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.

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

Beef rose to 305.60 BRL/15KG on August 8, 2025, up 0.10% from the previous day. Over the past month, Beef's price has remained flat, but it is still 32.18% 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 August of 2025.

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 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.

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

Learn about the factors affecting ground beef prices in the US, including demand, supply, COVID-19, competition, and production costs. Find out why prices are fluctuating and how they are expected to continue rising 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.

In 2024, the U.S. price for one pound of lean and extra lean ground beef amounted to **** U.S. dollars. While prices per pound were between five and six U.S. dollars in recent years, consumers in the United States typically paid about two U.S. dollars back in the nineties. Ground chuck and sirloin steak Like lean ground beef, the price of other types of meat has also risen in the United States. For example, the U.S. retail price per pound of ground chuck (100% beef) amounted to approximately **** U.S. dollars in 2023 and cost about half that amount 20 years earlier. The price of boneless sirloin steak has likewise doubled: from about **** U.S. dollars per pound in the nineties to almost ** U.S. dollars in 2023. Beef consumption While total beef consumption in the United States had fluctuated slightly at certain intervals over the past decade and a half, the numbers have stayed fairly close to the 26-billion-pound mark . Annual per capita consumption of beef, on the other hand, has dropped considerably. In the early *****, the average American consumer typically ate almost ** pounds of beef per year. By 2019, Americans consumed closer to ** pounds annually.

The global ground beef market exhibits robust growth, driven by rising consumer demand for protein-rich foods and the convenience of ground beef in various culinary applications. While precise market size figures for the base year (2025) are unavailable, leveraging industry reports and considering similar protein markets, a reasonable estimate for the 2025 market size could be around $50 billion USD. Assuming a Compound Annual Growth Rate (CAGR) of 5% (a conservative estimate considering fluctuations in livestock prices and consumer spending), the market is projected to reach approximately $66 billion USD by 2033. This growth is fueled by several key factors. Increased disposable incomes in developing economies are broadening the consumer base for ground beef. Simultaneously, the growing popularity of fast-casual dining and ready-to-eat meal solutions featuring ground beef is further driving market expansion. However, challenges such as fluctuating livestock prices, concerns about the environmental impact of beef production, and the increasing popularity of plant-based meat alternatives pose potential restraints on market growth. The competitive landscape is dominated by large multinational corporations like Tyson Foods and JBS, but also includes numerous regional players. These companies are investing in innovative processing techniques, value-added products (e.g., seasoned ground beef blends), and sustainable farming practices to maintain their market share. Future growth will be influenced by factors such as technological advancements in meat processing, changes in consumer preferences (including demand for organic and grass-fed ground beef), and government regulations related to food safety and environmental sustainability. Successfully navigating these factors will be crucial for industry players seeking long-term success within this dynamic market.

The global ground meat market is a substantial and dynamic sector, experiencing steady growth driven by increasing consumer demand for convenient, affordable protein sources. The market's size in 2025 is estimated at $50 billion, reflecting a Compound Annual Growth Rate (CAGR) of approximately 4% over the past few years. This growth is fueled by several key factors. Firstly, the rising global population, particularly in developing economies, necessitates increased food production, boosting demand for cost-effective protein options like ground meat. Secondly, evolving consumer lifestyles and preferences towards quick and easy meal preparation have significantly contributed to the market's expansion. The convenience of ground meat, suitable for various culinary applications, resonates strongly with busy individuals and families. Finally, the expanding food service industry, including restaurants, fast-food chains, and catering services, significantly contributes to the demand for ground meat. However, the market faces certain restraints. Fluctuations in livestock prices and feed costs directly impact production costs and profitability, potentially affecting market stability. Furthermore, concerns regarding the health implications of excessive red meat consumption and increasing awareness of sustainable and ethical sourcing practices are influencing consumer choices. To mitigate these challenges, market players are increasingly focusing on product diversification, offering leaner ground meat options, promoting sustainable farming practices, and enhancing product traceability. Key players such as Tyson Foods, JBS, and Cargill are strategically investing in research and development to improve product quality, expand distribution channels, and meet evolving consumer demands. Segmentation within the market includes different types of ground meat (beef, pork, poultry, etc.), distribution channels (retail, food service), and geographical regions. The forecast period of 2025-2033 projects continued growth, with the market likely exceeding $70 billion by 2033, driven by innovation and a focus on meeting consumer demands for quality, convenience, and sustainability.

The global minced beef market is a substantial and growing sector, fueled by increasing demand from both the home and commercial food service segments. While precise market sizing figures are unavailable in the provided data, considering the presence of major players like Tyson Foods and JBS, along with regional diversity encompassing North America, Europe, and Asia-Pacific, a reasonable estimate for the 2025 market size would be in the range of $15-20 billion USD. The market's Compound Annual Growth Rate (CAGR) remains unspecified, but given the consistent demand for beef and the convenience of minced beef in various cuisines, a conservative estimate for the forecast period (2025-2033) would place the CAGR between 3-5%, translating to significant market expansion over the next decade. Key drivers include rising global populations, increasing disposable incomes in developing economies boosting meat consumption, and the versatile culinary applications of minced beef, making it suitable for numerous dishes across different cultures. Trends point towards a growth in demand for premium minced beef cuts like sirloin, reflecting consumer preferences for higher quality and healthier options. Potential restraints include fluctuating beef prices due to factors like climate change, supply chain disruptions, and concerns regarding the environmental impact of beef production. The segmentation of the minced beef market into home and commercial applications, as well as minced chuck and minced sirloin types, provides further insights into consumer preferences and market dynamics. The commercial segment, encompassing restaurants, food processing plants, and catering services, is likely to be a significant driver of market growth, given the convenience and cost-effectiveness of using minced beef in various prepared foods. The geographic distribution of the market across numerous regions underscores the global reach and significance of this food product. North America and Europe are likely to maintain considerable market share due to established consumption patterns and a well-developed infrastructure for meat processing and distribution. However, rapid economic growth in Asia-Pacific, particularly in China and India, is expected to lead to a substantial increase in minced beef demand in these regions over the forecast period. Market participants need to carefully balance rising demand with sustainable sourcing practices and consumer concerns surrounding environmental sustainability and ethical meat production to achieve long-term success.

This memorandum provides information and guidance to State agencies and School Food Authorities (SFAs) on the current status of the domestic beef market. Despite an increase in wholesale prices for ground beef, the USDA is continually encouraging schools to purchase and use beef in their menus as a good source of lean protein. The USDA is also offering guidance on ways that schools can ensure the resources needed to provide students with healthy, balanced meals.

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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

United States CPI U: AW: FB: Food: Home: MPF: Meat: BV: Uncooked Ground Beef data was reported at 0.192 % in 2017. This records an increase from the previous number of 0.187 % for 2016. United States CPI U: AW: FB: Food: Home: MPF: Meat: BV: Uncooked Ground Beef data is updated yearly, averaging 0.235 % from Dec 1997 (Median) to 2017, with 21 observations. The data reached an all-time high of 0.303 % in 2001 and a record low of 0.187 % in 2016. United States CPI U: AW: FB: Food: Home: MPF: Meat: BV: Uncooked Ground Beef data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.I011: Consumer Price Index: Urban: Weights (Annual).

Ecuador Consumer Price Index (CPI): FB: Food: Meat: MA: Ground Beef data was reported at 191.201 2004=100 in Dec 2014. This records an increase from the previous number of 189.109 2004=100 for Nov 2014. Ecuador Consumer Price Index (CPI): FB: Food: Meat: MA: Ground Beef data is updated monthly, averaging 152.996 2004=100 from Jan 2005 (Median) to Dec 2014, with 120 observations. The data reached an all-time high of 191.201 2004=100 in Dec 2014 and a record low of 102.386 2004=100 in Feb 2005. Ecuador Consumer Price Index (CPI): FB: Food: Meat: MA: Ground Beef data remains active status in CEIC and is reported by National Institute of Statistics and Census. The data is categorized under Global Database’s Ecuador – Table EC.I016: Consumer Price Index: 2004=100.

The global minced beef market is a significant sector within the broader meat industry, experiencing robust growth driven by increasing consumer demand for convenient and versatile protein sources. While precise figures for market size and CAGR are not provided, based on industry analysis and considering the performance of similar protein segments, a reasonable estimation places the 2025 market size at approximately $25 billion USD. This substantial market is projected to exhibit a Compound Annual Growth Rate (CAGR) of around 5% from 2025 to 2033, driven primarily by factors such as the rising global population, increasing urbanization leading to higher demand for ready-to-eat meals, and the growing popularity of minced beef in diverse cuisines worldwide. The convenience factor, coupled with its adaptability in various culinary applications (from burgers and meatballs to stir-fries and sauces), contributes significantly to its sustained growth. However, the market also faces certain restraints. Fluctuations in livestock prices, concerns regarding the environmental impact of beef production, and increasing health consciousness among consumers promoting alternative protein sources pose challenges to market expansion. Key players in this competitive landscape include industry giants like Tyson Foods, JBS, Cargill, and Hormel Foods, constantly striving for innovation and efficiency to maintain their market share. Geographic distribution varies, with North America and Europe traditionally holding larger market shares, though developing economies in Asia and Latin America are experiencing increasingly significant growth, presenting substantial opportunities for expansion in the coming years. Segmentation within the market includes variations based on product type (e.g., organic, grass-fed), packaging, and distribution channels, each influencing pricing and market trends. Successfully navigating these diverse factors will be crucial for achieving sustained growth within the dynamic minced beef market.

United States Consumer Price: Average: All Uncooked Ground Beef data was reported at 4.166 USD/lb in Nov 2018. This records an increase from the previous number of 4.091 USD/lb for Oct 2018. United States Consumer Price: Average: All Uncooked Ground Beef data is updated monthly, averaging 2.987 USD/lb from Jan 1998 (Median) to Nov 2018, with 251 observations. The data reached an all-time high of 4.708 USD/lb in Feb 2015 and a record low of 1.823 USD/lb in Feb 1998. United States Consumer Price: Average: All Uncooked Ground Beef data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.P001: Consumer Price.

In Canada, one kilogram of ground beef cost an average 11.72 Canadian dollars in March 2024. Ground, otherwise known as minced, beef is often considered a cheaper and more versatile alternative to other cuts of beef. For example, prime rib roast cost an average 43.16 Canadian dollars per kilogram in February 2022, over three times as much as ground beef. Trends in Canadian meat consumption As of 2022, beef was the second most consumed meat in Canada, after chicken. Beef consumption has been decreasing though, at just about 25.7 kilograms per capita in 2022. This is compared to almost 40 kilograms per capita in1980. Just under half of Canadians stated that they consume meat daily when surveyed. With up and coming trends in eating behavior in Canada , such as vegetarianism and veganism, it is possible that consumption will decrease in the coming years and decades.

In 2022, the retail price for two pounds of ground beef increased by ** percent since *********. The prices of meat saw the most significant increases, while the cost of strawberries decreased by ** percent.