Bangladesh Beef Market (2023-2029) Outlook | Growth, Revenue, Trends, Size, COVID-19 IMPACT, Analysis, Companies, Forecast, Share, Value & Industry

Bangladesh Beef Market Highlights

Report Name	Bangladesh Beef Market
Base Year	2022
Historical Period	2019-2022
Forecast Period	2023-2029
Growth Rate (CAGR)	10.45%
Report Coverage	Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share
Segment Coverage	By Beef Cut, By Beef Slaughter Method
Customization Scope	100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com
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Topics Covered in the Bangladesh Beef Market

Bangladesh Beef Market report thoroughly covers the market by beef cut and by beef slaughter method. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Bangladesh Beef Market Synopsis

Bangladesh Beef Market is one the fastest growing markets as the demand for beef in the country is particularly high due to the rising consumption of beef. The market is characterized by a mix of small-scale local suppliers. The growth of this market is propelled by a growing population which considers beef as a staple protein source. Additionally, urban areas have a higher demand for processed and packaged beef products. In general, beef is one of the primary sources of animal protein in the diet. The market encompasses various aspects, from cattle farming and slaughtering to distribution and consumption. Also, Bangladesh is a predominantly Muslim country, and the religious beliefs of a significant portion of the population influence beef consumption patterns and practices.

According to 6Wresearch, the Bangladesh Beef Market is projected to grow at a growth rate (CAGR) of 10.45% during the forecast period of 2023-2029. The Bangladesh beef market has experienced growth over the years, attributed to a rising population, changing dietary preferences, and an increasing middle-class segment with higher disposable incomes. There has been a noticeable increase in the number of cattle farms and meat processing facilities to meet this burgeoning demand. Additionally, the government has taken steps to encourage investment in the livestock sector, which has further stimulated the Bangladesh Beef Market Growth. However, ensuring the quality and safety of beef products and addressing environmental concerns related to cattle farming also need attention as the market continues to expand. There is a growing trend toward processed and packaged beef products to meet changing consumer preferences, particularly in urban areas. Overall, the Bangladesh Beef Market size is expanding as this market remains a vital part of the country's food industry, contributing to both economic growth and food security. 

Government policies and schemes introduced in the Bangladesh Beef Market 

The government of Bangladesh has been endorsing beef exports to earn foreign exchange. Several policies and incentives have been presented to simplify the export of beef products. The government has executed programs to improve the quality and efficiency of livestock. These programs often involve the distribution of improved cattle breeds and veterinary services to farmers. Moreover, the government has implemented food safety regulations to ensure the quality and safety of beef products. These regulations cover meat processing standards, slaughterhouse hygiene, and labelling requirements.

The Impact of COVID-19 on the Bangladesh Beef Market

The beef supply chain in Bangladesh was disrupted due to lockdowns and transportation restrictions during the COVID-19 pandemic. This has resulted in a shortage of beef and beef products. Consumer preferences shifted during the pandemic. There was an increased demand for processed and packaged beef products as consumers became more cautious about food safety and health concerns. The economic challenges posed by the pandemic massively affected overall meat consumption patterns. The closure of restaurants and hotels, which are significant consumers of beef, had a negative impact on the Bangladesh Beef Industry. 

Leading players in the Bangladesh Beef Market

Some of the prominent companies in the Bangladesh Beef Market include;

• M.K. Meat: M.K. Meat is one of the prominent names in the Bangladesh beef market which is also a major part of the Asia Pacific Beef Market. They are involved in beef processing, catering to both domestic and export markets.
• Sufi International: Sufi International is engaged in the import and distribution of frozen beef and other meat products.
• Alin Food Products Ltd: This is a major player in the processed food industry in Bangladesh.
• BRAC Feed Mills Limited: BRAC Feed Mills is part of BRAC, one of the largest development organizations. They are involved in livestock and poultry feed production, which indirectly impacts the beef market.
• Aftab Bahumukhi Farms Ltd: Aftab Bahumukhi Farms is known for its involvement in livestock development.

Market Analysis by Beef Cut

According to Nitesh Kumar, Research Manager, 6Wresearch, the Loin cuts are projected to witness enormous growth due to rising affluence, a growing middle class, and an increased interest in premium beef cuts. While Brisket and Shank may experience stable demand, driven by traditional cuisine and restaurant offerings.

Market Analysis by Beef Slaughter Method

Based on the Beef Slaughter Method, Halal beef is expected to have a significant market share and constant growth, driven by the predominance of Islam in Bangladesh and the importance of halal certification for domestic consumption.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Market Size of Bangladesh Beef Market, 2022
• Forecast of Bangladesh Beef Market, 2029
• Historical Data and Forecast of Bangladesh Beef Revenues & Volume for the Period 2019 - 2029
• Bangladesh Beef Market Trend Evolution
• Bangladesh Beef Market Drivers and Challenges
• Bangladesh Beef Price Trends
• Bangladesh Beef Porter's Five Forces
• Bangladesh Beef Industry Life Cycle
• Historical Data and Forecast of Bangladesh Beef Market Revenues & Volume By Beef Cut for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Beef Market Revenues & Volume By Brisket for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Beef Market Revenues & Volume By Shank for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Beef Market Revenues & Volume By Loin for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Beef Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Beef Market Revenues & Volume By Beef Slaughter Method for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Beef Market Revenues & Volume By Kosher for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Beef Market Revenues & Volume By Halal for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Beef Market Revenues & Volume By Others for the Period 2019 - 2029
• Bangladesh Beef Import Export Trade Statistics
• Market Opportunity Assessment By Beef Cut
• Market Opportunity Assessment By Beef Slaughter Method
• Bangladesh Beef Top Companies Market Share
• Bangladesh Beef Competitive Benchmarking By Technical and Operational Parameters
• Bangladesh Beef Company Profiles
• Bangladesh Beef Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Beef Cut

• Brisket
• Shank
• Loin
• Others

By Beef Slaughter Method

• Kosher
• Halal
• Others

Bangladesh Beef Market: FAQs