Market Overview

According to fortune business insights, the global beef market size was valued at USD 484.75 billion in 2025. The market is projected to grow from USD 511.41 billion in 2026 to USD 814.64 billion by 2034, exhibiting a CAGR of 5.99% during the forecast period. North America dominated the beef market with a market share of 39.02% in 2025. This growth is driven by increasing consumer demand for products like steaks and ground cuts, particularly among younger demographics, and a broader dietary shift towards animal-based proteins.

Major Players Profiled in the Market Report:

• 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)

Segments

Ground Cut to Dominate Market Due to Affordability

By cut type, the market is segmented into ground, steaks, roasts, and others. The ground cut segment is projected to hold the largest market share (50.61%) as it is more economical and affordable for a wider range of consumers compared to other cuts.

Retail Channels to Lead Market Owing to Wider Availability

Based on distribution channel, the market is segmented into retail stores (supermarkets, hypermarkets, etc.), online stores, and others. The retail segment is expected to hold the largest market share (56.07%) due to the wide assortment of products available and the convenience offered to consumers.

Drivers & Restraints

Increase in Disposable Income to Propel Market Growth