Beef Market By Product Type, By Cut Type, By Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

The global beef market was valued at $445.1 billion in 2022, and is projected to reach $625.8 billion by 2032, growing at a CAGR of 3.5% from 2023 to 2032. Beef is a flesh that is obtained from mature cattle. It is a red-colored meat that includes various essential nutrients such as protein, zinc, selenium, and iron. Beef with the presence of high soft intramuscular fat is considered of premium quality as it improves the flavor of the meat. In the initial production process, beef is first divided into further subsections that are usually referred to as cuts. These cuts are named differently worldwide such as sirloin, brisket, and shank.

The beef market encompasses the production, distribution, and sale of beef products derived from cattle. It is a significant component of the global food industry, driven by factors such as population growth, dietary preferences, income levels, and cultural traditions. The market offers various beef cuts, processed items, and value-added products to consumers, with supply chains often influenced by trade agreements, sustainability concerns, and changing consumer demands.

Certified beef surges the beef market by assuring consumers of specific quality standards, safety, and ethical practices. Certification programs verify attributes like organic production, humane animal treatment, or sustainability. This builds consumer trust, attracts health-conscious and environmentally aware customers, and opens doors to niche markets. Certified beef responds to evolving consumer preferences and promotes industry transparency, driving increased demand and market growth. Moreover, Organic beef has surged in popularity, driving growth in the beef market. Consumers are increasingly prioritizing health and sustainability, leading to a heightened demand for organic, grass-fed, and pasture-raised beef. Organic beef meets these criteria, offering a healthier and environment-friendly option. With a focus on animal welfare, no synthetic hormones or antibiotics, and adherence to organic farming practices, organic beef appeals to health-conscious and eco-conscious consumers, leading to an expansion of the organic beef segment and thus, the overall market growth.

Advanced technology is revolutionizing the beef market by enhancing efficiency, safety, and sustainability. Precision agriculture tools, such as GPS-guided equipment and data analytics, optimize cattle farming practices. Blockchain technology improves traceability, ensuring food safety. In addition, innovations in meat processing, like automation and robotics, boost production speed and quality. These technological advancements reduce costs, minimize waste, and meet the increasing global demand for high-quality beef products, propelling market growth. A healthy diet that packs essential proteins and nutrition is becoming a preferred choice among consumers.

The increase in veganism is a significant restraint for the beef market as more consumers opt for plant-based diets while reducing beef consumption. Veganism aligns with environmental, health, and ethical concerns, prompting a shift away from meat products. This trend has led to the development and popularity of alternative protein sources, such as plant-based meat substitutes, which directly compete with traditional beef products, impacting the market's growth potential. Moreover, an increase in beef prices can significantly restrain the beef market by deterring consumers due to higher costs. This can lead to a shift toward more affordable protein sources, thus impacting the overall beef demand. In addition, higher prices may squeeze profit margins for food service providers and retailers, potentially reducing their willingness to carry beef products, and further limiting market growth.

Organic beef surges the beef market by meeting the growing demand for sustainable and health-conscious food options. Produced without synthetic pesticides, antibiotics, or hormones, organic beef appeals to consumers seeking environmentally friendly and ethically raised meat. It aligns with trends favoring organic and natural products, expanding market opportunities, and catering to a niche but increasingly influential segment of health and eco-conscious consumers. In addition, meat consumers in China are shifting from pork to protein sources like beef. Increasing per capita income is another factor that is expected to elevate meat consumption. Various companies have launched new beef products including the Aberdeen Angus range by Sainsbury's, which is 25% low in carbon footprint. This product launch was the strategy adopted by the company to strengthen its market position in the UK as there are very few companies that provide this level of sustainable product.

The beef market is segmented on the basis of product type, cut type, distribution channel, and region. By product type, the market is classified into loin, chuck, round, brisket, rib, and others. By cut type, the market is segmented into ground beef, steaks, roasts, cubed, and others. On the basis of distribution channel, the market is segmented into supermarkets and hypermarkets, retail stores, wholesalers, e-commerce, and others. Region-wise, the market is analyzed across North America (U.S., Canada, Mexico), Europe (Germany, France, UK, Russia, Spain, Italy, and Rest of Asia-Pacific), Asia-Pacific (China, India, Japan, Australia, South Korea, and Rest of Europe), and LAMEA (Brazil, Argentina, Chile, South Africa, Egypt, and Rest of LAMEA).

The major players operating in the market focus on key strategies, such as mergers, product launches, acquisitions, collaborations, and partnerships. They have also been focusing on strengthening their market reach to maintain their goodwill in the ever-competitive market. Some of the key players in the online grocery market include American Foods Group, LLC, Leverandorselskabet Danish Crown AmbA, JBS S.A., Tyson Foods, Inc., NH Foods Ltd., Smithfield Foods, Inc, Marfrig Global Foods S.A., Agri Beef Co., Cargill, Incorporated, and The Kroger Co.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the beef market analysis from 2022 to 2032 to identify the prevailing beef market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the beef market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global beef market trends, key players, market segments, application areas, and market growth strategies.

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Historic market data

Key Market Segments

By Distribution Channel

Supermarket and Hypermarket
Retail Store
Wholesaler
E commerce
Others

By Product Type

Loin
Chuck
Round
Brisket
Rib
Others

By Cut Type

Ground Beef
Steaks
Roasts
Cubed
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
Asia-Pacific
- China
- South Korea
- Japan
- India
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- Argentina
- Chile
- Egypt
- South Africa
- Rest of LAMEA

Key Market Players:

American Foods Group, LLC
Leverandorselskabet Danish Crown AmbA
Tyson Foods, Inc.
NH Foods Ltd.
Marfrig Global Foods S.A.
Agri Beef Co.
JBS S.A.
Smithfield Foods, Inc
Cargill, Incorporated
The Kroger Co.

Product Code: A04649

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Moderate bargaining power of suppliers
- 3.3.2. Moderate threat of new entrants
- 3.3.3. Moderate threat of substitutes
- 3.3.4. Moderate intensity of rivalry
- 3.3.5. Moderate bargaining power of buyers
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Increasing trend toward nutrient-rich foods
  - 3.4.1.2. Increase in online meat distribution channels
- 3.4.2. Restraints
  - 3.4.2.1. Increasing prices
  - 3.4.2.2. Growing health concerns and veganism
- 3.4.3. Opportunities
  - 3.4.3.1. Increasing awareness of sustainable production

CHAPTER 4: BEEF MARKET, BY PRODUCT TYPE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Loin
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Chuck
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Round
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
4.5. Brisket
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
4.6. Rib
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country
4.7. Others
- 4.7.1. Key market trends, growth factors and opportunities
- 4.7.2. Market size and forecast, by region
- 4.7.3. Market share analysis by country

CHAPTER 5: BEEF MARKET, BY CUT TYPE

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Ground Beef
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Steaks
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Roasts
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
5.5. Cubed
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
5.6. Others
- 5.6.1. Key market trends, growth factors and opportunities
- 5.6.2. Market size and forecast, by region
- 5.6.3. Market share analysis by country

CHAPTER 6: BEEF MARKET, BY DISTRIBUTION CHANNEL

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Supermarket and Hypermarket
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Retail Store
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Wholesaler
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
6.5. E commerce
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
6.6. Others
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country

CHAPTER 7: BEEF MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Product Type
- 7.2.3. Market size and forecast, by Cut Type
- 7.2.4. Market size and forecast, by Distribution Channel
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Market size and forecast, by Product Type
  - 7.2.5.1.2. Market size and forecast, by Cut Type
  - 7.2.5.1.3. Market size and forecast, by Distribution Channel
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Market size and forecast, by Product Type
  - 7.2.5.2.2. Market size and forecast, by Cut Type
  - 7.2.5.2.3. Market size and forecast, by Distribution Channel
  - 7.2.5.3. Mexico
  - 7.2.5.3.1. Market size and forecast, by Product Type
  - 7.2.5.3.2. Market size and forecast, by Cut Type
  - 7.2.5.3.3. Market size and forecast, by Distribution Channel
7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Product Type
- 7.3.3. Market size and forecast, by Cut Type
- 7.3.4. Market size and forecast, by Distribution Channel
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. Germany
  - 7.3.5.1.1. Market size and forecast, by Product Type
  - 7.3.5.1.2. Market size and forecast, by Cut Type
  - 7.3.5.1.3. Market size and forecast, by Distribution Channel
  - 7.3.5.2. UK
  - 7.3.5.2.1. Market size and forecast, by Product Type
  - 7.3.5.2.2. Market size and forecast, by Cut Type
  - 7.3.5.2.3. Market size and forecast, by Distribution Channel
  - 7.3.5.3. France
  - 7.3.5.3.1. Market size and forecast, by Product Type
  - 7.3.5.3.2. Market size and forecast, by Cut Type
  - 7.3.5.3.3. Market size and forecast, by Distribution Channel
  - 7.3.5.4. Italy
  - 7.3.5.4.1. Market size and forecast, by Product Type
  - 7.3.5.4.2. Market size and forecast, by Cut Type
  - 7.3.5.4.3. Market size and forecast, by Distribution Channel
  - 7.3.5.5. Spain
  - 7.3.5.5.1. Market size and forecast, by Product Type
  - 7.3.5.5.2. Market size and forecast, by Cut Type
  - 7.3.5.5.3. Market size and forecast, by Distribution Channel
  - 7.3.5.6. Russia
  - 7.3.5.6.1. Market size and forecast, by Product Type
  - 7.3.5.6.2. Market size and forecast, by Cut Type
  - 7.3.5.6.3. Market size and forecast, by Distribution Channel
  - 7.3.5.7. Rest of Europe
  - 7.3.5.7.1. Market size and forecast, by Product Type
  - 7.3.5.7.2. Market size and forecast, by Cut Type
  - 7.3.5.7.3. Market size and forecast, by Distribution Channel
7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Product Type
- 7.4.3. Market size and forecast, by Cut Type
- 7.4.4. Market size and forecast, by Distribution Channel
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Market size and forecast, by Product Type
  - 7.4.5.1.2. Market size and forecast, by Cut Type
  - 7.4.5.1.3. Market size and forecast, by Distribution Channel
  - 7.4.5.2. South Korea
  - 7.4.5.2.1. Market size and forecast, by Product Type
  - 7.4.5.2.2. Market size and forecast, by Cut Type
  - 7.4.5.2.3. Market size and forecast, by Distribution Channel
  - 7.4.5.3. Japan
  - 7.4.5.3.1. Market size and forecast, by Product Type
  - 7.4.5.3.2. Market size and forecast, by Cut Type
  - 7.4.5.3.3. Market size and forecast, by Distribution Channel
  - 7.4.5.4. India
  - 7.4.5.4.1. Market size and forecast, by Product Type
  - 7.4.5.4.2. Market size and forecast, by Cut Type
  - 7.4.5.4.3. Market size and forecast, by Distribution Channel
  - 7.4.5.5. Australia
  - 7.4.5.5.1. Market size and forecast, by Product Type
  - 7.4.5.5.2. Market size and forecast, by Cut Type
  - 7.4.5.5.3. Market size and forecast, by Distribution Channel
  - 7.4.5.6. Rest of Asia-Pacific
  - 7.4.5.6.1. Market size and forecast, by Product Type
  - 7.4.5.6.2. Market size and forecast, by Cut Type
  - 7.4.5.6.3. Market size and forecast, by Distribution Channel
7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Product Type
- 7.5.3. Market size and forecast, by Cut Type
- 7.5.4. Market size and forecast, by Distribution Channel
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Brazil
  - 7.5.5.1.1. Market size and forecast, by Product Type
  - 7.5.5.1.2. Market size and forecast, by Cut Type
  - 7.5.5.1.3. Market size and forecast, by Distribution Channel
  - 7.5.5.2. Argentina
  - 7.5.5.2.1. Market size and forecast, by Product Type
  - 7.5.5.2.2. Market size and forecast, by Cut Type
  - 7.5.5.2.3. Market size and forecast, by Distribution Channel
  - 7.5.5.3. Chile
  - 7.5.5.3.1. Market size and forecast, by Product Type
  - 7.5.5.3.2. Market size and forecast, by Cut Type
  - 7.5.5.3.3. Market size and forecast, by Distribution Channel
  - 7.5.5.4. Egypt
  - 7.5.5.4.1. Market size and forecast, by Product Type
  - 7.5.5.4.2. Market size and forecast, by Cut Type
  - 7.5.5.4.3. Market size and forecast, by Distribution Channel
  - 7.5.5.5. South Africa
  - 7.5.5.5.1. Market size and forecast, by Product Type
  - 7.5.5.5.2. Market size and forecast, by Cut Type
  - 7.5.5.5.3. Market size and forecast, by Distribution Channel
  - 7.5.5.6. Rest of LAMEA
  - 7.5.5.6.1. Market size and forecast, by Product Type
  - 7.5.5.6.2. Market size and forecast, by Cut Type
  - 7.5.5.6.3. Market size and forecast, by Distribution Channel

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2022

CHAPTER 9: COMPANY PROFILES

9.1. Agri Beef Co.
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Key strategic moves and developments
9.2. American Foods Group, LLC
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Key strategic moves and developments
9.3. Leverandorselskabet Danish Crown AmbA
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
9.4. JBS S.A.
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
9.5. Marfrig Global Foods S.A.
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
9.6. NH Foods Ltd.
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
9.7. Smithfield Foods, Inc
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
9.8. Tyson Foods, Inc.
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.8.7. Key strategic moves and developments
9.9. Cargill, Incorporated
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
9.10. The Kroger Co.
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
- 9.10.7. Key strategic moves and developments