Key Market Indicators
Global beef consumption is predicted to reach 23,000 metric tons by 2026, a 1.6% yearly increase from the 21,000 metric tons consumed in 2021. Demand has remained steady since 2017. Meanwhile, beef production is set to increase 1.1% each year on average, from 6,390 metric tons in 2021 to 6,820 metric tons by 2026. Since 1966, supply has grown 0.7% annually. Brazil, China, and Argentina ranked second, third, and fourth, respectively, in terms of production.
