Beef Market Size, Trends and Insights By Product Type (Loin, Chuck, Round, Brisket, Rib, Others), By Distribution Channel (Supermarket and Hypermarket, Retail Sales, HoReCa, E-Commerce, Butcher Shops), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- JBS S.A.
- Tyson Foods Inc.
- Cargill Inc.
- Marfrig Global Foods S.A.
- National Beef Packing Company LLC
- Others
Reports Description
Global Beef Market was valued at USD 450.5 Billion in 2024 and is expected to reach USD 645.6 Billion by 2033, at a CAGR of 4.5% during the forecast period 2024 – 2033.
Beef is a meat derived from an adult cow. It is a red meat that contains a variety of vital minerals, including protein, zinc, selenium and iron. Beef has a significant amount of soft abdominal fat and is regarded as premium quality since it improves the flavour of the meat. During the first manufacturing process, beef is separated into smaller subsections known as cuts.
Beef Market: Growth Factors
Rising consumers preference for protein intake
The increasing consumer appetite for protein consumption is a major driver of the beef business. As consumers become more aware of the necessity of protein in a well-balanced diet, they seek out high-quality protein sources such as beef.
Beef is not only high in vital minerals such as iron, zinc, and B vitamins, but it also has a full amino acid profile required for muscle development and repair. Furthermore, the popularity of high-protein diets, fitness trends, and the impression of beef as a satisfying and tasty protein source all add to its demand.
In addition, beef’s adaptability in many cultures and recipes makes it a popular choice among customers looking for healthful and enjoyable meals. For instance, the National Cattleman’s Beef Association (NCBA), a contractor for the Beef Checkoff, collects a wide range of consumer information on their attitudes and eating habits regarding beef.
Interestingly, for the third year in a row, beef is listed in the top three, whereas plant-based replacements and insect proteins score far below. Over 60% of consumers constantly see beef positively, with less than 15% viewing it negatively.
Rise in disposable income
The increase in disposable income benefits the cattle industry in numerous ways. People tend to consume more high-quality protein sources, such as beef, due to its flavour and nutritional content. This increases the need for beef products. Customers with greater financial resources are more likely to purchase premium beef cuts and value-added goods, increasing beef producers’ sales and earnings.
Furthermore, increased disposable income is frequently associated with urbanisation and lifestyle changes, such as dining out and convenience food consumption, which fuels the popularity of beef-based meals and packaged beef products.
In summary, the higher trend in disposable income adds to the rise of the beef industry, boosting consumer expenditure on beef products while promoting the growth of the industry.
For instance, India’s customer base is expected to climb to the globe’s third largest by 2027, as the number of middle- to high-income families grows. India’s household expenditure per capita will rise faster than other growing Asian countries such as the Philippines, Indonesia, and Thailand, at 7.8% each year.
The country is now ranked fifth, but Fitch Solutions believes that a 29% rise in real household expenditure will propel India up two positions. The country’s growing urbanization will also assist boost customer spending by making it easier for businesses to reach out to customers and build more physical retail locations to serve them.
Beef Market: Restraints
Health concern over consumption of red meat
Health worries over the intake of red meat, particularly beef, have hampered the beef industry in recent years. Scientific research associating excessive red meat consumption with an increased risk of heart disease, some malignancies, and other health problems has boosted public awareness and encouraged dietary changes.
Issues regarding antibiotics and hormones used in cattle farming have also increased customer unease. As a result, more people are turning to alternate protein sources including chicken, fish, and plant-based proteins, which are seen as healthier.
Moreover, dietary movements that promote lower meat consumption, that include vegetarianism, and a vegan lifestyle, have gained popularity, resulting in lower beef consumption. These health concerns, combined with changing dietary habits, have slowed the expansion of the beef industry.
Beef Market: Opportunities
Growing popularity of e-commerce platforms
The rising popularity of internet channels has greatly increased sales in the frozen beef industry. Online platforms offer consumers easy access to a large range of frozen beef products, allowing them to purchase from the comfort of their own homes and quickly compare pricing.
Furthermore, internet shops frequently provide coupons, sales, and bulk-buying opportunities, which appeal to price-conscious customers looking for good value for money. The convenience of accessing product descriptions, customer feedback, and nutritional data online boosts consumer trust in buying frozen beef products.
Moreover, the worldwide accessibility of internet platforms allows consumers to obtain niche or imported beef items that may not be available in local brick-and-mortar retailers.
Overall, the ease, accessibility, and varied products given by internet platforms have played a crucial role in driving sales and expanding the frozen beef market. For instance, ChopLocal performed a recent poll and discovered some intriguing disparities between farms with and without e-commerce websites.
Farms without e-commerce averaged $75,000 in revenue, while those with e-commerce averaged $105,000. 73% owned an internet store. Customers have learned to anticipate free delivery from online businesses, so Sydney Hadacek, producer support specialist for ChopLocal suggests providing it at specified purchase criteria.
Beef Market: Segmentation Analysis
Global Beef market is segmented by product type, distribution channel and region. Based on product type, the market is classified into loin, chuck, round, brisket, rib and others. Loin dominated the market in 2023 with a market share of 35% and is expected to keep its dominance during the forecast period 2024-2033.
The beef industry is significantly impacted by consumer demand for multiple loin byproducts, which are essential components of the business. Sirloin, tenderloin, and T-bone steaks fetch high rates due to their softness and flavour.
These high-value cuts increase profits for cattle ranchers and processors. Furthermore, loin trimmings and ground beef made from loin cuts are popular among consumers looking for low-cost, delicious solutions.
Moreover, loin by-products such as ribs and backbones are used in a variety of culinary applications, increasing the total flexibility and marketability of beef products. The demand for various loin byproducts varies according to customer tastes, culinary trends, and economic circumstances, making them important drivers of the beef market’s dynamics and profitability.
Based on distribution channels, the market is classified into supermarket and hypermarket retail sales, HoReCa, e-commerce and butcher shops. The supermarket and hypermarket segment dominated the market in 2023 with a market share of 38% and is expected to keep its dominance during the forecast period 2024-2033.
Supermarkets and hypermarkets play an important role in propelling the beef industry due to their wide distribution networks, convenience, and varied product offers. These retail behemoths use their purchasing power to buy beef in bulk from suppliers, affecting market demand and prices.
Beef consumption increases as a result of their widespread reach and accessibility. Furthermore, supermarkets and hypermarkets frequently provide a variety of cuts, grades, and packaging alternatives to meet varying consumer tastes and culinary needs.
They increase beef sales by using smart marketing campaigns and promotions that encourage customers to include it in their diet. Furthermore, these merchants prioritise food safety and traceability, giving consumers trust in the quality and provenance of the beef they buy.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 450.5 Billion |
| Projected Market Size in 2033 | USD 645.6 Billion |
| Market Size in 2023 | USD 446.3 Billion |
| CAGR Growth Rate | 4.5% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product Type, Distribution Channel and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Beef Market: Regional Insight
By region, Beef market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa. North America dominated the global Beef market in 2023 with a market share of 43% and is expected to keep its dominance during the forecast period 2024-2033.
North America has a sizable and affluent customer base that favors beef products. The United States, in particular, is one of the globe’s greatest beef consumers, with a culture that values beef-centric food like steaks, hamburgers, and barbecue.
In addition, North America has a highly established and efficient beef producing business. States such as the United States, Canada, and Mexico have large beef cattle ranching operations, innovative breeding techniques, and sophisticated meat processing plants.
This ensures a steady supply of high-quality beef products to fulfil domestic demand while also exporting to overseas markets. Furthermore, technical developments and innovation in the North American beef sector boost its competitiveness and market domination.
From genetic advances in cattle breeds to precision farming techniques and meat processing technologies, the industry is constantly looking for ways to increase productivity and improve products. Additionally, North America’s worldwide trade links have a considerable impact on the beef industry.
The region is a significant beef exporter, providing nations throughout the world with a wide variety of beef products. Trade agreements, logistical infrastructure, and market access efforts help North American beef get to overseas markets, boosting its reach and impact.
To summarise, North America’s substantial consumer demand, superior beef production capabilities, advancements in technology, and worldwide trade links combine to position it as a powerhouse in the global beef market, driving growth and shaping industry dynamics on a global scale.
Beef Market: Recent Developments
- In January 2022, Tyson Foods, Inc. disclosed plans to establish a food processing facility at Caseyville to satisfy the increasing demand for Tyson Foods’ Hillshire Farm and Jimmy Dean branded products.
- In November 2021, American Foods Group, LLC announced the grand opening of a new cutting-edge beef processing facility in Warren County, Missouri in order to generate more revenue.
- In August 2022, Kroger Co. announced the official launch of a brand-new location in Louisville, Kentucky in partnership with Customer Fulfillment Center (CFC) in Monroe, Ohio to boost Kroger delivery’s ability to cater to more customers in the Greater Louisville area.
List of the prominent players in the Beef Market:
- JBS S.A.
- Tyson Foods Inc.
- Cargill Inc.
- Marfrig Global Foods S.A.
- National Beef Packing Company LLC
- Minerva S.A.
- NH Foods Ltd.
- Nipponham Holdings Inc.
- Smithfield Foods Inc.
- Danish Crown A/S
- BRF S.A.
- Vion Food Group
- Miratorg Agribusiness Holding
- Kerry Group
- Sysco Corporation
- American Foods Group
- R. Simplot Company
- Australian Agricultural Company Limited
- JBS Australia Pty Limited
- Fomento Economico Mexicano SAB de
- Others
These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Beef Market is segmented as follows:
By Product Type
- Loin
- Chuck
- Round
- Brisket
- Rib
- Others
By Distribution Channel
- Supermarket and Hypermarket
- Retail Sales
- HoReCa
- E-Commerce
- Butcher Shops
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Beef Market, (2024 – 2033) (USD Billion)
- 2.2 Global Beef Market: snapshot
- Chapter 3. Global Beef Market – Industry Analysis
- 3.1 Beef Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rising consumer’s preference for protein intake
- 3.2.2 Rise in disposable income
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Product Type
- 3.7.2 Market Attractiveness Analysis By Distribution Channel
- Chapter 4. Global Beef Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Beef Market: Company Market Share, 2024
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Beef Market – Product Type Analysis
- 5.1 Global Beef Market Overview: By Product Type
- 5.1.1 Global Beef Market Share, By Product Type, 2024 and – 2033
- 5.2 Loin
- 5.2.1 Global Beef Market by Loin, 2024 – 2033 (USD Billion)
- 5.3 Chuck
- 5.3.1 Global Beef Market by Chuck, 2024 – 2033 (USD Billion)
- 5.4 Round
- 5.4.1 Global Beef Market by Round, 2024 – 2033 (USD Billion)
- 5.5 Brisket
- 5.5.1 Global Beef Market by Brisket, 2024 – 2033 (USD Billion)
- 5.6 Rib
- 5.6.1 Global Beef Market by Rib, 2024 – 2033 (USD Billion)
- 5.7 Others
- 5.7.1 Global Beef Market by Others, 2024 – 2033 (USD Billion)
- 5.1 Global Beef Market Overview: By Product Type
- Chapter 6. Global Beef Market – Distribution Channel Analysis
- 6.1 Global Beef Market Overview: By Distribution Channel
- 6.1.1 Global Beef Market Share, By Distribution Channel, 2024 and – 2033
- 6.2 Supermarket and Hypermarket
- 6.2.1 Global Beef Market by Supermarket and Hypermarket, 2024 – 2033 (USD Billion)
- 6.3 Retail Sales
- 6.3.1 Global Beef Market by Retail Sales, 2024 – 2033 (USD Billion)
- 6.4 HoReCa
- 6.4.1 Global Beef Market by HoReCa, 2024 – 2033 (USD Billion)
- 6.5 E-Commerce
- 6.5.1 Global Beef Market by E-Commerce, 2024 – 2033 (USD Billion)
- 6.6 Butcher Shops
- 6.6.1 Global Beef Market by Butcher Shops, 2024 – 2033 (USD Billion)
- 6.1 Global Beef Market Overview: By Distribution Channel
- Chapter 7. Beef Market – Regional Analysis
- 7.1 Global Beef Market Regional Overview
- 7.2 Global Beef Market Share, by Region, 2024 & – 2033 (USD Billion)
- 7.3. North America
- 7.3.1 North America Beef Market, 2024 – 2033 (USD Billion)
- 7.3.1.1 North America Beef Market, by Country, 2024 – 2033 (USD Billion)
- 7.3.1 North America Beef Market, 2024 – 2033 (USD Billion)
- 7.4 North America Beef Market, by Product Type, 2024 – 2033
- 7.4.1 North America Beef Market, by Product Type, 2024 – 2033 (USD Billion)
- 7.5 North America Beef Market, by Distribution Channel, 2024 – 2033
- 7.5.1 North America Beef Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 7.6. Europe
- 7.6.1 Europe Beef Market, 2024 – 2033 (USD Billion)
- 7.6.1.1 Europe Beef Market, by Country, 2024 – 2033 (USD Billion)
- 7.6.1 Europe Beef Market, 2024 – 2033 (USD Billion)
- 7.7 Europe Beef Market, by Product Type, 2024 – 2033
- 7.7.1 Europe Beef Market, by Product Type, 2024 – 2033 (USD Billion)
- 7.8 Europe Beef Market, by Distribution Channel, 2024 – 2033
- 7.8.1 Europe Beef Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Beef Market, 2024 – 2033 (USD Billion)
- 7.9.1.1 Asia Pacific Beef Market, by Country, 2024 – 2033 (USD Billion)
- 7.9.1 Asia Pacific Beef Market, 2024 – 2033 (USD Billion)
- 7.10 Asia Pacific Beef Market, by Product Type, 2024 – 2033
- 7.10.1 Asia Pacific Beef Market, by Product Type, 2024 – 2033 (USD Billion)
- 7.11 Asia Pacific Beef Market, by Distribution Channel, 2024 – 2033
- 7.11.1 Asia Pacific Beef Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 7.12. Latin America
- 7.12.1 Latin America Beef Market, 2024 – 2033 (USD Billion)
- 7.12.1.1 Latin America Beef Market, by Country, 2024 – 2033 (USD Billion)
- 7.12.1 Latin America Beef Market, 2024 – 2033 (USD Billion)
- 7.13 Latin America Beef Market, by Product Type, 2024 – 2033
- 7.13.1 Latin America Beef Market, by Product Type, 2024 – 2033 (USD Billion)
- 7.14 Latin America Beef Market, by Distribution Channel, 2024 – 2033
- 7.14.1 Latin America Beef Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Beef Market, 2024 – 2033 (USD Billion)
- 7.15.1.1 The Middle-East and Africa Beef Market, by Country, 2024 – 2033 (USD Billion)
- 7.15.1 The Middle-East and Africa Beef Market, 2024 – 2033 (USD Billion)
- 7.16 The Middle-East and Africa Beef Market, by Product Type, 2024 – 2033
- 7.16.1 The Middle-East and Africa Beef Market, by Product Type, 2024 – 2033 (USD Billion)
- 7.17 The Middle-East and Africa Beef Market, by Distribution Channel, 2024 – 2033
- 7.17.1 The Middle-East and Africa Beef Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 JBS S.A.
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 Tyson Foods Inc.
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Cargill Inc.
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Marfrig Global Foods S.A.
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 National Beef Packing Company LLC
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Minerva S.A.
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 NH Foods Ltd.
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Nipponham Holdings Inc.
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Smithfield Foods Inc.
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 Danish Crown A/S
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 BRF S.A.
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 Vion Food Group
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 Miratorg Agribusiness Holding
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.14 Kerry Group
- 8.14.1 Overview
- 8.14.2 Financials
- 8.14.3 Product Portfolio
- 8.14.4 Business Strategy
- 8.14.5 Recent Developments
- 8.15 Sysco Corporation
- 8.15.1 Overview
- 8.15.2 Financials
- 8.15.3 Product Portfolio
- 8.15.4 Business Strategy
- 8.15.5 Recent Developments
- 8.16 American Foods Group
- 8.16.1 Overview
- 8.16.2 Financials
- 8.16.3 Product Portfolio
- 8.16.4 Business Strategy
- 8.16.5 Recent Developments
- 8.17 J.R. Simplot Company
- 8.17.1 Overview
- 8.17.2 Financials
- 8.17.3 Product Portfolio
- 8.17.4 Business Strategy
- 8.17.5 Recent Developments
- 8.18 Australian Agricultural Company Limited
- 8.18.1 Overview
- 8.18.2 Financials
- 8.18.3 Product Portfolio
- 8.18.4 Business Strategy
- 8.18.5 Recent Developments
- 8.19 JBS Australia Pty Limited
- 8.19.1 Overview
- 8.19.2 Financials
- 8.19.3 Product Portfolio
- 8.19.4 Business Strategy
- 8.19.5 Recent Developments
- 8.20 Fomento Economico Mexicano SAB de
- 8.20.1 Overview
- 8.20.2 Financials
- 8.20.3 Product Portfolio
- 8.20.4 Business Strategy
- 8.20.5 Recent Developments
- 8.21 Others.
- 8.21.1 Overview
- 8.21.2 Financials
- 8.21.3 Product Portfolio
- 8.21.4 Business Strategy
- 8.21.5 Recent Developments
- 8.1 JBS S.A.
List Of Figures
Figures No 1 to 25
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2032
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- JBS S.A.
- Tyson Foods Inc.
- Cargill Inc.
- Marfrig Global Foods S.A.
- National Beef Packing Company LLC
- Minerva S.A.
- NH Foods Ltd.
- Nipponham Holdings Inc.
- Smithfield Foods Inc.
- Danish Crown A/S
- BRF S.A.
- Vion Food Group
- Miratorg Agribusiness Holding
- Kerry Group
- Sysco Corporation
- American Foods Group
- R. Simplot Company
- Australian Agricultural Company Limited
- JBS Australia Pty Limited
- Fomento Economico Mexicano SAB de
- Others
FAQs
The restraints of the Beef market is health concern over consumption of red meat.
The major driver for the Beef market is rising consumers preference for protein intake and rise in disposable income.
The “Loin” category dominated the market in 2023.
The key players in the market are JBS S.A., Tyson Foods Inc., Cargill Inc., Marfrig Global Foods S.A., National Beef Packing Company LLC, Minerva S.A., NH Foods Ltd., Nipponham Holdings Inc., Smithfield Foods Inc., Danish Crown A/S, BRF S.A., Vion Food Group, Miratorg Agribusiness Holding, Kerry Group, Sysco Corporation, American Foods Group, J.R. Simplot Company, Australian Agricultural Company Limited, JBS Australia Pty Limited, Fomento Economico Mexicano SAB de, Others.
“North America” had the largest share in the Beef Market.
The global market is projected to grow at a CAGR of 4.5% during the forecast period, 2024-2033.
The Beef Market size was valued at USD 450.5 Billion in 2024.