According to 6Wresearch, Asia Pacific Beef Market size is anticipated to register growth during 2021-2027. China is the biggest consumer of Beef in the region followed by Indonesia, Vietnam, India and South Korea. This demand is mostly driven by increasing middle class and influence of western food culture in this region. The increasing concerns over food safety of domestically produced products in these countries is resulting in increasing imports and stagnant production. The demand for local Beef is mainly driven by low price, freshness and versatility. This increased demand for imported Beef has also driven the prices of Beef up as people are willing to pay the price premium. Australia on the other hand is the biggest exporter of Beef in this region. The demand for Australian Beef is mainly driven by its safety, quality and good taste. The market in this region is mostly fragmented with a considerable number of small-medium scale participants and a few global key players. Some of the major key players in the Beef market in Asia Pacific are BRF S.A., Cargill Inc., Cherkizovo Group, Foster Farms, Hormel Foods, Marfrig Group, National Beef, Nippon Meat Packers Inc., Perdue Farms, Pilgrim’s Pride, Sadia S.A., Sanderson Farms Inc., Shuanghui International, Smithfield Foods Inc., and Tyson Foods Inc.
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