Global Veal Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Fresh Veal and Processed Veal.

By Grade;

Prime, Choice, Good, Standard, and Utility.

By Distribution Channel;

Online and Offline.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn668887363 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Veal Market (USD Million), 2021 - 2031

In the year 2024, the Global Veal Market was valued at USD 20692.22 million. The size of this market is expected to increase to USD 25448.82 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.0%.

Global meat production has surged by 59% over the past decade and is anticipated to continue growing due to rising population and meat consumption. Argentina and the US are the top consumers of beef and veal globally, with annual consumption rates of 36.85 kg/capita and 26.08 kg/capita, respectively. In 2021, global beef and veal consumption reached 71.45 million metric tons and is projected to grow to 77 million metric tons by 2030. The US held the largest share of consumption with 12.40 million metric tons in 2019, followed by China with 8.60 million metric tons and Brazil with 7.42 million metric tons.

According to USDA data on agricultural imports in 2022, the US imports more beef and veal than it exports, with Canada being the largest supplier, accounting for 27% of total imports. Australia and Mexico follow, contributing 24% and 22.1% of the total volumes, respectively. The increasing demand for meat is driving the global beef and veal market growth during the analysis period. Additionally, the rising number of fitness enthusiasts is expected to further boost the demand for meat products on a larger scale.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Grade
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Region
  4. Global Veal Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increased Demand for Meat
        2. Investment in Research & Development
      2. Restraints
        1. Shifting Consumer Preferences
        2. Supply Chain Disruptions
      3. Opportunities
        1. Focus on Sustainability
        2. Product Development
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. 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. Global Veal Market, By Type, 2021 - 2031 (USD Million)
      1. Fresh Veal
      2. Processed Veal
    2. Global Veal Market, By Grade, 2021 - 2031 (USD Million)
      1. Prime
      2. Choice
      3. Good
      4. Standard
      5. Utility
    3. Global Veal Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Online
      2. Offline
    4. Global Veal 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. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. JSB USA Holdings Inc
      2. Claus German Sausage & Meat
      3. Strauss Brands Inc
      4. Cargill Meat Solutions Corp
      5. Wilson International Frozen Foods Ltd
      6. Foods In
      7. SYSCO Cor
      8. Smithfield Foods Inc
      9. American Foods Group LL
      10. Hormel Foods Corp
  7. Analyst Views
  8. Future Outlook of the Market