Russia Beef Market Size & Outlook, 2023-2030
Russia beef market, 2017-2030 (US$M)
Related Markets
Russia beef market highlights
- The Russia beef market generated a revenue of USD 13,402.1 million in 2023 and is expected to reach USD 16,130.6 million by 2030.
- The Russia market is expected to grow at a CAGR of 2.7% 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 13,402.1 million |
| Market revenue in 2030 | USD 16,130.6 million |
| Growth rate | 2.7% (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, Russia accounted for 2.5% 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 Europe, Germany beef market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 25,892.7 million by 2030.
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Beef Market Scope
Beef Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Russia 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 Russia beef market based on brisket, shank, loin covering the revenue growth of each sub-segment from 2017 to 2030.
According to a USDA study conducted in 2020, Russia consumed about 3.76 billion pounds with imports of 800 million pounds. The cattle farming sector in Russia is still transitioning to more specialization between dairy and beef operations yet the majority of beef in Russia still originates from dairy cattle.
The influence of the soviet approach to beef as a by-product of the dairy industry remains strong. Accelerated growth of production at major beef farms has not yet overcome the reduced beef production due to shrinking livestock inventories at dairies.
Therefore, increased demand coupled with a lack of domestic production is expected to increase beef import from other countries over the forecast period.
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Target buyers of Russia 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 Russia beef market , including forecasts for subscribers. This country databook contains high-level insights into Russia beef market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Russia beef market outlook size, by cut, 2017-2030 (US$M)
Russia Beef Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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