Germany Beef Market Size & Outlook, 2023-2030
Germany beef market, 2017-2030 (US$M)
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Germany beef market highlights
- The Germany beef market generated a revenue of USD 18,387.8 million in 2023 and is expected to reach USD 25,892.7 million by 2030.
- The Germany market is expected to grow at a CAGR of 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 18,387.8 million |
| Market revenue in 2030 | USD 25,892.7 million |
| Growth rate | 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, Germany accounted for 3.5% 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 Europe, Germany beef market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 25,892.7 million by 2030.
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Beef Market Scope
Beef Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany 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 Germany beef market based on brisket, shank, loin covering the revenue growth of each sub-segment from 2017 to 2030.
Pork, beef, and poultry are the main varieties of meat consumed in the country, with pork being the most popular. The population in Germany mostly prefers pork over beef, hence the demand for beef is expected to remain stagnant over the forecast period.
However, the beef market is expected to witness steady growth over the forecast period, owing to the increasing number of Muslim immigrants in the country.
According to BAMF Research Centre’s report ‘Muslim Life in Germany 2020’, about 5.3 to 5.6 million Muslims with a migration background from a predominantly Muslim country of origin live in Germany, which is expected to drive the beef market over the forecast period.
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Target buyers of Germany 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 Germany beef market , including forecasts for subscribers. This country databook contains high-level insights into Germany beef market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Germany beef market outlook size, by cut, 2017-2030 (US$M)
Germany Beef Market Outlook Share, 2023 & 2030 (US$M)
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