US - Beef Market by Distribution Channel and Type - Forecast and Analysis 2023-2027

US Beef Market Forecast 2023-2027

The US - beef market size is estimated to increase by USD 7.69 billion, growing at a CAGR of 3.12% between 2022 and 2027. The market experiences propulsion from increasing consumer inclinations and the demand, coupled with the prevalence of regional and ethnic food preferences, along with the surge of e-commerce. However, challenges arise from issues related to beef preservation, animal disease outbreaks, and escalating competition from alternative proteins, impeding market growth.

The market is experiencing substantial growth, largely driven by the increasing consumer preferences and demand for beef products. This trend has prompted significant shifts in production practices, marketing strategies, and consumer offerings across the industry landscape. Consumers are increasingly seeking specific attributes such as grass-fed and organic meat, driven by their desire for healthier and more sustainable options. Consequently, manufacturers are adapting to these preferences by implementing practices such as raising cattle on pasture-based diets and avoiding synthetic additives. This alignment with consumer demands is driving market growth as producers strive to meet the evolving needs of health-conscious consumers.

US Beef Market: Overview

To get additional information about the market, Request Free Sample

Market Segmentation

This market report extensively covers market segmentation by distribution channel (offline and online) and type (loin, brisket, shank, chuck roast, and others). It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.

By Type

The wide culinary usage will fuel the loin segment, which in turn will increase the US beef market growth during the forecast period. The loin segment is essentially expensive among beef carcasses due to its fat content and high-quality meat. This segment needs shorter cooking times and is often prepared using dry-heat cooking methods, including grilling, broiling, and pan-searing. There is an increasing adoption of this segment in upscale restaurants, and are often the centerpiece of special occasions and steakhouse menus. Factors such as wide culinary usage and tenderness are expected to fuel the growth of this segment which in turn will drive the US beef market growth during the forecast period.

The flavor and texture of the brisket segment will increase the market growth during the forecast period. Brisket is a flavorful and often affordable cut of meat that is sourced from the chest area of the cow. Briskets are mostly used for barbecue and smoked meat preparations. There is an increasing demand for briskets in the US as it is an essential part of the US barbecue culture, especially in regions such as Texas. Additionally, slices of briskets are served with sandwiches or as barbecue platters. Several factors such as flavor, texture, and servings in sandwiches and burgers are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.

By Distribution Channel

The offline segment is estimated to witness significant growth during the forecast period. The offline segment includes supermarkets, hypermarkets, specialty stores, hard discount stores, and convenience stores. Some of the prominent retailers that have dedicated sections for meat at their stores include  Tesco Plc (Tesco), Walmart Inc. (Walmart), and Target Corp. (Target). Several market players are innovating various strategies including promotional and marketing strategies, such as branding through signages and discounts, on product packages at their stores to boost sales in these offline distribution channels.

The offline segment was the largest segment and was valued at USD 36.72 billion in 2017.

For a detailed summary of the market segments Request for Sample Report

Several market players in the organized retail sector supply meat based on their geographical presence, ease of production and inventory management, and transportation of goods. Additionally, there is an increasing investment by these market players in brick-and-mortar organized retail stores to increase their regional and global shares in the market. In addition, there is increasing preference by consumers for the offline segment due to the heavy discounts offered by supermarkets and hypermarkets and the use of attractive cabinets to display varied types of meats. The increasing strategic partnership of major market players with organized retailers is expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.

The growing preference for the online segment among consumers will increase the market growth during the forecast period. The main advantage of the online segment is that it enables consumers to research websites, blogs, and social media before making a purchasing decision. The increasing shift in shopping preference is primarily led by the high penetration and geographical reach of e-retailers.  Everyday Meat, Rakuten Inc., LuLu Hypermarket, TenderCuts, Gear Patrol, and Licious Inc. Retailers such as Walmart, Costco, Alibaba Group Holding Ltd. (Alibaba Group), and Sears are some of the key e-retailers that offer the meat through online platforms. Additionally, the online segment enables manufacturers to expand their distribution networks by partnering with third-party e-retailers and raising their sales by expanding their geographic presence. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.

Market Dynamics and Customer Landscape

The market is experiencing several key drivers and trends that are shaping its trajectory. One significant driver is the increasing demand from middle-class consumers, particularly in developing nations, where rising incomes and changing dietary habits are leading to a greater appetite for meat products. Additionally, there is a growing emphasis on sustainable practices, driving interest in plant-based proteins, insect proteins, and cultured meat alternatives. Companies like Impossible Foods and Beyond Meat are capitalizing on this trend by offering innovative plant-based meat substitutes. Moreover, the market is witnessing a surge in health-conscious consumers, including vegetarians and vegans, who seek alternatives to traditional animal-sourced protein. This shift in consumer preferences is influencing producers to diversify their offerings, including halal beef options, loin cuts, and brisket, to cater to a wider range of dietary preferences and lifestyles. As cafes and eateries adapt to these changing demands, the US beef market is transforming to meet the evolving needs of consumers while addressing sustainability concerns.

Significant Market Trends 

A key factor shaping the market growth is the growing demand for grass-fed and organic beef. There is a growing awareness of health benefits among people which is fuelling the demand and consumption of organic food products, including organic meat. Consumers in the US are becoming more aware of the food they consume due to the growing number of people with health problems, including chronic diseases such as diabetes and hypertension in the region.

Moreover, there is an increasing preference for grass-fed meat due to its various value-added benefits, including better taste and high nutritional value. Hence, such benefits will positively impact the market. Therefore, it is expected to drive the market growth during the forecast period.

Major Market Challenge

Rising competition from alternative proteins is one of the key challenges hindering market growth. There is a growing popularity for alternative proteins, such as plant-based and lab-grown meat substitutes, as consumers are becoming more aware of health-conscious, environmentally aware, and open to trying new protein sources. These alternative protein options mainly cater to those consumers who are constantly seeking healthier and more sustainable choices. 

Moreover, there is an increasing consumption of these alternatives by some consumers to reduce their red meat consumption for health reasons. Additionally, these products are marketed as eco-friendly due to their lower carbon footprint and reduced land and water requirements which can attract consumers. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the market growth during the forecast period.

 

Key US Beef Market Companies Overview

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

• Key Offering - Premium Brands Holdings Corp: The company offers beef such as Double Ranch northwest beef.
• Key Offering -  Agri Beef Co: The company offers beef such as boxed beef and ground beef.
• Key Offering - Cargill Inc: The company offers beef under the brand names Four Star Beef and Miller Blue Ribbon Beef.

The US beef market report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

• Conagra Brands Inc.
• Green Vista Farm LLC
• Hilltop Angus Farm
• Hormel Foods Corp.
• JBS SA
• Marfrig Global Foods SA
• OSI Group LLC
• Perdue Farms Inc.
• Rain Crow Ranch
• Sysco Corp.
• Tyson Foods Inc.
• Verde Farms
• Greater Omaha Packing
• CTI Foods LLC
• Minerva Foods SA
• NH Foods Ltd.
• Kenosha Beef International Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

• Distribution Channel Outlook 
  • Offline
  • Online
• Type Outlook 
  • Loin
  • Brisket
  • Shank
  • Chuck roast
  • Others

Market Analyst Overview

The market is influenced by a multitude of factors, catering to the diverse preferences of global consumers. Steaks and ground cuts remain popular choices among consumers, with an increasing demand for protein-rich meat products, particularly among young consumers. Convenience foods, such as ready-to-eat meat products, are also gaining traction in the market. Meat production relies heavily on raw materials sourced from animal feed materials, with farm owners and meat processing facilities playing pivotal roles in meeting the meat demand.

Labeling meat products accurately is essential, especially regarding factors like slaughter method and cut type analysis, to cater to specific consumer preferences and dietary requirements. Additionally, considerations such as halal meat, also known as halal cuts for the Muslim population, and meat quality standards are integral to serving diverse consumer segments. The market is further influenced by disposable income levels, emerging economies, and transportation networks that facilitate the distribution of beef products across the country. With the increasing emphasis on protein intake and the growing demand for protein-rich foods, the US beef market continues to evolve to meet the dynamic needs of consumers domestically and globally.

The global beef market is a dynamic landscape influenced by various factors, including consumer preferences, dietary trends, and agricultural practices. As one of the primary sources of animal-based protein products, beef plays a significant role in meeting the protein needs of populations worldwide.

Animal-based protein products, including beef, continue to be integral components of diets across cultures and cuisines. Beef provides essential nutrients such as protein, iron, and B vitamins, contributing to overall health and nutrition. Dry aging is a traditional technique used to enhance the flavor and tenderness of beef. By allowing beef cuts to age in a controlled environment for an extended period, enzymes naturally present in the meat break down muscle fibers, resulting in a more tender and flavorful product highly sought after by discerning consumers. From succulent roasts to juicy steaks, beef offers versatility in culinary applications, making it a staple in various cuisines worldwide. The popularity of beef dishes transcends borders, with each region boasting its own unique preparation methods and flavor profiles.

Advancements in genetics have revolutionized beef production, leading to the development of breeds optimized for specific traits such as marbling, tenderness, and growth rate. Through selective breeding and genetic improvement programs, farmers and ranchers can raise cattle that meet the demands of both consumers and the market. In conclusion, the global beef market continues to evolve in response to changing consumer preferences, technological innovations, and market dynamics. As demand for protein-rich foods persists, beef remains a key player in meeting the nutritional needs of a growing global population. Whether dry-aged or sourced from specialized breeds, beef continues to captivate taste buds and drive the culinary industry forward.

In the realm of agriculture, efficiency, and sustainability have become the focal points of innovation. With the support of governments like the Australian government, technological advancements such as automated irrigation systems are reshaping the landscape of farming practices. Let's explore how these systems, along with other key components, are transforming the agricultural sector. The global irrigation automation market is witnessing significant growth, driven by the demand for efficient water management solutions. With the advent of auto drip irrigation systems and auto irrigation systems, farmers can now optimize water usage while ensuring optimal plant health.

Micro Irrigation Scheme: Particularly relevant in regions facing water scarcity, micro-irrigation schemes play a crucial role in conserving water resources. These systems, including surface irrigation techniques, enable precise water delivery to crops, reducing wastage and maximizing efficiency. Through Real-time and Volume-based Automation, farmers can adjust watering schedules based on specific requirements. Integrated sensors monitor soil conditions and water levels, providing data-driven insights for precise irrigation management.

SWOT Analysis and Future Outlook reveal the strengths, weaknesses, opportunities, and threats associated with automated irrigation systems. While these systems offer significant benefits in terms of water conservation and crop yield optimization, challenges such as high initial costs and technical complexity remain. The benefits of automated irrigation systems extend beyond agriculture. Automatic watering systems find applications in landscaping, horticulture, and urban green spaces, contributing to sustainable water management practices. In the face of escalating water crises, the adoption of automated irrigation technologies becomes imperative. Governments and organizations worldwide are emphasizing groundwater management and promoting the use of certified systems like those with Water Sense Certification to address water scarcity challenges.

Innovative Solutions are introduced by Companies like Net Irrigate and Rain Bird are at the forefront of cutting-edge solutions such as the Pro-Spray PRS Spray Sprinkler. The Rain Bird Resources app is empowering farmers with tools for efficient irrigation management. In conclusion, as the world grapples with the dual challenges of feeding a growing population and conserving finite water resources, automated irrigation systems emerge as a beacon of hope for sustainable agriculture. Through continued innovation, collaboration, and investment, the agricultural sector can harness the full potential of automation to ensure food security and environmental stewardship for generations to come.

US Beef Market Scope
Report Coverage	Details
Page number	131
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 3.12%
Market growth 2023-2027	USD 7.69 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	2.77
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Premium Brands Holdings Corp., Agri Beef Co., Cargill Inc., Conagra Brands Inc., Green Vista Farm LLC, Hilltop Angus Farm, Hormel Foods Corp., JBS SA, Marfrig Global Foods SA, OSI Group LLC, Perdue Farms Inc., Rain Crow Ranch, Sysco Corp., Tyson Foods Inc., Verde Farms, Greater Omaha Packing, CTI Foods LLC, Minerva Foods SA, NH Foods Ltd., and Kenosha Beef International Ltd.
Market dynamics	Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

BUY NOW Full Report and Discover more

What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market across the US
• Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch