Rabobank projects sustained growth until 2030 for the beef market

The global beef trade will experience sustained growth until 2030, driven by Asian demand and the strategic expansion of exports by South American countries, according to a RaboResearch report this week. The beef trade is poised for sustained growth over the next five years "despite ongoing market volatility," the report indicates. Countries such as Vietnam, China, Malaysia, and the Philippines are experiencing strong growth in per capita consumption, leading to a greater reliance on imported beef. South American countries, particularly Brazil, are expected to meet this demand through improvements in productivity and better management practices. Over the past five years, the global beef trade has seen a notable increase, with exports rising by 14% from 2019 to reach nearly 13 million tons in 2024. "Brazilian beef exports skyrocketed, rising from 2.3 million tons in 2019 to 3.6 million tons in 2024, driven largely by the growing demand from the Chinese market," which buys half of ...