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What is the projected trend of global beef consumption?

CN flag
Market outlook
Sep 14, 2021
Edited By
Jinwoo Cheon
Sep 14, 2021
Edited By
Jinwoo Cheon

Global beef consumption is forecasted to grow at an average rate of 1.1% rate a year out to 2023. Relative to 2019, global beef consumption is expected to grow by 3.3 MT by 2023. Asian countries are projected to have a continuously increasing beef consumption, followed by Latin America, North America, Africa, and Oceania. Population and income growth support the growing trend of consumption.



Source: 
Global Snapshot | Beef
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