U.S. Beef Market Size & Outlook, 2023-2030
U.S. beef market, 2017-2030 (US$M)
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U.S. beef market highlights
- The U.S. beef market generated a revenue of USD 96,528.8 million in 2023 and is expected to reach USD 137,373.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5.2% 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 96,528.8 million |
| Market revenue in 2030 | USD 137,373.3 million |
| Growth rate | 5.2% (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, U.S. accounted for 18.3% 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 |
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U.S. 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 U.S. beef market based on brisket, shank, loin covering the revenue growth of each sub-segment from 2017 to 2030.
Beef is still the cash cow of the fresh meat retail department, with the highest retail sales within the category in the country. Top livestock and poultry slaughtering states in the U.S. include Nebraska, Kansas, Texas, Colorado, California, Wisconsin, Washington, and Pennsylvania.
As per article published by USDA in April 2022, the country also ranked fourth in terms of beef per capita consumption in the world, after Uruguay, Argentina, and Hong Kong. Increased beef production in the country has decreased the demand for Australian beef.
In addition, the imports from the North American Free Trade Agreement (NAFTA) partner countries are expected to increase due to the high value of the U.S. dollar against the Mexican Peso and Canadian dollar.
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Target buyers of U.S. 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 U.S. beef market , including forecasts for subscribers. This country databook contains high-level insights into U.S. beef market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. beef market outlook size, by cut, 2017-2030 (US$M)
U.S. Beef Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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