The beef market was valued at USD 468.3 billion in 2021 and is expected to expand at a CAGR of 4.7% over the forecast period from 2022 to 2030. The rising awareness about the importance of a protein-rich diet is driving the demand for meat products including beef. Additionally, the increasing application of beef cuts in the food service industry in the preparation of hotdogs, sausages, and steaks is also likely to drive market growth.
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