Asia Pacific (APAC) Beef Market (2021-2027) | Analysis, Size, Revenue, industry, Forecast, Trends, Growth, Value, Segmentation, Outlook & COVID-19 IMPACT

Latest 2023 Development of the Asia Pacific (APAC) Beef Market

The Asia Pacific beef market is witnessing a steady increase in demand for beef in the Asia Pacific region due to the rising population, increasing disposable incomes, and changing dietary habits. Additionally, there has been a growing trend towards premium and high-quality beef, as consumers become more conscious of the health benefits and ethical standards of their food. Moreover, the signing of the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP) has opened up new opportunities for beef exporters in the Asia Pacific region. In addition, there is increasing pressure on the beef industry to adopt more sustainable practices and reduce its carbon footprint, as consumers become more aware of the environmental impact of meat production.

Several countries in the Asia Pacific region, such as Australia, New Zealand, and China, have been increasing their beef production to meet the growing demand. These initiatives will enhance the market share of the companies. Additionally, The Asia Pacific beef industry has witnessed a shift towards premium cuts. As consumers become more affluent, there has been a shift towards premium cuts of beef, such as Wagyu and Angus. 

Asia Pacific Beef Market Synopsis

Asia Pacific Beef Market is anticipated to gain growth in the coming years. The ever-increasing urban centres and busy urban lifestyle in the Asia Pacific have resulted in consumers opting for convenient food items which take less time to prepare and cook. This rising preference is fuelling the demand for processed meat products in these markets. The rising income levels have resulted in increased demand for higher-priced protein food like Beef. The rising demand for exotic meat dishes from the western world has also contributed to the market growth. However, raising health concerns over food safety triggered by the coronavirus outbreak and awareness regarding environmental sustainability has led to increasing demand for plant-based meat over the past year. This can be clearly seen from established fast food chains like KFC, Pizza Hut, Taco Bell and Starbucks introducing plant-based meat foods in their menu. Post-coronavirus with governments imposing stringent quality checks on meat-based foods the Beef market is likely to see a dip.

According to 6Wresearch, the Asia Pacific Beef Market size is anticipated to register growth during 2021-2027. China is the biggest consumer of Beef in the region followed by Indonesia, Vietnam, India and South Korea. This demand is mostly driven by the increasing middle class and the influence of western food culture in this region. The increasing concerns over the food safety of domestically produced products in these countries are resulting in increasing imports and stagnant production. The demand for local Beef is mainly driven by the low price, freshness and versatility. This increased demand for imported Beef has also driven the prices of Beef up as people are willing to pay the price premium. Australia on the other hand is the biggest exporter of Beef in this region. The demand for Australian Beef is mainly driven by its safety, quality and good taste. The market in this region is mostly fragmented with a considerable number of small-medium scale participants and a few global key players. Some of the major key players in the Beef market in the Asia Pacific are BRF S.A., Cargill Inc., Cherkizovo Group, Foster Farms, Hormel Foods, Marfrig Group, National Beef, Nippon Meat Packers Inc., Perdue Farms, Pilgrim’s Pride, Sadia S.A., Sanderson Farms Inc., Shuanghui International, Smithfield Foods Inc., and Tyson Foods Inc.

Asia Pacific Beef market can be divided into three categories based on processing types, chilled Beef products, frozen Beef products and canned Beef products. Chilled Beef products form a major part of the market due to their reduced cooking hours and ability to meet changing desires of consumers in the region. The distribution channels can be either direct consumer-facing or indirectly service based. The direct consumer-facing distribution channels include supermarkets, grocery stores, speciality retailers, online and others with supermarkets recording the highest portion of the market. The indirect service-based distribution channels include restaurant chains and fast food chains. Though restaurant chains serve western Beef cuisines their portion in market share is relatively less compared to fast food chains like Mcdonalds', Pizza Hut, Taco Bell etc whose preference has been on the rise due to the adoption of a busy urban lifestyle.

Asia Pacific Beef Market report thoroughly covers the market by product type, and distribution channels for countries including China, India, Indonesia, Australia and other key countries. Asia Pacific Beef market outlook report provides an unbiased and detailed analysis of the current Asia Pacific Beef market trends, opportunities and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics

Key Highlights of the Report

• Asia Pacific Beef Market Outlook
• Market Size of Asia Pacific Beef Market, 2020
• Forecast of Asia Pacific Beef Market, 2027
• Historical Data and Forecast of Asia Pacific Beef Revenues & Volume for the Period 2017 - 2027
• Asia Pacific Beef Market Trend Evolution
• Asia Pacific Beef Market Drivers and Challenges
• Asia Pacific Beef Price Trends
• Asia Pacific Beef Porter's Five Forces
• Asia Pacific Beef Industry Life Cycle
• Historical Data and Forecast of Asia Pacific Beef Market Revenues & Volume By Beef Cut for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Beef Market Revenues & Volume By Brisket for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Beef Market Revenues & Volume By Shank for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Beef Market Revenues & Volume By Loin for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Beef Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of China Beef Market Revenues & Volume By Beef Cut for the Period 2017 - 2027
• Historical Data and Forecast of China Beef Market Revenues & Volume By Brisket for the Period 2017 - 2027
• Historical Data and Forecast of China Beef Market Revenues & Volume By Shank for the Period 2017 - 2027
• Historical Data and Forecast of China Beef Market Revenues & Volume By Loin for the Period 2017 - 2027
• Historical Data and Forecast of China Beef Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of India Beef Market Revenues & Volume By Beef Cut for the Period 2017 - 2027
• Historical Data and Forecast of India Beef Market Revenues & Volume By Brisket for the Period 2017 - 2027
• Historical Data and Forecast of India Beef Market Revenues & Volume By Shank for the Period 2017 - 2027
• Historical Data and Forecast of India Beef Market Revenues & Volume By Loin for the Period 2017 - 2027
• Historical Data and Forecast of India Beef Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Japan Beef Market Revenues & Volume By Beef Cut for the Period 2017 - 2027
• Historical Data and Forecast of Japan Beef Market Revenues & Volume By Brisket for the Period 2017 - 2027
• Historical Data and Forecast of Japan Beef Market Revenues & Volume By Shank for the Period 2017 - 2027
• Historical Data and Forecast of Japan Beef Market Revenues & Volume By Loin for the Period 2017 - 2027
• Historical Data and Forecast of Japan Beef Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Australia Beef Market Revenues & Volume By Beef Cut for the Period 2017 - 2027
• Historical Data and Forecast of Australia Beef Market Revenues & Volume By Brisket for the Period 2017 - 2027
• Historical Data and Forecast of Australia Beef Market Revenues & Volume By Shank for the Period 2017 - 2027
• Historical Data and Forecast of Australia Beef Market Revenues & Volume By Loin for the Period 2017 - 2027
• Historical Data and Forecast of Australia Beef Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Indonesia Beef Market Revenues & Volume By Beef Cut for the Period 2017 - 2027
• Historical Data and Forecast of Indonesia Beef Market Revenues & Volume By Brisket for the Period 2017 - 2027
• Historical Data and Forecast of Indonesia Beef Market Revenues & Volume By Shank for the Period 2017 - 2027
• Historical Data and Forecast of Indonesia Beef Market Revenues & Volume By Loin for the Period 2017 - 2027
• Historical Data and Forecast of Indonesia Beef Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Philippines Beef Market Revenues & Volume By Beef Cut for the Period 2017 - 2027
• Historical Data and Forecast of Philippines Beef Market Revenues & Volume By Brisket for the Period 2017 - 2027
• Historical Data and Forecast of Philippines Beef Market Revenues & Volume By Shank for the Period 2017 - 2027
• Historical Data and Forecast of Philippines Beef Market Revenues & Volume By Loin for the Period 2017 - 2027
• Historical Data and Forecast of Philippines Beef Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Malaysia Beef Market Revenues & Volume By Beef Cut for the Period 2017 - 2027
• Historical Data and Forecast of Malaysia Beef Market Revenues & Volume By Brisket for the Period 2017 - 2027
• Historical Data and Forecast of Malaysia Beef Market Revenues & Volume By Shank for the Period 2017 - 2027
• Historical Data and Forecast of Malaysia Beef Market Revenues & Volume By Loin for the Period 2017 - 2027
• Historical Data and Forecast of Malaysia Beef Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Asia Beef Market Revenues & Volume By Beef Cut for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Asia Beef Market Revenues & Volume By Brisket for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Asia Beef Market Revenues & Volume By Shank for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Asia Beef Market Revenues & Volume By Loin for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Asia Beef Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Beef Market Revenues & Volume By Beef Slaughter Method for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Beef Market Revenues & Volume By Kosher for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Beef Market Revenues & Volume By Halal for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Beef Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of China Beef Market Revenues & Volume By Beef Slaughter Method for the Period 2017 - 2027
• Historical Data and Forecast of China Beef Market Revenues & Volume By Kosher for the Period 2017 - 2027
• Historical Data and Forecast of China Beef Market Revenues & Volume By Halal for the Period 2017 - 2027
• Historical Data and Forecast of China Beef Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of India Beef Market Revenues & Volume By Beef Slaughter Method for the Period 2017 - 2027
• Historical Data and Forecast of India Beef Market Revenues & Volume By Kosher for the Period 2017 - 2027
• Historical Data and Forecast of India Beef Market Revenues & Volume By Halal for the Period 2017 - 2027
• Historical Data and Forecast of India Beef Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Japan Beef Market Revenues & Volume By Beef Slaughter Method for the Period 2017 - 2027
• Historical Data and Forecast of Japan Beef Market Revenues & Volume By Kosher for the Period 2017 - 2027
• Historical Data and Forecast of Japan Beef Market Revenues & Volume By Halal for the Period 2017 - 2027
• Historical Data and Forecast of Japan Beef Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Australia Beef Market Revenues & Volume By Beef Slaughter Method for the Period 2017 - 2027
• Historical Data and Forecast of Australia Beef Market Revenues & Volume By Kosher for the Period 2017 - 2027
• Historical Data and Forecast of Australia Beef Market Revenues & Volume By Halal for the Period 2017 - 2027
• Historical Data and Forecast of Australia Beef Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Indonesia Beef Market Revenues & Volume By Beef Slaughter Method for the Period 2017 - 2027
• Historical Data and Forecast of Indonesia Beef Market Revenues & Volume By Kosher for the Period 2017 - 2027
• Historical Data and Forecast of Indonesia Beef Market Revenues & Volume By Halal for the Period 2017 - 2027
• Historical Data and Forecast of Indonesia Beef Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Philippines Beef Market Revenues & Volume By Beef Slaughter Method for the Period 2017 - 2027
• Historical Data and Forecast of Philippines Beef Market Revenues & Volume By Kosher for the Period 2017 - 2027
• Historical Data and Forecast of Philippines Beef Market Revenues & Volume By Halal for the Period 2017 - 2027
• Historical Data and Forecast of Philippines Beef Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Malaysia Beef Market Revenues & Volume By Beef Slaughter Method for the Period 2017 - 2027
• Historical Data and Forecast of Malaysia Beef Market Revenues & Volume By Kosher for the Period 2017 - 2027
• Historical Data and Forecast of Malaysia Beef Market Revenues & Volume By Halal for the Period 2017 - 2027
• Historical Data and Forecast of Malaysia Beef Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Asia Beef Market Revenues & Volume By Beef Slaughter Method for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Asia Beef Market Revenues & Volume By Kosher for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Asia Beef Market Revenues & Volume By Halal for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Asia Beef Market Revenues & Volume By Others for the Period 2017 - 2027
• Asia Pacific Beef Market - Key Performance Indicators
• Asia Pacific Beef Market - Import Export Trade Statistics
• Asia Pacific Beef Market - Opportunity Assessment By Countries
• Asia Pacific Beef Market - Opportunity Assessment By Beef Cut
• Asia Pacific Beef Market - Opportunity Assessment By Beef Slaughter Method
• Asia Pacific Beef Market - Top Companies Market Share
• Asia Pacific Beef Market - Top Companies Profiles
• Asia Pacific Beef Market - Comparison of Players in Technical and Operating Parameters
• Asia Pacific Beef Market - Strategic Recommendations

Markets Covered

The market report covers the following market segments

By Beef Cut

• Brisket
• Shank
• Loin
• Others

By Beef Slaughter Method

• Kosher
• Halal
• Others

By Countries

• India
• China
• Japan
• Australia
• Indonesia
• Thailand
• Rest of Asia Pacific