance, according to the International Health, Racquet and Sportsclub Association, over 71.5 million consumers utilized U.S. health clubs in 2018. Moreover, increasing number of health club facilities is also expected to aid in growth of the market. For instance, according to the International Health, Racquet and Sportsclub Association, the number of health club facilities in the U.S. increased from 38,477 in 2017 to 39,570 in 2018.
However, availability of substitutes and preference for vegan diet is expected to hinder growth of the global beef protein market. Milk, eggs, cheese, soy, and quinoa are some of the alternatives to beef protein. For instance, according to The Vegan Society, the number of people consuming only vegetarian food in the U.K. increased from 276,000 in 2016 to 600,000 in 2019.
Key Takeaways:
- Increasing prevalence of food allergies and demand for soy-free, gluten-free, and dairy-free protein powder to augment growth of the global beef protein market over the forecast period
- Major players in the market are focused on expanding their distribution network to enhance their market share. For instance, in January 2019, RedCon1 announced that Redcon1 products will be available at Army and Air Force Exchange Service stores in the U.S.
- Major players operating in the global beef protein market include, MuscleMeds, RedCon1, Ultimate Nutrition, AllMax Nutrition, Dymatize, Universal Nutrition, SAN Nutrition, PEScience, MuscleTech, MuscleMaxx, and Scitec USA Inc.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information, please contact SMI
Section 1: Definition
Section (2 3): Manufacturer Detail
- MuscleMeds
- RedCon1
- Ultimate Nutrition
- AllMax Nutrition
- Dymatize
- Universal Nutrition
- SAN
- PEScience
- MuscleTech
- MuscleMaxx
- Scitec Nutrition
Section 4: Region Segmentation
- North America Country (United States, Canada)
- South America
- Asia Country (China, Japan, India, Korea)
- Europe Country (Germany, UK, France, Italy)
- Other Country (Middle East, Africa, GCC)
Section (5 6 7): Segmentation
Product Type Segmentation:
- Powder
- Bar
- Tablet
- Softgel
Industry Segmentation:
- Supermarkets/Hypermarkets
- Drug Stores
- Convenience Stores
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2024)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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