Australia Beef Market Size & Outlook, 2023-2030
Australia beef market, 2017-2030 (US$M)
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Australia beef market highlights
- The Australia beef market generated a revenue of USD 9,884.6 million in 2023 and is expected to reach USD 14,368.4 million by 2030.
- The Australia market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, loin was the largest revenue generating cut in 2023.
- Brisket is the most lucrative cut segment registering the fastest growth during the forecast period.
Beef market data book summary
| Market revenue in 2023 | USD 9,884.6 million |
| Market revenue in 2030 | USD 14,368.4 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Loin |
| Fastest growing segment | Brisket |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Brisket, Shank, Loin |
| Key market players worldwide | Tyson Foods Inc Class A, NH Foods Ltd, Marfrig Global Foods SA ADR, Minerva SA ADR, Hormel Foods Corp, JBS SA ADR, Vion Food Group, Australian Agricultural Co Ltd, Cargill, Danish Crown |
Other key industry trends
- In terms of revenue, Australia accounted for 1.9% of the global beef market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China beef market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 29,948.5 million by 2030.
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Beef Market Scope
Beef Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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 Australia beef market based on brisket, shank, loin covering the revenue growth of each sub-segment from 2017 to 2030.
The expanding population has driven the demand for beef in the country. According to Safe Food Production Queensland, the country is the seventh-largest producer of beef & veal globally. It also has the seventh-largest population of cattle in the world, including dairy cows.
The country produced approximately 4% of global beef production and accounts for about 16% of world trade.Australia has remained one of the three largest exporters of beef for over seven decades and exports beef to the U.S., Korea, Japan, Taiwan, China, Indonesia, Canada, the Middle East, and others.
Beef production observed a downward trend in 2020-2021, hampered by reduced national cattle herd size after years of drought. Australia’s beef exports to all markets fell dramatically due to declining beef price competitiveness in some export markets and fewer calves born as a result of continental-scale drought in 2018-19.
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Target buyers of Australia 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 country-level data and insights on the Australia beef market , including forecasts for subscribers. This country databook contains high-level insights into Australia beef market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Australia beef market outlook size, by cut, 2017-2030 (US$M)
Australia Beef Market Outlook Share, 2023 & 2030 (US$M)
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