Global Beef Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Cut;
Brisket, Shank, Loin and Others.By Slaughter Method;
Halal, Kosher and Others.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Beef Market (USD Million), 2021 - 2031
In the year 2024, the Global Beef Market was valued at USD 201,390.75 million. The size of this market is expected to increase to USD 252,779.45 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.3%.
The global beef market represents a critical segment within the broader livestock and meat industry, characterized by its widespread consumption across various cultures and cuisines worldwide. Beef, derived primarily from cattle, is a significant source of protein and essential nutrients for millions of people globally. The market's dynamics are influenced by factors such as consumer preferences, economic conditions, dietary trends, and agricultural practices in major producing and consuming regions.
Key players in the global beef market include leading meat processing companies, agricultural cooperatives, and livestock producers that span continents. North America, South America, Europe, and Asia-Pacific are major regions contributing to both production and consumption, with variations in consumer tastes and preferences driving market segmentation. The market is also shaped by regulatory frameworks concerning animal health, food safety standards, and trade agreements that impact international supply chains and market access. As global populations grow and dietary habits evolve, the beef market continues to adapt, focusing on sustainability, animal welfare, and innovation in production methods to meet the increasing demand for high-quality beef products.
Global Beef Market Recent Developments
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April 2023 - Aleph Farms, one of the leading cultivated meat producers, announced plans to launch its brand Aleph Cuts with beef products, such as Petit Steak. The company was planning to launch these products in Israel and Singapore.
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March 2022 – The Global Roundtable for Sustainable Beef (GRSB), which is a scientific advisory council designed to improve sustainability in the global beef industry, announced the launch of the Beef Carbon Footprint Guideline to improve sector-wise consistency in the calculation of the carbon footprint of the beef industry.
Segment Analysis
The global beef market can be segmented based on various factors such as type, production method, and end-use applications. In terms of type, the market includes segments like grass-fed and grain-fed beef, each catering to different consumer preferences and dietary considerations. Grass-fed beef is often favored for its perceived health benefits and environmental sustainability, appealing to consumers looking for natural and organic meat options. Conversely, grain-fed beef is known for its marbling and tenderness, making it popular in premium markets and culinary applications.
From a production perspective, the market distinguishes between conventional and organic beef production methods. Organic beef, produced without synthetic pesticides or antibiotics, is gaining traction among health-conscious consumers and those concerned about animal welfare and environmental impact. Conventional beef production, on the other hand, remains dominant due to higher yields and lower production costs, serving a broader market base. End-use applications further segment the market into retail and foodservice sectors, with varying demand patterns influenced by consumer spending habits, dietary trends, and cultural preferences across different regions. Overall, these segmentations reflect the diverse landscape of the global beef market, driven by evolving consumer choices, sustainability initiatives, and technological advancements in agriculture and food processing.
Global Beef Market Analysis
The Global Beef Market has been segmented by Cut, Slaughter Method and Geography.
Global Beef Market, Segmentation by Cut
The Global Beef Market has been segmented by Cut into Brisket, Shank, Loin and Others.
The global beef market, segmented by cut into brisket, shank, loin, and others, reflects diverse consumer preferences and culinary applications across different regions. Brisket, known for its rich flavor and tender texture when slow-cooked, is popular in barbecue and smoked meat dishes, particularly in North America. Shank cuts, characterized by their robust flavor and collagen-rich composition, are often utilized in braised dishes and soups, appealing to consumers seeking hearty, flavorful meals. Loin cuts, including prime cuts like sirloin and tenderloin, are prized for their tenderness and versatility, commonly used in steaks and upscale dining experiences globally.
Beyond these primary cuts, the "others" category encompasses a range of less common beef cuts that vary regionally and culturally. These cuts may include chuck, rib, round, and offal, each serving distinct culinary purposes and preferences. The segmentation by cut allows for targeted marketing and production strategies, catering to both domestic and international markets where consumer tastes and culinary traditions influence demand. As the global beef market continues to evolve, producers and retailers adapt by promoting specific cuts based on quality, taste, and cooking versatility, ensuring a diverse range of options to meet the varied demands of consumers worldwide.
Global Beef Market, Segmentation by Slaughter Method
The Global Beef Market has been segmented by Slaughter Method into Halal, Kosher and Others.
The global beef market, segmented by slaughter method into Halal, Kosher, and others, reflects cultural and religious dietary practices influencing consumer preferences and market dynamics. Halal beef, slaughtered according to Islamic principles and practices, holds significant importance in Muslim-majority regions and communities worldwide. The adherence to Halal slaughter methods, which involve specific guidelines to ensure humane treatment and cleanliness, appeals to consumers seeking religious compliance in their food choices. This segment of the market not only serves domestic markets but also contributes to international trade, meeting the dietary needs of Muslim consumers globally.
Similarly, Kosher beef adheres to Jewish dietary laws and practices, including specific requirements for slaughter and preparation under rabbinical supervision. Kosher-certified beef is sought after by Jewish communities and those who prefer products certified for their adherence to religious dietary standards. The Kosher segment, like Halal, plays a crucial role in both domestic markets, particularly in regions with significant Jewish populations, and in international trade where certification ensures compliance with religious dietary laws. The segmentation by slaughter method into Halal, Kosher, and others underscores the cultural diversity and religious considerations influencing the global beef market, shaping consumer choices and market strategies in meat production and distribution.
Global Beef Market, Segmentation by Geography
The Global Beef Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Beef Market Share (%), by Geographical Region, 2024
The global beef market is segmented by geography into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, each region contributing uniquely to the global consumption and production of beef. North America and Europe are major consumers and producers of beef, driven by high meat consumption per capita and well-established meat processing industries. These regions are characterized by a diverse range of beef cuts and culinary traditions, with preferences varying from premium cuts in fine dining to processed meats in fast food chains.
In contrast, Asia Pacific and Latin America are significant producers and emerging markets for beef, supported by expansive agricultural landscapes and growing middle-class populations. In Asia Pacific, countries like China, India, and Australia are pivotal in beef production and consumption, influenced by dietary shifts and economic growth. Latin America, particularly countries like Brazil and Argentina, boasts extensive cattle ranching industries, exporting substantial volumes of beef globally. Meanwhile, the Middle East and Africa region, while smaller in production compared to other regions, has a significant market for Halal beef, catering to Muslim dietary preferences. Overall, regional segmentation in the global beef market reflects diverse consumption patterns, production capabilities, and cultural influences shaping the industry on a global scale.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Beef Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Consumer Demand and Preferences
- Economic Growth and Rising Disposable Incomes
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Urbanization and Changing Dietary Patterns: Urbanization and changing dietary patterns are significant drivers influencing the global beef market. As populations increasingly migrate to urban areas, there is a notable shift in dietary habits towards higher consumption of animal protein, including beef. Urban lifestyles often correlate with higher disposable incomes and access to a variety of food choices, encouraging greater consumption of beef products. This trend is particularly evident in emerging economies within Asia Pacific, Latin America, and parts of Africa, where rapid urbanization is accompanied by a growing middle class seeking protein-rich diets associated with improved living standards.
Changing dietary patterns globally, influenced by cultural influences, health perceptions, and culinary trends, contribute to the evolving demand for beef. In some regions, beef is considered a staple protein source, integral to traditional cuisines and celebrations. However, shifting health perceptions and environmental concerns have led to increased interest in alternative diets, such as plant-based or flexitarian lifestyles, which may impact beef consumption patterns in certain demographics. Nonetheless, the overall trend towards urbanization and the associated dietary shifts continue to drive demand for beef, prompting producers and stakeholders in the beef industry to adapt by promoting sustainable production practices and meeting diverse consumer preferences worldwide.
Restraints:
- Regulatory Challenges and Trade Barriers
- Health and Nutritional Concerns
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Volatility in Feed Costs: Volatility in feed costs represents a significant challenge for participants in the global beef market, impacting both producers and consumers alike. Feed costs, primarily influenced by fluctuations in grain prices such as corn and soybeans, directly affect the profitability of beef production. When feed costs rise, farmers and ranchers face increased operational expenses, leading to higher production costs for beef cattle. This can squeeze profit margins and force producers to either absorb higher costs or pass them on to consumers through increased beef prices.
Volatility in feed costs can disrupt supply chains and production planning within the beef industry. Uncertain feed prices make it difficult for producers to forecast production costs accurately, affecting decisions on herd expansion, feed purchases, and overall farm management strategies. For consumers, fluctuations in feed costs can result in price variability at the retail level, impacting affordability and consumption patterns. Addressing volatility in feed costs requires strategies such as diversifying feed sources, implementing risk management practices, and investing in technologies that enhance feed efficiency and reduce dependency on costly inputs. These measures are crucial for stabilizing the economic viability of beef production and ensuring a reliable supply of beef products to meet global demand.
Opportunities:
- Expansion of Export Markets
- Innovation in Sustainable Production Practices
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Rising Demand for Premium and Organic Beef: The rising demand for premium and organic beef reflects shifting consumer preferences towards higher quality, ethically produced meat products. Premium beef is characterized by superior marbling, tenderness, and flavor, often sourced from specific cattle breeds or raised under controlled conditions that enhance meat quality. Consumers are increasingly willing to pay a premium for beef that meets stringent quality standards, whether for gourmet dining experiences or home-cooked meals. This trend is particularly prominent in developed markets like North America, Europe, and parts of Asia Pacific, where discerning consumers prioritize factors such as taste, nutritional value, and sustainability.
There is a growing preference for organic beef, driven by concerns over food safety, environmental sustainability, and animal welfare. Organic beef is produced without synthetic pesticides, hormones, or antibiotics, adhering to strict organic farming practices certified by regulatory bodies. This segment appeals to health-conscious consumers seeking meat products perceived as healthier and more environmentally friendly. The demand for organic beef is expanding globally, supported by increasing consumer awareness and willingness to support sustainable agriculture practices. Producers and retailers are responding by expanding their organic beef offerings, investing in organic certification, and promoting transparency in sourcing and production methods to meet the growing market demand for premium and ethically produced beef products.
Competitive Landscape Analysis
Key players in Global Beef Market include:
- American Foods Group, LLC.
- Agri Beef Co.
- Perdue Farms Inc.
- Tyson Foods, Inc.
- Strauss Brands LLC
- Cargill, Incorporated
- Central Valley Meat
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Cut
- Market Snapshot, By Slaughter Method
- Market Snapshot, By Region
- Global Beef Market
- Drivers, Restraints and Opportunities
- Drivers
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Consumer Demand and Preferences
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Economic Growth and Rising Disposable Incomes
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Urbanization and Changing Dietary Patterns
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- Restraints
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Regulatory Challenges and Trade Barriers
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Health and Nutritional Concerns
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Volatility in Feed Costs
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- Opportunities
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Expansion of Export Markets
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Innovation in Sustainable Production Practices
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Rising Demand for Premium and Organic Beef
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- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Beef Market, By Cut, 2021 - 2031 (USD Million)
- Brisket
- Shank
- Loin
- Global Beef Market, By Slaughter Method, 2021 - 2031 (USD Million)
- Halal
- Kosher
- Global Beef Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- North America
- Global Beef Market, By Cut, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- American Foods Group, LLC.
- Agri Beef Co.
- Perdue Farms Inc.
- Tyson Foods, Inc.
- Strauss Brands LLC
- Cargill, Incorporated
- Central Valley Meat
- Company Profiles
- Analyst Views
- Future Outlook of the Market