Key Market Indicators
Brazilian beef consumption is expected to remain virtually unchanged in the coming years. It was estimated at around 7.8 million metric tons in 2021 and is forecast to reach 8 million metric tons by 2026. This would represent a 0% growth compared to the previous year. Since 2017, consumption has decreased by 0.3% on an annual basis. Meanwhile, Brazilian beef production is forecast to increase over the next five years. In 2021, the country was the world's leading producer, with 10.4 million metric tons. This figure is expected to reach 11 million metric tons by 2026, a 1% growth from the previous year. Since 1966, production has grown by 2.2% on an annual basis. Brazil, China, and Argentina are the top three beef producers in the world.