Canada Beef Market Size & Outlook, 2023-2030
Canada beef market, 2017-2030 (US$M)
Related Markets
Canada beef market highlights
- The Canada beef market generated a revenue of USD 7,287.9 million in 2023 and is expected to reach USD 10,122.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.8% 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 7,287.9 million |
| Market revenue in 2030 | USD 10,122.8 million |
| Growth rate | 4.8% (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, Canada accounted for 1.4% 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 North America, U.S. beef market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 137,373.3 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Beef Market Scope
Beef Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 Canada beef market based on brisket, shank, loin covering the revenue growth of each sub-segment from 2017 to 2030.
The increasing demand for protein sources in the country is expected to drive the beef market. According to the Organization for Economic Co-operation and Development (OCED), Canada was one of the largest pork and beef producers in 2019 and witnesses significant export as well as domestic consumption.
Canadian Cattlemen’s Association 2020, the U.S. is the main export market for Canadian beef, accounting for approximately 47% domestically produced cattle and beef. However, the rising prices of beef—owing to increased feed prices—are likely to restrain the market growth.
Statistics Canada revealed the Consumer Price Index and it showed that prices for meat products rose almost 10% in October of 2021, compared to October 2020. The price of fresh or frozen beef witnessed a jump of 14%, processed meat climbed by 8%, while bacon rose by a whopping 20.2% year over year, according to Statistics Canada.
Reasons to subscribe to Canada beef market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Canada beef market databook
-
Our clientele includes a mix of beef market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 Canada beef market , including forecasts for subscribers. This country databook contains high-level insights into Canada beef market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Canada beef market outlook size, by cut, 2017-2030 (US$M)
Canada Beef Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
