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).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.
Global Veal Market Recent Developments & Report Snapshot
Recent Developments:
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In April 2020eats launched a new line of veal cuts marketed as premium, hormone-free, and raised on sustainable farms .
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In October 2024, Argos Foods introduced a new high-qualityct line aimed at the growing demand for premium cuts in Asia .
Parameters | Description |
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Market | Global Veal Market |
Study Period | 2021 - 2031 |
Base Year (for Veal Market Size Estimates) | 2024 |
Drivers |
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Restraints |
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Opportunities |
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Segment Analysis
In this report, the Global Veal Market has been segmented by Type, Grade, Distribution Channel, and Geography. The segmentation by Type includes categories such as milk-fed veal, grain-fed veal, and others, highlighting the various methods of veal production. By Grade, the market is divided into premium and standard, reflecting the quality and price range available to consumers. Distribution Channels encompass supermarkets/hypermarkets, specialty stores, online retail, and other channels, illustrating the diverse avenues through which veal reaches the market.
Geographical segmentation covers North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. This segmentation provides insights into the regional dynamics and consumption patterns of veal across different parts of the world. By analyzing these segments, the report aims to provide a comprehensive understanding of the global veal market, identifying key trends, opportunities, and challenges that influence its growth and development.
Global Veal Segment Analysis
In this report, the Global Veal Market has been segmented by Type, Grade, Distribution Channel and Geography.
Global Veal Market, Segmentation by Type
The Global Veal Market has been segmented by Type into Fresh Veal and Processed Veal.
Fresh Veal refers to the raw, unprocessed meat obtained from young calves, typically characterized by its tender texture and delicate flavor. This category caters to consumers and culinary professionals who prefer cooking with high-quality, minimally processed meat. On the other hand, Processed Veal includes a variety of products such as veal sausages, patties, and ready-to-eat meals, offering convenience and longer shelf life to meet the demands of busy lifestyles and modern food consumption trends.
This segmentation allows for a detailed analysis of market dynamics, identifying consumer preferences and trends within each category. The differentiation between Fresh and Processed Veal helps in understanding the supply chain, distribution strategies, and the competitive landscape of the veal market. It also aids producers and retailers in tailoring their offerings to better meet the needs of diverse customer segments, thereby driving growth and innovation in the global veal industry.
Global Veal Market, Segmentation by Grade
The Global Veal Market has been segmented by Grade into Prime, Choice, Good, Standard and Utility.
Choice grade veal is also of high quality but slightly less marbled than Prime, making it a popular choice for consumers seeking a balance between quality and cost. Good, Standard, and Utility grades represent progressively lower quality levels, typically used for different culinary applications where tenderness and flavor are less critical.
This segmentation by Grade provides a comprehensive understanding of the market, enabling producers and retailers to target specific consumer preferences and price points effectively. By analyzing the demand and distribution of each grade, stakeholders can identify trends and opportunities within the market, ensuring that they meet the diverse needs of consumers while optimizing their product offerings. This detailed segmentation is crucial for maintaining competitiveness and fostering growth in the global veal industry.
Global Veal Market, Segmentation by Distribution Channel
The Global Veal Market has been segmented by Distribution Channel into Online and Offline.
The Online segment encompasses e-commerce platforms and dedicated online meat retailers, which have gained popularity due to the convenience of home delivery, a wider selection of products, and the ability to compare prices easily. This channel has seen significant growth, particularly in recent years, as consumers increasingly turn to digital shopping for their meat needs.
The Offline segment includes traditional brick-and-mortar establishments such as supermarkets, hypermarkets, specialty meat stores, and butcher shops. These venues offer the advantage of immediate purchase and the opportunity for consumers to inspect the quality of the veal firsthand. This segmentation highlights the evolving consumer preferences and the increasing importance of both digital and physical retail spaces in meeting the diverse demands of veal customers. By understanding these channels, stakeholders can better strategize their market approaches and optimize their reach and sales.
Global Veal Market, Segmentation by Geography
In this report, the Global Veal Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Veal Market Share (%), by Geographical Region, 2024
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America, with its high consumption rates and well-established meat industry, remains a significant market for veal, driven by both traditional preferences and a growing interest in diverse culinary experiences. Europe, known for its rich culinary heritage and stringent quality standards, represents a mature market with strong demand for premium and organic veal products.
The Asia Pacific region is experiencing rapid growth in the veal market due to increasing disposable incomes, urbanization, and a rising appetite for Western-style diets. The Middle East and Africa region shows potential for market expansion, fueled by a growing population and an increasing interest in high-quality protein sources. Latin America, with its robust agricultural sector, is also a key player, offering both a consumer base and production capabilities. This geographical segmentation provides a comprehensive overview of regional market dynamics, enabling stakeholders to tailor their strategies to local preferences and opportunities.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Veal Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers :
- Increased Demand for Meat
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Investment in Research & Development - Investment in Research & Development (R&D) is a critical driver for the Global Veal Market, fostering innovation and enhancing product quality. R&D initiatives focus on improving breeding techniques, animal welfare, and sustainable farming practices to produce high-quality veal that meets consumer demands for taste, tenderness, and nutritional value. By investing in advanced technologies and methodologies, producers can optimize feed efficiency, health management, and environmental impact, leading to more efficient and sustainable veal production processes.
R&D investments are pivotal in developing new veal products and processing methods to cater to evolving consumer preferences. This includes creating value-added products such as ready-to-cook meals, marinated cuts, and other convenience-focused offerings that appeal to modern consumers seeking quick and easy meal solutions. Continuous R&D efforts also support compliance with stringent food safety and quality standards, ensuring that veal products meet regulatory requirements and gain consumer trust. Overall, robust investment in R&D not only drives market growth but also positions companies competitively in the global veal industry.
Restraints :
- Shifting Consumer Preferences
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Supply Chain Disruptions -The Global Veal Market has faced significant supply chain disruptions, particularly in recent years. These disruptions have been driven by various factors, including the COVID-19 pandemic, which caused widespread logistical challenges, labor shortages, and processing plant shutdowns. The pandemic highlighted the vulnerabilities in the supply chain, from farm to table, affecting the availability and price stability of veal products. Additionally, trade restrictions and fluctuations in international demand have further complicated the supply chain, making it difficult for producers to maintain consistent supply levels.
Climate change and environmental concerns have also impacted the veal supply chain. Extreme weather events, such as droughts and floods, have affected feed availability and quality, influencing the health and growth of calves. Furthermore, increasing regulatory scrutiny regarding animal welfare and sustainable farming practices has necessitated changes in production methods, potentially leading to higher costs and further disruptions. These challenges underscore the need for the veal industry to develop more resilient and adaptable supply chains to ensure long-term stability and growth.
Opportunities :
- Focus on Sustainability
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Product Development - Product development in the Global Veal Market focuses on innovation and diversification to meet evolving consumer preferences and dietary trends. Manufacturers are increasingly emphasizing the production of high-quality veal cuts, catering to health-conscious consumers who seek leaner meat options with rich nutritional profiles. Innovations include developing organic and grass-fed veal products, which appeal to environmentally conscious buyers and those looking for ethically sourced meat. Additionally, the introduction of convenient, ready-to-cook veal products, such as marinated veal steaks, veal burgers, and veal meal kits, aims to attract busy consumers seeking quick and easy meal solutions without compromising on quality.
Advancements in packaging technology are playing a crucial role in product development within the veal market. Improved vacuum sealing and modified atmosphere packaging techniques enhance the shelf life and freshness of veal products, reducing waste and ensuring that consumers receive high-quality meat. These packaging innovations also facilitate the growth of the online distribution channel by ensuring that veal products can be safely and efficiently transported. By focusing on these aspects of product development, the veal market is better positioned to cater to a wide range of consumer demands and drive market growth.
Competitive Landscape Analysis
Key players in Global Veal Market include
- JSB USA Holdings Inc
- Claus German Sausage & Meat
- Strauss Brands Inc
- Cargill Meat Solutions Corp
- Wilson International Frozen Foods Ltd
- Foods In
- SYSCO Cor
- Smithfield Foods Inc
- American Foods Group LL
- Hormel Foods Corp
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Grade
- Market Snapshot, By Distribution Channel
- Market Snapshot, By Region
- Global Veal Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increased Demand for Meat
- Investment in Research & Development
- Restraints
- Shifting Consumer Preferences
- Supply Chain Disruptions
- Opportunities
- Focus on Sustainability
- Product Development
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
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Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Veal Market, By Type, 2021 - 2031 (USD Million)
- Fresh Veal
- Processed Veal
- Global Veal Market, By Grade, 2021 - 2031 (USD Million)
- Prime
- Choice
- Good
- Standard
- Utility
- Global Veal Market, By Distribution Channel, 2021 - 2031 (USD Million)
- Online
- Offline
- Global Veal Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Veal Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- JSB USA Holdings Inc
- Claus German Sausage & Meat
- Strauss Brands Inc
- Cargill Meat Solutions Corp
- Wilson International Frozen Foods Ltd
- Foods In
- SYSCO Cor
- Smithfield Foods Inc
- American Foods Group LL
- Hormel Foods Corp
- Company Profiles
- Analyst Views
- Future Outlook of the Market