Asia-Pacific Beef Market Databank
The Beef market was valued at $332,190.0 Million in 2020, and is projected to reach $489,361.0 Million by 2029 growing at a CAGR of 4.44% from 2021 to 2029. Loin segment is expected to be the highest contributor to this market, with $122,517.8 Million in 2020, and is anticipated to reach $180,712.9 Million by 2029, registering a CAGR of 4.45%. Brisket segment is anticipated to reach $47,467.1 Million by 2029 with the highest CAGR of 4.54%. Loin and Shank segments collectively expected to account for about 55.8% share of the Beef market in 2020, with the former constituting around 36.9% share. Brisket and Shank segments are expected to witness significant growth rates at a CAGR of 4.54% and 4.48% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 28.5% in the overall Beef market in 2020, and is anticipated to reach 28.7% by 2029.
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