Beef rose to 317.40 BRL/15KG on June 27, 2025, up 0.52% from the previous day. Over the past month, Beef's price has risen 4.03%, and is up 40.97% compared to the same time last year, 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 June of 2025.

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.

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.

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.

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 8.4 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.

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.

The price of all kinds of beef products increased in the 52 weeks ending on February 18, 2024 in the United Kingdom (UK). The price of minced beef increased by just over 16 percent, making it the product with the highest increase in cost over that time period.

Live Cattle rose to 224.11 USd/Lbs on June 27, 2025, up 1.13% from the previous day. Over the past month, Live Cattle's price has risen 4.73%, and is up 20.97% 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 June of 2025.

High prices have consistently elevated revenues for 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, which remains significantly above pre-2020 levels. 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 4.6% over the five years to 2025, including an increase of 2.3% to an estimated $25.8 billion in 2025 alone as beef prices remain on the rise. Consumer behaviour around beef is being reshaped by health perceptions and sustainability concerns exacerbated by economic factors. 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. Industry associations and producers are focusing on marketing beef’s value, quality and affordability to retain consumer interest amid these shifting preferences. 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 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 export markets, present opportunities for Canadian producers by increasing demand for premium beef products. These markets promise to buffer challenges faced in traditional markets by amplifying the demand for high-quality, sustainable and organic beef. Capturing these opportunities will require focusing on market diversification, sustainable practices and product differentiation. Additionally, anticipated global population growth supports heightened protein demand overall, positioning Canadian beef exporters to thrive, provided they navigate competitive market dynamics and consumer preferences adeptly. Revenue is expected to climb at a CAGR of 0.4% to reach $26.36 billion over the five years to 2030.

Feeder Cattle rose to 307.94 USd/Lbs on June 27, 2025, up 1.57% from the previous day. Over the past month, Feeder Cattle's price has risen 4.19%, and is up 18.88% 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 June of 2025.

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.

The high-end beef market, encompassing grainfed and grass-fed varieties, is experiencing robust growth, driven by increasing consumer demand for premium quality meat. This demand is fueled by rising disposable incomes, particularly in developed nations, coupled with a growing preference for healthier and ethically sourced products. The retail sector is a significant market segment, with consumers increasingly willing to pay a premium for superior taste and texture. Catering services and food processing plants also represent substantial market segments, leveraging high-end beef in their offerings to enhance their brand image and appeal to discerning clientele. Major players like JBS, Tyson Foods, and Cargill are strategically positioning themselves within this lucrative segment, investing in sustainable farming practices and premium branding to capitalize on the growing consumer interest. Regional variations exist, with North America and Europe representing mature markets, while Asia-Pacific exhibits strong growth potential due to rising middle-class affluence and evolving dietary preferences. However, factors such as fluctuating beef prices, economic downturns, and concerns about environmental sustainability pose challenges to market expansion. The market is expected to experience continued growth, albeit at a moderated pace, as consumers become more conscious of both price and ethical sourcing. The forecast for the high-end beef market from 2025 to 2033 suggests continued expansion, propelled by innovation in meat processing techniques and distribution channels. The emergence of direct-to-consumer models and online retail platforms is further accelerating market accessibility. Competition among industry giants is intensifying, with a focus on product differentiation through superior breeding techniques, enhanced traceability, and value-added offerings such as ready-to-cook meals. The grass-fed beef segment is witnessing increased traction due to its perceived health and environmental benefits, impacting the overall market dynamics. Addressing sustainability concerns, minimizing environmental impact, and maintaining ethical sourcing practices will be crucial for sustained growth and maintaining consumer confidence in the high-end beef sector. While challenges remain, the long-term outlook remains positive for this specialized market segment. Let's assume a conservative CAGR of 5% for this market.

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 further pressured prices upwards, driving revenue as cattle producers seek to pass on costs and maintain their heightened profit. 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 6.3% during the current period to reach an estimated $97.3 billion after declining by 1.0% in 2025. 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 and perceived healthier alternatives 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 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 1.5% to $90.4 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

The global cattle and beef market is a substantial and dynamic sector, exhibiting robust growth driven by increasing global population and rising per capita meat consumption, particularly in developing economies. The market is segmented by application (retail, wholesale, direct selling, others), type (fresh beef, frozen beef, manufactured food), and geography, reflecting diverse consumption patterns and production methods. While North America and Europe traditionally dominate the market, significant growth opportunities exist in Asia-Pacific, driven by increasing urbanization and changing dietary habits. The market's expansion is further fueled by advancements in cattle breeding and farming technologies, leading to increased productivity and improved meat quality. However, challenges such as fluctuating feed prices, concerns regarding environmental sustainability of cattle farming (methane emissions), and the impact of animal diseases can influence market growth. The competitive landscape is characterized by a mix of large multinational corporations and regional players, with companies continually adapting to meet shifting consumer demands and regulatory changes. The projected Compound Annual Growth Rate (CAGR) suggests a steady expansion, indicating a promising outlook for investors and stakeholders. Further analysis reveals a complex interplay of factors impacting market performance. Consumer preferences for specific beef cuts and types, influenced by cultural factors and health trends, significantly shape demand. Government regulations related to food safety, animal welfare, and environmental protection also play a crucial role. Supply chain disruptions, including transportation costs and logistical challenges, can affect market stability. The incorporation of sustainable and ethical farming practices is becoming increasingly critical, influencing consumer choices and business strategies. Innovation in processing and packaging technologies is streamlining operations and ensuring product quality and longevity, thereby influencing market trends. Ultimately, the future of the cattle and beef market relies on the ability of key players to navigate these complex factors while satisfying the evolving needs of a global consumer base. Market projections indicate continued expansion, albeit at a pace influenced by the aforementioned dynamics.

The global grass-fed Wagyu beef market is experiencing robust growth, driven by increasing consumer demand for high-quality, ethically sourced protein. The premium nature of Wagyu beef, coupled with the growing awareness of grass-fed farming's positive environmental impact and animal welfare benefits, is fueling market expansion. While precise market sizing data wasn't provided, a reasonable estimation, based on the growth of the broader Wagyu beef market and the increasing popularity of grass-fed options, suggests a 2025 market value in the range of $500 million. This figure reflects the significant premium commanded by grass-fed Wagyu compared to conventionally raised beef. The compound annual growth rate (CAGR) is likely between 10-15% over the forecast period (2025-2033), driven by several factors including rising disposable incomes in key markets, increasing health consciousness leading to a preference for leaner meats, and the expansion of premium food retail channels and restaurants catering to discerning consumers. Key market segments include whole cuts, ground beef, and processed products. Major players like First Light, Altair, and Robbins Island are leveraging their brand reputation and distribution networks to capitalize on this burgeoning market. Geographic expansion into Asia and Europe presents significant growth opportunities, particularly in regions with a strong culinary appreciation for high-end beef. However, potential restraints include the relatively high price point compared to conventionally raised beef, fluctuating cattle prices, and the challenges associated with scaling up grass-fed production to meet rising demand while maintaining quality and sustainability standards. The forecast period of 2025-2033 will likely witness increased competition as more producers enter the market. Technological advancements in cattle breeding and farming practices will further enhance efficiency and sustainability. Moreover, marketing strategies emphasizing the unique qualities of grass-fed Wagyu, such as superior marbling and flavor, will play a crucial role in driving continued market expansion. Sustainability certifications and traceability initiatives will become increasingly important as consumers demand greater transparency in their food supply chains. The market is ripe for innovation, with opportunities for value-added products and ready-to-cook meal solutions containing grass-fed Wagyu beef. This will broaden market accessibility and appeal to a wider consumer base.

High-End Beef Market Outlook

The global high-end beef market size was valued at USD 15.8 billion in 2023 and is projected to reach USD 28.2 billion by 2032, expanding at a compound annual growth rate (CAGR) of 6.4% during the forecast period. This growth is driven by the increasing demand for premium quality meat, rising disposable incomes, and the growing popularity of gourmet dining experiences. As consumers become more aware of the quality and source of their meat, the high-end beef market is set to flourish.

One of the primary growth factors for the high-end beef market is the increasing consumer awareness regarding the health benefits of consuming premium quality beef. High-end beef varieties such as Wagyu and Angus are known for their superior taste, tenderness, and nutritional profile, which includes higher levels of omega-3 and omega-6 fatty acids. These attributes appeal to health-conscious consumers who seek both quality and nutritional value in their meat products. Furthermore, the growing trend of gourmet cooking at home, fueled by cooking shows and social media, has also spurred the demand for high-end beef.

The rising disposable income levels in emerging economies are another significant driver of the high-end beef market. As middle-class populations grow and their purchasing power increases, there is a higher propensity to spend on premium food items, including high-quality beef. This trend is particularly evident in countries such as China and India, where urbanization and changing lifestyles have led to a surge in demand for luxury food products. Additionally, the expansion of high-end restaurants and steakhouses in these regions further propels market growth.

Advancements in supply chain infrastructure and logistics have also played a crucial role in the growth of the high-end beef market. Improved cold chain systems and transportation networks ensure that premium beef products maintain their quality and freshness from farm to table. This reliability in supply has encouraged both consumers and food service providers to invest in high-end beef. Moreover, the increasing adoption of technology in meat production, such as precision farming and traceability solutions, ensures that consumers receive authentic and high-quality products.

Regionally, the high-end beef market is witnessing significant growth in Asia Pacific, driven by rising disposable incomes and a burgeoning food service industry. North America and Europe continue to be strong markets due to their established cultures of premium beef consumption and a high number of gourmet restaurants and steakhouses. Latin America, particularly Brazil and Argentina, also holds promise due to their rich traditions in beef production and consumption. The Middle East & Africa, while currently a smaller market, is anticipated to grow due to increasing investments in the food and beverage sector.

Product Type Analysis

The product type segment of the high-end beef market includes Wagyu, Angus, Hereford, Charolais, and others. Wagyu beef, originating from Japan, is renowned for its exceptional marbling, tenderness, and flavor, making it a highly sought-after variety. Its premium price point reflects its quality, and it holds a significant share of the high-end beef market. The increasing number of specialty restaurants offering Wagyu beef and the rising trend of gourmet cooking at home have fueled its demand. Additionally, the establishment of Wagyu breeding programs outside Japan, particularly in the United States and Australia, has contributed to its availability and popularity.

Angus beef, known for its superior taste and texture, is another prominent segment in the high-end beef market. Black Angus cattle, primarily raised in the United States, are prized for their consistent marbling and tenderness. The Angus breed's adaptability to various climates and its ability to produce high-quality beef consistently make it a favorite among both consumers and producers. The introduction of certified Angus beef programs has further enhanced consumer trust and demand for this premium variety.

Hereford beef, originating from the United Kingdom, is celebrated for its rich flavor and tenderness. Hereford cattle are known for their efficient feed conversion and adaptability, making them a popular choice among beef producers. The growing popularity of farm-to-table dining experiences and the emphasis on sustainably raised beef have contributed to the increasing demand for Hereford beef. Additionally, the Hereford breed's reputation for producing high-quality beef wi

The Thai beef market expanded remarkably to $1.1B in 2024, rising by 5.1% against the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Beef consumption peaked at $1.1B in 2022; afterwards, it flattened through to 2024.

The revenue of the beef market in Haiti amounted to $X in 2018, rising by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2008 when the market value increased by X% against the previous year. Over the period under review, the beef market attained its peak figure level at $X in 2014; however, from 2015 to 2018, consumption failed to regain its momentum.