![Global Beef and Veal Market](https://res.cloudinary.com/devmoveo/image/upload/v1706192321/skyquest/report/phpDbLcxD.jpg)
Report ID: SQSG30I2010
Report ID:
SQSG30I2010 |
Region:
Global |
Published Date: July, 2001
Pages:
165
|
Tables:
64 |
Figures:
79
Beef And Veal Market size was valued at USD 928.45 billion in 2019 and is poised to grow from USD 991.58 billion in 2023 to USD 1792.55 billion by 2031, growing at a CAGR of 6.80% in the forecast period (2024-2031).
Global meat production has increased by 59% over a decade and is expected to grow due to increasing population and meat consumption. Argentina and the US are the leading consumers of beef and veal globally with the consumption of 36.85 kg/capita annually and 26.08 kg/capita annually respectively. The global beef and veal consumption stood at 71.45 million metric tons in the year 2021 and is expected to grow to 77 million metric tons in the year 2030 of which the US held the largest share with 12.40 million metric tons in 2019 followed by China with 8.60 million metric tons and Brazil with 7.42 million metric tons.
According to USDA data on agricultural imports 2022, the US imports more beef and veal than it exports and Canada is the largest supplier accounting for 27% of the total imports followed by Australia and Mexico which stood at 24% and 22.1% of the total volumes. Hence, the growing demand for meat is driving the global beef and veal market growth during the analysis period. Moreover, the increase in number of fitness enthusiasts is likely to propel the demand for meat items at a larger scale.
US Beef And Veal Market is poised to grow at a sustainable CAGR for the next forecast year.
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REQUEST FREE CUSTOMIZATIONBeef And Veal Market size was valued at USD 928.45 billion in 2019 and is poised to grow from USD 991.58 billion in 2023 to USD 1792.55 billion by 2031, growing at a CAGR of 6.80% in the forecast period (2024-2031).
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Report ID: SQSG30I2010