Beef Market by Cut, Slaughter, Product, Form, Distribution

List of Tables

The Beef Market was valued at USD 159.34 billion in 2023, expected to reach USD 167.08 billion in 2024, and is projected to grow at a CAGR of 4.98%, to USD 223.94 billion by 2030.

The beef market encompasses a broad spectrum of activities, from cattle breeding to packaging and distribution. It is defined by the production and sale of beef products, including fresh, frozen, and processed variants, to meet the consumer demand across various segments such as retail, food service, hospitality, and institutional. The necessity of beef is underscored by its nutritional profile, offering high-protein content, essential vitamins, and minerals. Its applications range from daily culinary use to specialized roles in gourmet cuisine, while end-use spans from household consumption to incorporation in ready-to-eat meals. Market growth is notably driven by rising disposable incomes, urbanization, and shifting dietary preferences towards protein-rich diets. Key growth opportunities lie in expanding into emerging markets, where demand for quality beef is increasing. Technological innovations in cattle rearing, feed efficiency, and eco-friendly processing methods present further potential. However, significant challenges include environmental concerns with greenhouse gas emissions associated with cattle farming, fluctuating feed prices, and strict regulatory standards regarding animal welfare and product safety. Moreover, the market faces competition from alternative proteins, such as plant-based and lab-grown meats, which are gaining traction as sustainable options. To leverage opportunities, businesses should consider investing in sustainable farming practices and traceability systems to enhance product appeal and compliance. Collaborating with technology firms could lead to innovations in genetic breeding or waste reduction, ultimately improving yield and market position. Moreover, analyzing consumer trends can inform targeted marketing strategies and product development. By embracing digital transformation and data analytics, companies can better forecast market demands and streamline operations. Overall, the beef market is dynamic, influenced by economic, environmental, and societal factors, necessitating adaptive strategies for sustained growth.

KEY MARKET STATISTICS
Base Year [2023]	USD 159.34 billion
Estimated Year [2024]	USD 167.08 billion
Forecast Year [2030]	USD 223.94 billion
CAGR (%)	4.98%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Beef Market

The Beef Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

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

Porter's Five Forces: A Strategic Tool for Navigating the Beef Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Beef Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Beef Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Beef Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Beef Market

A detailed market share analysis in the Beef Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Beef Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Beef Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Beef Market

A strategic analysis of the Beef Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

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:

Based on Cut, market is studied across Brisket, Loin, and Shank.
Based on Slaughter, market is studied across Halal and Kosher.
Based on Product, market is studied across Fresh Cooked, Frozen, Processed, and Raw.
Based on Form, market is studied across Ground and Steak.
Based on Distribution, market is studied across Convenience Stores, Discount Stores, E Tailers, Fine Dine, Food Outlets, Supermarket, and Upscale Restaurants.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-BD6F81433E28

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rapid urbanization and high consumer demand for beef
  - 5.1.1.2. Increase in government investments and programs to strengthen meat industry
  - 5.1.1.3. Growing availability of beef with cold storage and other advanced packaging
- 5.1.2. Restraints
  - 5.1.2.1. Price volatility and fluctuating availability of beef
- 5.1.3. Opportunities
  - 5.1.3.1. Growing emergence of net carbon zero beef
  - 5.1.3.2. Penetration of livestock monitoring and other technologies to enhance production
- 5.1.4. Challenges
  - 5.1.4.1. Health hazards associated with consumption of beef
5.2. Market Segmentation Analysis
- 5.2.1. Product: Innovation in product portfolios to meet demand for affordable prices with convenient options without compromising flavor
- 5.2.2. Distribution: Adoption of different distribution channels to meet various consumer needs and preferences
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Beef Market, by Cut

6.1. Introduction
6.2. Brisket
6.3. Loin
6.4. Shank

7. Beef Market, by Slaughter

7.1. Introduction
7.2. Halal
7.3. Kosher

8. Beef Market, by Product

8.1. Introduction
8.2. Fresh Cooked
8.3. Frozen
8.4. Processed
8.5. Raw

9. Beef Market, by Form

9.1. Introduction
9.2. Ground
9.3. Steak

10. Beef Market, by Distribution

10.1. Introduction
10.2. Convenience Stores
10.3. Discount Stores
10.4. E Tailers
10.5. Fine Dine
10.6. Food Outlets
10.7. Supermarket
10.8. Upscale Restaurants

11. Americas Beef Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Beef Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Beef Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. Minerva expands its beef empire with USD 1.53 billion acquisition from Marfrig
- 14.3.2. Israel's Aleph Farms gears up to sell first cultivated beef cuts in Europe
- 14.3.3. Walmart Announces Equity Investment in Sustainable Beef LLC To Provide More High-Quality, Affordable Beef to Shoppers
14.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Agri Beef Co.
2. American Foods Group, LLC
3. Aufschnitt Meats
4. Australian Agricultural Company Limited
5. Bisra Meats LLC
6. Black Hawk Farms
7. Blackmore Wagyu
8. BRF S.A.
9. Cargill, Incorporated
10. Charoen Pokphand Foods Group
11. Conagra Brands, Inc.
12. Danish Crown A/S
13. Grow and Behold Foods
14. Hamilton Kosher
15. Hormel Foods Corporation
16. JBS USA Food Company Holdings
17. KOL Foods, LLC
18. Marfrig Global Foods S.A.
19. Meat Products of India Ltd.
20. Minerva Foods SA
21. NH Foods Ltd.
22. OSI Group, LLC
23. Smithfield Foods, Inc. by WH Group International Limited
24. St. Helen's Meat Packers Limited
25. Starzen Co., Ltd.
26. Tyson Foods, Inc.
27. Vion N.V.
28. WAGYU MASTER Europe GmbH