Global Beef Category - Procurement Market Intelligence Report
Cultural and lifestyle changes have inhibited spending on fast food and dine outs among people, which has resulted in increased consumption of meat-based products such as burgers and hot dogs. Additionally, developing countries are also embracing this trend and showing increased spending on fast food meat-based items. The rising beef consumption in developing countries due to changing demographics is a key growth driver for the global beef industry.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Beef Market. Its helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
SpendEdge’s report, Global Beef Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
SpendEdge Announces the Publication of its Procurement Research Report – Global Beef Category - Procurement Market Intelligence Report
SpendEdge recognizes the following companies as the key suppliers in the Global Beef Market:
Commenting on the report, an analyst from SpendEdge said: “Buyers must look to engage with suppliers that provide transparency into the health records and certificates of all the cattle used to extract the meat. ”
According to the report, the rising beef consumption in developing countries due to changing demographics is a key growth driver for the global beef industry. Consumers are increasingly consuming meat-based products in the form of fast food and dine outs, which is mainly due to the changing lifestyle of people in developing economies.
Further, the report states that one of the challenges faced by buyers is the increased competition from pork and chicken. Pork and chicken are direct substitutes of beef as they provide the almost same amount of protein value while the per pound prices of beef and chicken are lower than that of beef.
Cargill,JBS, Tyson foods,WH Group ,BRF
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