The most prominent rate of growth was recorded in 2008 with an increase of 11% year-to-year. The market value increased at an average annual rate of +3.2% over the period from 2007 to 2018. This figure reflects the total revenues of producers and importers in the market. Join today to see how BizVibe can help you!Īccording to the recent market report published on the Global Trade Magazine, the global beef market revenue amounted to $385.7 billion in 2018, growing by 5.1% against the previous year. With the global population expected to total 9 billion by 2050, the demand for beef is projected to have rapid increase over the next few decades, driving the earnings for world’s top beef producing countries and largest beef exporters to the next level.īizvibe’s smart B2B marketplace solutions help buyers and suppliers in the global beef industry and cattle industry to connect with each other, shorten sourcing and purchasing cycles, and maximise the profit growth. Beef, as one of the most important products in the global livestock market, is often acknowledged as a premium source of protein in human diets, therefore is widely consumed in the majority of countries around the world. The global beef industry is on a strong and steady growth over the recent decades, as those top beef producing countries, largest beef exporters and importers continue to expend their businesses in the global market.
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