Mexico Beef Market Size & Outlook, 2023-2030
Mexico beef market, 2017-2030 (US$M)
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Mexico beef market highlights
- The Mexico beef market generated a revenue of USD 12,607.5 million in 2023 and is expected to reach USD 17,101.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.5% 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 12,607.5 million |
| Market revenue in 2030 | USD 17,101.7 million |
| Growth rate | 4.5% (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, Mexico 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 North America, U.S. beef market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 137,373.3 million by 2030.
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Beef Market Scope
Beef Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 Mexico beef market based on brisket, shank, loin covering the revenue growth of each sub-segment from 2017 to 2030.
Mexico is the eighth largest producer of beef according to the USDA and it produced about 2,079,000 metric tons of beef in 2020, accounting for 3.43% of the global production. Due to stable and low grain prices, feedlot producers can extend the finishing phase from 3-4 months to 5-6 months, resulting in higher weights of beef in commercial production.
Increased domestic herd recovery and reproduction is expected to drive the Mexico beef market. The increased prices of beef are expected to restrain the market growth. However, with growing disposable incomes, the demand for beef is also expected to rise.
In 2020, the per capita consumption of beef in the country was around 30.9 pounds. The upper and middle-income population are expected to continue consuming selected fine cuts, while the low and medium-income population are expected to continue consuming low-priced cuts such as “bistec” (a thin muscle cut).
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Target buyers of Mexico 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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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico beef market , including forecasts for subscribers. This country databook contains high-level insights into Mexico beef market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico beef market outlook size, by cut, 2017-2030 (US$M)
Mexico Beef Market Outlook Share, 2023 & 2030 (US$M)
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