Beef And Veal Market Size, Share, Growth Analysis, By Type (Beef meat, Veal meat), By Distribution Channel (Supermarkets, Hypermarkets), By Application, By Region - Industry Forecast 2025-2032

Global Beef And Veal Market size was valued at USD 463.2 billion in 2023 and is poised to grow from USD 482.65 billion in 2024 to USD 670.78 billion by 2032, growing at a CAGR of 4.2% during the forecast period (2025-2032).

Global meat production has surged by 59% over the past decade and is poised for further growth, driven by rising populations and meat consumption. Notably, Argentina and the US are the top consumers of beef and veal, with per capita consumption of 36.85 kg and 26.08 kg respectively. In 2021, global beef and veal consumption reached 71.45 million metric tons and is projected to climb to 77 million metric tons by 2030. The US, accounting for 12.40 million metric tons in 2019, remains the largest market, followed by China and Brazil. Import data reveals the US imports more beef than it exports, primarily from Canada, Australia, and Mexico. This upward trend in meat demand, coupled with a growing health-conscious demographic, is expected to sustain the expansion of the beef and veal market.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Beef And Veal market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Beef And Veal Market Segmental Analysis

Global Beef And Veal Market is segmented by Type, Distribution Channel, Application and region. Based on Type, the market is segmented into Beef meat and Veal meat. Based on Distribution Channel, the market is segmented into Supermarkets, Hypermarkets, Convenience stores, Specialty stores and Online retail platforms. Based on Application, the market is segmented into Home and Commercial. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Beef And Veal Market

The Global Beef and Veal market is significantly driven by the rising demand for meat-based protein sources worldwide. As consumers become increasingly aware of the health benefits associated with meat-derived proteins, which are rich in essential amino acids and nutrients, the appeal of beef and veal continues to grow. Additionally, a notable shift in consumer preferences towards low-calorie, high-protein foods further propels the demand for red meat. Furthermore, the expanding utilization of beef in the food and beverage industry, particularly through processed products such as deli meats, sausages, and beef jerky, contributes to the ongoing growth of the market.

Restraints in the Global Beef And Veal Market

The Global Beef and Veal market faces significant restraints primarily due to rising environmental concerns and the increasing popularity of plant-based alternatives. The methane emissions produced by cattle, a potent greenhouse gas, have sparked widespread protests from environmental activists highlighting the ecological consequences of beef production. Additionally, unethical practices within the animal husbandry industry have further fueled public discontent, driving consumers away from beef and veal products. The burgeoning trend of veganism, which eliminates all meat and dairy, along with the growing demand for plant-based meat substitutes, are critical factors contributing to the constraints on market growth.

Market Trends of the Global Beef And Veal Market

The Global Beef and Veal Market is poised for substantial growth, driven by the surging demand for meat-based proteins amid a global shift towards fast food consumption. Quick-service restaurants (QSRs) in the United States are increasingly capitalizing on this trend by offering 100% beef products, such as burgers and hotdogs, which are rapidly gaining popularity. Additionally, the rising interest in organic meat is catalyzing market expansion, with organic beef sales witnessing a remarkable 37% increase over the past year, outpacing the overall growth of the meat industry. This enthusiasm for high-quality meat products is set to propel the beef and veal market further during the forecast period.