U.S. Beef MarketU.S. Beef Market Analysis 2024 and Forecasts 2032: Unveiling Growth Opportunities
U.S. Beef Market by Cut Type (Ground, Roast, Steak, Others), by Distribution Channel (Retail, HoReCa, Butcher Shops), by Forecast 2024-2032
Base Year: 2023
120 Pages
U.S. Beef Market Analysis 2024 and Forecasts 2032: Unveiling Growth Opportunities
Key Insights
The U.S. Beef Marketsize was valued at USD 102.00 USD Billion in 2023 and is projected to reach USD 141.62 USD Billion by 2032, exhibiting a CAGR of 4.80 % during the forecast period. This type of meat comes from cattle and is favored for its advantageous nutritive value as well as tenderness and palatability. It has multiple subcategories, which include; Prime, choice, and Select, all of which are sorted depending on the marbling and its age. Some of the top severs include Rib-eye, tenderloins, and briskets with their own differences in texture and taste. Tenderness and juiciness are examples of qualities that may well differ greatly depending on which cut of meat and even how it was prepared for consumption. Beef is a cut with a broad variety of applications, from steaks and roasts, right through to ground beef for burgers and casserole dishes amongst a plethora of other uses making it a form of quality steak for consumption all over the world.
U.S. Beef Trends
- Shift towards higher-value cuts, such as steaks and roasts
- Increasing demand for organic and grass-fed beef
- Growing popularity of plant-based meat alternatives
Driving Forces: What's Propelling the U.S. Beef Market
- Rising population and urbanization
- Increasing demand for beef in developing countries
- Government policies supporting beef production
Challenges and Restraints in U.S. Beef Market
- Accelerating adoption of plant-based and alternative protein sources, such as tofu, lentils, and lab-grown meat
- Growing consumer skepticism regarding the environmental impact and animal welfare practices in beef production
- Increased price volatility due to fluctuating feed costs, weather conditions, and market demand
- Emergence of niche markets and specialized diets, such as ketogenic and vegan, reducing demand for traditional beef products
- Stringent government regulations regarding food safety, labeling, and animal welfare
Emerging Trends in U.S. Beef
- Advancements in meat processing technology
- Development of new beef products
- Strategic partnerships between beef producers and retailers
Growth Catalysts in U.S. Beef Industry
- Investments in research and development
- Expansion of processing capacity
- Marketing and promotional campaigns
Market Segmentation: U.S. Beef Analysis
Cut Type:
- Ground
- Roast
- Steak
- Others
Distribution Channel:
- Retail
- HoReCa
- Butcher Shops
Leading Players in the U.S. Beef Market
- American Foods Group, LLC
- AgriBeef Co.
- Cargill, Incorporated
- National Beef Packing Company, LLC.
- JBS USA
- OSI Group LLC
- Greater Omaha Packing Co.
- Harris Ranch Beef Company
- Certified Angus Beef
- Tyson Foods Inc.
Significant Developments in U.S. Beef Sector
- January 2024: Greater Omaha Packing Inc. acquires Heartland Proteins to expand bovine product offerings.
- September 2022: American Foods Group opens a new processing facility in Missouri, boosting the local economy.
- November 2021: AFG invests in a new beef processing facility to expand capacity and portfolio.
- August 2020: Agri Beef Co. partners with True West Beef to provide processing solutions amidst pandemic disruptions.
- June 2020: Harris Ranch Beef launches an online store for premium beef products, increasing sales reach.
Regional Insight
While the Midwest and Plains regions remain major beef-producing hubs, there is a notable shift in production to the Southern and Western states due to favorable climate and increased land availability.
Consumer Side Analysis
U.S. consumers prefer high-quality beef products that are raised sustainably and free from antibiotics or hormones. Health and wellness concerns are also driving demand for leaner and lower-fat beef cuts.
DROCs
- Drivers:
- Growing global population and demand for protein
- Rapid urbanization and changing consumer lifestyles
- Increasing disposable income and evolving dietary preferences
- Advancements in meat processing and packaging technologies
- Restraints:
- Intensifying competition from alternative protein sources
- Heightened concerns over animal welfare and environmental sustainability
- Government regulations and trade barriers
- Persistent labor shortages in the agriculture and food processing sectors
- Opportunities:
- Development and commercialization of new beef products, such as plant-based blends and specialty cuts
- Strategic partnerships with food retailers and restaurant chains
- Expansion into emerging markets with high growth potential
- Investment in sustainable practices and animal welfare initiatives
- Challenges:
- Fluctuating beef prices and potential price shocks
- Labor shortages and rising labor costs
- Evolving consumer preferences and demand patterns
- Government regulations and trade policies influencing market dynamics
SWOT Analysis
Strengths:
- High-quality beef production
- Strong distribution network
- Advanced meat processing technology
Weaknesses:
- Competition from alternative protein sources
- Concerns over animal welfare and environmental impact
Opportunities:
- Growing demand for beef in developing countries
- Development of new beef products
- Expansion of processing capacity
Threats:
- Fluctuations in beef prices
- Government regulations
- Labor shortages
U.S. Beef Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 4.80% from 2018-2032 |
| Segmentation |
|
Frequently Asked Questions
Table Of Content
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increasing Per Capita Spending on Beef Products in the U.S. to Drive the Market Growth
- 3.3. Market Restrains
- 3.3.1. Escalating Inclination of Consumers Towards Plant-based Protein May Hinder the Market Growth
- 3.4. Market Trends
- 3.4.1. Increasing Involvement of Consumers in E-commerce to Support the Market Growth
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. U.S. Beef Market Analysis, Insights and Forecast, 2018-2030
- 5.1. Market Analysis, Insights and Forecast - by Cut Type
- 5.1.1. Ground
- 5.1.2. Roast
- 5.1.3. Steak
- 5.1.4. Others
- 5.2. Market Analysis, Insights and Forecast - by Distribution Channel
- 5.2.1. Retail
- 5.2.2. HoReCa
- 5.2.3. Butcher Shops
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1.
- 5.1. Market Analysis, Insights and Forecast - by Cut Type
- 6. Northeast U.S. Beef Market Analysis, Insights and Forecast, 2018-2030
- 6.1. Market Analysis, Insights and Forecast - By Cut Type
- 6.1.1 Ground
- 6.1.2 Roast
- 6.1.3 Steak
- 6.1.4 and Others
- 6.2. Market Analysis, Insights and Forecast - By Distribution Channel
- 6.2.1 Retail
- 6.2.2 HoReCa
- 6.2.3 and Butcher Shops
- 7. Southeast U.S. Beef Market Analysis, Insights and Forecast, 2018-2030
- 7.1. Market Analysis, Insights and Forecast - By Cut Type
- 7.1.1 Ground
- 7.1.2 Roast
- 7.1.3 Steak
- 7.1.4 and Others
- 7.2. Market Analysis, Insights and Forecast - By Distribution Channel
- 7.2.1 Retail
- 7.2.2 HoReCa
- 7.2.3 and Butcher Shops
- 8. Midwest U.S. Beef Market Analysis, Insights and Forecast, 2018-2030
- 8.1. Market Analysis, Insights and Forecast - By Cut Type
- 8.1.1 Ground
- 8.1.2 Roast
- 8.1.3 Steak
- 8.1.4 and Others
- 8.2. Market Analysis, Insights and Forecast - By Distribution Channel
- 8.2.1 Retail
- 8.2.2 HoReCa
- 8.2.3 and Butcher Shops
- 9. Southwest U.S. Beef Market Analysis, Insights and Forecast, 2018-2030
- 9.1. Market Analysis, Insights and Forecast - By Cut Type
- 9.1.1 Ground
- 9.1.2 Roast
- 9.1.3 Steak
- 9.1.4 and Others
- 9.2. Market Analysis, Insights and Forecast - By Distribution Channel
- 9.2.1 Retail
- 9.2.2 HoReCa
- 9.2.3 and Butcher Shops
- 10. West U.S. Beef Market Analysis, Insights and Forecast, 2018-2030
- 10.1. Market Analysis, Insights and Forecast - By Cut Type
- 10.1.1 Ground
- 10.1.2 Roast
- 10.1.3 Steak
- 10.1.4 and Others
- 10.2. Market Analysis, Insights and Forecast - By Distribution Channel
- 10.2.1 Retail
- 10.2.2 HoReCa
- 10.2.3 and Butcher Shops
- 11. Competitive Analysis
- 11.1. Market Share Analysis 2023
- 11.2. Company Profiles
- 11.2.1 American Foods Group LLC (U.S.)
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 AgriBeef Co. (U.S.)
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Cargill Incorporated (U.S.)
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 National Beef Packing Company LLC. (U.S.)
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 JBS SA (Brazil)
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 OSI Group LLC (U.S.)
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Greater Omaha Packing Co. (U.S.)
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Harris Ranch Beef Company (U.S.)
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Certified Angus Beef (U.S.)
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 Tyson Foods Inc. (U.S.)
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.1 American Foods Group LLC (U.S.)
List of Figures
- Figure 1: U.S. Beef Market Revenue Breakdown (USD Billion, %) by Product 2023 & 2031
- Figure 2: U.S. Beef Market Value Share (%), by Cut Type 2023 & 2031
- Figure 3: U.S. Beef Market Value Share (%), by Distribution Channel 2023 & 2031
- Figure 4: U.S. Beef Market Share (%) by Company 2023
List of Tables
- Table 1: U.S. Beef Market Revenue USD Billion Forecast, by Cut Type 2018 & 2031
- Table 2: U.S. Beef Market Volume K Tons Forecast, by Cut Type 2018 & 2031
- Table 3: U.S. Beef Market Revenue USD Billion Forecast, by Distribution Channel 2018 & 2031
- Table 4: U.S. Beef Market Volume K Tons Forecast, by Distribution Channel 2018 & 2031
- Table 5: U.S. Beef Market Revenue USD Billion Forecast, by Region 2018 & 2031
- Table 6: U.S. Beef Market Volume K Tons Forecast, by Region 2018 & 2031
- Table 7: U.S. Beef Market Revenue USD Billion Forecast, by Cut Type 2018 & 2031
- Table 8: U.S. Beef Market Volume K Tons Forecast, by Cut Type 2018 & 2031
- Table 9: U.S. Beef Market Revenue USD Billion Forecast, by Distribution Channel 2018 & 2031
- Table 10: U.S. Beef Market Volume K Tons Forecast, by Distribution Channel 2018 & 2031
- Table 11: U.S. Beef Market Revenue USD Billion Forecast, by Region 2018 & 2031
- Table 12: U.S. Beef Market Volume K Tons Forecast, by Region 2018 & 2031
- Table 13: U.S. Beef Market Revenue USD Billion Forecast, by Cut Type 2018 & 2031
- Table 14: U.S. Beef Market Volume K Tons Forecast, by Cut Type 2018 & 2031
- Table 15: U.S. Beef Market Revenue USD Billion Forecast, by Distribution Channel 2018 & 2031
- Table 16: U.S. Beef Market Volume K Tons Forecast, by Distribution Channel 2018 & 2031
- Table 17: U.S. Beef Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 18: U.S. Beef Market Volume K Tons Forecast, by Country 2018 & 2031
- Table 19: Northeast U.S. Beef Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 20: Northeast U.S. Beef Market Volume (K Tons) Forecast, by Application 2018 & 2031
- Table 21: Southeast U.S. Beef Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 22: Southeast U.S. Beef Market Volume (K Tons) Forecast, by Application 2018 & 2031
- Table 23: Midwest U.S. Beef Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 24: Midwest U.S. Beef Market Volume (K Tons) Forecast, by Application 2018 & 2031
- Table 25: Southwest U.S. Beef Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 26: Southwest U.S. Beef Market Volume (K Tons) Forecast, by Application 2018 & 2031
- Table 27: West U.S. Beef Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 28: West U.S. Beef Market Volume (K Tons) Forecast, by Application 2018 & 2031
- Table 29: U.S. Beef Market Revenue USD Billion Forecast, by Cut Type 2018 & 2031
- Table 30: U.S. Beef Market Volume K Tons Forecast, by Cut Type 2018 & 2031
- Table 31: U.S. Beef Market Revenue USD Billion Forecast, by Distribution Channel 2018 & 2031
- Table 32: U.S. Beef Market Volume K Tons Forecast, by Distribution Channel 2018 & 2031
- Table 33: U.S. Beef Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 34: U.S. Beef Market Volume K Tons Forecast, by Country 2018 & 2031
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 4.80% from 2018-2032 |
| Segmentation |
|
STEP 1 - Identification of Relevant Samples Size from Population Database
STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.
Note* : In applicable scenarios
STEP 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
STEP 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
About Market Research Forecast
MR Forecast provides premium market intelligence on deep technologies that can cause a high level of disruption in the market within the next few years. When it comes to doing market viability analyses for technologies at very early phases of development, MR Forecast is second to none. What sets us apart is our set of market estimates based on secondary research data, which in turn gets validated through primary research by key companies in the target market and other stakeholders. It only covers technologies pertaining to Healthcare, IT, big data analysis, block chain technology, Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), Energy & Power, Automobile, Agriculture, Electronics, Chemical & Materials, Machinery & Equipment's, Consumer Goods, and many others at MR Forecast. Market: The market section introduces the industry to readers, including an overview, business dynamics, competitive benchmarking, and firms' profiles. This enables readers to make decisions on market entry, expansion, and exit in certain nations, regions, or worldwide. Application: We give painstaking attention to the study of every product and technology, along with its use case and user categories, under our research solutions. From here on, the process delivers accurate market estimates and forecasts apart from the best and most meaningful insights.
Products generically come under this phrase and may imply any number of goods, components, materials, technology, or any combination thereof. Any business that wants to push an innovative agenda needs data on product definitions, pricing analysis, benchmarking and roadmaps on technology, demand analysis, and patents. Our research papers contain all that and much more in a depth that makes them incredibly actionable. Products broadly encompass a wide range of goods, components, materials, technologies, or any combination thereof. For businesses aiming to advance an innovative agenda, access to comprehensive data on product definitions, pricing analysis, benchmarking, technological roadmaps, demand analysis, and patents is essential. Our research papers provide in-depth insights into these areas and more, equipping organizations with actionable information that can drive strategic decision-making and enhance competitive positioning in the market.
