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Beef Market in the US 2024-2028

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    Report

  • 134 Pages
  • July 2024
  • Region: United States
  • TechNavio
  • ID: 5879430
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The beef market in US is forecasted to grow by USD 8.1 billion during 2023-2028, accelerating at a CAGR of 3.2% during the forecast period. The report on the beef market in US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising consumer preferences and demand for beef, presence of regional and ethnic food preferences, and rise of e-commerce.

The beef market in US is segmented as below:

By Distribution Channel

  • Offline
  • Online

By Type

  • Loin
  • Brisket
  • Shank
  • Others

By Geographical Landscape

  • North America
This study identifies the increasing innovations such as cell-cultured beef as one of the prime reasons driving the beef market in US growth during the next few years. Also, growing demand for grass-fed and organic beef and advancements in breeding techniques will lead to sizable demand in the market.

The report on the beef market in US covers the following areas:

  • Beef market in US sizing
  • Beef market in US forecast
  • Beef market in US industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading beef market in US vendors that include Agri Beef Co., Cargill Inc., Conagra Brands Inc., CTI Foods LLC, Greater Omaha Packing, Green Vista Farm LLC, Hilltop Angus Farm, Hormel Foods Corp., JBS SA, Kenosha Beef International Ltd., Marfrig Global Foods SA, Minerva Foods SA, NH Foods Ltd., OSI Group LLC, Perdue Farms Inc., Premium Brands Holdings Corp., Rain Crow Ranch, Sysco Corp., Tyson Foods Inc., and Verde Farms. Also, the beef market in US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Distribution Channel
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ billion)
Data Table on US - Market size and forecast 2023-2028 ($ billion)
Chart on US: Year-over-year growth 2023-2028 (%)
Data Table on US: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Beef Market in US 2018 - 2022
Historic Market Size - Data Table on Beef Market in US 2018 - 2022 ($ billion)
4.2 Distribution Channel segment analysis 2018 - 2022
Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ billion)
4.3 Type segment analysis 2018 - 2022
Historic Market Size - Type Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Distribution Channel
6.1 Market segments
Chart on Distribution Channel - Market share 2023-2028 (%)
Data Table on Distribution Channel - Market share 2023-2028 (%)
6.2 Comparison by Distribution Channel
Chart on Comparison by Distribution Channel
Data Table on Comparison by Distribution Channel
6.3 Offline - Market size and forecast 2023-2028
Chart on Offline - Market size and forecast 2023-2028 ($ billion)
Data Table on Offline - Market size and forecast 2023-2028 ($ billion)
Chart on Offline - Year-over-year growth 2023-2028 (%)
Data Table on Offline - Year-over-year growth 2023-2028 (%)
6.4 Online - Market size and forecast 2023-2028
Chart on Online - Market size and forecast 2023-2028 ($ billion)
Data Table on Online - Market size and forecast 2023-2028 ($ billion)
Chart on Online - Year-over-year growth 2023-2028 (%)
Data Table on Online - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Distribution Channel
Market opportunity by Distribution Channel ($ billion)
Data Table on Market opportunity by Distribution Channel ($ billion)
7 Market Segmentation by Type
7.1 Market segments
Chart on Type - Market share 2023-2028 (%)
Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
7.3 Loin - Market size and forecast 2023-2028
Chart on Loin - Market size and forecast 2023-2028 ($ billion)
Data Table on Loin - Market size and forecast 2023-2028 ($ billion)
Chart on Loin - Year-over-year growth 2023-2028 (%)
Data Table on Loin - Year-over-year growth 2023-2028 (%)
7.4 Brisket - Market size and forecast 2023-2028
Chart on Brisket - Market size and forecast 2023-2028 ($ billion)
Data Table on Brisket - Market size and forecast 2023-2028 ($ billion)
Chart on Brisket - Year-over-year growth 2023-2028 (%)
Data Table on Brisket - Year-over-year growth 2023-2028 (%)
7.5 Shank - Market size and forecast 2023-2028
Chart on Shank - Market size and forecast 2023-2028 ($ billion)
Data Table on Shank - Market size and forecast 2023-2028 ($ billion)
Chart on Shank - Year-over-year growth 2023-2028 (%)
Data Table on Shank - Year-over-year growth 2023-2028 (%)
7.6 Others - Market size and forecast 2023-2028
Chart on Others - Market size and forecast 2023-2028 ($ billion)
Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Chart on Others - Year-over-year growth 2023-2028 (%)
Data Table on Others - Year-over-year growth 2023-2028 (%)
7.7 Market opportunity by Type
Market opportunity by Type ($ billion)
Data Table on Market opportunity by Type ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 Agri Beef Co.
Agri Beef Co. - Overview
Agri Beef Co. - Product / Service
Agri Beef Co. - Key offerings
11.4 Cargill Inc.
Cargill Inc. - Overview
Cargill Inc. - Product / Service
Cargill Inc. - Key news
Cargill Inc. - Key offerings
11.5 Conagra Brands Inc.
Conagra Brands Inc. - Overview
Conagra Brands Inc. - Business segments
Conagra Brands Inc. - Key news
Conagra Brands Inc. - Key offerings
Conagra Brands Inc. - Segment focus
11.6 Green Vista Farm LLC
Green Vista Farm LLC - Overview
Green Vista Farm LLC - Product / Service
Green Vista Farm LLC - Key offerings
11.7 Hilltop Angus Farm
Hilltop Angus Farm - Overview
Hilltop Angus Farm - Product / Service
Hilltop Angus Farm - Key offerings
11.8 Hormel Foods Corp.
Hormel Foods Corp. - Overview
Hormel Foods Corp. - Business segments
Hormel Foods Corp. - Key news
Hormel Foods Corp. - Key offerings
Hormel Foods Corp. - Segment focus
11.9 JBS SA
JBS SA - Overview
JBS SA - Key offerings
11.10 Marfrig Global Foods SA
Marfrig Global Foods SA - Overview
Marfrig Global Foods SA - Product / Service
Marfrig Global Foods SA - Key offerings
11.11 OSI Group LLC
OSI Group LLC - Overview
OSI Group LLC - Product / Service
OSI Group LLC - Key news
OSI Group LLC - Key offerings
11.12 Perdue Farms Inc.
Perdue Farms Inc. - Overview
Perdue Farms Inc. - Product / Service
Perdue Farms Inc. - Key offerings
11.13 Premium Brands Holdings Corp.
Premium Brands Holdings Corp. - Overview
Premium Brands Holdings Corp. - Business segments
Premium Brands Holdings Corp. - Key news
Premium Brands Holdings Corp. - Key offerings
Premium Brands Holdings Corp. - Segment focus
11.14 Rain Crow Ranch
Rain Crow Ranch - Overview
Rain Crow Ranch - Product / Service
Rain Crow Ranch - Key offerings
11.15 Sysco Corp.
Sysco Corp. - Overview
Sysco Corp. - Business segments
Sysco Corp. - Key offerings
Sysco Corp. - Segment focus
11.16 Tyson Foods Inc.
Tyson Foods Inc. - Overview
Tyson Foods Inc. - Business segments
Tyson Foods Inc. - Key news
Tyson Foods Inc. - Key offerings
Tyson Foods Inc. - Segment focus
11.17 Verde Farms
Verde Farms - Overview
Verde Farms - Product / Service
Verde Farms - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
12.9 360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibits 5: Executive Summary - Chart on Market Segmentation by Type
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Parent Market
Exhibits 8: Data Table on - Parent Market
Exhibits 9: Market characteristics analysis
Exhibits 10: Value Chain Analysis
Exhibits 11: Offerings of companies included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibits 14: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibits 15: Chart on US: Year-over-year growth 2023-2028 (%)
Exhibits 16: Data Table on US: Year-over-year growth 2023-2028 (%)
Exhibits 17: Historic Market Size - Data Table on Beef Market in US 2018 - 2022 ($ billion)
Exhibits 18: Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ billion)
Exhibits 19: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
Exhibits 20: Five forces analysis - Comparison between 2023 and 2028
Exhibits 21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 26: Chart on Market condition - Five forces 2023 and 2028
Exhibits 27: Chart on Distribution Channel - Market share 2023-2028 (%)
Exhibits 28: Data Table on Distribution Channel - Market share 2023-2028 (%)
Exhibits 29: Chart on Comparison by Distribution Channel
Exhibits 30: Data Table on Comparison by Distribution Channel
Exhibits 31: Chart on Offline - Market size and forecast 2023-2028 ($ billion)
Exhibits 32: Data Table on Offline - Market size and forecast 2023-2028 ($ billion)
Exhibits 33: Chart on Offline - Year-over-year growth 2023-2028 (%)
Exhibits 34: Data Table on Offline - Year-over-year growth 2023-2028 (%)
Exhibits 35: Chart on Online - Market size and forecast 2023-2028 ($ billion)
Exhibits 36: Data Table on Online - Market size and forecast 2023-2028 ($ billion)
Exhibits 37: Chart on Online - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on Online - Year-over-year growth 2023-2028 (%)
Exhibits 39: Market opportunity by Distribution Channel ($ billion)
Exhibits 40: Data Table on Market opportunity by Distribution Channel ($ billion)
Exhibits 41: Chart on Type - Market share 2023-2028 (%)
Exhibits 42: Data Table on Type - Market share 2023-2028 (%)
Exhibits 43: Chart on Comparison by Type
Exhibits 44: Data Table on Comparison by Type
Exhibits 45: Chart on Loin - Market size and forecast 2023-2028 ($ billion)
Exhibits 46: Data Table on Loin - Market size and forecast 2023-2028 ($ billion)
Exhibits 47: Chart on Loin - Year-over-year growth 2023-2028 (%)
Exhibits 48: Data Table on Loin - Year-over-year growth 2023-2028 (%)
Exhibits 49: Chart on Brisket - Market size and forecast 2023-2028 ($ billion)
Exhibits 50: Data Table on Brisket - Market size and forecast 2023-2028 ($ billion)
Exhibits 51: Chart on Brisket - Year-over-year growth 2023-2028 (%)
Exhibits 52: Data Table on Brisket - Year-over-year growth 2023-2028 (%)
Exhibits 53: Chart on Shank - Market size and forecast 2023-2028 ($ billion)
Exhibits 54: Data Table on Shank - Market size and forecast 2023-2028 ($ billion)
Exhibits 55: Chart on Shank - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on Shank - Year-over-year growth 2023-2028 (%)
Exhibits 57: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibits 58: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibits 59: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 60: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 61: Market opportunity by Type ($ billion)
Exhibits 62: Data Table on Market opportunity by Type ($ billion)
Exhibits 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 64: Impact of drivers and challenges in 2023 and 2028
Exhibits 65: Overview on criticality of inputs and factors of differentiation
Exhibits 66: Overview on factors of disruption
Exhibits 67: Impact of key risks on business
Exhibits 68: Companies covered
Exhibits 69: Matrix on companies position and classification
Exhibits 70: Agri Beef Co. - Overview
Exhibits 71: Agri Beef Co. - Product / Service
Exhibits 72: Agri Beef Co. - Key offerings
Exhibits 73: Cargill Inc. - Overview
Exhibits 74: Cargill Inc. - Product / Service
Exhibits 75: Cargill Inc. - Key news
Exhibits 76: Cargill Inc. - Key offerings
Exhibits 77: Conagra Brands Inc. - Overview
Exhibits 78: Conagra Brands Inc. - Business segments
Exhibits 79: Conagra Brands Inc. - Key news
Exhibits 80: Conagra Brands Inc. - Key offerings
Exhibits 81: Conagra Brands Inc. - Segment focus
Exhibits 82: Green Vista Farm LLC - Overview
Exhibits 83: Green Vista Farm LLC - Product / Service
Exhibits 84: Green Vista Farm LLC - Key offerings
Exhibits 85: Hilltop Angus Farm - Overview
Exhibits 86: Hilltop Angus Farm - Product / Service
Exhibits 87: Hilltop Angus Farm - Key offerings
Exhibits 88: Hormel Foods Corp. - Overview
Exhibits 89: Hormel Foods Corp. - Business segments
Exhibits 90: Hormel Foods Corp. - Key news
Exhibits 91: Hormel Foods Corp. - Key offerings
Exhibits 92: Hormel Foods Corp. - Segment focus
Exhibits 93: JBS SA - Overview
Exhibits 94: JBS SA - Key offerings
Exhibits 95: Marfrig Global Foods SA - Overview
Exhibits 96: Marfrig Global Foods SA - Product / Service
Exhibits 97: Marfrig Global Foods SA - Key offerings
Exhibits 98: OSI Group LLC - Overview
Exhibits 99: OSI Group LLC - Product / Service
Exhibits 100: OSI Group LLC - Key news
Exhibits 101: OSI Group LLC - Key offerings
Exhibits 102: Perdue Farms Inc. - Overview
Exhibits 103: Perdue Farms Inc. - Product / Service
Exhibits 104: Perdue Farms Inc. - Key offerings
Exhibits 105: Premium Brands Holdings Corp. - Overview
Exhibits 106: Premium Brands Holdings Corp. - Business segments
Exhibits 107: Premium Brands Holdings Corp. - Key news
Exhibits 108: Premium Brands Holdings Corp. - Key offerings
Exhibits 109: Premium Brands Holdings Corp. - Segment focus
Exhibits 110: Rain Crow Ranch - Overview
Exhibits 111: Rain Crow Ranch - Product / Service
Exhibits 112: Rain Crow Ranch - Key offerings
Exhibits 113: Sysco Corp. - Overview
Exhibits 114: Sysco Corp. - Business segments
Exhibits 115: Sysco Corp. - Key offerings
Exhibits 116: Sysco Corp. - Segment focus
Exhibits 117: Tyson Foods Inc. - Overview
Exhibits 118: Tyson Foods Inc. - Business segments
Exhibits 119: Tyson Foods Inc. - Key news
Exhibits 120: Tyson Foods Inc. - Key offerings
Exhibits 121: Tyson Foods Inc. - Segment focus
Exhibits 122: Verde Farms - Overview
Exhibits 123: Verde Farms - Product / Service
Exhibits 124: Verde Farms - Key offerings
Exhibits 125: Inclusions checklist
Exhibits 126: Exclusions checklist
Exhibits 127: Currency conversion rates for US$
Exhibits 128: Research methodology
Exhibits 129: Information sources
Exhibits 130: Data validation
Exhibits 131: Validation techniques employed for market sizing
Exhibits 132: Data synthesis
Exhibits 133: 360 degree market analysis
Exhibits 134: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the beef market in US: Agri Beef Co., Cargill Inc., Conagra Brands Inc., CTI Foods LLC, Greater Omaha Packing, Green Vista Farm LLC, Hilltop Angus Farm, Hormel Foods Corp., JBS SA, Kenosha Beef International Ltd., Marfrig Global Foods SA, Minerva Foods SA, NH Foods Ltd., OSI Group LLC, Perdue Farms Inc., Premium Brands Holdings Corp., Rain Crow Ranch, Sysco Corp., Tyson Foods Inc., and Verde Farms.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing innovations such as cell-cultured beef."

According to the report, one of the major drivers for this market is the rising consumer preferences and demand for beef.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

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