Beef Market by Cut (Brisket, Loin, Shank), Slaughter (Halal, Kosher), Product, Form, Distribution - Global Forecast 2024-2030

Beef Market by Cut (Brisket, Loin, Shank), Slaughter (Halal, Kosher), Product, Form, Distribution - Global Forecast 2024-2030

The Beef Market size was estimated at USD 159.34 billion in 2023 and expected to reach USD 167.08 billion in 2024, at a CAGR 4.98% to reach USD 223.94 billion by 2030.

The beef market encompasses producing, processing, distributing, and selling cattle meat products for both consumer and industrial applications. It covers various stages, including breeding, raising, slaughtering, packaging, and marketing of beef products. Increased demand for protein-rich food sources with changing consumer preferences towards high-quality meat products with better taste and nutritional value is driving the growth of the beef market. Rising technological advancements that improve livestock management practices and increasing acceptance of Halal-certified beef products create a platform for the beef market. Increasing price volatility and fluctuating availability of beef are hampering market growth. Rising development of innovative packaging solutions that prolong the shelf life of beef while minimizing environmental impact is expected to create opportunities for market growth.

Regional Insights

The beef market in the Americas is mature, with efficient production systems, a strong consumer base, and strategic trade relationships. In countries including the United States and Canada, beef consumption remains high, with consumers valuing quality over quantity. Approximately 25% of the world's beef production comes from the U.S., making it a dominant player in the global market. Canada has witnessed a surge in beef exports due to increasing product demand. In Europe, strict regulations on animal welfare and meat quality standards ensure food safety within the European Union. Growing concerns about environmental sustainability have led European customers to prefer organic or locally sourced products. Several EU-funded programs have been initiated to promote research on sustainable livestock farming practices. The Middle East region offers lucrative opportunities for beef exporters due to rapid urbanization and a burgeoning middle-class population seeking high-quality meat. Africa's growing population and rising income levels provide unique possibilities for beef exporters; however, logistical hurdles such as inadequate transportation infrastructure may impede market expansion. The beef market in the Asia-Pacific region is rapidly growing, presenting growth opportunities for beef manufacturers due to increasing middle-class populations, disposable incomes, and urbanization. Demand for high-quality meats is rising in India and China, providing opportunities for local producers and international exporters.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Beef Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Rapid urbanization and high consumer demand for beef
• Increase in government investments and programs to strengthen meat industry
• Growing availability of beef with cold storage and other advanced packaging

Market Restraints

• Price volatility and fluctuating availability of beef

Market Opportunities

• Growing emergence of net carbon zero beef
• Penetration of livestock monitoring and other technologies to enhance production

Market Challenges

• Health hazards associated with consumption of beef

Market Segmentation Analysis

• Product: Innovation in product portfolios to meet demand for affordable prices with convenient options without compromising flavor
• Distribution: Adoption of different distribution channels to meet various consumer needs and preferences

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Beef Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Beef Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Minerva expands its beef empire with USD 1.53 billion acquisition from Marfrig

Minerva Foods, a beef industry company, has acquired cattle slaughtering and deboning plants from Brazilian competitor Marfrig in a deal valued at USD 1.53 billion. This acquisition strengthens Minerva's position in the South American meat-processing market, as it includes key assets in Argentina, Brazil, Chile, and Uruguay.

Israel’s Aleph Farms gears up to sell first cultivated beef cuts in Europe

Israel-based Aleph Farms Ltd., a startup in the cultivated meat industry, has initiated the first-ever regulatory approval process for its Black Angus-style thin cuts in Europe. The company aims to sell its innovative meat products in Switzerland, a country with deep-rooted food traditions and a strong affinity for innovation. The startup plans to launch a cultivated thin-cut steak in limited quantities in Singapore and Israel later this year, subject to regulatory approvals.

Walmart Announces Equity Investment in Sustainable Beef LLC To Provide More High-Quality, Affordable Beef to Shoppers

Walmart has invested in Sustainable Beef LLC, a Nebraska-based rancher-owned company, acquiring a minority stake to enhance its supply of high-quality Angus beef. The investment aims to boost the current beef industry, and offer ranchers increased business opportunities, complementing Walmart's commitment to improving grazing management and ensuring the long-term growth of cattle ranchers and family farmers. The investment enables Sustainable Beef LLC to construct its new beef processing facility in North Platte, Nebraska.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Beef Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Beef Market, highlighting leading vendors and their innovative profiles. These include Agri Beef Co., American Foods Group, LLC, Aufschnitt Meats, Australian Agricultural Company Limited, Bisra Meats LLC, Black Hawk Farms, Blackmore Wagyu, BRF S.A., Cargill, Incorporated, Charoen Pokphand Foods Group, Conagra Brands, Inc., Danish Crown A/S, Grow and Behold Foods, Hamilton Kosher, Hormel Foods Corporation, JBS USA Food Company Holdings, KOL Foods, LLC, Marfrig Global Foods S.A., Meat Products of India Ltd., Minerva Foods SA, NH Foods Ltd., OSI Group, LLC, Smithfield Foods, Inc. by WH Group International Limited, St. Helen's Meat Packers Limited, Starzen Co., Ltd., Tyson Foods, Inc., Vion N.V., and WAGYU MASTER Europe GmbH.

Market Segmentation & Coverage

This research report categorizes the Beef Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Cut
• Brisket
• Loin
• Shank
• Slaughter
• Halal
• Kosher
• Product
• Fresh Cooked
• Frozen
• Processed
• Raw
• Form
• Ground
• Steak
• Distribution
• Convenience Stores
• Discount Stores
• E Tailers
• Fine Dine
• Food Outlets
• Supermarket
• Upscale Restaurants

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year