In 2024, China leads global veal and beef production at farm gate with 59.98 billion euros, showing a robust year-on-year growth of 7.8% in 2023. India follows at 4.01 billion euros with a moderate increase of 2.58%. Switzerland ranks third at 1.26 billion euros, growing by 3.28%. Ukraine and Chile, with 0.71239 and 0.55045 billion euros respectively, show more modest growth. Ukraine increased by 1.43%, while Chile saw a slight decline of 0.9%. Israel marked significant growth at 0.43201 billion euros, up by 7.24%. Iceland, contributing the smallest share at 0.02183 billion euros, decreased by 1.49%.
The Compound Annual Growth Rate (CAGR) over the past five years indicates varied trends among these countries, emphasizing the dynamic nature of veal and beef production globally. Despite fluctuations, China continues to dominate the market significantly due to its large-scale operations and increasing domestic demand. Conversely, countries like Iceland face challenges maintaining their production levels.
Future trends to watch include sustainability in production methods, changes in domestic consumption patterns, trade policies affecting export and import, and advances in livestock technology. Emerging markets and shifts in consumer preferences towards alternative proteins may also impact global veal and beef production.
Top countries in Veal and Beef Production at Farm Gate by Country
| # | 7 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 59,980 | 2023 | +3.98% | +7.8% | View data |
| 2 | 2 India | 4,010 | 2023 | +3.34% | +2.58% | View data |
| 3 | 3 Switzerland | 1,260 | 2023 | +0.58% | +3.28% | View data |
| 4 | 4 Ukraine | 712.39 | 2023 | +2.24% | +1.43% | View data |
| 5 | 5 Chile | 550.45 | 2023 | -0.0056% | -0.9% | View data |
| 6 | 6 Israel | 432.01 | 2023 | +2.56% | +7.24% | View data |
| 7 | 7 Iceland | 21.83 | 2023 | +5.79% | -1.49% | View data |
