US Beef market to grow by USD 7.69 billion between 2022 to 2027, market is segmented by Distribution Channel and Type

NEW YORK, Oct. 12, 2023 /PRNewswire/ — The beef market in US size is expected to grow by USD 7.69 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 3.12% during the forecast period. Rising consumer preferences and demand for beef are notably driving the beef market. However, factors such as challenges associated with beef preservation may impede market growth. The market is segmented by distribution channel (offline and online) and type (loin, brisket, shank, chuck roast, and others). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The FREE sample report is available in PDF format

Key Segment Analysis

The offline segment is estimated to witness significant growth during the forecast period. The offline segment includes supermarkets, hypermarkets, specialty stores, discount stores, and convenience stores. Several market players in the organized retail sector offer beef based on geographical presence, ease of production and inventory management, and transportation of goods. Furthermore, these market players are increasingly investing in organized retail stores to increase their regional and global market share. Also, consumers are increasingly favoring the offline segment due to deep discounts by supermarkets and hypermarkets as well as the use of attractive display cases to display different types of meat. Growing strategic partnerships of major market players with organized retailers are expected to fuel the growth of the offline segment which, in turn, will boost the growth of the US beef market during the forecast period.

To know additional highlights and key points on various market segments and their impact in coming years, View the FREE PDF Sample Report.

Company Insights

The beef market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market companies, including:

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.

View the FREE PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.

Related Reports:

The Wagyu Beef Market size is projected to increase by USD 3,598.98 million and the market size is estimated to grow at a CAGR of 7.04% between 2022 and 2027.

The beef market size is expected to increase by USD 43.05 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 3.82%.

Beef Market Scope
Report Coverage	Details
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 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.

Table of Contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Distribution Channel

7 Market Segmentation by Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Company Analysis

13 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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