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Full Report - Beef Industry Review and Consumer Insights - February 2024

Demand for beef has remained strong as consumers repeatedly claim they will continue purchasing beef, both in retail and foodservice settings.  Consumers continue to rank beef as a top source of protein, superior in taste, nutritious, and good for social gatherings and special occasions. At the same time, the beef industry is observing some decline in demand, as retail sales begin to slip in terms of volume of beef sold while prices trend higher.  

February 2024 Edition - Title Slide

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Beef Prices and Consumption Trends

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Consumer Perception of Beef Prices

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Consumer Protein Preferences

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Convenience and Versatility

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Nutrition

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Eating Experience

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Raised & Grown

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At-Home Dining Insights

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In-Store Purchasing Behavior

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Evolving Consumer
E-Commerce Trends

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Future Marketplace Expectations for Beef

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Beef Performance at Foodservice

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Beef Performance at Retail

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Market Share of Fresh Meat Alternatives

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