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Global Beef Industry Report: Country Overview; Value Chain Analysis; Production Process; Major Risk Factors in Sourcing; Cost Structure; Price Analysis; Market Dynamics: Drivers & Constraints, Industry Events, Innovations & Trends; Industry Best Practices: Sourcing Strategy, Procurement Model, Contract Structure, Negotiation Levers, Pricing Model, Key Factors Influencing the Quotation; Key Supplier Analysis, 2022-2027

Beef Industry Report by Regional Category Spend, Price Analysis, Key Demand and Price Indicators, and Best Buying Practices


The global beef market reached a value of about 71.45 million tons in 2021. The industry is projected to grow at a CAGR of around 0.80% in the forecast period of 2022-2027 to reach a value of about 74.50 million tons by 2027.

The global beef industry report gives a comprehensive analysis of the industry including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The prices of beef in 2021-2022 are expected to be impacted as the prices of beef have increased considerably due to robust domestic and international demand, shortages of labour, various restrictions, disruptions in the supply chain, and high production management and feed costs. The key demand indicator in the industry report is the highest category spender by region—the United States.

Industry Definition and Segmentation

Beef is a culinary name for meat from cattle. Various breeds of cattle are bred in different parts of the world to get the specific quality and quantity of their meat. High-quality beef is obtained from the premature aging of special breeds. Such beef meats are soft, lean, and bright red in colour. It can be used in hamburgers, steaks, roasts, and packed meat used for home cooking. Its market is segmented based on ‘cut’, such as Brisket, Loin, shanks, ribs, round, etc. A major share of beef market revenue in 2020 was mainly due to the higher demand for shank, ribs, round, chuck, plate, and flank of beef. Furthermore, there is a rise in demand for grass-fed brisket due to its low-fat and low calories content than normal beef.  The beef industry report comprises application segments such as the food industry and packed meat. With 70.9 million tonnes of beef meat consumed in 2020, it is the third most extensively consumed meat in the world. The report also includes major beef-producing regions such as Brazil, India, Australia, the United States, and New Zealand.

The United States, Brazil, and European Union Regions are Driving the Growth of the Industry

In 2020, the biggest producer of beef in the world was the United States, followed by Brazil and the European Union. All three regions accounted for approximately 50% of its total production globally. The United States alone produced 12,379 metric tonnes of beef in 2020 which is 20% of the total beef produced in the year worldwide. Brazil, Australia, the United States, India, Argentina, New Zealand, and Canada exported one billion pounds of beef in 2020, with Brazil exporting around 24% of the global demand for it. Additionally, the United States was the greatest consumer of beef worldwide in 2020 along with China, the European Union, Brazil, and India. Its demand will increase at a higher rate as the global population is predicted to go beyond 9 billion by 2050. This indicates that a huge amount of land, water, and energy would be required for cattle grazing and the entire process would create a substantial amount of waste. Hence, it is important to develop its sustainability at a global level. World Wide Fund for nature is working with beef producers and various companies, and their supply chains to help improve the sustainability of its manufacturing. To add further, while leaders in the market are facing challenges related to beef meat storage, the demand for both, cured and non-cured beef products has seen immense growth over the years. Other major drivers are the entry of a variety of cold storage substitutes and an extraordinary rise in the number of domestic butchers that are helping in the growth of the global market.

Best Procurement Practices

The global beef industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major beef farming and consuming regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

The first stage of beef production is with a cow-calf manufacturer, who manages a rearing herd of cows that gives birth to calves annually. Its industries need high on-farm efficacy and productivity to maintain sustainability factors and cost-effective value-chains that would help in gaining the target-market specifications. The vast beef production practices generally consist of pasture-based cow-calf and stocker-backgrounding or grow-out methods, and pasture or feedlot finishing. In the pasture-based systems, cattle are subjected to extreme levels of environmental deviation and there are only a few specific types of genotypes that are well suited to this type of variation. Beef production techniques that utilise beef breeds need to focus on suitable genotypes and superior yield compared to maintenance for the rearing herd and raising and finishing cattle. This process augments the income and reduces costs specifically feed costs which may go up to 60% or more of production expenses.

New-age technologies and digitalisation facilitate swift capture and use of environmental and cattle performance data, even though the systems are massive, which in turn improve productivity, competence, sustainability, and animal wellbeing.

High Protein and Low-Fat Consistency in the Meat, Further Driving the Procurement of Beef

Due to its high protein and low-fat content beef meat is being included in the diet as a healthy substitute. In the present times, more and more people with higher spending capability and improved living standards are helping the beef market to grow at a higher speed. This growing movement of consuming lean protein is projected to provide several opportunities to various meat processing vendors and food companies to put their money into the beef industry.

The regional markets for the industry can be divided into the United States, Brazil, and European Union.

Key Industry Players Mentioned in the Beef Industry Report

  • Cargill
  • Tyson Foods
  • JBS
  • National Beef
  • Marfrig 
  • Seaboard

Market Landscape

Along with developed nations like the United States, beef consumption in several developing regions such as Asia Pacific, Latin America, the Middle East, and Africa has grown over the past few decades. The worldwide supply chain of beef significantly influences the total pricing of beef and its related commodities. Likewise, industrialisation of the food industry in many regions globally has shifted mechanisms in recent years because of which, the production of beef saw sizeable growth across the globe.

Key Initiatives by Companies

  • In August 2021, Cargill company launched a cross-industry partnership to speed-up dairy-beef crossbreeding techniques. Cargill clubbed with partners from various industries, including Nestle, to ascertain the Dairy Beef Accelerator. The three-year program will help to fasten the learning and adoption of crossbreeding methods with the beef producers, emphasising the exceptional opportunities that ‘beef on dairy’ can resolve.
  • In September 2020, Walmart Foundation, Cargill, and McDonald’s invested over USD six million in an initiative headed by the World Wildlife Fund which aims at making long-term improvements to the grasslands of Northern Great Plains. This collaboration would step up the sustainable results and encourage ranchers in the beef supply chain. 

1.    Executive Summary
2.    Global Beef Market Snapshot

    2.1.    Beef Market Outlook
    2.2.    Country Overview
        2.2.1.    US
        2.2.2.    China
        2.2.3.    Brazil
        2.2.4.    India
        2.2.5.    Others
3.    Impact of Recent Events 
4.    Beef Value Chain Analysis 
5.    Beef Production Process
6.    Trade Analysis 
7.    Beef Major Risk Factors in Sourcing
8.    Beef Cost Structure
9.    Beef Price Analysis 
10.    Key Demand Indicator Analysis
11.    Key Price Indicator Analysis
12.    Beef Market Dynamics

    12.1.    Drivers & Constraints
    12.2.    Industry Events 
    12.3.    Innovations & Trends
    12.4.    SWOT Analysis
    12.5.    Porter’s Five Forces
        12.5.1.    Buyer Power
        12.5.2.    Supplier Power
        12.5.3.    Threat of New entrants
        12.5.4.    Threat of Substitutes
        12.5.5.    Industry Rivalry
13.    Industry best practices
    13.1.    Sourcing strategy
    13.2.    Procurement Model
    13.3.    Contract Structure
    13.4.    Negotiation Levers
    13.5.    Pricing Model
    13.6.    Key Factors Influencing the Quotation 
14.    Key Supplier Analysis
    14.1.    JBS S.A
    14.2.    Tyson Foods
    14.3.    Cargill Inc.
    14.4.    NH Foods Ltd.
    14.5.    Sysco Corporation

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Key Questions Answered in the Report

The global beef market size was valued at 71.45 million tons in 2021. The global industry size is expected to grow at a CAGR of more than 0.80% until 2027.

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

The top suppliers of beef include JBS USA, Tyson Foods, National Beef Packing Co., Cargill Meat Solutions Corp., Marfrig, and Seaboard.

Brazil, Australia, the United States, India, Argentina, New Zealand, and Canada exported one billion pounds of beef in 2020, with Brazil exporting around 24% of the global beef.

Analyst Review

The global beef market reached a value of about 71.45 million tons in 2021. Beef is a culinary name for meat from cattle. Several breeds of cattle are bred in different parts of the world to get the specific quality and quantity of their meat. The beef industry report comprises application segments such as the food industry and packed meat. Its demand will increase at a higher rate as the global population is predicted to go beyond 9 billion by 2050. Due to its high protein and low-fat content beef meat is being included in the diet as a healthy substitute. In the present times, more and more people with higher spending capability and improved living standards are helping the beef market to grow at a higher speed. Some of the top suppliers of beef include JBS USA, Tyson Foods, National Beef Packing Co., Cargill Meat Solutions Corp., Marfrig, and Seaboard.

Procurement Resources’ detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise thus, delivering its customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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