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.

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.

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

All uncooked ground beef regardless of fat content, primal source (chuck, round, sirloin, etc.), or packaging. Includes organic and non-organic."

This timeline depicts the retail price of ground chuck (100 percent beef) in the United States from 1995 to 2024. In 2024, the U.S. price for one pound of ground chuck amounted to **** U.S. dollars.

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 risen 0.20%, and is up 30.43% 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 August of 2025.

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.

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.

100% ground chuck beef, regardless of fat content. Includes organic, non-organic, fresh, and frozen. Excludes pre-formed patties."

The total beef production in the United States is estimated to be 26.96 billion pounds in 2023, down from 28.29 billion pounds in the previous year. Over the last two decades, the total U.S. beef production has fluctuated slightly but remained stable overall.

Beef retail in the United States Beef has the highest retail sales of any fresh meat in the United States, as of 2021. In that year, over 30 billion U.S. dollars worth of fresh beef were sold in the United States. The retail price for 100 percent ground beef in the United States was 4.8 U.S. dollars per pound in 2022, up from 3.95 U.S. dollars in 2020. Beef brisket, on the other hand, was priced on average around 8.84 U.S. dollars per pound in major grocery retailers.

U.S. beef consumption The United States consumes more beef than any other country in the world. Consumption of beef amounted to around 59 pounds per capita on an annual basis. This was projected to decrease slowly until 2032.

United States - Average Price: Ground Beef, 100% Beef (Cost per Pound/453.6 Grams) in the West Census Region - Urban was 6.67700 Index in May of 2025, according to the United States Federal Reserve. Historically, United States - Average Price: Ground Beef, 100% Beef (Cost per Pound/453.6 Grams) in the West Census Region - Urban reached a record high of 6.75800 in September of 2024 and a record low of 1.03300 in June of 1986. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Average Price: Ground Beef, 100% Beef (Cost per Pound/453.6 Grams) in the West Census Region - Urban - last updated from the United States Federal Reserve on July of 2025.

Any ground beef that is lean or extra lean, regardless of packaging. Includes organic, non-organic, fresh, and frozen."

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.

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 average value of retail and wholesale beef in the United States from 2006 to 2024. In 2024, the average value of wholesale beef was 468 U.S. cents per pound of retail equivalent.

Current price of Beef Ground Beef 81%. Daily U.S. Boxed Beef prices per pound, based on negotiated prices and volume of boxed beef cuts delivered within 0-21 days and on average industry cutting yields.

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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

In 2024, the U.S. price for a pound of sirloin steak amounted to just under ***** U.S. dollars. That year, the retail price of boneless sirloin steak was slightly lower than previous years. Before the 2000s, the price per pound remained between **** and **** U.S. dollars. U.S. beef production In 2022, the United States was the leading beef and veal producing country in the world, producing around ***** million metric tons of beef and veal. The entire European Union produced a total of about **** million metric tons within the same period. The United States has many cows for the production of beef and milk: in 2022, the country counted almost ** million beef cows and just under ** million milk cows. Beef cuts In 2022, roughly 40 percent of all U.S. beef sales were generated through fresh ground beef specifically, making it the largest cut category. Other popular cuts included loin, ribeye, and chuck. Approximately *** percent of all beef sales in the United States were accounted for by sirloin beef that year.

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.