Japan Beef Market Size & Outlook, 2023-2030
Japan beef market, 2017-2030 (US$M)
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Japan beef market highlights
- The Japan beef market generated a revenue of USD 19,776.8 million in 2023 and is expected to reach USD 29,948.5 million by 2030.
- The Japan market is expected to grow at a CAGR of 6.1% 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 19,776.8 million |
| Market revenue in 2030 | USD 29,948.5 million |
| Growth rate | 6.1% (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, Japan accounted for 3.8% 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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Japan 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 Japan beef market based on brisket, shank, loin covering the revenue growth of each sub-segment from 2017 to 2030.
Japan is the third-largest importer of beef, after the U.S. and China. According to USDA’s 2020 report, it imported about 1.83 billion pounds of beef and consumed about 2.85 billion pounds.
With the changing consumer preferences, the youth is developing a taste for leaner red meat and steak, among others, which is expected to increase the demand for beef over the forecast period.
Japan majorly imports from the U.S. and Australia, while other importers include Mexico and Canada. The U.S. is the largest supplier of plate and brisket beef parts to Japan. The majority of imported U.S. beef is served along with a rice bowl, especially as gyudon (beef rice bowl), which is a popular Japanese dish.
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Target buyers of Japan 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 Japan beef market , including forecasts for subscribers. This country databook contains high-level insights into Japan beef market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Japan beef market outlook size, by cut, 2017-2030 (US$M)
Japan Beef Market Outlook Share, 2023 & 2030 (US$M)
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