Global beef production and consumption is expected to grow at a steady rate during 2016-2020. Increase in demand due to increasing status quo and awareness on beef protein content are driving the global supply.

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US proposes "Product-of- USA" label for all livestock products

March 08, 2023
alert level: Medium

Scotland tightens border controls to curb Bovine Tuberculosis (TB)

April 12, 2023
alert level: Medium

CH4 Global released methane reducing digestive aide feed formulation for beef feedlot

April 12, 2023
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Beef Industry Benchmarks

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The average annual savings achieved in Beef category is 2.70%

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The industry average payment terms in Beef category for the current quarter is 20.0 days

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    Beef market frequently asked questions

    The global beef market size is currently valued at over $385 billion. According to Beroe experts, the global beef industry size is expected to grow at a CAGR of more than 3 percent until 2025. The US beef market size is approximately over $60 billion. The market size is expected to grow in the coming years as the demand for beef rises due to a variety of factors. Although there was an oversupply of beef in the past, this scenario will change in the future. The beef supply and demand will balance out thereby eliminating the oversupply of beef in the global market.

    The beef price cost is divided into three costs; feed cost, operating cost, and others. The feed cost accounts for 72 percent of the total beef cost while the operating cost accounts for 18 percent of the total beef cost. The other costs account for 10 percent of the total cost.

    The prices depend on the seasons. The climate can dictate the prices. When cattle spend their time in feedlots, the weather can have a big impact on them especially their weight. Hence, apart from the biological factors that can affect livestock, the season and weather matter too. Buyers can expect the beef prices to be much higher when the spring and summer arrive as the fast food industry relies on beef. However, during times when fast food isn't that popular, i.e. during the winter, prices can be much lower in comparison.

    The top suppliers of beef include JBS USA, Tyson Foods, National Beef Packing Co., and Cargill Meat Solutions Corp. according to the beef category intelligence report by Beroe.

    According to the beef trends and the Beroe research, the biggest beef exporters include New Zealand, India, the US, Australia, Argentina, and Brazil. Combined, these regions contribute to a total of 75 percent of beef exports globally. As per industry experts, India will continue to export more beef thereby leaving behind Australia and Brazil in the coming few years. The US and China are the biggest beef importers currently and this trend is likely to continue in the forecast period.

    As per the beef market report by Beroe, there are numerous beef market drivers. First, the demand for beef is increasing worldwide because of its high protein content. Secondly, certain regions such as China have witnessed an increase in demand for beef compared to other meat such as pork, etc. This push has helped the growth of the beef market. Thirdly, as beef is cheaper compared to other meats, people are preferring it.

    The US is known like many other regions for its agro commodities and ingredients. However, with the increase in demand for beef cuts and other beef products, the US might need to import more beef than before. From 2013 to 2018, the consumption of beef in the US grew at a CAGR of 0.79 percent. As per the industry experts, beef consumption in the US can increase by 1.3 percent. As for the supply in the US, it is expected to increase too. From 2013 to 2018, the beef supply in the US grew at a CAGR of 0.73 percent. This is expected to go much higher; by at least 2.9 percent compared to before. The favorable weather conditions will help boost supply in the US.

    Beef market report transcript

    Beef Global Market Outlook

    • The global beef market size was estimated at $395.2 billion and is projected to grow at a CAGR of 3.1 percent from 2022 to 2025. Increase in supply is driven by rising demand, due to increasing awareness on beef protein content.

    • The global beef production is driven by major beef producing regions, like the US, Brazil, the EU, China, India, and Australia, accounting for ~72 percent of the total production

    • Global demand is projected to witness an increase of 1.5-2 percent Y-o-Y in 2022, supported by a recovery in consumption from the restaurant and food sectors across Europe and the US. Consumption from Asian markets, like China, is estimated to remain steady in Q3 2022

    Global Beef Supply–Demand Analysis 

    • The global demand is expected to remain high for beef, especially from China, along with production increase from the Australia and Brazil. The beneficial rains to the pastures in Australia and New Zealand have fostered the rearing of cattle and is very likely to boost their exports

    • The US will continue to increase its consumption and production of beef. While India will be the best sourcing destination for beef, followed by Australia and Brazil, due to Pink revolution, where the number of slaughter houses is increasing and subsidies are given by the government to these slaughter houses. Also, a higher population of buffaloes, more than half the world’s population in India, helps in higher supply of beef

    Market Outlook

    • The global production is likely to witness an uptrend of about 2 percent, and India, Australia, Brazil will play a major role in exporting the largest quantity of beef

    • Consumption of beef will continue to increase globally; the US and China are major drivers for beef consumption

    • As the demand for beef has been increasing dramatically, the production is yet to reach the old levels to bridge the forecasted supply gap

    Global Beef Trade Dynamics 

    India, Brazil, Australia, the US, New Zealand, and Argentina are the largest beef exporting countries, accounting for approx. 75 percent of the global exports, while the US is the largest importer of beef. Following the US, China has been increasing imports of beef of 14 percent of global imports.

    • The top beef exporters are Brazil (22.3 percent), US (14.4 percent) and Australia (12 percent), accounting for almost 48 percent of the global exports, followed by the India (10.4 percent) and Argentina (6.3 percent)

    • Increasing demand from the China has pushed Brazil as the highest exporter of beef, but the export ban in Brazil in Q4 2021 is pushing exports from Australia and New Zealand

    • The top beef importing countries are China (31.7 percent), US (14.4 percent), and the Japan, together accounting for approx. 46 percent of the global imports, while RoW accounts for approx. 55 percent

    Beef Supply-demand Analysis - The US

    • Increasing herd expansion will support domestic demand in the next 10 years. The past season witnessed a record demand for beef

    • The domestic demand was seen rising in the recent past, despite pandemic-induced hurdles in labor, shipments, and inflation

    Demand Trends

    • Beef demand is projected to increase by 0.02 percent in 2022, as opposed to a 1.44 percent rise in 2021

    • The domestic market demand is expected to remain firm in 2022, and the imports are estimated to increase from Australia

    Supply Situation

    • As per USDA’s January cattle report, 2023, Inventory of Beef Cows and Replacements in United States is estimated to be down by over 1.3 million from a year ago.

    • The U.S. beef herd is being reduced by drought and low profitability

    Trade barriers/regulations

    • The export demand for beef has been in an increasing trend due to increased awareness of protein content and consumption

    • The ongoing Ukrainian crisis is likely to increase the feed costs and indirectly impact the beef prices


    Crude Protein Levels for Bull Beef 

    • Feed rich in protein are expensive, and adds to cost of production by increasing the feed cost

    • Positive results on net margin is observed on using crude protein in feeds

    Insemination using Aberdeen Angus Bull Breed

    • Insemination of cattle from the Aberdeen Angus breed of bulls to produce calves of higher slaughter weight and higher beef content

    • Daily live weight and carcasses weight are higher in such calves than normal bred calves

    Developing Grazing Systems for Beef Producers

    • In order to gain more weight, the cattle has to graze for a longer period

    • Efficient grazing systems would reduce the production cost and weight of live weight produced per hectare could be increased

    • Farmers reduced greenhouse gas emission by better feeding methods

    • Barley as feed increased the weight than of cattle that was fed oats and wheat

    Carcass Pasteurizer

    • Ability to reduce E.coli on carcass surfaces

    • Ability to extend the shelf-life of beef products

    • Microbiological mechanisms of premature spoilage, packaging systems for extended shelf-life, and the estimation of shelf-life through predictive microbiological methods

    Why Buy This Report

    • The research study offers a holistic assessment of the present and emerging market trends and dynamics in the global beef industry.
    • An in-depth beef market analysis is conducted by calculating industry estimations for the major market segments between 2019 and 2025. 
    • Comprehensive assessment of the global beef market is carried out by following important product positioning and overseeing the key market players.
    • A 360-degree view of all regions along with the beef price trends to figure out the prevailing opportunities.
    • In-depth analysis of the beef market trends to elaborate the imminent investment pockets.
    • The global beef market size during 2019-2025 is analyzed in the report.
    • Key market players within the global beef market are profiled in this report and their strategies are examined extensively, which helps in understanding the competitive scenario.


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