The global beef and veal market exhibits diverse dynamics. In 2023, Japan led with a small growth of 0.16%, followed by Canada and the U.S. with increases of 0.4% and 0.28%, respectively. Australia showed notable strength at 1.95%. Conversely, South Africa declined by 1.6%, while Egypt and Russia saw decreases of 0.49% and 0.61%. Among emerging markets, China's growth was significant at 1.62%, highlighting its increasing demand. Over the past five years, varied CAGRs indicate both mature competition in developed nations and potential in developing regions.
Future trends to monitor include:
- Impact of geopolitical tensions on Russia and Ukraine's production capabilities.
- China's increasing consumption potentially driving further share gains.
- Environmental regulations shaping the industry's operational future.
- Technological advancements in sustainable beef production.
Top countries in Beef and Veal Meat Weights Share by Country (Thousand Metric Tons (Carcass Weight Equivalent))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 8.33 | 2023 | +0.24% | +0.16% | View data |
| 2 | 2 Canada | 6.85 | 2023 | -1.66% | +0.4% | View data |
| 3 | 3 United States | 6.78 | 2023 | -0.41% | +0.28% | View data |
| 4 | 4 South Korea | 5.99 | 2023 | +0.22% | +0.22% | View data |
| 5 | 5 Mexico | 5.9 | 2023 | -0.031% | +0.037% | View data |
| 6 | 6 Australia | 5.6 | 2023 | -0.75% | +1.95% | View data |
| 7 | 7 South Africa | 5.26 | 2023 | -0.52% | -1.6% | View data |
| 8 | 8 Uruguay | 4.68 | 2023 | -1.01% | +0.26% | View data |
| 9 | 9 Belarus | 4.53 | 2023 | -2.38% | +2.49% | View data |
| 10 | 10 Brazil | 4.52 | 2023 | +0.24% | +0.76% | View data |
