1. What is the projected Compound Annual Growth Rate (CAGR) of the U.S. Beef Market?
The projected CAGR is approximately 4.80%.
U.S. Beef MarketU.S. Beef Market Analysis 2025 and Forecasts 2033: Unveiling Growth Opportunities
U.S. Beef Market by Cut Type (Ground, Roast, Steak, Others), by Distribution Channel (Retail, HoReCa, Butcher Shops), by Forecast 2025-2033
Base Year: 2024
120 Pages
U.S. Beef Market Analysis 2025 and Forecasts 2033: Unveiling Growth Opportunities
U.S. Beef Market Analysis 2025 and Forecasts 2033: 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 (especially in emerging markets)
- Increasing demand for beef in developing countries due to rising incomes and changing dietary habits
- Government policies supporting beef production, including subsidies and research programs
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, increased land availability, and a growing number of feedlots and processing facilities.
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, particularly in emerging markets
- Rapid urbanization and changing consumer lifestyles, leading to an increase in meat consumption
- Increasing disposable income and evolving dietary preferences, with consumers seeking high-quality and convenient beef options
- Advancements in meat processing and packaging technologies, enabling longer shelf life and improved product quality
- Restraints:
- Intensifying competition from alternative protein sources, such as plant-based meats and seafood
- Heightened concerns over animal welfare and environmental sustainability, leading to consumer pressure on beef producers
- Government regulations and trade barriers, particularly in international markets
- Persistent labor shortages in the agriculture and food processing sectors, impacting production and distribution
- Opportunities:
- Development and commercialization of new beef products, such as leaner cuts, marinated options, and value-added products
- Strategic partnerships with food retailers and restaurant chains to promote beef consumption
- Expansion into emerging markets with high growth potential, such as Asia and Latin America
- Investment in sustainable practices and animal welfare initiatives to meet consumer demands and enhance brand reputation
- Challenges:
- Fluctuating beef prices and potential price shocks due to factors such as weather, market conditions, and disease outbreaks
- Labor shortages and rising labor costs, impacting production efficiency and distribution
- Evolving consumer preferences and demand patterns, requiring adaptability and innovation in product development
- Government regulations and trade policies influencing market dynamics, presenting both challenges and opportunities for beef producers
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 | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 4.80% from 2019-2033 |
| Segmentation |
|
Table of Contents
- 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, 2019-2031
- 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, 2019-2031
- 7. Southeast U.S. Beef Market Analysis, Insights and Forecast, 2019-2031
- 8. Midwest U.S. Beef Market Analysis, Insights and Forecast, 2019-2031
- 9. Southwest U.S. Beef Market Analysis, Insights and Forecast, 2019-2031
- 10. West U.S. Beef Market Analysis, Insights and Forecast, 2019-2031
- 11. Competitive Analysis
- 11.1. Market Share Analysis 2024
- 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 2024 & 2032
- Figure 2: U.S. Beef Market Share (%) by Company 2024
List of Tables
- Table 1: U.S. Beef Market Revenue USD Billion Forecast, by Region 2019 & 2032
- Table 2: U.S. Beef Market Volume K Tons Forecast, by Region 2019 & 2032
- Table 3: U.S. Beef Market Revenue USD Billion Forecast, by Cut Type 2019 & 2032
- Table 4: U.S. Beef Market Volume K Tons Forecast, by Cut Type 2019 & 2032
- Table 5: U.S. Beef Market Revenue USD Billion Forecast, by Distribution Channel 2019 & 2032
- Table 6: U.S. Beef Market Volume K Tons Forecast, by Distribution Channel 2019 & 2032
- Table 7: U.S. Beef Market Revenue USD Billion Forecast, by Region 2019 & 2032
- Table 8: U.S. Beef Market Volume K Tons Forecast, by Region 2019 & 2032
- Table 9: U.S. Beef Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 10: U.S. Beef Market Volume K Tons Forecast, by Country 2019 & 2032
- Table 11: Northeast U.S. Beef Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 12: Northeast U.S. Beef Market Volume (K Tons) Forecast, by Application 2019 & 2032
- Table 13: Southeast U.S. Beef Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 14: Southeast U.S. Beef Market Volume (K Tons) Forecast, by Application 2019 & 2032
- Table 15: Midwest U.S. Beef Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 16: Midwest U.S. Beef Market Volume (K Tons) Forecast, by Application 2019 & 2032
- Table 17: Southwest U.S. Beef Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 18: Southwest U.S. Beef Market Volume (K Tons) Forecast, by Application 2019 & 2032
- Table 19: West U.S. Beef Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 20: West U.S. Beef Market Volume (K Tons) Forecast, by Application 2019 & 2032
- Table 21: U.S. Beef Market Revenue USD Billion Forecast, by Cut Type 2019 & 2032
- Table 22: U.S. Beef Market Volume K Tons Forecast, by Cut Type 2019 & 2032
- Table 23: U.S. Beef Market Revenue USD Billion Forecast, by Distribution Channel 2019 & 2032
- Table 24: U.S. Beef Market Volume K Tons Forecast, by Distribution Channel 2019 & 2032
- Table 25: U.S. Beef Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 26: U.S. Beef Market Volume K Tons Forecast, by Country 2019 & 2032
Methodology
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 segments, 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 mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.
Frequently Asked Questions
2. Which companies are prominent players in the U.S. Beef Market?
Key companies in the market include American Foods Group, LLC (U.S.), AgriBeef Co. (U.S.), Cargill, Incorporated (U.S.), National Beef Packing Company, LLC. (U.S.), JBS SA (Brazil), OSI Group LLC (U.S.), Greater Omaha Packing Co. (U.S.), Harris Ranch Beef Company (U.S.), Certified Angus Beef (U.S.), Tyson Foods Inc. (U.S.).
3. What are the main segments of the U.S. Beef Market?
The market segments include Cut Type, Distribution Channel.
4. Can you provide details about the market size?
The market size is estimated to be USD 102.00 USD Billion as of 2022.
5. What are some drivers contributing to market growth?
Increasing Per Capita Spending on Beef Products in the U.S. to Drive the Market Growth.
6. What are the notable trends driving market growth?
Increasing Involvement of Consumers in E-commerce to Support the Market Growth.
7. Are there any restraints impacting market growth?
Escalating Inclination of Consumers Towards Plant-based Protein May Hinder the Market Growth.
8. Can you provide examples of recent developments in the market?
January 2024 – Greater Omaha Packing Inc. announced the acquisition of Heartland Proteins, solidifying its commitment to meeting the increasing demand for bovine-originated products. This strategic move significantly expands Greater Omaha’s capabilities, allowing the company to serve a broader customer base better.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 2850, USD 3850, and USD 4850 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in USD Billion and volume, measured in K Tons.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "U.S. Beef Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the U.S. Beef Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the U.S. Beef Market?
To stay informed about further developments, trends, and reports in the U.S. Beef Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.