U.S (New York)– The “U.S. Dry Aging Beef Market ” 2023 research report appears to cover various aspects of the market, including the strategies of top players, market segments, competitive landscape, manufacturing, and pricing structures. In this report, we will provide an in-depth analysis of the current state of the global Bahrain Alcoholic Beverages Market, its key drivers and challenges, and its future prospects. This study contains research on market dynamics, such as SWOT, PESTLE, and Porter’s Five Forces analysis, as well as details about drivers, constraints, trends, and opportunities. These studies may assist in providing a thorough overview of the worldwide industry. Additionally, the key segments of the industry are evaluated according to their performance.
U.S. Dry Aging Beef Market was valued at $10,605 million in 2016, and is expected to reach $11,176 million by 2020, supported by a CAGR of 1.3% during the forecast period. The aging of beef is done through two processes, namely wet aging and dry aging. Dry aging is a process wherein beef is hung in open air, followed by refrigerated for several weeks. The meat slowly loses moisture and changes its texture and flavor. However, in wet aging process, beef pieces are vacuum-packed in plastic containers, and shipped in the market. Most of the food service companies offering dry aging beef order beef as individual steaks from loin butcher companies.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Dry aging process is widely used in the food industry, as the end product has a highly concentrated, saturated natural flavor and tenderized texture of meat. Increase in consumer preference towards protein-rich food products and rise in disposable income are expected to boost the demand for dry aging beef in the U.S. This process can be executed in home settings using dry age bags. However, the major concern with the production of dry aging beef at home is the requirement of large space for storage and refrigerators. In addition, dry aging process requires precise monitoring of temperature and humidity to ensure proper drying. This process requires humidity level of 80-85% to ensure minimal water loss and concentration of the flavor. In addition, distribution of dry aged beef in the international markets is a challenging task, owing to the logistics and access issues associated with the export of red meat.
The report includes the study of the U.S. dry aging beef market in terms of value and volume for the period, 2014-2020. The market overview provides trends about dry aging beef production, distribution channels, and sales through retail shops, and restaurants.
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The report includes a comprehensive analysis of the dry aging beef packaging business. The market analysis and forecast of the U.S. dry aging beef packaging is provided in the report. A detailed analysis about the U.S. dry aging beef manufacturing companies and clients is included in the report. In addition, the challenges associated with the production and distribution of dry aging beef, and expansion of the dry aging beef packaging business are discussed.
Key players in the value chain include
DeBragga
The Ventura Meat Company
Buckhead beef
Chicago Steak Company
American Grass Fed Beef
Fairway Packing Company
West Coast Prime Meats
DryAgePro
Henkelman
Creek Bed Country Farmacy, LLC
The profile analysis of DrybagSteak, LLC., also known as Umai Dry, along with the detailed analysis of the net sales of Umai Dry bags for home and commercial applications is provided in the report. Major companies have adopted agreement, product launches, expansions, mergers, and agreements to sustain the intense competition in this market. The key players detailed in the report include:
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KEY BENEFITS OF U.S DRY AGING BEEF MARKET:
In-depth analysis of the dry aging beef market and estimations for the U.S. between 2014 and 2020 are provided in the report.
Competitive intelligence of leading manufacturers and distributors assists in understanding the competitive scenario in U.S.
The market analysis for the factors that drive and restrain the growth of the market are provided.
Extensive analysis of the beef industry is conducted by following key product positioning and monitoring the top competitors within the market framework.
Key market players are profiled and their strategies are analyzed thoroughly, which provides a competitive outlook of the market.
In addition, dry aging beef production market share by key producers (meat processors, distributors, loin butcher companies, and end users) is also provided in the report.
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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