Beef Liver Market
Segmentation By Type (Kosher and Halal); By Application (Human Consumption and Animal Nutrition); By Distribution Channel (Online and Offline) - Global Demand Analysis & Opportunity Outlook 2028
Buy Now
Segmentation By Type (Kosher and Halal); By Application (Human Consumption and Animal Nutrition); By Distribution Channel (Online and Offline) - Global Demand Analysis & Opportunity Outlook 2028
Buy Now
Our in-depth analysis of the beef liver market includes the following segments:
By Type
By Application
By Distribution Channel
By Region
Geographically, the beef liver market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
The major import markets globally are present in South Africa, Angola, Peru, Cote D’Ivoire, Mexico, Brazil, Belarus, Ukraine, and Indonesia.
North American region is expected to witness the leading position in the global beef liver market over the forecast period. The United States being the top liver exporter in the region. Various beef organ meats are shipped to China and Hong Kong. Although, retaliatory tariffs imposed during the ongoing trade clash between the U.S. and China have reduced the demand in China to an extent. Foreign customers are expected to remain the dominant purchasers of beef liver in the foreseeable future.
Further, the growing demand for high protein diets, dislike towards highly processed foods, and the presence of a huge number of farmers and ranchers involved in the meat industry is likely to expand the market growth.
In the European regions, the demand for the beef liver is substantially high. Europe has a variation in beef farming arrangements as well as supply chains with the beef-producing structures accomplishing the beef requirements. In addition to this, the gastronomic desire for beef consumption by urban & rural consumers in the European region will drive market growth.
The Asia Pacific is expected to witness significant lucrative opportunities in the forecast period, majorly attributed to China’s growing import of beef from foreign markets. According to Meat & Livestock Australia, inclusive of Hong Kong, China is now the world’s leading destination for beef, sheepmeat, pork, poultry, and organ meats, dragging in nearly one-quarter of total meat exported & imported on international markets.
Demand from the Middle East and African countries is reasonably high, considering the dominant population of Muslims here.
The Beef Liver market is further classified based on region as follows:
The beef liver market is expected to observe an attainable high CAGR during the forecast period, i.e., 2020-2028. The market is segmented by type, application, distribution, and region. Among product applications, the human consumption segment is estimated to hold the leading market share. The huge basket of health benefits, easy availability with growing home delivery solutions, and growing awareness about the consumption of organ meats are factors encouraging the market’s growth. Kosher and halal meat is mostly consumed by Jewish and Islamic populace respectively. North America, Europe, and Israel together account for the majority of the global Jewish population. Growing Islamic populations around the world primarily drive demand for the halal segment.
Growth Drivers
Mega health supplements present in beef liver
The beef liver works as a nutrition powerhouse, rich in protein, low in calories, and packed with vital vitamins and minerals. The quintessential nutrients present in the liver are - Vitamin B12, Vitamin A, Riboflavin (B2), Folate (B9), Iron, Protein, among others. Around one-quarter of beef liver is made up of protein and beef is a very high-quality protein, as it delivers all of the vital amino acids.CLICK TO DOWNLOAD SAMPLE REPORT
Also, the budding population and growing demand for lean protein sources should positively impact the market trends. Furthermore, increasing adaptation of organ meats, the liver being a cheap food source, easy availability from grocery stores, and butchers, and raising awareness on the concentration of the high nutrient in livers are likely to boost the demand for the beef liver.
Restraints
Limited mindset regarding organ meats/offal, legislative requirements, negative perceptions about beef consumption among consumers, lack of distribution and networking channels, particularly current disruption due to COVID 19, and lack of awareness related to the health benefits are a few of the key factors that might restrain the growth of the global beef liver market.
February 28, 2020: Peru has witnessed risen cases of Anemia in the past two years due to a scarcity of animal protein sources and iron intake in the diet, with the national Anemia rate in children mounting to 47%. In response to this, the U.S. Meat Export Federation (USMEF) in corporation with Grupo Pecuario, a chief importer of U.S. beef assortment meat in Peru, conducted the U.S. beef liver cooking demo and tasting activity for promoting the role of beef liver in fighting Anemia. The promotional activity was funded by the Agricultural Trade Promotion Program (ATP).
June 12, 2020: Tyson Foods, Inc., a pioneer in the food industry and Save A Lot, a U.S. discount grocer collaborated for donating 40,000 pounds of chicken to the St. Louis Area Foodbank for helping the areas of Missouri and Illinois, to fight hunger. The St. Louis Area Foodbank serves 26 counties in Missouri and Illinois and they will dispense the donated food via its committed partnership of over 500 hunger-relief programs and local organizations.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Submit Your Request For Proposal (RFP)
