Brazil Beef Market Size & Outlook, 2023-2030
Brazil beef market, 2017-2030 (US$M)
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Brazil beef market highlights
- The Brazil beef market generated a revenue of USD 33,339.0 million in 2023 and is expected to reach USD 43,319.2 million by 2030.
- The Brazil market is expected to grow at a CAGR of 3.8% 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 33,339.0 million |
| Market revenue in 2030 | USD 43,319.2 million |
| Growth rate | 3.8% (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, Brazil accounted for 6.3% 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 Latin America, Brazil beef market is projected to lead the regional market in terms of revenue in 2030.
- Colombia is the fastest growing regional market in Latin America and is projected to reach USD 5,088.3 million by 2030.
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Beef Market Scope
Beef Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 Brazil beef market based on brisket, shank, loin covering the revenue growth of each sub-segment from 2017 to 2030.
Brazil has the world’s second-largest population of cattle herd, amounting to 232 million head, and its production is largely based on grass. Increased beef demand worldwide has stirred increased production and productivity gains.
Hong Kong and China continue to dominate as the top two destinations for Brazil’s beef export, amounting to 44% of beef shipments in 2020. The other major export markets for Brazilian beef are Egypt, Iran, Algeria, and the United Arab Emirates (UAE).
The country also seeks to increase its beef export to South Africa, Iraq, Myanmar, Malaysia, and Singapore, and is in negotiations to open its beef market to Indonesia, the most populous Muslim country in the world, according to USDA’s Foreign Agricultural Services (FAS).
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Target buyers of Brazil 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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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil beef market , including forecasts for subscribers. This country databook contains high-level insights into Brazil beef market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil beef market outlook size, by cut, 2017-2030 (US$M)
Brazil Beef Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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