HomeUncategorizedBeef Market Size And...

Beef Market Size And Forecast Report 2024-2032

Global Beef Market Analysis

As per the Renub Research’s latest report by titled “Global Beef Market Forecast Report By Consuming Countries (United States, China, Brazil, European Union, India, Argentina, Mexico, Russia, Japan, United Kingdom, Canada, Others), Producing Countries (United States, Brazil, China, European Union, India, Argentina, Australia, Mexico, Russia, Canada, South Africa, Others), Importing countries Global Beef Market, Exporting Countries and Company Analysis 2024-2032″ The Global Beef Market will reach US$ 720.58 billion by 2032, up from US$ 500.18 billion in 2023, with a CAGR of 4.14% between 2024 and 2032. In the past, many cultures believed beef was a luxury that could only be enjoyed on specific days or special occasions of the week. Nowadays, it is a staple found in nearly all restaurants and many kitchens worldwide. Beef has higher protein content than pork, turkey, chicken, and lamb. Surging awareness associated with protein consumption through high nutritional food is gaining importance.

Regardless, the rise in population and consumer disposable income and beef emerging as a critical source of protein are significant factors driving the beef market. Beef is one of the most consumed meat forms globally and is only second to pork in volume consumption. There is a significant supply-demand gap in the market due to the limited production of this meat owing to various environmental and political aspects. Further, the rapid and recent spread of infections in the poultry and pork markets has resulted in consumers turning to beef and associated products. Besides, increasing demand for unique cuts of meat, including halal beef and kosher, is expected to fuel the beef market.

 COVID-19 Impact:

The onset of the COVID-19 pandemic has strongly impacted the global beef industry, especially in the first half of 2020. The COVID-19-related temporary shutdown of the meat processing industry will strongly affect the supply-demand curve for beef in 2020. The closure of restaurants in many world regions had a negative effect on the beef industry.

Nonetheless, the demand from ecommerce and online retail stores amid the ongoing COVID-19 pandemic has to raise the sales of beef and beef products in 2020. Moreover, due to the fluctuating economy and the growing uncertainty related to inflation, the global beef market will witness sluggish growth in the forecast period.

The United States is one of the largest producers of beef in the global market:

In the few years, the United States has witnessed significant imports of chilled grass beef. Demand from restaurant chains such as McDonald’s and Burger King is also expected to contribute to the growth of the United States market. The Islamic population’s growth will trigger demand for halal beef over the coming year. In addition, the safety and quality benefits of kosher beef will begin demand in the North American region. Enhancement in slaughtering techniques and improvement in animal feed technology is projected to create opportunities for various market participants in the value chain.

Likewise, beef consumption across developing regions, including United States, China, Brazil, European Union, India, Argentina, Mexico, Canada, Russia, and Japan has witnessed consistent growth over the past few decades. The global beef supply chain substantially influences the overall pricing of beef and beef-related products. Beef consumption has increased consistently over the past few decades despite concerns raised by scientists and researchers about the consumption of red meat. The entry of various cold storage alternatives, the exponential rise in the number of local butchers, and the growing need for protein-rich food products are significant aspects foreseen to fuel the development of the beef industry during the forecast period.

Related Report :

Pepperoni Food Market

Processed Meat Market

Plant Based Meat Market

Brazil is the largest beef exporter in the world:

Globally, Brazil is the biggest exporter of beef, followed by India, Australia, the United States, Argentina, New Zealand, Canada, Uruguay, Mexico and Paraguay. Despite already being the biggest exporter of meat, Brazil was also one of the country’s growing exports the strongest, together with  Canada and Argentina. While Brazilian beef is undoubtedly a sought-after product abroad, Brazil has also been criticized for its cattle industry, which is strongest in the country’s central states and has generated a lot of deforestation. Cattle need feed and room to feed. Millions of acres have been removed to make room for the animals themselves and soy farms, a crop of which 80% is utilized for animal meal worldwide.

In importing countries, the United States, China, Japan, South Korea, Russia, Chile, European Union, Hong Kong, Egypt, and Malaysia are importing countries. Amongst the importing countries United States, China, and Japan are the top beef importers globally.

Key Players:

The global beef industry is highly competitive and fragmented with players like JBS S.A, Tyson Foods, Pilgrim’s Pride Corporation, Danish Crown Group, Vion Food Group, WH Group, Hormel Foods Corporation, and Muyuan Foods.  

Market Summary: 

  • Producing countries – Our Report covered by producing countries from 11 viewpoints (United States, Brazil, European Union, China, Argentina, India, Australia, Mexico, Russia, Canada and Others)
  • Consuming Countries – Renub Research Report covered global beef market by consuming countries from10 viewpoints (United States, China, Brazil, European Union, India, Argentina, Mexico, Canada, Russia and Japan)
  • Importing Countries This Report have been covered by importing countries from 10 viewpoints        (United States, China, Japan, South Korea, Russia, Chile, European Union, Hong Kong, Egypt, and Malaysia)
  • Exporting Countries – We have covered global beef market breakup by 10 viewpoints by Exporting Countries (Brazil, India, Australia, United States, Argentina, New Zealand, Canada, Uruguay, Mexico and Paraguay)
  • All the major players have been covered from 3 Viewpoints (Overview, Recent Development, and Revenue Analysis) JBS S.A, Tyson Foods, Pilgrim’s Pride Corporation, Danish Crown Group, Vion Food Group, WH Group, Hormel Foods Corporation, and Muyuan Foods.

About the Company: 

Renub Research is a Market Research and Information Analysis company with more than 15 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 9000 syndicated reports and worked on more than 750 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

Media Contact:

Company Name: Renub Research

Contact Person: Rajat Gupta, Marketing Manager

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Address: 225 Kristie Ln, Roswell, GA 30076

Email: info@renub.com

LinkedIn: https://linkedin.com/company/renub-research

Website: www.renub.c

- A word from our sponsors -

spot_img

Most Popular

Leave a reply

Please enter your comment!
Please enter your name here

More from Author

How to Care for Your Essentials Shorts to Keep Them New

Introduction Essentials shorts are popular for their comfort, style, and versatility, making...

Sp5der Hoodie Signature Pieces and Collections

Sp5der Clothing is a unique and bold brand that has captivated...

Business Needs: Buying Used Shipping Containers for Sale

Assess your needs and requirements in business before looking for used...

How to Identify and Avoid Notary Fraud

Notary fraud is a serious issue that can lead to financial...

- A word from our sponsors -

spot_img

Read Now

How to Care for Your Essentials Shorts to Keep Them New

Introduction Essentials shorts are popular for their comfort, style, and versatility, making them a go-to choice for many. But like any wardrobe favorite, they can show wear over time if not properly cared for. How can you keep your Essentials shorts looking as fresh as the day you...

Sp5der Hoodie Signature Pieces and Collections

Sp5der Clothing is a unique and bold brand that has captivated fans of streetwear with its distinctive style, edgy designs, and rebellious flair. Known for its iconic spider motif, vibrant colors, and commitment Sp5der urban culture, Sp5der Clothing is fast becoming a staple in the Sp5der Hoodie...

Business Needs: Buying Used Shipping Containers for Sale

Assess your needs and requirements in business before looking for used shipping containers for sale. These versatile containers be put to many uses; you can have them for storage purposes or to facilitate transportation of goods and commodities to get to their destination faster. Since the options...

How to Identify and Avoid Notary Fraud

Notary fraud is a serious issue that can lead to financial loss, identity theft, and legal complications. Whether you’re a business owner, an individual, or a practicing notary public, understanding how to identify and avoid notary fraud is essential for protecting yourself and others. This guide explains...

Best Spots for Airless Bottles Shopping in Lahore

..The interest for airless bottles has flooded as of late, on account of their capacity to protect item newness, expand time span of usability, and deal eco-accommodating arrangements. In Lahore, where magnificence and skincare lovers are ceaselessly looking for creative bundling choices, airless bottles are rapidly turning...

Best Hellstar Tracksuits

Hellstar Tracksuit, a standout in our streetwear brand. These tracksuits are outlined with your consolation and fashion in intellect. Made from high-quality materials, they guarantee you see in vogue whereas feeling extraordinary. Whether you're relaxing at domestic or heading out for a casual day, the Hellstar Tracksuit...

Custom Software Development Services by InnovationNexo

Introduction In today’s competitive digital landscape, businesses require customized software solutions to thrive. At InnovationNexo, we specialize in sculpting custom software development journeys that not only meet the unique needs of your business but also leave a lasting impact. Our expert team is committed to delivering tailored, innovative...

The Allure of Chrome Hearts Hoodies: A Deep Dive into

Exploring Chrome Hearts Hoodies: A Blend of Luxury, Streetwear, and Artistry Chrome Hearts, the iconic luxury streetwear brand founded in 1988 by Richard Stark, is renowned for its unique blend of high-end fashion and rebellious spirit. With a rich history steeped in motorcycle culture and a deep appreciation...

Step-by-Step: Find out how to Design and Implement a Secure Business Network

In at this time's digital age, securing a enterprise network is crucial for protecting sensitive data, maintaining buyer trust, and ensuring operational continuity. A well-designed network security strategy helps mitigate the risks of cyberattacks, data breaches, and unauthorized access. This article will guide you through the essential...

Что такое сосудистые звёздочки

Избавление от сосудистых звёздочек: какие методы существуют? Чтобы убрать сосудистые звёздочки, можно использовать лазерное удаление, которое является одним из наиболее эффективных и безопасных способов избавления от этой проблемы. Процедура заключается в направлении лазерного луча на капилляры, что приводит к их нагреванию и разрушению. Другой популярный метод — склеротерапия,...

Calculadora de IGV en Perú: Tu Aliada para Calcular Impuesto

En Perú, el IGV (Impuesto General a las Ventas) es un impuesto que se aplica a la mayoría de las ventas de bienes y servicios. Con una tasa del 18%, es fundamental que tanto consumidores como empresarios comprendan cómo funciona este impuesto y cómo calcularlo. Aquí es...

Are You Making These Url Mistakes?

Introduction Macau18, a prominent online gaming platform, has gained significant attention in the rapidly evolving digital gaming marketplace. This report aims to provide a detailed examination of the login system implemented by Macau18. The analysis covers its security features, user interface, ease of access, and the implications for...