Beef Meats Market, By Beef Cut (Brisket, Shank, and Loin), By Beef Slaughter (Kosher and Halal), and By Region (North America, Europe, Asian Pacific, Latin America, and Middle East & Africa) – Market Trends, Analysis and Forecast till 2034

Beef meat market was valued at US$ 547.1 billion in 2024 and is projected to grow at a CAGR of 4.7% to reach US$ 833.6 billion by 2034.

Beef meats are the meat from adult cattle (Bos taurus). It's a popular source of protein worldwide and can be prepared in various ways. There are many different cuts of beef, each with its unique flavor and texture. Some of the most popular cuts in the beef meats market include ribeye, sirloin, brisket, and ground beef.

Ribeye is a tender and flavourful cut from the rib section of the cow, most commonly prepared as a steak due to the rich fat content, which enhances the juiciness of the meat. Sirloin, on the other hand, is a leaner cut from the back of the cow, known for its affordability and versatile preparation methods. Filet mignon, ground beef, and chuck roast are other meat cuts widely available in the beef meat market.

 There are different methods of raising cattle to supply the beef meats market, including ranching, the traditional method of raising cattle on large pastures. In this method, cattle graze on grass and other forage crops.

Feedlots are large confinement facilities where cattle are fed a grain-based diet to promote rapid weight gain. The Free-range method, on the other hand, allows cattle to roam freely on pastures, but they may also be supplemented with grain or feed.

The beef production process is a resource-intensive multistep process, which has recently come under heavy public scrutiny due to the heavy impact it has on the environment as well as the inherently inhumane practices associated with slaughterhouses and the living conditions of animals. This has led to a growing vegan trend, which is currently trying to destabilize the beef meats market but is largely unsuccessful as the beef meats market is a long-established global industry.

The USA is the world's largest beef producer, with a production volume of 12.89 million tonnes of beef produced annually. Brazil and China are next, with China having a production volume of 7.18 million tonnes per year. As of 2023, Brazil was the world's largest beef exporter, with Brazilian meat being supplied to Asian markets, Europe, and North America.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Rising disposable income and global culture:

• Consumers with more money are more likely to buy beef, especially premium cuts and value-added products. This trend is particularly pronounced in developing countries, where the middle class is growing rapidly. With the globalization of cultures, people are willing to try different cuisines and explore more, leading to more people opting for beef in their diets, thereby increasing the beef meat market's reach.

Urbanization and lifestyle changes:                      

• As people move to cities and live busier lives, they tend to eat out more often and consume more convenience foods. This benefits the beef industry, as beef is a popular ingredient in many restaurant dishes and processed foods.

Increasing demand for protein:

• Beef is a good source of high-quality protein essential for building and repairing tissues. As people become more health-conscious, they may seek out protein-rich foods like beef, leading to an increase in demand for the beef meat market. Global Wellness trends are currently focussing on increased protein intake for individuals, leading to beef becoming a popular consumer choice.

Shifting consumer preferences:

• While there is a growing movement towards plant-based diets, many consumers still enjoy beef. However, their preferences are changing. They are increasingly interested in grass-fed beef, organic beef, and other beef products perceived as more natural and healthier. This is causing a product shift within the beef meats market.

Restrains in Beef Meats Market:

• Rise of veganism and vegetarianism: More and more people are opting for plant-based diets due to health, environment, and animal welfare concerns. This leads to declining beef consumption, especially in developing countries where the beef meats market is more developed.
• Increasing beef prices: The price of beef has steadily risen in recent years due to increasing feed costs and consolidation in the meatpacking industry. This makes beef less affordable for many consumers and can stagnate the beef meats market.
• Negative health perceptions: There is a growing perception that beef is unhealthy due to its high saturated fat content. This is leading some consumers to choose cleaner meats or plant-based alternatives.
• Environmental concerns: The beef industry is a significant source of greenhouse gas emissions. Consumers are becoming more aware of this, leading some to avoid beef.
• Animal welfare issues: There is growing public concern about how beef cattle are raised and slaughtered. This leads some consumers to boycott beef from producers that do not meet high animal welfare standards, leading to losses incurred within the beef meats market.

Key Opportunities in Beef Meats Market:

• Growing popularity of convenience foods: Consumers are increasingly busy and looking for convenient meal options. This creates a demand for processed beef products, such as hamburgers and sausages, leading to more demand for beef cuts.
• Premiumization of Foods: Consumers are willing to pay more for high-quality beef products. This is a lucrative opportunity for producers in the beef meat market to focus on raising cattle sustainably and offering grass-fed or organic beef.
• E-commerce Boom: E-commerce growth of e-commerce is creating new opportunities for beef retailers and the beef meats market, including food packagers. Consumers can now order beef online and have it delivered to their doorstep.

Beef Meats Market is segmented based on by Type, by Application and Region.

Type Insight

• Brisket- This segment of the beef meats market is expected to witness the highest growth rate in the forecast period due to the rising popularity of slow-cooked meals, demand for protein-rich food, and growing interest in grass-fed beef.
• Shank- Currently less popular than the other two, the shank segment might see growth during the forecast period due to its affordability and potential for value-added products like broths or pre-cut stews
• Loin- This category of meat cut currently holds the largest shares of the beef meats market at around 39.9% in 2022, driven by consumer preference for protein and health consciousness at an affordable price. Loin cuts like steaks and fillets are popular due to their tenderness and versatility.

Application Insights

• Kosher- This segment of the beef meats market is currently second largest and is expected to witness significant growth in the forecast period due to the growing religious adherence among Jewish populations, particularly in the US, France, and Israel as well as the rising consumer perception of quality and safety associated with kosher certification.
• Halal- This is currently the largest segment of the beef meats market and is expected to grow at the fastest rate in the upcoming years to maintain its dominance, which is driven by the significant and rising global Muslim population, especially in the Asia Pacific region.

Regional Insights:
Beef Meats Market Regional Insights:

The beef Meats Market is segmented by region into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

• North America currently holds the dominant market share of the Beef Meats Market due to its strong consumer base, which has a taste for beef-centric dishes like burgers, steaks, and barbecue. The presence of a well-established and efficient beef production industry also drives the market.
• Asia Pacific region is projected to witness the fastest growth rate in the forecast period due to factors like rising middle-class populations with disposable incomes, increasing urbanization, and busy lifestyles leading to a demand for convenience foods featuring beef will also drive market growth.
• Europe segment is a mature market with a focus on quality and traceability. Growing interest in alternative proteins and sustainability in this region may impact future growth.
• The Latin America region is a rapidly growing segment of the beef meats market, driven by the rising middle class and their demand for high-quality animal protein at affordable prices.
• Middle East & Africa: The Beef Meat Market in this region is expected to witness significant growth in the coming years, driven by several factors, such as the rapidly growing convenience foods industry, which offers high-quality meat at affordable prices .

Report Scope:

Attribute	Details
Market Size 2024	US$ 547.1 billion
Projected Market Size 2034	US$ 833.6 billion
CAGR Growth Rate	4.7 %
Base year for estimation	2023
Forecast period	2024-2034
Market representation	Revenue in USD Billion & CAGR from 2024 to 2034
Market Segmentation	By Type- Brisket, Shank, and Loin By Application- Kosher and Halal
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Beef Meats Market report based on By Type, By Application and Region:

Beef Meats Market, By Type:

• Brisket
• Shank
• Loin

Beef Meats Market, By Application:

• Kosher
• Halal

Beef Meats Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the Beef Meats Market includes Tyson Foods Inc., Danish Crown, Cargill Incorporated, Marfrig Global Foods S.A., NH Foods Ltd., St Helen’s Meat Packers, Hormel Foods Corporation, JBS USA, National Beef Packing Company LLC, and Vion Food Group.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the reports.

• In February 2022, JBS presented at Gulfood, the biggest yearly food and beverage trade expo in the globe. The best-selling Brazilian beef brand under JBS, Friboi, allowed guests to try out the 1953 and Black Friboi ranges. With only 1% of the cattle meeting the selection criterion, Black Friboi is the brand's most premium halal portfolio, sourced from the best genetic Black Angus in the United States.
• In July 2021, Aleph Farms, an Israeli-based start-up that produces cultured meat, raised USD 119.4 million in funding with a Series B investment round that brought in USD 105 million. The company intended to use this funding to extend its product lines and tech platform, scale up production facilities, and build overseas operations in anticipation of a 2022 product launch

• Tyson Foods Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Danish Crown,
• Cargill Incorporated,
• Marfrig Global Foods S.A.
•  NH Foods Ltd.
• St Helen’s Meat Packers,
• Hormel Foods Corporation,
• JBS USA
• National Beef Packing Company LLC
• Vion Food Group

"*" marked represents similar segmentation in other categories in the respective section.

Research Objective and Assumption

• Preface
• Research Objectives
• Study Scope
• Years Considered for the study
• Assumptions
• Abbreviations

Research Methodology

• Research data
• Primary Data
  • Primary Interviews
  • Primary Breakdown
  • Key data from Primary Sources
  • Key Thickness Insights
• Secondary Data
  • Major Secondary Sources
  • Secondary Sources
• Market Estimation
• Top-Down Approach
  • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
• Bottom-Up Approach
  • Approach for estimating market share by Bottom-up Analysis (Demand Side)
• Market Breakdown and Data Triangulation
• Research Assumptions

Market Preview

• Executive Summary
• Key Findings—Global Outlook for medical carts Strategies
  • Key Questions this Study will Answer
  • Market Snippet, By Beef Cut
  • Market Snippet, By Beef Slaughter
  • Market Snippet, By Region
• Opportunity Map Analysis
• Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

• Market Dynamics
  • Drivers
  • Restrains
  • Market Opportunities
  • Market Trends
• DR Impact Analysis
• PEST Analysis
• Porter’s Five Forces Analysis
• Opportunity Orbit
• Market Investment Feasibility Index
• Macroeconomic Factor Analysis

Market Segmentation, By Beef Cut, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Brisket
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Shank
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Loin
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Beef Slaughter, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Kosher
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Halal
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Regional Trends
• North America
  • Market Size and Forecast (US$ Bn), By Beef Cut, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Beef Slaughter, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • U.S.
    • Canada
• Europe
  • Market Size and Forecast (US$ Bn), By Beef Cut, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Beef Slaughter, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • UK
    • France
    • Germany
    • Russia
    • Italy
    • Rest of Europe
• Asia Pacific
  • Market Size and Forecast (US$ Bn), By Beef Cut, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Beef Slaughter, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • India
    • Japan
    • South Korea
    • China
    • Rest of Asia Pacific
• Latin America
  • Market Size and Forecast (US$ Bn), By Beef Cut, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Beef Slaughter, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • Brazil
    • Mexico
    • Rest of Latin America
• Middle East & Africa
  • Market Size and Forecast (US$ Bn), By Beef Cut, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Beef Slaughter, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East

Competitive Landscape

• Heat Map Analysis
• Market Presence and Specificity Analysis

Company Profiles

• Danish Crown,
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Cargill Incorporated,
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Marfrig Global Foods S.A.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
•  NH Foods Ltd.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• St Helen’s Meat Packers,
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Hormel Foods Corporation,
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• JBS USA
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• National Beef Packing Company LLC
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Vion Food Group
  •  Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

The Last Word

• Future Impact
• About Us
• Contact