Market Overview:
The global dry ageing beef market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for high-quality meat products, increasing awareness about the benefits of dry ageing beef, and growing number of restaurants that offer dry aged beef dishes. The global dry ageing beef market is segmented on the basis of type into organic and conventional. The organic segment is projected to grow at a higher CAGR than the conventional segment during the forecast period from 2018 to 2030. This can be attributed to increasing consumer preference for organic food products due to their health benefits. On the basis of application, the global dry ageing beef market is divided into online sales and offline sales. Offline sales are further sub-segmented into foodservice and retail segments.
Product Definition:
Dry age beef is beef that has been hung or stored in a controlled environment for an extended period of time to allow natural enzymes to break down the muscle tissue, resulting in improved flavor and tenderness. The importance of dry ageing beef is that it allows for the concentration and development of flavor, as well as a decrease in moisture content, which makes the meat more tender.
Organic:
Organic meat consumption is on the rise, with rising health consciousness and awareness of animal wellbeing. Organic dry-aged beef has been established as a viable alternative to conventional wet-aged beef; however, there are few factors that restrain its growth in the market.
The main factor restraining market growth is consumer perception related to organoleptic characteristics such as aroma of organic raw materials and taste of end product.
Conventional:
Conventional is the process of removing moisture from beef using a variety of processes such as vacuum freeze-drying, air freeze-drying, and direct heat. Conventional dry ageing is used to preserve raw materials for use in ground beef production. The end product has high protein content and low fat content which makes it suitable for human consumption along with other benefits such as improvement in texture & color and increase shelf life.
Application Insights:
Offline sales dominated the global dry ageing beef market, accounting for over 70% of the revenue share in 2017. Offline channels are more convenient as compared to online and offer a wider selection of products. However, consumers prefer purchasing their meat from online stores as they can compare different offers and choose the best deal. The growth of e-commerce has been phenomenal since its inception; however, it has had a negative impact on traditional markets due to increased competition between retailers leading to low margins for middlemen. This trend is expected to continue over the forecast period with an increase in penetration rate of internet cafes and Wi-Fi hot spots across countries such as India & China where majority population shops through e-commerce portals or mobile apps.
Online sales are projected witness significant growth during future years owing to increasing consumer preference towards convenience shopping coupled with rising disposable income levels across developing regions such as Asia Pacific.
Regional Analysis:
Asia Pacific dominated the global dry aging beef market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to increasing consumer spending on meat products and rising disposable income of consumers in emerging economies including China and India. Furthermore, growing demand for aged beef from countries such as South Korea, Japan and Singapore is anticipated to drive the regional market growth over the forecast period.
Europe accounted for a significant share of revenue in 2017 owing to high demand from Germany and U.K., which are some of Europe’s largest online food delivery service providers as well as offline foodservice providers such as restaurants & pubs across various categories including fast-food chains; sit-down restaurants; quick-service restaurant (QSR); full service restaurants (FSR).
Growth Factors:
- Increasing demand for high-quality beef products: The global market for dry age beef is expected to grow at a CAGR of more than 5% during the forecast period. This is mainly because of the increasing demand for high-quality beef products, which are known for their tenderness and flavor.
- Rising disposable income in developing countries: A large number of consumers in developing countries are now able to afford premium meat products, such as dry age beef. This is due to the rising disposable income levels in these regions.
- Growing popularity of steak restaurants: The popularity of steak restaurants is growing rapidly across the world, which is boosting demand for dry age beef products. Steak restaurants offer various types of steaks that can be made using different cuts of meat, including dry age beef cuts.
Scope Of The Report
Report Attributes
Report Details
Report Title
Dry Ageing Beef Market Research Report
By Type
Organic, Conventional
By Application
Online Sales, Offline Sales
By Companies
Indian Ridge Provisions, DeBragga and Spitler, The Ventura Meat Company, Chicago Steak Company, Creek Bed Country Farmacy, Fairway Packing, The Butcher's Market, West Coast Prime Meats, American Grass Fed Beef, DrybagSTeak
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Dry Ageing Beef Market Report Segments:
The global Dry Ageing Beef market is segmented on the basis of:
Types
Organic, Conventional
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Sales, Offline Sales
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Indian Ridge Provisions
- DeBragga and Spitler
- The Ventura Meat Company
- Chicago Steak Company
- Creek Bed Country Farmacy
- Fairway Packing
- The Butcher's Market
- West Coast Prime Meats
- American Grass Fed Beef
- DrybagSTeak
Highlights of The Dry Ageing Beef Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Organic
- Conventional
- By Application:
- Online Sales
- Offline Sales
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Dry Ageing Beef Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Dry aging beef is a process of storing beef in a controlled environment, typically at around 40 degrees Fahrenheit and 90 percent humidity. This allows the meat to slowly deteriorate and develop unique flavors and textures.
Some of the key players operating in the dry ageing beef market are Indian Ridge Provisions, DeBragga and Spitler, The Ventura Meat Company, Chicago Steak Company, Creek Bed Country Farmacy, Fairway Packing, The Butcher's Market, West Coast Prime Meats, American Grass Fed Beef, DrybagSTeak.
The dry ageing beef market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Dry Ageing Beef Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Dry Ageing Beef Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Dry Ageing Beef Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Dry Ageing Beef Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Dry Ageing Beef Market Size & Forecast, 2018-2028
4.5.1 Dry Ageing Beef Market Size and Y-o-Y Growth
4.5.2 Dry Ageing Beef Market Absolute $ Opportunity
Chapter 5 Global Dry Ageing Beef Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Dry Ageing Beef Market Size Forecast by Type
5.2.1 Organic
5.2.2 Conventional
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Dry Ageing Beef Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Dry Ageing Beef Market Size Forecast by Applications
6.2.1 Online Sales
6.2.2 Offline Sales
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Dry Ageing Beef Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Dry Ageing Beef Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Dry Ageing Beef Analysis and Forecast
9.1 Introduction
9.2 North America Dry Ageing Beef Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Dry Ageing Beef Market Size Forecast by Type
9.6.1 Organic
9.6.2 Conventional
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Dry Ageing Beef Market Size Forecast by Applications
9.10.1 Online Sales
9.10.2 Offline Sales
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Dry Ageing Beef Analysis and Forecast
10.1 Introduction
10.2 Europe Dry Ageing Beef Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Dry Ageing Beef Market Size Forecast by Type
10.6.1 Organic
10.6.2 Conventional
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Dry Ageing Beef Market Size Forecast by Applications
10.10.1 Online Sales
10.10.2 Offline Sales
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Dry Ageing Beef Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Dry Ageing Beef Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Dry Ageing Beef Market Size Forecast by Type
11.6.1 Organic
11.6.2 Conventional
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Dry Ageing Beef Market Size Forecast by Applications
11.10.1 Online Sales
11.10.2 Offline Sales
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Dry Ageing Beef Analysis and Forecast
12.1 Introduction
12.2 Latin America Dry Ageing Beef Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Dry Ageing Beef Market Size Forecast by Type
12.6.1 Organic
12.6.2 Conventional
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Dry Ageing Beef Market Size Forecast by Applications
12.10.1 Online Sales
12.10.2 Offline Sales
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Dry Ageing Beef Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Dry Ageing Beef Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Dry Ageing Beef Market Size Forecast by Type
13.6.1 Organic
13.6.2 Conventional
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Dry Ageing Beef Market Size Forecast by Applications
13.10.1 Online Sales
13.10.2 Offline Sales
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Dry Ageing Beef Market: Competitive Dashboard
14.2 Global Dry Ageing Beef Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Indian Ridge Provisions
14.3.2 DeBragga and Spitler
14.3.3 The Ventura Meat Company
14.3.4 Chicago Steak Company
14.3.5 Creek Bed Country Farmacy
14.3.6 Fairway Packing
14.3.7 The Butcher's Market
14.3.8 West Coast Prime Meats
14.3.9 American Grass Fed Beef
14.3.10 DrybagSTeak
