The phrase "it is beloved" is correct and usable in written English.
You could use it to emphasize the amount of love and appreciation an object or person receives, for example: "This old book has been in our family for generations—it is beloved."
In the past year, TiVo has been widely adopted in Hollywood, where it is beloved for its ability to store up to sixty hours of programming; to create a profile of its subscribers based on what they watch and then record shows it believes they will like; and to blitz through commercials at sixty times normal speed.
It is beloved by sailors and water-skiers alike.
While it seems to inspire squeals of disgust among most American adults, it is beloved in Europe.
These days it is beloved of patissières, mixologists and chefs in the West, though still rare and costly in Europe in its natural state.
The Cambrian Railways Orchard Project combines orchard, camp fire, party venue, beekeeping and conservation, and it is beloved by the townsfolk that care for it.
It is beloved, even if sometimes misunderstood; it can be vexingly heavy, but when it's executed properly there's a righteous balance of crispness and fluff.
It's beloved by locals for its 36 holes designed by pro legend Arnold Palmer, offering inspiring vistas of the Las Vegas Valley and Red Rock Canyon desert.
It's why it's beloved and deserving of its coveted feature length film in 2019.
It was beloved in the mid-1990s for its famous chairman, Richard Rainwater, an astute investor of the Bass family's wealth.
It was beloved in Cincinnati.
Under Michael Kors, who stepped down in 2004, it was beloved by the monied New York professional.
