Grass-finished Beef Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 7.4% from 2024 to 2030.
Looking ahead, the demand for grass-finished beef from 2023 to 2033 is projected to accelerate significantly. The market is expected to grow from USD 12.4 billion in 2023 to USD 20.4 billion by 2033, representing a CAGR of 5% over the forecast period. This anticipated surge is attributed to several key trends:
Health and Nutrition: An increasing number of consumers are prioritizing diets that emphasize natural and nutrient-rich foods. Grass-finished beef, known for its higher levels of beneficial nutrients and lower fat content, aligns well with these dietary preferences.
Sustainability and Animal Welfare: Growing awareness of environmental issues and ethical farming practices is driving consumers toward products that support sustainable agriculture and humane animal treatment. Grass-finished beef production often meets these criteria, enhancing its appeal.
Culinary Quality: Many chefs and food enthusiasts prefer the distinct flavor profile of grass-finished beef, which is often described as more robust and earthy compared to grain-fed beef. This preference is contributing to its increased presence in restaurants and gourmet markets.
Transparent Labeling and Marketing: Producers are increasingly adopting clear labeling practices, providing consumers with information about the origin and farming methods of their beef products. This transparency builds trust and encourages informed purchasing decisions.
However, it's important to note potential challenges. Grass-finished cattle require more land and time to reach market weight compared to grain-fed cattle, which can lead to higher production costs. Additionally, environmental concerns have been raised, as grass-finished cattle may require approximately nine acres of land for grazing—three times more than conventional beef cattle—and consume 35% more water and 30% more land compared to their grain-fed counterparts. Producing one pound of grass-finished beef also generates 500% more greenhouse gases than conventional beef. Balancing these factors will be crucial for sustainable growth in the sector.
In my personal experience, I've noticed a significant increase in the availability of grass-finished beef in local markets and restaurants. Conversations with fellow consumers reveal a growing appreciation for the health benefits and ethical considerations associated with grass-finished beef. This anecdotal evidence aligns with the broader market trends and suggests a promising future for the grass-finished beef industry.
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Between 2018 and 2022, the grass-finished beef market experienced a steady growth trajectory, driven by increasing consumer awareness of health benefits and sustainable farming practices. In 2018, the market was valued at approximately USD 10.6 billion, and by 2022, it had reached USD 11.9 billion, reflecting a compound annual growth rate (CAGR) of 2.9% during this period.
Several factors contributed to this growth. Consumers became more health-conscious, seeking beef products rich in omega-3 fatty acids and antioxidants, which are more prevalent in grass-finished beef compared to grain-fed alternatives. Additionally, concerns over animal welfare and environmental sustainability led many to prefer grass-finished options, as these practices often involve more humane and eco-friendly farming methods.
Conagra Brands
Verde Farm
Hormel Foods
JBS
Sysco Corporation
OBE Organic
Strauss Brands
Arizona Grass Raised Beef
Top Grass Cattle Co
Morris Grassfed Beef
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Grass-finished Beef Market
Retails
Food Services
Others
Based on Types the Market is categorized into Below types that held the largest Grass-finished Beef market share In 2023.
Fresh Grass-finished Beef
Processed Grass-finished Beef
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Grass-finished Beef Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Grass-finished Beef Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Grass-finished Beef Market, By Type
6. Global Grass-finished Beef Market, By Application
7. Global Grass-finished Beef Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Grass-finished Beef Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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