Latin America Beef Market Size & Outlook, 2023-2030
Latin America beef market, 2017-2030 (US$M)
Related Markets
Latin America beef market highlights
- The Latin America beef market generated a revenue of USD 53,912.1 million in 2023.
- The market is expected to grow at a CAGR of 3.5% 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.
- Country-wise, Colombia is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 53,912.1 million |
| Market revenue in 2030 | USD 68,760.6 million |
| Growth rate | 3.5% (CAGR from 2023 to 2030) |
| Largest segment | Loin |
| Fastest growing segment | Brisket |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 10.2% of the global beef market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 164,597.8 million by 2030.
Key Regions: Brazil , U.S. , Japan , Argentina , Colombia
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Beef Market Scope
Beef Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 Latin America beef market based on brisket, shank, loin covering the revenue growth of each sub-segment from 2017 to 2030.
The growth of aerospace parts manufacturing in the Central and South America market is characterized by the dramatic changes taking place in the economy along with the improving production cycles. Brazil is the major market in the CSA region.
Embraer is the third largest aerospace company worldwide and is the biggest of its kind in Brazil owning almost 90% of the local market. There are rapid changes in Central & South America region in the aerospace sector in the economy increasing the opportunities for emerging countries which is expected to have a positive effect on the aerospace manufacturing market over the forecast period.
The key market players in the aircraft manufacturing have predicted the demand for single and twist aisle aircrafts is on the rise, owing to urbanization, replacement of old parts, growing cities and redevelopment of the region as a tourist hub.
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Target buyers of Latin America 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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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 continent-level data and insights on the Latin America beef market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America beef market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America beef market outlook size, by country, 2017-2030 (US$M)
Latin America Beef Market Outlook Share, 2023 & 2030 (US$M)
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