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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 Market Outlook


The global beef industry report broadly analyses vital segments, drivers, restraints, and the competitive landscape.  The report also studies beef market trends and other essential market aspects.

The global beef market reached a value of about 54.5 million metric tons in 2021. The industry is projected to grow at a CAGR of around 3.1% in the forecast period of 2022-2027 to reach a value of about 63.5 million tonnes by 2027.


The beef market price in 2021-2022 are expected to be impacted as beef prices 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. According to the research, the critical beef market demand indicator in the industry report is the highest category spender by region that is the United States.

Industry Definition and Segmentation

In cuisine, beef is the term used to describe cattle meat. Cattle of different breeds are grown in various regions of the world to provide meat of a particular grade and quantity. Premature ageing of some species produces high-quality meat. These beef cuts are tender, lean, and vibrantly coloured. It can be employed in home cooking for hamburgers, steaks, roasts, and packed meat.

The beef market value in 2020 was driven mainly by the increased demand for beef flank, shank, chuck, round, and ribs. Moreover, owing to its less fat and calorie content, grass-fed brisket is in great demand. The beef business research includes application categories for the food industry and packaged meat. In 2020, beef ranked third in the world's meat consumption, with 70.9 million tonnes eaten. Major beef-producing nations include 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 world's biggest beef producer 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 whole meat produced worldwide.

The beef market in 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 its global demand. Additionally, the United States was the most critical beef market worldwide in 2020, along with China, the European Union, Brazil, and India.

As per the beef market forecast the demand will increase at a higher rate as the global population is predicted to surpass 9 billion by 2050. This indicates that a considerable 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 essential to develop its sustainability at a global level. World Vast Fund for nature is working with beef producers, various companies, and their supply chains to help improve the sustainability of its manufacturing. To add further, while leaders in the beef market are facing challenges related to beef meat storage, the demand for cured and non-cured beef products has seen immense growth over the years.

Category Management Studies

The first stage of the beef slaughter method 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 gain 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 production is subjected to extreme levels of environmental deviation. Only a few specific types of genotypes are well suited to this type of variation. Beef production techniques that utilise cattle and 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, enhancing the market outlook.

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

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

Due to its high protein and low-fat content, beef meat is included in the diet as a healthy substitute. Nowadays, more and more people with higher disposable incomes and improved living standards are helping the beef market grow at a higher speed. This growing awareness of the benefits of consuming meat products (lean protein) is projected to provide several opportunities to various meat processing vendors and food companies to put their money into the industry, propelling the beef market demand.

The global beef industry can be divided into the following regional markets - United States, Brazil, and European Union.

Beef Market Key Players

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

Market Landscape

Along with developed nations like the United States, beef cow 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 distribution channels of beef significantly influence the total pricing of red meat and its related commodities. Likewise, the industrialisation of the food industry in many regions globally has shifted mechanisms in recent years; beef production saw sizeable market 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 an increasing number of long-term improvements to the grasslands of Northern Great Plains. This collaboration would promote 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 worldwide market attained a volume of around 54.5 million metric tons in 2021. The global industry size is expected to grow at a CAGR of more than 3.1% until 2027.

The beef price cost is divided into three costs: cattle feeding, 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 expenses account for 10 percent of the total cost.

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

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

There are numerous market drivers, the major ones being the demand for It is increasing worldwide because of its high protein content, the higher spending power of the consumers, and the fast-growing middle-income population. The opening of several cold storage alternatives and an unexpected upsurge in the number of local butchers assisting are a few of the other crucial drivers that are leading to the global beef market growth.

The market is restricted by primary supply chain disruptions affecting beef production.

The concerns among consumers regarding feed sourcing, manure processing, and climate change are negatively impacting the beef industry's worth.

Analyst Review

The global beef market reached a attained a volume of around 54.5 million metric tons in 2021. 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 surpass 63.5 million tonnes by 2027.

Due to its high protein and low-fat content, beef meat is included in the diet as a healthy substitute. Nowadays, more and more people with higher spending capability and improved living standards are helping the beef market grow at a higher speed. Some top beef suppliers include JBS USA, Tyson Foods, National Beef Packing Co., Cargill Meat Solutions Corp., Marfrig, and Seaboard.

Procurement Resources' team of experts uses a combination of cutting-edge analytical tools and their expertise to explore the macro and micro aspects of the industry.

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