Report Update: May 1, 2024

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

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Us Beef Cuts

US beef is regarded as some of the best in the world due to its high quality and consistency. These qualities are attributed to the strict regulations in place that dictate how cattle are raised and processed in the US. When it comes to beef cuts, there are several different types available, each with their own unique characteristics and preparation methods.

Beef Primal Cuts

The first thing to understand about beef cuts is that they are typically divided into primal cuts, which are large sections of the animal that are then further divided into smaller cuts. The eight beef primal cuts are:

Chuck
Rib
Loin
Sirloin
Round
Flank
Short Plate
Brisket

Cuts From the Chuck

The chuck refers to the shoulder area of the steer and is home to some of the most flavorful cuts of beef. Cuts from the chuck include:

Chuck roast: a large, tough cut that benefits from slow cooking in a pot roast or stew
Shoulder steak: a flavorful, budget-friendly cut that can be grilled or pan-fried
Short ribs: a meaty, flavorful cut that benefits from slow cooking
Chuck eye steak: a tender cut that can be grilled or pan-fried

Cuts From the Rib

The rib primal cut runs from the sixth to the twelfth rib and includes some of the most expensive and sought-after cuts of beef. Cuts from the rib include:

Ribeye steak: a tender, well-marbled steak that is best cooked on the grill or in a cast-iron skillet
Prime rib: a large, bone-in roast that is seasoned with herbs and slow-roasted to perfection
Back ribs: a meaty, flavorful cut that benefits from slow cooking

Cuts From the Loin

The loin primal cut is located in the back of the steer and includes some of the most tender and expensive cuts of beef. Cuts from the loin include:

Tenderloin: a very tender and expensive cut that is often served as filet mignon
New York strip steak: a flavorful, tender steak that is best cooked on the grill or in a cast-iron skillet
Top sirloin: a lean and flavorful cut that is best grilled or pan-fried

Cuts From the Sirloin

The sirloin primal cut is located just behind the loin and includes some of the most popular cuts of beef. Cuts from the sirloin include:

Sirloin steak: a flavorful and relatively inexpensive cut that is best grilled or pan-fried
Tri-tip: a flavorful cut that is best grilled or roasted

Cuts From the Round

The round primal cut is located in the hindquarters of the steer and includes some of the leanest cuts of beef. Cuts from the round include:

Eye of round roast: a lean and relatively inexpensive cut that benefits from slow cooking
Top round roast: a lean and flavorful cut that is best roasted or braised
Bottom round roast: a lean and flavorful cut that is best roasted or braised

Cuts From the Flank

The flank is a lean and flavorful cut that is located just below the loin. Cuts from the flank include:

Flank steak: a flavorful and relatively inexpensive cut that is best marinated and grilled or broiled

Cuts From the Short Plate

The short plate is located in the lower belly area of the steer and includes some fairly inexpensive and flavorful cuts. Cuts from the short plate include:

Skirt steak: a flavorful and relatively inexpensive cut that is best grilled or pan-fried
Short ribs: a meaty and flavorful cut that benefits from slow cooking

Cuts From the Brisket

The brisket is located in the lower chest area of the steer and is a tough and flavorful cut that benefits from slow cooking. Cuts from the brisket include:

Brisket: a large, bone-in cut that is often smoked or slow-roasted and used in dishes such as barbecue beef brisket

When buying beef cuts, it's important to understand the different cuts available and how they should be prepared. Whether you're looking for a tender and expensive cut or a budget-friendly option, there is a cut of beef out there for every taste and budget.

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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 2012–2023
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 2012–2023
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
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Producing Animals, By Country, 2012-2023
7. Yield, By Country, 2012-2023
8. Imports, In Physical Terms, By Country, 2012–2023
9. Imports, In Value Terms, By Country, 2012–2023
10. Import Prices, By Country Of Destination, 2012–2023
11. Exports, In Physical Terms, By Country, 2012–2023
12. Exports, In Value Terms, By Country, 2012–2023
13. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
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, 2012–2023
19. Production, In Value Terms, 2012–2023
20. Producing Animals, 2012–2023
21. Yield, 2012–2023
22. Production, By Country, 2023
23. Production, In Physical Terms, By Country, 2012–2023
24. Producing Animals, By Country, 2023
25. Producing Animals, By Country, 2012-2023
26. Yield, By Country, 2012-2023
27. Imports, In Physical Terms, 2012–2023
28. Imports, In Value Terms, 2012–2023
29. Imports, In Physical Terms, By Country, 2023
30. Imports, In Physical Terms, By Country, 2012–2023
31. Imports, In Value Terms, By Country, 2012–2023
32. Import Prices, By Country, 2012–2023
33. Exports, In Physical Terms, 2012–2023
34. Exports, In Value Terms, 2012–2023
35. Exports, In Physical Terms, By Country, 2023
36. Exports, In Physical Terms, By Country, 2012–2023
37. Exports, In Value Terms, By Country, 2012–2023
38. Export Prices, 2012–2023