The key countries and companies in the world meat market in the next 5 years
According to ResearchAndMarkets.com, in 2022 the global beef industry reached USD 332.28 billion. In the next 5 years it is expected to reach USD 421.61 billion , at a compound annual growth rate of 4.05% from 2022 to 2028. This is how the report “World Beef Market, Size, Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Analysis of Business Opportunities” concludes.
According to the document, the demand for beef has been increasing globally, driven by rising population and income levels, particularly in developing countries. This sector contributes significantly to the world’s food supply and employs millions around the world.