Report Update: Dec 1, 2023

World - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights

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Beef Price Per Pound

Name: Beef Price Per Pound
Creator: IndexBox Inc.
Published: 2023-12-01T00:00:00+00:00
License: https://creativecommons.org/licenses/by/4.0/
Keywords: beef price per pound, IndexBox, market research, global market, publisher

Beef is one of the most popular and widely consumed meats in the world, and the price fluctuates based on various factors such as supply, demand, and economy. In general, the price per pound of beef depends on the cut of meat, quality, and location.

Cuts of Beef

The price of beef can vary depending on the cut of meat. Here are some of the most common cuts of beef:

Ground beef: $3-$6 per pound
Chuck: $4-$7 per pound
Sirloin: $6-$10 per pound
Ribeye: $9-$20 per pound
Tenderloin: $20-$30 per pound

Quality of Beef

The quality of beef also affects the price. The United States Department of Agriculture (USDA) grades beef based on marbling, color, and texture. The higher the grade, the more expensive the beef will be.

Prime: The highest grade of beef. It is the most expensive and has the most marbling.
Choice: The second-highest grade of beef. It has less marbling than prime but is still high-quality.
Select: The third-highest grade of beef. It has less marbling than choice and is leaner.
Standard: The fourth-highest grade of beef. It is less expensive but has less marbling and tends to be tougher.

Location

The price of beef can also vary based on where you live. The cost of living and the availability of beef can affect the price. For example, beef may be more expensive in urban areas than in rural areas.

Trends in Beef Prices

The price of beef fluctuates over time due to various factors such as weather, supply, and demand. In recent years, beef prices have been on the rise.

In 2014, the average price per pound of beef was $5.34. In 2015, the price increased to $5.87, and in 2016, it increased again to $6.09. In 2017, prices started to decline, with an average price per pound of $5.79. In 2018, prices increased slightly to $5.87 per pound.

The COVID-19 pandemic has also affected the beef industry. In April 2020, the price of beef reached an all-time high due to supply chain disruptions caused by the pandemic. The price has since started to stabilize, but it remains above pre-pandemic levels.

Conclusion

The price per pound of beef can vary based on the cut, quality, and location. In recent years, beef prices have fluctuated due to various factors such as supply, demand, and the COVID-19 pandemic.

This report provides an in-depth analysis of the global beef market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

• FCL 947 - Buffalo meat

• FCL 867 - Meat of cattle

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

• Global market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Global production, split by region and country

• Global trade (exports and imports)

• Export and import prices

• Market trends, drivers and restraints

• Key market players and their profiles

Company coverage:

Tyson Foods, Cargill, Jbs Sa, Marfrig Global Foods Sa, Seaboard, Smithfield, Wh Group, Macelleria Salumificio Di Bruno Piccolo, Lemex Ph, Prime Food Llc, Agaras, Frigorifico Andino S.A, Grand Food B.V., Maria Trading Srl, Rastelli Europe, Jsc Brest Meat Packing Plant, Gtek Foods Ltd, Seara Frozen Foods, Samcom AS SRL Romania, Skare Beef Production Aps, Iniciativas Comerciales Dadyma Sl, Almameat, Carpathian Beef, Zemljoradnicka Zadruga Trlic

Reasons to buy this report:

• Take advantage of the latest data

• Find deeper insights into current market developments

• Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
3. PRODUCING ANIMALS AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2022
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2022
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles

This Chapter is Available Only for the Professional Edition PRO
1. United States
2. China
3. Japan
4. Germany
5. United Kingdom
6. France
7. Brazil
8. Italy
9. Russian Federation
10. India
11. Canada
12. Australia
13. Republic of Korea
14. Spain
15. Mexico
16. Indonesia
17. Netherlands
18. Turkey
19. Saudi Arabia
20. Switzerland
21. Sweden
22. Nigeria
23. Poland
24. Belgium
25. Argentina
26. Norway
27. Austria
28. Thailand
29. United Arab Emirates
30. Colombia
31. Denmark
32. South Africa
33. Malaysia
34. Israel
35. Singapore
36. Egypt
37. Philippines
38. Finland
39. Chile
40. Ireland
41. Pakistan
42. Greece
43. Portugal
44. Kazakhstan
45. Algeria
46. Czech Republic
47. Qatar
48. Peru
49. Romania
50. Vietnam
LIST OF TABLES
1. Key Findings In 2022
2. Market Volume, In Physical Terms, 2012–2022
3. Market Value, 2012–2022
4. Per Capita Consumption, By Country, 2018–2022
5. Production, In Physical Terms, By Country, 2012–2022
6. Producing Animals, By Country, 2012-2022
7. Yield, By Country, 2012-2022
8. Imports, In Physical Terms, By Country, 2012–2022
9. Imports, In Value Terms, By Country, 2012–2022
10. Import Prices, By Country Of Destination, 2012–2022
11. Exports, In Physical Terms, By Country, 2012–2022
12. Exports, In Value Terms, By Country, 2012–2022
13. Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2022
2. Market Value, 2012–2022
3. Consumption, By Country, 2022
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Yield And Growth
12. Exports And Growth
13. Export Prices And Growth
14. Market Size And Growth
15. Per Capita Consumption
16. Imports And Growth
17. Import Prices
18. Production, In Physical Terms, 2012–2022
19. Production, In Value Terms, 2012–2022
20. Producing Animals, 2012–2022
21. Yield, 2012–2022
22. Production, By Country, 2022
23. Production, In Physical Terms, By Country, 2012–2022
24. Producing Animals, By Country, 2022
25. Producing Animals, By Country, 2012-2022
26. Yield, By Country, 2012-2022
27. Imports, In Physical Terms, 2012–2022
28. Imports, In Value Terms, 2012–2022
29. Imports, In Physical Terms, By Country, 2022
30. Imports, In Physical Terms, By Country, 2012–2022
31. Imports, In Value Terms, By Country, 2012–2022
32. Import Prices, By Country, 2012–2022
33. Exports, In Physical Terms, 2012–2022
34. Exports, In Value Terms, 2012–2022
35. Exports, In Physical Terms, By Country, 2022
36. Exports, In Physical Terms, By Country, 2012–2022
37. Exports, In Value Terms, By Country, 2012–2022
38. Export Prices, 2012–2022