In 2024, China's forecasted veal and beef production at farm gate stood at 78.28 billion USD, representing a substantial increase over the past five years with a notable year-on-year increase of 10% in 2023. The United States, while being the second-largest producer at 50.01 billion USD, witnessed a slight decline of 0.85% in 2023. Brazil's production continues to rise modestly by 1.48%, reaching 24.11 billion USD. Canada's production also grew by 2.18%, amounting to 6.28 billion USD. India faced a slight decrease of 0.5%, with its production at 4.06 billion USD. Indonesia's production experienced a 1.55% growth, standing at 3.49 billion USD. South Africa showed a more pronounced decline of 2.71%, producing 3.12 billion USD. Switzerland, with a modest production of 1.43 billion USD, marked a 2.42% increase. Ukraine, with 0.68 billion USD, and Norway, with nearly 0.49 billion USD, both experienced declines of 0.96% and 2.91%, respectively. The Philippines, increasing by 3.63%, reached 0.63 billion USD. Israel saw a significant increase of 6.51%, reaching close to 0.49 billion USD.
Future trends to watch in global veal and beef production at the farm gate include potential increases in production efficiency, climate change impacts, and evolving consumer preferences towards sustainable meat sources. Monitoring technological advancements in farming and shifts in global trade policies will also be critical for anticipating future industry trends.
Top countries in Veal and Beef Production at Farm Gate by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 78,280 | 2023 | +8.14% | +10% | View data |
| 2 | 2 United States | 50,010 | 2023 | +0.7% | -0.85% | View data |
| 3 | 3 Brazil | 24,110 | 2023 | +1.46% | +1.48% | View data |
| 4 | 4 Canada | 6,280 | 2023 | +1.31% | +2.18% | View data |
| 5 | 5 India | 4,060 | 2023 | -0.36% | -0.5% | View data |
| 6 | 6 Indonesia | 3,490 | 2023 | +2.02% | +1.55% | View data |
| 7 | 7 South Africa | 3,120 | 2023 | +1.63% | -2.71% | View data |
| 8 | 8 Switzerland | 1,430 | 2023 | +0.53% | +2.42% | View data |
| 9 | 9 Ukraine | 678.99 | 2023 | -0.66% | -0.96% | View data |
| 10 | 10 Philippines | 634.04 | 2023 | +1.08% | +3.63% | View data |
