The global beef market expected to reach $421.6 billion in 2028

Published 2023년 2월 24일

Tridge summary

The global beef market is expected to grow to $421.6 billion by 2028 due to increasing populations and income levels in developing countries, despite challenges such as animal welfare, environmental impact, and health risks. The United States, Brazil, China, the European Union, India, Argentina, Mexico, Russia, Japan, the United Kingdom, Canada, and others are the largest beef consumers. China is the world's largest beef importer, followed by the United States, Japan, and South Korea. The United States is the largest beef exporter, with Brazil, Australia, and the United States being the largest exporters. The growth in global beef exports is due to increasing demand, improved production methods, and advancements in transportation and logistics.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to a recent report, Reportlinker.com expects the global beef market to reach $421.6 billion in 2028. Increased demand is driven by rising populations and income levels, particularly in developing countries, according to the report.The report found that the industry is also faced with challenges, such as concerns over animal welfare, environmental impact, and health risks. Trade disputes, food safety regulations, and supply chain disruptions continue to significantly impact the industry. The beef industry invests in marketing and advertising to promote beef consumption. The global beef industry was valued at US$ 332.28 billion in 2022.USA was the largest consumer of beef worldwide According to the report, the United States was historically one of the largest consumers of beef meat globally. Americans have a long history of consuming beef, and it remains a staple of the country’s diet. The United States was the largest beef consumer in the world, followed by Brazil, China, ...

Source: The Cattle Site