Global Beef Market to Reach $469.3 Billion by 2030
The global market for Beef estimated at US$357.6 Billion in the year 2023, is expected to reach US$469.3 Billion by 2030, growing at a CAGR of 4% over the analysis period 2023-2030. Shank Beef, one of the segments analyzed in the report, is expected to record a 4.3% CAGR and reach US$147.8 Billion by the end of the analysis period. Growth in the Beef Brisket segment is estimated at 3.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $95.1 Billion, While China is Forecast to Grow at 5.9% CAGR
The Beef market in the U.S. is estimated at US$95.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$96.5 Billion by the year 2030 trailing a CAGR of 5.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 3.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$62.2 Billion by the year 2030.
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