Global Beef Market Overview

The global beef market revenue amounted to $ in 2018, jumping 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 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 with an increase of % against the previous year. Over the period under review, the global beef market attained its maximum level in 2018 and is expected to retain its growth in the in years to come.

In value terms, beef production amounted to $ in 2018 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of % y-o-y. The global beef production peaked in 2018 and is expected to retain its growth in the in years to come.

The countries with the highest volumes of beef production in 2018 were the U.S. ( tonnes), Brazil ( tonnes) and China ( tonnes), with a combined % share of global production. These countries were followed by Argentina, India, Mexico, Pakistan, Russia, France, Germany and the UK, which together accounted for a further %.

From 2007 to 2018, the most notable rate of growth in terms of beef production, amongst the main producing countries, was attained by Pakistan, while beef production for the other global leaders experienced more modest paces of growth.

Global average beef yield amounted to kg per head in 2018, approximately equating the previous year. In general, the beef yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when yield increased by % year-to-year. In that year, the average beef yield reached its peak level and is likely to continue its growth in the immediate term.

In 2018, approx. heads of animals slaughtered for beef production worldwide; rising by % against the previous year. Over the period under review, the number of animals slaughtered for beef production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of % against the previous year. In that year, this number reached its peak level and is likely to continue its growth in the immediate term.

In 2018, approx. tonnes of beef (cattle meat) were consumed worldwide; increasing by % against the previous year. Overall, beef consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of % year-to-year. In that year, the global beef consumption attained its peak volume and is likely to continue its growth in the immediate term.

The global beef market revenue amounted to $ in 2018, picking up 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 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 with an increase of % y-o-y. The global beef consumption peaked in 2018 and is likely to continue its growth in the in years to come.

The countries with the highest volumes of beef consumption in 2018 were the U.S. ( tonnes), Brazil ( tonnes) and China ( tonnes), together accounting for % of global consumption. Argentina, Russia, Mexico, Pakistan, India, France, Germany and the UK lagged somewhat behind, together comprising a further %.

From 2007 to 2018, the most notable rate of growth in terms of beef consumption, amongst the main consuming countries, was attained by Pakistan, 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 ($), with a combined % share of the global market.

China recorded the highest rates of growth with regard to market size, among the main consuming countries 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 2018 were Argentina ( kg per person), Brazil ( kg per person) and the U.S. ( kg per person).

From 2007 to 2018, the most notable rate of growth in terms of beef per capita consumption, amongst the main consuming countries, was attained by Pakistan, while beef per capita consumption for the other global leaders experienced more modest paces of growth.

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 2018 to , which is projected to bring the market volume to tonnes by the end of .