The FAO Meat Price Index* started to increase in October of 2020. For the first few months of the pandemic, prices had declined. In 2021, prices further increased and the index reached an all time high of 125.4 index points in June of 2022, a few months after the start of the Russian invasion of Ukraine. Since then, the index has fluctuated and came to 117.7 in January 2025. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated facts and figures page. For further information about the Russian invasion of Ukraine, please visit our dedicated page on the topic.

In 2025, beef prices keep rising due to low cattle inventory and strong consumer demand, posing challenges for producers and consumers alike.

Beef rose to 304.45 BRL/15KG on September 22, 2025, up 0.12% from the previous day. Over the past month, Beef's price has fallen 1.96%, but it is still 16.34% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Beef - values, historical data, forecasts and news - updated on September of 2025.

Live Cattle rose to 237.15 USd/Lbs on September 22, 2025, up 1.53% from the previous day. Over the past month, Live Cattle's price has fallen 1.28%, but it is still 29.45% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Live Cattle - values, historical data, forecasts and news - updated on September of 2025.

In November 2024, the inflation rate of live animals and meat increased by ***** percent compared to the same month. The inflation of pork meat in Mexico increased by ***** percent compared to the same month of the previous year. That month, beef meat had an inflation rate of ***** percent, while chicken meat saw an increase of ** percent compared to May 2024.

Fresh regular 100% ground beef excluding round, chuck, and sirloin. Includes organic and non-organic. Excludes pre-formed patties."

Poland Retail Price: Beef Meat without Bone data was reported at 50.310 PLN/kg in Feb 2025. This records an increase from the previous number of 50.020 PLN/kg for Jan 2025. Poland Retail Price: Beef Meat without Bone data is updated monthly, averaging 33.530 PLN/kg from Jan 2010 (Median) to Feb 2025, with 182 observations. The data reached an all-time high of 50.310 PLN/kg in Feb 2025 and a record low of 26.500 PLN/kg in Sep 2010. Poland Retail Price: Beef Meat without Bone data remains active status in CEIC and is reported by Statistics Poland. The data is categorized under Global Database’s Poland – Table PL.P001: Retail Price: Food Products: by Region.

The price per pound of beef and pork are forecast to increase in the United States until about 2027 and then will decrease slightly. The price of beef is forecast to be *** U.S. dollars per pound in 2028 and the price of pork is forecast to be over five U.S. dollars per pound that same year.

The revenue of the beef market in Guinea amounted to $X in 2018, rising by X% against the previous year. Over the period under review, the total market indicated a buoyant increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, beef consumption increased by +X% against 2007 indices. The pace of growth was the most pronounced in 2010 when the market value increased by X% against the previous year. Over the period under review, the beef market reached its maximum level in 2018 and is likely to continue its growth in the near future.

This statistic depicts the average annual prices for meat (beef) from 2014 through 2026*. In 2024, the average price for meat (beef) stood at 5.93 nominal U.S. dollars per kilogram.

United States Wholesale Price: Beef: Central US: Boneless: 90%: Fresh data was reported at 381.590 USD/cwt in Mar 2025. This records an increase from the previous number of 374.040 USD/cwt for Feb 2025. United States Wholesale Price: Beef: Central US: Boneless: 90%: Fresh data is updated monthly, averaging 198.740 USD/cwt from Jan 2000 (Median) to Mar 2025, with 301 observations. The data reached an all-time high of 381.590 USD/cwt in Mar 2025 and a record low of 93.690 USD/cwt in Oct 2000. United States Wholesale Price: Beef: Central US: Boneless: 90%: Fresh data remains active status in CEIC and is reported by Economic Research Service. The data is categorized under Global Database’s United States – Table US.P003: Red Meat Price.

Feeder Cattle rose to 362.73 USd/Lbs on September 22, 2025, up 1.00% from the previous day. Over the past month, Feeder Cattle's price has risen 0.23%, and is up 47.99% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Feeder Cattle - values, historical data, forecasts and news - updated on September of 2025.

The revenue of the beef market in Chad amounted to $X in 2018, increasing by X% against the previous year. In general, the total market indicated a prominent expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, beef consumption increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2011 when the market value increased by X% year-to-year. Over the period under review, the beef market reached its maximum level in 2018 and is expected to retain its growth in the immediate term.

Meat Price Index in World increased to 128 Index Points in August from 127.20 Index Points in July of 2025. This dataset includes a chart with historical data for World Meat Price Index.

High prices have consistently elevated revenues for Canadian cattle producers over the current period, but also discouraged herd rebuilding and drained cattle supplies. Cattle prices have surged due to reduced herds in North America, influenced by persistent droughts impeding effective herd rebuilding. Although producers are generally inclined to rebuild, the volatility of high prices, along with the unpredictability of future drought impacts, has discouraged extensive retention practices. Profit has also been pressured by elevated input costs, particularly feed, but extreme cattle prices have allowed profit to recover and expand since its low in 2022. Compounding these challenges is the difficulty in passing increased costs onto consumers, who have shown a growing propensity to switch to alternative proteins. This, combined with the inherent volatility in agricultural outputs due to extreme weather events, continues to strain the financial health of producers despite elevated cattle prices. Overall, revenue has climbed at a CAGR of 4.4% since 2020, including an increase of 2.0% to reach an estimated $25.6 billion in 2025 as beef prices remain on the rise. Consumer behaviour around beef is being reshaped by health perceptions and sustainability concerns, as well as high beef prices. Persistent health advisories recommending reduced red meat consumption influence both domestic and global market demands, pushing consumers towards substitute proteins. Awareness around sustainability is intensifying interest in plant-based alternatives as environmentally friendly consumption gains traction. While inflation has moderated overall, beef prices continue to rise in response to supply-related constraints, making the protein more costly and steering some consumers toward more affordable options like pork and poultry. Industry associations and producers are focusing on marketing beef’s value, quality and affordability to retain consumer interest amid these shifts. The future outlook for the cattle industry will be strongly influenced by red meat prices, which will see initial short-term price increases and then are expected to ease over time, ultimately resulting in higher price levels in 2030 compared to 2025. These trends are driven by supply constraints and shifting global demands, while herd rebuilding efforts will gradually moderate the huge price increases of the current period. Concurrently, sustained pressures from consumer sustainability concerns are likely to continue spurring interest in alternative proteins, propelling producers toward adopting emission-reducing production methods. Nonetheless, rising disposable incomes, especially in emerging beef export markets, present opportunities for Canadian producers by increasing demand for premium beef products. Expanding into new markets will be particularly important for beef producers and the cattle farmers supplying them as US-Canada trade tensions and tariffs shake the stability of this major buyer. Additionally, anticipated global population growth will support heightened protein demand overall. Revenue is expected to climb at a CAGR of 0.1% to reach $25.8 billion over the five years to 2030.

The boxed beef market, encompassing the processing and distribution of pre-packaged beef cuts, is a significant segment of the broader meat industry. While precise market size figures are unavailable, a reasonable estimate, considering the presence of major players like Tyson Foods and JBS, and the substantial scale of beef consumption globally, could place the 2025 market value at approximately $20 billion USD. The market's Compound Annual Growth Rate (CAGR) is projected to remain steady in the coming years, driven by several factors. Increased demand for convenience foods, particularly within the food service sector (restaurants, catering, etc.), fuels growth. Additionally, the rising popularity of online grocery shopping and the expansion of retail channels catering to this trend contribute to market expansion. While fluctuating beef prices and potential supply chain disruptions pose challenges, technological advancements in packaging and processing are helping to mitigate these risks. The continued growth of the food processing industry and investments in improving food safety protocols further underpin the optimistic outlook. Segmentation within the boxed beef market is largely determined by product type (e.g., ground beef, steaks, roasts), packaging format, and distribution channels. Regional variations exist based on per capita meat consumption levels and cultural preferences. Competition is intense, with major players vying for market share through strategic acquisitions, brand expansion, and innovation in product offerings. The increasing focus on sustainability and ethical sourcing within the meat industry also presents an opportunity for companies that prioritize these aspects in their supply chains. The forecast period of 2025-2033 suggests considerable potential for growth as these trends continue to shape consumer demand and industry practices. A conservative estimate for CAGR during this period would be 3-4%, leading to substantial market expansion by 2033.

The FAO Food Price Index (FFPI) averaged 130.1 points in August 2025, almost the same figure as the previous month. The highest value for the index in the past 23 years was reached in March 2022. The rate of food price increases has been decreasing since, yet has started to pick up again in 2025.

Food prices worldwide Some food commodities have been hit harder than others in the past years. Global dairy, meat, and vegetable oil prices were on an upward trajectory in the first half of 2025. Regionally, the European Union (EU) and the UK have experienced a particularly high increase in the annual consumer prices for food and non-alcoholic beverages, as compared to other selected countries worldwide. Inflation in Europe The inflation rate for food in the EU grew from 0.2 percent in May 2021 to 19.2 percent in March 2023, as compared to the same month in the previous year. In the following months, the food inflation started decreasing again, yet has picked up again in 2025 in line with the global trend. The overall inflation rate in the Euro area reached its peak in December 2022 at 9.2 percent. The rate has since fallen to 2.4 percent in December 2024. As measured by the Harmonized Index of Consumer Prices (HICP), inflation rates in Europe were highest in Turkey, Romania, and Estonia as of April 2025.

The global raw beef market is a significant sector within the broader meat industry, exhibiting robust growth potential. While precise figures for market size and CAGR are not provided, considering industry trends and the presence of major players like JBS Foods and Agri Beef, a reasonable estimation can be made. Let's assume, for illustrative purposes, a 2025 market size of $150 billion USD, with a projected Compound Annual Growth Rate (CAGR) of 3% for the forecast period (2025-2033). This growth is driven by several factors: increasing global meat consumption, particularly in developing economies with rising disposable incomes; growing demand for protein-rich diets; and the expansion of the food service sector, including restaurants and fast-food chains. Trends such as the increasing preference for grass-fed beef and sustainable farming practices are also influencing market dynamics, although the uptake of these trends varies geographically. However, restraints like fluctuating livestock prices, concerns over the environmental impact of beef production (methane emissions), and potential outbreaks of animal diseases could temper growth. Segmentation within the market is likely based on various factors including beef cuts (e.g., ground beef, steaks), distribution channels (e.g., retail, food service), and geographical regions. The competitive landscape is characterized by a mix of large multinational corporations and smaller regional producers. Major players such as JBS Foods, Agri Beef, and Waves Pacific compete based on factors like production scale, supply chain efficiency, brand recognition, and marketing strategies. The regional breakdown of the market likely shows variations in consumption patterns and growth rates. Developed markets may exhibit more mature growth, while developing markets might showcase higher growth rates due to increased meat consumption. Overall, the raw beef market presents a complex and dynamic environment, with both opportunities and challenges influencing its trajectory in the coming years. Further detailed market research is required for precise projections.

The Canadian beef market amounted to $6.6B in 2024, picking up by 4.3% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Beef consumption peaked at $6.7B in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

As per Cognitive Market Research's latest published report, the Global Corned Beef market size was USD 1,443.28 Million in 2016 and it is forecasted to reach USD 2,666.29 Million by the end of 2028. Corned Beef Industry's Compound Annual Growth Rate will be 5.91% from 2023 to 2030.

North America Corned Beef market size is projected to USD 927.02 Million by 2028.

Key of Driver of Corned Beef Market

The increasing number of restaurants

The food service industry is growing at a significant growth rate. Food is a big part of people's life. Growing spending capacity in the population has changed the food business. People are increasingly choosing restaurants that offer more than just good food. There has to be a fine balance of taste, authenticity, health, and transparency.

Moreover, according to the National Restaurant Association, many consumers order deliveries or prefer takeaways. Busy life, hectic work schedules, and an increasing number of working women across the globe have enhanced the trend of online food delivery. This has resulted in the rising number of restaurants and hotels that are providing corn beef dishes.

Changing lifestyles and consumption patterns have been a common feature that has positively enhanced the demand for restaurants across the globe. With the changing lifestyle, people are adopting different cultures and changing their daily routines. So, a rise in disposable income and change in lifestyle & spending habits is a major driving factors for the corn beef industry.

Quick service restaurants and fast-food restaurants have evolved as major providers of mass-produced food, which has been attracting an increasing number of people towards experiencing and enjoying their corned beef. In addition to this, many restaurants started offering numerous other services, including take-out, drive-thru, and home delivery, which are well suited to the modern lifestyle. This has gradually increased the traffic of individuals visiting hotels.

These hotels and restaurants found corned beef a major source for numerous recipes. Corned beef recipes, including glazed corned beef, crockpot corned beef and cabbage, and recipes using leftover corned beef. Corned beef can even be used in potato soup, chili, or casserole for a new spin. The rising number of hotels and restaurants boost the sale of corned beef.

As a result, the increasing number of restaurants propels the growth of the corned beef market.

Consumers Preferences of Ready to Eat Food Propels the Market Growth

Restraints for Corned Beef Market

Availability of Affordable Alternative Protein Meats Consumers are increasingly able to access more budget-friendly protein sources such as chicken, pork, and plant-based alternatives. These options not only tend to be less expensive but also frequently carry a healthier or more sustainable reputation, which diminishes the demand for corned beef, a product that is generally processed and contains higher sodium levels. Health Issues Associated with Processed Meat Intake The rising health consciousness among consumers regarding the dangers of processed meat consumption—such as elevated sodium levels, nitrates, and saturated fats—has prompted a movement towards fresher, leaner protein options. This viewpoint adversely affects the consumption of corned beef, especially among health-aware populations. Religious and Cultural Dietary Limitations Corned beef, being a beef-derived product, is unsuitable for communities that have religious prohibitions against beef consumption (like Hindus) or against meat altogether (such as vegetarians or vegans). This considerably restricts its market potential in certain areas and among particular consumer demographics.

Trends for the Corned Beef Market

Surge in E-Commerce Sales The growth of online retail platforms has had a significant effect on the corned beef market. Consumers are increasingly acquiring corned beef products via e-commerce channels, motivated by the ease of home delivery and a broader range of products. This trend is observable in various areas, including India, where the meat and fish e-commerce market is anticipated to experience considerable growth in the upcoming years. Growing Demand for Shelf-Stable and Ready-to-Eat Products The interest in shelf-stable foods such as canned corned beef is increasing, due to their durability and convenience. These items are especially att...