Summary

The global beef market, valued at around $412.5 billion in 2023, has been projected to grow at a CAGR of 4.80% from 2024 to 2029, potentially reaching $546.5 billion. Despite facing challenges such as inflation within the European markets that have affected demand and production declines, as observed in Italy's 3.6% production decrease in early 2023, the sector continues to evolve with emerging trends like a growing demand for synthetic meat and organic products. On the local Italian market, the beef industry saw a decline in production by 3.3% from 2020 to 2022, yet the value of producer prices rose by 23.2% leading to a significant increase in turnover to 6.5 million euros in 2022. Although traditional consumption patterns persist, with high expenditure on beef and the highest consumption noted in the Islands region, factors like nutritional benefits and environmental sustainability are influencing demand. The market structure shows stability with a slight 1.58% increase in the number of employees from 2018 to 2021 and a matured balance between supply and demand, characterized by a predominance of small to medium-sized enterprises. Distribution through large-scale retail trade dominates, accounting for 58% of Italian purchases, while other channels like traditional butcher shops and restaurants also contribute significantly. Emerging trends in consumer behavior, like interest in synthetic meat driven by environmental and health considerations, signal potential shifts in demand dynamics.

Italian Beef Market: Embracing Tradition and Exploring Innovation

In Italy, a country deeply rooted in culinary traditions, the beef market remains a significant economic and cultural component. Though challenged by global trends and local dynamics, the market's intricacies reflect the ever-evolving tastes and concerns of Italian consumers. From 2018 to 2021, Italy observed a moderate increase in beef demand, indicating a steady appreciation for this product among Italians. The country's local beef market witnessed a turnover hike by over 20 percent, reaching about 6.5 million euros in 2022, despite a 3.3 percent decline in beef production. Italian households' expenditure on beef showcased a growth of roughly 2 percent from 2018 to 2021, with the Islands and Southern regions recording the highest consumption rates. Interestingly, the beef consumption trend in the country gravitates toward younger demographics, particularly the 18-19 age bracket, suggesting a generational affinity for beef as a dietary staple. Nutritionally, beef remains a valued source of high biological proteins and essential minerals such as iron, contributing to its enduring presence on Italian tables. Despite the apparent enthusiasm for traditional meat, the country is not insulated from global phenomena such as the burgeoning interest in synthetic or cultivated meats.

Although awareness and consumption readiness for synthetic alternatives are presently nominal, this niche may exhibit growth as discussions around environmental sustainability and animal welfare gain traction. On the import and export front, Italy demonstrates a heavy reliance on imports, with the coverage rate lingering around 20 percent. The period from 2018 to 2022 saw a budding increase in both imports (ranging between roughly 7 percent) and exports (approximately 12 percent) of beef. Top import sources include European neighbors such as Poland, France, and Spain, while notable export destinations include the Netherlands, Germany, and Greece. Despite the affluent demand, the Italian beef market contends with its share of challenges. Market prices occasionally fall below production costs, and issues such as farm sustainability, health concerns, and the rise in vegetarian diets echo the difficulties faced by producers. The projection of a 12 percent decline in beef consumption and a 25 percent decrease in retail sector sales indicate potential transformations in Italian dietary patterns. Distribution of beef in Italy employs a multi-channel strategy, with large-scale retail trade (GDO) leading at about 58 percent, followed by traditional butcher shops, and restaurant and catering chains. The online sale of meat products is emerging, reshaping the dynamic between traditional sales points and digital platforms. In.

Prominent Players in Italy's Beef Industry Landscape

Italy's beef industry is characterized by a diverse range of companies, each with its own unique history and specialization within the sector. Here, we highlight some of the key players who contribute significantly to the vibrancy and robustness of the Italian beef market.

Scarlino Meats (F.lli Scarlino Srl) is rooted in the historic land of Taurisano, where it started its journey by focusing on the poultry business. Over the years, it has broadened its reach to include various types of meat, upholding a tradition of quality and excellence in meat processing and marketing.
A.I.A. - Agricola Italiana Alimentare stands tall as a giant in the agribusiness sector. Known for its commitment to quality and safety, AIA Food has woven itself into the fabric of Italian culinary culture and remains at the forefront of the industry through constant innovation, particularly noted within the poultry niche.
GESCO - Amadori represents entrepreneurial spirit and innovation. This company started in the livestock farming industry back in Romagna during the 1930s. Today, Amadori is not just a staple in the Italian agrifood scene but a symbol of growth rooted in passion and tradition, true to its Romagnolo origins.
Bencarni S.p.A. emerged from the synergy of three firms in the beef sector, established in 1989. Headquartered in Nogarole Rocca, Bencarni is renowned for its proficiency in wholesale trading of a wide assortment of meat products, from fresh to deep-frozen.
Lanza S.r.l. presents a seamless blend of tradition and modernity. Starting as a humble butcher shop in 1935, the company has since expanded under the guidance of successive family generations into a well-established name in beef slaughtering and processing.
Inalca SpA asserts itself as a leading figure in the European beef industry. With a focus on meat processing and food distribution, Inalca's prowess is acknowledged not just in Italy but across Europe, making it a heavyweight player in the market. In addition to these domestic champions, the Italian beef industry landscape also includes
Cooperativa Zootecnica Scaligera, a cooperative venture rooted in Verona, dedicated to producing high-caliber beef since 1987. Another noteworthy company is
Barcon Agricultural Society, part of the Colomberotto group.

The beef market - Italy

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Number of pages : 30 pages
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Last update : 27/11/2023

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Summary and extracts

1 Synthèse du marché

1.1 Introduction

In the current global context, the beef market represents a sector of fundamental importance both economically and culturally. Globally, the market reached an approximate value of $412.5 billion in 2023 and is estimated to grow at a CAGR of 4.80% between 2024 and 2029, reaching a value of nearly $546.5 billion. There are many world regions that consider this product a pillar of their culture.

This market is characterized is characterized by a wide range of products, varying according to the type of breed of cattle raised, breeding techniques, and meat processing methods.

Essential in the performance of this market are its dynamics, such as consumer preferences and socio-economic factors. Specifically, it is essential to consider emerging trends, such as the increase in demand for synthetic meat or the expansion of supply with organic products.

2 Analyse de la demande

3 Structure du marché

4 Analyse de l'offre

5 Règlementation

6 Positionnement des acteurs

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Companies quoted in this study

This study contains a complete overview of the companies in the market, with the latest figures and news for each company. :

Creekstone Farms

Jack’s Creek

Greater Omaha Packing

Rangers Valley

Ozaki Beef

Scarlino Carni

A.I.A. - Agricola Italiana Alimentare

GESCO - Amadori

Bencarni

Lanza

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