The retail price of 100% ground beef in the United States has risen significantly in the last two decades. In 2024, a pound of ground beef cost **** U.S. dollars, up from **** U.S. dollars in 2008. Cattle and beef production in the U.S. In 2022, there were almost ** million beef cows in the United States. Compared to sheep, pigs, and chickens, cows are very expensive to raise and require much more water, feed, and land per calorie generated. Though beef production fluctuates from year to year, there has been a positive trend in beef production in the last several years in the United States. U.S. beef market In terms of retail sales, beef is the leading type of fresh meat in the United States. On average, beef generates about *********** U.S. dollars in sales per store per week, compared to approximately *********** dollars for chicken, and less than ************* dollars for pork. As of 2021, per capita consumption of beef in the United States amounted to about ** pounds per year.

Beef traded flat at 296.10 BRL/15KG on July 23, 2025. Over the past month, Beef's price has fallen 6.80%, but it is still 28.91% 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 July of 2025.

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

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

In the U.S. in 2024, filet mignon had the highest retail price per pound at ***** U.S. dollars per pound, while short ribs had the lowest at around ** percent lower than filet mignon. There was a vast difference between the overall prices of grass-fed beef, with the majority being under ** U.S. dollars per pound. Grass fed beef market in the U.S. Grass-fed cows can roam around eating grasses and clover; their natural diet promotes a leaner physique which might be more desired by consumers ********. The highest wholesale price of grass-fed beef comes from whole tenderloin priced at slightly more U.S. dollars per pound compared to New York steak. The United States dominates the grass-fed beef market share worldwide at nearly ** percent. Grass fed beef expected growth The current market value of grass-fed beef is about **** billion U.S. dollars and is forecasted to grow to about by almost twice the amount by 2033; these values demonstrate the expected and increasing consumer interest in grass-fed beef across the United States.

Live Cattle rose to 227.35 USd/Lbs on July 23, 2025, up 1.06% from the previous day. Over the past month, Live Cattle's price has risen 2.62%, and is up 21.61% compared to the same time last year, 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 July of 2025.

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.

Discover the challenges in the U.S. beef supply as cattle numbers reach historic lows, driving up meat prices. Insights from Omaha Steaks' CEO Nate Rempe and future predictions for market recovery.

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

Discover why U.S. beef prices are at record highs, influenced by the lowest cattle supplies since 1952, drought conditions, and industry changes.

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 U.S. beef market expanded modestly to $79.4B in 2024, surging by 4.4% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $80.4B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

The US beef cattle production industry is currently marked by tight supply conditions and elevated prices. Over recent years, persistent drought conditions have led to significant herd liquidation, with beef cow numbers falling to historic lows. This contraction has created a bottleneck in calf production and feeder cattle availability, sustaining high cattle prices. In tandem, elevated feed costs have pressured prices upwards and profit down, driving revenue as cattle producers seek to pass on costs and prevent further profit declines. As herd rebuilding has remained slow, cattle supplies have remained low and kept prices high even as feed, energy and other key agricultural input costs have declined from their highs in 2022. Industry revenue has grown at a CAGR of 6.0% during the current period to reach an estimated $95.9 billion after declining by 2.4% in 2025 as reduced consumption and supplies limit sales. Consumer preferences are shifting in the beef cattle production industry. There is an increasing awareness of environmental and health-related concerns associated with beef consumption. Consequently, many consumers are reducing their intake of conventional beef, turning instead towards more sustainable options and alternatives that are perceived as healthier or higher quality, such as grass-fed and organic beef. This shift has spurred growth in these segments as consumers look for transparency and ethical farming practices. Retailers and restaurants have responded accordingly by offering more options that align with these consumer preferences. However, these trends also pose challenges, especially for smaller producers who face significant costs associated with transitioning to sustainable practices or achieving certifications like organic or "sustainably raised." Though opportunities for growth will continue to present themselves, the outlook for the industry as a whole does not look as positive in the next five years. Poultry, pork and plant-based proteins will threaten beef demand as they appeal to health-conscious customers, particularly as cattle prices are elevated. Climate change will also continue to introduce environmental pressures, demanding resilience and adaptability from producers. Periods of stable weather could facilitate herd rebuilding, leading to increased cattle supplies and dropping prices, but continued climatic fluctuations and extreme weather events could reduce the consistency of production and increase revenue volatility. Advancements in technology, such as drones and wearable sensors, promise to help optimize cattle management, improving operational efficiencies and animal welfare. These innovations, however, require investment and broader accessibility through government support to ensure equitable adoption across the industry. Additionally, while global trade disruptions remain a concern due to disease outbreaks and geopolitical tensions, US producers will have opportunities in niche market segments to differentiate themselves, counterbalancing some of these pressures. Overall, revenue for cattle producers is forecast to decline through 2030 at a CAGR of 0.4% to $94.0 billion.

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Beef Market Size 2024-2028

The beef market size is forecast to increase by USD 35.4 million at a CAGR of 3.2% between 2023 and 2028.

The market is experiencing significant growth due to the increasing demand for protein rich food products. Consumers' preference for high-quality, safe, and sustainable beef is driving market growth. Additionally, the adoption of advanced technologies, such as automation and traceability systems, is revolutionizing beef processing and production. However, stringent government regulations, including food safety standards and animal welfare laws, pose challenges to market players. Cattle prices and disease resistance impact meat quality. Online retail and red meat consumption continue to grow, with retail sales dominating the HORECA (Hotel, Restaurant, and Café) sector and butcher shops catering to authentic dishes. These regulations require beef producers to adhere to strict production and processing methods, increasing operational costs. Overall, the market is expected to witness steady growth In the coming years, with a focus on innovation, sustainability, and regulatory compliance.

What will be the Size of the Beef Market During the Forecast Period?

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The market In the US is experiencing significant growth driven by increasing demand for animal-sourced protein, particularly beef, due to its high nutritional value as a rich source of essential amino acids and iron. Health consciousness and various dietary patterns, including low-carb and high-protein diets, have fueled this trend. Beef-based products and multi-cuisine foods, including ready-to-eat meat items, are gaining popularity in both foodservice and retail distribution channels. The meat distribution network is adapting to these trends by offering a diverse range of beef products catering to various dietary preferences, such as antibiotic-free, grass-fed organic, and natural labels. Labeling regulations play a crucial role in consumer trust and transparency.
The market landscape is evolving with the emergence of alternative protein sources like plant-based proteins, insect proteins, and cultured meat. However, beef remains a significant player due to its rich taste and nutritional profile. Steaks and ground cuts continue to be staples in American households and restaurants. Overall, the market is expected to remain strong, driven by the growing demand for high-protein, convenient food options.

How is this Beef Industry segmented and which is the largest segment?

The beef industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Distribution Channel

  Offline
  Online


Geography

  North America

    US


  APAC

    China
    India


  Europe

    Spain


  South America

    Brazil


  Middle East and Africa

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period. The market encompasses the distribution of this animal-sourced protein through various channels, including foodservice, retail, and e-commerce. In the retail sector, major players such as Tesco, Walmart, and Target offer beef-based products, often emphasizing their commitment to food safety certifications and convenience. Supermarkets, hypermarkets, specialty stores, hard discount stores, and convenience stores serve as key offline retail outlets. companies utilize promotional strategies, such as branding and discounts, to attract consumers.
Ground beef, steaks, and other cuts like loin and brisket are popular choices. The market caters to diverse dietary preferences, including low-fat, high-protein, and vegetarian/vegan diets, with alternative proteins like plant-based, insect, cultured, and lab-grown meat emerging. The meat distribution network is crucial, ensuring hygiene and packaging standards are met. Beef production includes grass-fed cattle and high-quality goods, with labeling regulations mandating nutritional content disclosure.

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The offline segment was valued at USD 176.80 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The North American market is currently the largest market globally, driven by the significant demand for animal-sourced protein, particularly In the US. Consumers' increasing health consciousness and preference for high-protein, low-fat diets fuel this demand. Beef's versatility in multi-cuisi

Graph and download economic data for Consumer Price Index for All Urban Consumers: Meats, Poultry, Fish, and Eggs in U.S. City Average (CUSR0000SAF112) from Jan 1967 to May 2025 about seafood, poultry, meat, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

The global beef market, a significant segment within the broader meat industry, is experiencing robust growth driven by increasing global population, rising disposable incomes, and shifting dietary preferences in developing economies. The market size in 2025 is estimated at $250 billion USD, reflecting substantial demand from foodservice customers and retail channels. A Compound Annual Growth Rate (CAGR) of 4% is projected from 2025 to 2033, indicating consistent expansion. Key growth drivers include the rising popularity of beef in processed foods, the increasing demand for high-quality beef cuts, and the expansion of global food retail chains. The frozen beef segment currently holds a larger market share than fresh beef, attributed to its longer shelf life and ease of transportation. However, increasing consumer preference for fresh and sustainable beef products is driving growth in the fresh beef segment. Geographic segmentation reveals that North America and Europe currently dominate the market, though Asia-Pacific shows promising growth potential due to rising middle-class populations and increased meat consumption in emerging markets like China and India. Challenges, including fluctuating beef prices influenced by factors such as climate change and feed costs, and growing concerns about the environmental impact of beef production, present potential restraints on market expansion. Furthermore, stricter regulations on food safety and sustainability are influencing market dynamics. Strategic market players are focusing on diversifying their product offerings, improving supply chain efficiency, and adopting sustainable farming practices to address consumer demands and regulatory requirements. The increasing use of technology in beef production, from precision agriculture to advanced processing techniques, is expected to enhance efficiency and reduce costs. The market is highly competitive, with major players across North America, South America, the European Union, and Asia-Pacific. Companies are increasingly engaging in mergers and acquisitions, brand building, and product innovation to gain a competitive edge. Successful strategies involve catering to diverse consumer needs and preferences, promoting beef as a source of high-quality protein, and proactively addressing sustainability concerns. The overall outlook for the beef market remains positive, with continuous growth expected throughout the forecast period, driven by a combination of market dynamics and evolving consumer trends.

Feeder Cattle fell to 329.08 USd/Lbs on July 24, 2025, down 0.86% from the previous day. Over the past month, Feeder Cattle's price has risen 8.98%, and is up 27.55% 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 July of 2025.

The timeline shows the annual averages of beef price spreads in the United States from 2006 to 2023. The beef price spread from wholesale to retail amounted to 345.4 U.S. cents per pound of retail equivalent in the United States in 2023.

Steaks other than round or sirloin, regardless of cut or grade. Includes bone-in, boneless, organic, non-organic, fresh, and frozen."

The global beef market, valued at $274.27 billion in 2025, is projected to experience steady growth, exhibiting a compound annual growth rate (CAGR) of 2.4% from 2025 to 2033. This growth is driven by several factors. Rising global populations, particularly in developing economies, are increasing demand for protein sources, with beef remaining a preferred choice in many cultures. Furthermore, the growth of food service industries, including restaurants and fast-food chains, contributes significantly to beef consumption. Increased consumer disposable incomes in several regions also fuel higher spending on premium beef cuts. However, the market faces challenges. Concerns regarding the environmental impact of beef production, including greenhouse gas emissions and land usage, are leading to increased scrutiny and consumer preference shifts toward alternative protein sources. Fluctuations in livestock prices and feed costs also impact market stability. Market segmentation reveals a significant demand in both frozen and fresh beef categories, with food service customers and retail chains as primary consumers. Geographic distribution shows strong market presence in North America, particularly the United States, followed by significant contributions from South America (Brazil and Argentina), and the European Union. Emerging markets in Asia, such as China and India, also showcase substantial growth potential, although infrastructural challenges and consumer preferences may influence their trajectory. The market's segmentation into frozen and fresh beef, along with application categories such as food service, retail, and other, offers opportunities for tailored product development and marketing strategies. Frozen beef provides longer shelf life and cost-effectiveness, catering to specific market segments, while fresh beef targets consumers prioritizing quality and immediate consumption. The success of companies within this market hinges on adaptability, sustainability practices, efficient supply chains, and responsiveness to evolving consumer preferences. Addressing consumer concerns about environmental impact through sustainable farming practices and exploring alternative protein integration strategies are crucial for long-term market success. Competitive advantages will likely stem from efficient operations, strong brand recognition, and effective distribution networks that cater to diverse consumer needs across various geographic regions.