In 2023, US beef exports stood at 3.36 billion pounds, reflecting an upward trend. From 2024 onwards, forecasts project a steady increase in exports, reaching 3.7 billion pounds by 2028. This represents a year-on-year rise of approximately 2% to 2.1%, while the compound annual growth rate (CAGR) across the five-year forecast period is projected to be around 1.9%.
Future trends to watch for include:
- Changes in global demand for beef, especially from emerging markets.
- The impact of trade agreements and tariffs on beef exports.
- Sustainability practices and regulatory changes in beef production.
- Competitive pressures from other protein sources like poultry and plant-based products.