Beef Market

By Cut Type;

Ground, Roasts, Steaks and Others

By Distribution Channel;

Retail Sales, HoReCa and Butcher Shops

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn080947679 Published Date: September, 2025 Updated Date: October, 2025

Beef Market Overview

Beef Market (USD Million)

Beef Market was valued at USD 201,390.75 million in the year 2024. The size of this market is expected to increase to USD 252,779.45 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.3%.


Beef Market

*Market size in USD million

CAGR 3.3 %


Study Period2025 - 2031
Base Year2024
CAGR (%)3.3 %
Market Size (2024)USD 201,390.75 Million
Market Size (2031)USD 252,779.45 Million
Market ConcentrationHigh
Report Pages307
201,390.75
2024
252,779.45
2031

Major Players

  • American Foods Group, LLC.
  • Agri Beef Co.
  • Perdue Farms Inc.
  • Tyson Foods, Inc.
  • Strauss Brands LLC
  • Cargill, Incorporated
  • Central Valley Meat

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Beef Market

Fragmented - Highly competitive market without dominant players


The Beef Market is witnessing robust expansion, driven by increasing demand for protein-enriched diets and shifting consumer lifestyles. With nearly 45% of consumers selecting beef for its nutritional benefits, it remains a dominant player in the protein industry.

Rising Consumer Demand
Growing preferences for premium beef products and convenient processed formats are fueling industry growth. Roughly 40% of households favor beef-based options due to their versatility and nutrient value, underscoring its appeal across varied consumer segments.

Technological Integration
Enhanced processing technologies and advanced packaging solutions are improving beef safety, quality, and shelf life. An estimated 35% of producers now use technology-driven systems, ensuring greater efficiency across production and distribution chains.

Health and Nutritional Factors
With its rich content of iron, amino acids, and vitamins, beef is a preferred protein source for health-focused consumers. Approximately 50% of fitness enthusiasts include beef in their diet, highlighting its significance in strength building and energy support.

Future Growth Outlook
The market’s growth trajectory is reinforced by continuous innovation and sustainable practices. Close to 55% of beef producers are projected to expand investments in eco-friendly and value-added offerings, securing long-term industry opportunities.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Cut Type
    2. Market Snapshot, By Distribution Channel
    3. Market Snapshot, By Region
  4. Beef Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Consumer Demand and Preferences

        2. Economic Growth and Rising Disposable Incomes

        3. Urbanization and Changing Dietary Patterns

      2. Restraints
        1. Regulatory Challenges and Trade Barriers

        2. Health and Nutritional Concerns

        3. Volatility in Feed Costs

      3. Opportunities
        1. Expansion of Export Markets

        2. Innovation in Sustainable Production Practices

        3. Rising Demand for Premium and Organic Beef

      4. PEST Analysis
        1. Political Analysis
        2. Economic Analysis
        3. Social Analysis
        4. Technological Analysis
      5. Porter's Analysis
        1. Bargaining Power of Suppliers
        2. Bargaining Power of Buyers
        3. Threat of Substitutes
        4. Threat of New Entrants
        5. Competitive Rivalry
  5. Market Segmentation
    1. Beef Market, By Cut Type, 2021 - 2031 (USD Million)
      1. Ground
      2. Roasts
      3. Steaks
      4. Others
    2. Beef Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Retail Sales
      2. HoReCa
      3. Butcher Shops
    3. Beef Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. American Foods Group, LLC.
      2. Agri Beef Co.
      3. Perdue Farms Inc.
      4. Tyson Foods, Inc.
      5. Strauss Brands LLC
      6. Cargill, Incorporated
      7. Central Valley Meat
  7. Analyst Views
  8. Future Outlook of the Market