A dry-aged steak has a distinctive flavor and appearance. The aging process breaks down the beef’s fat and protein to produce new cheesy and savory flavors. The process also concentrates the beef’s tenderness and enhances its flavor and aroma. During this process, the meat loses water, which gives the meat its unique, rich texture. During this process, enzymes break down muscle protein and collagen, creating a tender, juicy, and delicious steak.