World - Prepared Or Preserved Meat Or Offal Of Bovine Animals - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Cows Meat Market
The article delves into the global market for prepared or preserved meat or offal of bovine animals, highlighting the expected growth trends from 2022 to 2030. It covers data on consumption, production, imports, and exports, with key insights into volume, value, and the top countries involved in the market. The analysis reveals fluctuations in trends over the decade, with notable growth rates in certain regions. The article provides a comprehensive overview of the market dynamics and future projections.
Market Forecast
Driven by increasing demand for prepared or preserved meat or offal of bovine animals worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.2% for the period from 2022 to 2030, which is projected to bring the market volume to 7.1M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.4% for the period from 2022 to 2030, which is projected to bring the market value to $45.7B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Prepared Or Preserved Meat Or Offal Of Bovine Animals
In 2022, the amount of prepared or preserved meat or offal of bovine animals consumed worldwide declined to 6M tons, standing approx. at the year before. Overall, the total consumption indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.4% against 2019 indices. Over the period under review, global consumption hit record highs at 6M tons in 2019; afterwards, it flattened through to 2022.
The global preserved cows meat market revenue was estimated at $32.3B in 2022, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.7% against 2019 indices. Over the period under review, the global market reached the peak level at $32.9B in 2019; however, from 2020 to 2022, consumption failed to regain momentum.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (883K tons), the United States (444K tons) and India (355K tons), together comprising 28% of global consumption. The UK, Japan, Pakistan, Russia, Germany, Brazil, Indonesia, Nigeria, Bangladesh and Mexico lagged somewhat behind, together accounting for a further 29%.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Nigeria (with a CAGR of +13.7%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest preserved cows meat markets worldwide were China ($5.2B), Japan ($2.9B) and the United States ($2.8B), with a combined 34% share of the global market. The UK, Germany, India, Brazil, Mexico, Indonesia, Pakistan, Bangladesh, Russia and Nigeria lagged somewhat behind, together accounting for a further 22%.
Nigeria, with a CAGR of +18.4%, recorded the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of preserved cows meat per capita consumption in 2022 were the UK (3.6 kg per person), Japan (1.9 kg per person) and Germany (1.9 kg per person).
From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +10.8%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Prepared Or Preserved Meat Or Offal Of Bovine Animals
In 2022, approx. 6M tons of prepared or preserved meat or offal of bovine animals were produced worldwide; approximately mirroring the previous year. Overall, the total production indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.7% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 11% against the previous year. Over the period under review, global production hit record highs at 6.1M tons in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.
In value terms, preserved cows meat production amounted to $32.7B in 2022 estimated in export price. Over the period under review, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 22% against the previous year. Global production peaked at $37.1B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.
Production By Country
The country with the largest volume of preserved cows meat production was China (893K tons), comprising approx. 15% of total volume. Moreover, preserved cows meat production in China exceeded the figures recorded by the second-largest producer, the United States (400K tons), twofold. India (358K tons) ranked third in terms of total production with a 6% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at +3.9%. In the other countries, the average annual rates were as follows: the United States (+2.8% per year) and India (+4.2% per year).
Imports
World Imports of Prepared Or Preserved Meat Or Offal Of Bovine Animals
In 2022, approx. 455K tons of prepared or preserved meat or offal of bovine animals were imported worldwide; growing by 7.1% against the year before. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 9.3% against the previous year. As a result, imports attained the peak of 516K tons. From 2015 to 2022, the growth of global imports failed to regain momentum.
In value terms, preserved cows meat imports amounted to $2.9B in 2022. The total import value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Imports By Country
In 2022, the United States (78K tons), followed by the UK (52K tons), Canada (27K tons), Germany (25K tons), Hong Kong SAR (25K tons) and France (22K tons) were the key importers of prepared or preserved meat or offal of bovine animals, together constituting 50% of total imports. The following importers - the Netherlands (15K tons), Belgium (14K tons), Japan (8.6K tons), Sweden (8.6K tons), Australia (8.2K tons), Denmark (7.4K tons) and Italy (7.2K tons) - together made up 15% of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the United States (with a CAGR of +10.1%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($725M) constitutes the largest market for imported prepared or preserved meat or offal of bovine animals worldwide, comprising 25% of global imports. The second position in the ranking was taken by the UK ($322M), with an 11% share of global imports. It was followed by Canada, with a 7.3% share.
In the United States, preserved cows meat imports increased at an average annual rate of +9.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the UK (-2.7% per year) and Canada (+1.9% per year).
Import Prices By Country
The average preserved cows meat import price stood at $6,352 per ton in 2022, surging by 5.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 15% against the previous year. Global import price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($9,351 per ton), while Hong Kong SAR ($3,949 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.0%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Prepared Or Preserved Meat Or Offal Of Bovine Animals
In 2022, shipments abroad of prepared or preserved meat or offal of bovine animals was finally on the rise to reach 515K tons after two years of decline. In general, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, preserved cows meat exports expanded markedly to $3.2B in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 14%. Over the period under review, the global exports hit record highs in 2022 and are likely to continue growth in years to come.
Exports By Country
In 2022, Brazil (106K tons), distantly followed by Ireland (41K tons), Germany (39K tons), Poland (37K tons), the United States (34K tons) and Argentina (25K tons) represented the largest exporters of prepared or preserved meat or offal of bovine animals, together creating 55% of total exports. The following exporters - France (18K tons), Belgium (16K tons), Italy (12K tons), New Zealand (12K tons), Sweden (12K tons), Jordan (12K tons) and the Netherlands (12K tons) - together made up 18% of total exports.
Brazil experienced a relatively flat trend pattern with regard to volume of exports of prepared or preserved meat or offal of bovine animals. At the same time, Poland (+6.8%), Sweden (+2.6%) and France (+1.3%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +6.8% from 2012-2022. Italy, Germany and the United States experienced a relatively flat trend pattern. By contrast, Jordan (-1.6%), New Zealand (-2.2%), Argentina (-2.2%), Belgium (-2.6%), Ireland (-3.8%) and the Netherlands (-5.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland increased by +3.4 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Brazil ($765M) remains the largest preserved cows meat supplier worldwide, comprising 24% of global exports. The second position in the ranking was held by the United States ($284M), with an 8.7% share of global exports. It was followed by Germany, with a 7.4% share.
In Brazil, preserved cows meat exports increased at an average annual rate of +1.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (+4.9% per year) and Germany (+1.2% per year).
Export Prices By Country
In 2022, the average preserved cows meat export price amounted to $6,302 per ton, with an increase of 6.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 15% against the previous year. The global export price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($10,340 per ton), while Argentina ($2,347 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.4%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global preserved cows meat market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10131585 - Prepared or preserved meat or offal of bovine animals (excluding sausages and similar products, homogenised preparations, preparations of liver and prepared meals and dishes)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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