Global Beef Market Overview
Market Overview
In 
, the global beef market increased by % to $, rising for the fourth consecutive year after two years of decline. The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of % year-to-year. Over the period under review, the global market attained the peak level in and is likely to continue growth in the immediate term.
In value terms, beef production expanded to $ in estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the production volume increased by % year-to-year. Global production peaked in and is likely to continue growth in years to come.
The countries with the highest volumes of beef production in were the U.S. ( tonnes), Brazil ( tonnes) and China ( tonnes), with a combined % share of global production. Argentina, India, Australia, Pakistan, Mexico, Russia, France, Canada, Turkey and Germany lagged somewhat behind, together accounting for a further %.
From 2007 to, the biggest increases were in Turkey, while beef production for the other global leaders experienced more modest paces of growth.
The global average beef yield was estimated at kg per head in , standing approx. at the year before. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of % year-to-year. Over the period under review, the average beef yield attained the maximum level in and is expected to retain growth in the near future.
The global number of animals slaughtered for beef production totaled heads in , stabilizing at the year before. Over the period under review, the number of producing animals recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the number of producing animals increased by % against the previous year. The global producing animals peaked in and is expected to retain growth in the near future.
, the global beef market increased by % to $, rising for the fourth consecutive year after two years of decline. The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of % year-to-year. Over the period under review, the global market attained the peak level in and is likely to continue growth in the immediate term.In value terms, beef production expanded to $
in estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the production volume increased by % year-to-year. Global production peaked in and is likely to continue growth in years to come.The countries with the highest volumes of beef production in
were the U.S. ( tonnes), Brazil ( tonnes) and China ( tonnes), with a combined % share of global production. Argentina, India, Australia, Pakistan, Mexico, Russia, France, Canada, Turkey and Germany lagged somewhat behind, together accounting for a further %.From 2007 to
, the biggest increases were in Turkey, while beef production for the other global leaders experienced more modest paces of growth.The global average beef yield was estimated at
kg per head in , standing approx. at the year before. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of % year-to-year. Over the period under review, the average beef yield attained the maximum level in and is expected to retain growth in the near future.The global number of animals slaughtered for beef production totaled
heads in , stabilizing at the year before. Over the period under review, the number of producing animals recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the number of producing animals increased by % against the previous year. The global producing animals peaked in and is expected to retain growth in the near future.Consumption
For the fourth year in a row, the global market recorded growth in consumption of beef (cattle meat), which increased by % to tonnes in . Over the period under review, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the consumption volume increased by % y-o-y. Global consumption peaked in and is likely to see steady growth in the immediate term.
The global beef market value rose slightly to $ in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when the market value increased by % year-to-year. Over the period under review, the global market attained the peak level in and is likely to see steady growth in the near future.
% to tonnes in . Over the period under review, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the consumption volume increased by % y-o-y. Global consumption peaked in and is likely to see steady growth in the immediate term.The global beef market value rose slightly to $
in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when the market value increased by % year-to-year. Over the period under review, the global market attained the peak level in and is likely to see steady growth in the near future.Consumption By Country
The countries with the highest volumes of beef consumption in were the U.S. ( tonnes), Brazil ( tonnes) and China ( tonnes), with a combined % share of global consumption. These countries were followed by Argentina, Pakistan, Russia, Mexico, India, France, Australia, Germany, Canada and Turkey, which together accounted for a further %.
From 2007 to, the biggest increases were in Turkey, while beef consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest beef markets worldwide were the U.S. ($), China ($) and Brazil ($), together comprising % of the global market. These countries were followed by Argentina, Mexico, Russia, Pakistan, France, Australia, Canada, Germany, India and Turkey, which together accounted for a further %.
Among the main consuming countries, Turkey saw the highest rates of growth with regard to market size, over the period under review, while beef market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of beef per capita consumption in were Argentina ( kg per person), Australia ( kg per person) and Brazil ( kg per person).
From 2007 to, the most notable rate of growth in terms of beef per capita consumption, amongst the leading consuming countries, was attained by Turkey, while beef per capita consumption for the other global leaders experienced more modest paces of growth.
were the U.S. ( tonnes), Brazil ( tonnes) and China ( tonnes), with a combined % share of global consumption. These countries were followed by Argentina, Pakistan, Russia, Mexico, India, France, Australia, Germany, Canada and Turkey, which together accounted for a further %.From 2007 to
, the biggest increases were in Turkey, while beef consumption for the other global leaders experienced more modest paces of growth.In value terms, the largest beef markets worldwide were the U.S. ($
), China ($) and Brazil ($), together comprising % of the global market. These countries were followed by Argentina, Mexico, Russia, Pakistan, France, Australia, Canada, Germany, India and Turkey, which together accounted for a further %.Among the main consuming countries, Turkey saw the highest rates of growth with regard to market size, over the period under review, while beef market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of beef per capita consumption in
were Argentina ( kg per person), Australia ( kg per person) and Brazil ( kg per person).From 2007 to
, the most notable rate of growth in terms of beef per capita consumption, amongst the leading consuming countries, was attained by Turkey, while beef per capita consumption for the other global leaders experienced more modest paces of growth.Market Forecast
Driven by increasing demand for beef worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tonnes by the end of .
% for the period from to , which is projected to bring the market volume to tonnes by the end of .
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