Global Beef Market Size & Outlook, 2023-2030
Global beef market, 2017-2030 (US$M)
Related Markets
Global beef market highlights
- The global beef market generated a revenue of USD 526,505.0 million in 2023 and is expected to reach USD 712,544.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.4% by 2030.
- In terms of segment, loin accounted for a revenue of USD 191,311.8 million in 2023.
- Brisket is the most lucrative cut segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 526,505.0 million |
| Market revenue in 2030 | USD 712,544.6 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Loin |
| Fastest growing segment | Brisket |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Brisket, Shank, Loin |
Other key industry trends
- In terms of revenue, the North America accounted for 22.1% of the global beef market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 14,887.7 million by 2030.
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Beef Market Scope
Beef Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global beef market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to beef market will help companies and investors design strategic landscapes.
Loin was the largest segment with a revenue share of 36.34% in 2023. Horizon Databook has segmented the Global beef market based on brisket, shank, loin covering the revenue growth of each sub-segment from 2017 to 2030.
Beef is one of the most preferred types of red meat owing to its firm texture and intense flavor. It is considered to be an important part of the diet in the western world. Beef and veal (meat obtained from calves) have the highest protein content among other meats. This is expected to propel their demand as a key source of quality protein.
According to estimates provided by the National Chicken Council, U.S., the total consumption of meat in the country, which includes beef, pork, chicken, and turkey, was around 199 pounds per person per year back in 2012, which rose to 223 pounds per person per year in 2019. This trend is expected to propel the demand for beef over the forecast period.
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Target buyers of Global beef market databook
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Our clientele includes a mix of beef market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global beef market , including forecasts for subscribers. This global databook contains high-level insights into Global beef market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global beef market outlook size, by region, 2017-2030 (US$M)
Top 10 countries: Beef market size, 2023 (US$M)
Global beef market share, by cut, 2023 & 2030 (%, US$M)
Beef market: Opportunity assessment by country
Global beef market, by region, 2023 (US$M)
Related regional statistics
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