Middle East & Africa Beef Market Size & Outlook, 2023-2030
Middle East & Africa beef market, 2017-2030 (US$M)
Related Markets
MEA beef market highlights
- The MEA beef market generated a revenue of USD 39,746.2 million in 2023.
- The market is expected to grow at a CAGR of 3.1% 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.
MEA data book summary
| Market revenue in 2023 | USD 39,746.2 million |
| Market revenue in 2030 | USD 49,165.6 million |
| Growth rate | 3.1% (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, MEA region accounted for 7.5% 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.
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Beef Market Scope
Beef Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 Middle East & Africa beef market based on brisket, shank, loin covering the revenue growth of each sub-segment from 2017 to 2030.
The gulf region has a major advantage of raw materials for manufacturers to establish global manufacturing hubs in the area. Bahrain has the largest single site aluminum smelter in the world, largest single site steel mill in the world, and has one of the top ten fiberglass production plants worldwide. Middle East & Africa aerospace parts manufacturing market estimates and forecasts, 2018-2030.
This creates major opportunity for companies to establish further downstream. The demand for aerospace parts is expected to grow owing to the rapid growth in aviation industry. There is development of new policies and initiatives which is driving the positive changes in the aerospace landscape, thereby increasing the market demand over the forecast period.
The demand for aerospace parts is expected to grow owing to the rapid growth in aviation industry. In addition, growing number of migratory workers and their families, and tourists travelling to Middle East, resulting into increased passenger traffic in the region is expected to drive the market growth of aircraft parts manufacturing over the forecast period.
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Target buyers of Middle East & Africa 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 continent-level data and insights on the Middle East & Africa beef market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa beef market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa beef market
Middle East & Africa Beef Market Outlook Share, 2023 & 2030 (US$M)
Middle East & Africa beef market
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