India Beef Market Size & Outlook, 2023-2030
India beef market, 2017-2030 (US$M)
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India beef market highlights
- The India beef market generated a revenue of USD 12,647.2 million in 2023 and is expected to reach USD 14,887.7 million by 2030.
- The India market is expected to grow at a CAGR of 2.4% 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 12,647.2 million |
| Market revenue in 2030 | USD 14,887.7 million |
| Growth rate | 2.4% (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, India accounted for 2.4% 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 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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India 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 India beef market based on brisket, shank, loin covering the revenue growth of each sub-segment from 2017 to 2030.
According to the USDA, India accounted for about 6.21% of the global beef production in 2020. The country consumed around about 5.45 billion pounds while exporting 2.83 billion pounds of beef. India has the largest cattle population, which was around 192.5 million in 2019. India exports beef to Southeast Asian and Middle Eastern countries.
The demand for Indian buffalo meat from Southeast Asia and MEA is expected to rise in the coming years on account of its increased production capacity. Most Indian states restrict the slaughtering of cattle owing to religious beliefs.
However, the meat industry depends on the slaughter of unproductive water buffaloes, cows, and bulls from the dairy sector. India exports beef at the most affordable prices, which is expected to support its growth in price sensitive markets.
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Target buyers of India 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 India beef market , including forecasts for subscribers. This country databook contains high-level insights into India beef market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India beef market outlook size, by cut, 2017-2030 (US$M)
India Beef Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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