Market Size:

In 2023, the global beef market was valued at USD 436.60 billion. It is expected to grow from USD 459.87 billion in 2024 to USD 656.44 billion by 2032, with a compound annual growth rate (CAGR) of 5.52% during the forecast period. The U.S. beef market is anticipated to expand significantly, reaching an estimated value of USD 157.36 billion by 2032. North America led the market in 2023, holding a 39.08% share.

Fortune Business Insights™ reports that the growing consumer preference for animal-based protein products is expected to drive market growth from 2024 to 2032.

List of Key Market Players:

• JBS SA (Brazil)
• National Beef Packing Company, LLC (U.S.)
• American Foods Group, LLC. (U.S.)
• Agri Beef Co. (U.S.)
• Perdue Farms Inc. (U.S.)
• Tyson Foods, Inc. (U.S.)
• Strauss Brands LLC (U.S.)
• Cargill, Incorporated(U.S.)
• Central Valley Meat (U.S.)
• Danish Crown A/S (Denmark)

Segmentation-

The beef market is divided into different categories based on the type of cut, including ground beef, roasts, steaks, and others. It is also segmented by distribution channels into retail sales, HoReCa (hotels, restaurants, and cafes), and butcher shops. Geographically, the market is split into regions: Asia Pacific, North America, Europe, and the Middle East & Africa.

Report Coverage-

The report offers a detailed look at the beef market, focusing on major companies, different beef cuts, and distribution channels. It also provides market insights and highlights important industry developments. Additionally, the report covers other factors that have contributed to the market's growth in recent years.

Source: https://www.fortunebusinessinsights.com/beef-market-106640

Drivers & Restraints-