Leading Beef Slaughter Markets 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. Halal segment is expected to be the highest contributor to this market, with $96,696.4 Million in 2020, and is anticipated to reach $142,829.1 Million by 2029, registering a CAGR of 4.47%. Kosher segment is anticipated to reach $97,688.3 Million by 2029 with the highest CAGR of 4.49%. Halal and Kosher segments collectively expected to account for about 49.0% share of the Beef market in 2020, with the former constituting around 29.1% share. Kosher and Halal segments are expected to witness significant growth rates at a CAGR of 4.49% and 4.47% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 49.0% in the overall Beef market in 2020, and is anticipated to reach 49.1% by 2029.
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