Introduction
Boneless beef cuts are a staple in cuisines around the world, and their trade plays a significant role in the global meat industry. In this report, we will explore the top 10 most traded boneless beef cuts worldwide, looking at their popularity, market trends, and key players in the industry.
1. Top Round
Overview
Top round is a lean cut of beef that comes from the hindquarters of the cow. It is commonly used for roasts, steaks, and stir-fry dishes. Top round is one of the most traded boneless beef cuts globally due to its versatility and affordability.
Market Share
According to industry reports, top round accounts for approximately 15% of the global boneless beef trade volume. Its popularity can be attributed to its relatively low price point compared to other cuts.
Key Players
Some of the key players in the top round trade include Cargill, JBS, and Tyson Foods. These companies have a significant market share in the boneless beef industry and play a crucial role in the distribution of top round cuts worldwide.
2. Tenderloin
Overview
Tenderloin, also known as filet mignon, is a premium cut of beef that comes from the loin of the cow. It is prized for its tenderness and is often served as a luxury item in high-end restaurants. Despite its higher price point, tenderloin remains one of the most traded boneless beef cuts globally.
Market Share
Tenderloin accounts for approximately 10% of the global boneless beef trade volume. Its niche market caters to consumers who are willing to pay a premium for top-quality beef cuts.
Key Players
Companies like Cargill, Marfrig Global Foods, and NH Foods are key players in the tenderloin trade. These companies specialize in premium beef cuts and have established relationships with high-end restaurants and retailers worldwide.
3. Ribeye
Overview
Ribeye is a flavorful and well-marbled cut of beef that comes from the rib section of the cow. It is popular for grilling and is often featured in steakhouse menus. Ribeye is a top traded boneless beef cut due to its rich flavor and high demand in the foodservice industry.
Market Share
Ribeye accounts for approximately 12% of the global boneless beef trade volume. Its popularity in the foodservice sector drives its high trading volume.
Key Players
Companies like JBS, Cargill, and National Beef Packing Company are major players in the ribeye trade. These companies have extensive distribution networks and supply chains that ensure ribeye cuts reach markets worldwide.
4. Sirloin
Overview
Sirloin is a versatile cut of beef that comes from the rear part of the cow. It is known for its balance of flavor and tenderness, making it a popular choice for grilling and roasting. Sirloin is among the top traded boneless beef cuts globally due to its widespread appeal.
Market Share
Sirloin accounts for approximately 8% of the global boneless beef trade volume. Its affordability and versatility contribute to its popularity among consumers and foodservice establishments.
Key Players
Key players in the sirloin trade include Tyson Foods, JBS, and Cargill. These companies have a strong presence in the beef industry and play a vital role in the distribution of sirloin cuts worldwide.
5. Flank Steak
Overview
Flank steak is a thin and flavorful cut of beef that comes from the abdominal muscles of the cow. It is commonly used in stir-fry dishes, tacos, and fajitas. Flank steak is a popular choice for consumers looking for a lean and affordable beef option.
Market Share
Flank steak accounts for approximately 9% of the global boneless beef trade volume. Its versatility and affordability make it a sought-after cut in both retail and foodservice sectors.
Key Players
Companies like Cargill, Tyson Foods, and JBS are major players in the flank steak trade. These companies have a strong presence in the beef industry and supply flank steak cuts to markets worldwide.
6. Chuck
Overview
Chuck is a budget-friendly cut of beef that comes from the shoulder section of the cow. It is known for its rich flavor and is commonly used for stews, braises, and ground beef. Chuck is a top traded boneless beef cut due to its affordability and versatility.
Market Share
Chuck accounts for approximately 11% of the global boneless beef trade volume. Its popularity in both retail and foodservice sectors drives its high trading volume.
Key Players
Companies like JBS, Cargill, and Tyson Foods dominate the chuck trade. These companies have extensive distribution networks that ensure chuck cuts are readily available in markets worldwide.
7. Brisket
Overview
Brisket is a flavorful cut of beef that comes from the breast section of the cow. It is known for its rich marbling and is often used for smoking, braising, and barbecue dishes. Brisket is a popular choice for consumers looking for a hearty and indulgent beef option.
Market Share
Brisket accounts for approximately 7% of the global boneless beef trade volume. Its popularity in barbecue and smoked meat dishes drives its high trading volume.
Key Players
Key players in the brisket trade include Tyson Foods, JBS, and Cargill. These companies have a strong presence in the beef industry and supply brisket cuts to markets worldwide.
8. Shank
Overview
Shank is a tough cut of beef that comes from the leg of the cow. It is known for its rich flavor and is commonly used for braises and stews. Shank is a top traded boneless beef cut due to its affordability and versatility in traditional dishes.
Market Share
Shank accounts for approximately 5% of the global boneless beef trade volume. Its popularity in traditional cuisines drives its trading volume.
Key Players
Companies like Cargill, Tyson Foods, and JBS are major players in the shank trade. These companies have a strong presence in the beef industry and supply shank cuts to markets worldwide.
9. Rump
Overview
Rump is a lean and flavorful cut of beef that comes from the hindquarters of the cow. It is often used for roasts, steaks, and braises. Rump is a popular choice for consumers looking for a lean and affordable beef option.
Market Share
Rump accounts for approximately 6% of the global boneless beef trade volume. Its versatility and affordability make it a sought-after cut in both retail and foodservice sectors.
Key Players
Companies like JBS, Cargill, and Tyson Foods are major players in the rump trade. These companies have a strong presence in the beef industry and supply rump cuts to markets worldwide.
10. Short Plate
Overview
Short plate is a fatty and flavorful cut of beef that comes from the underside of the cow. It is commonly used for braises, stews, and ground beef. Short plate is a popular choice for consumers looking for a rich and indulgent beef option.
Market Share
Short plate accounts for approximately 4% of the global boneless beef trade volume. Its rich flavor and versatility in various dishes drive its trading volume.
Key Players
Key players in the short plate trade include Cargill, JBS, and Tyson Foods. These companies have a significant market share in the boneless beef industry and play a crucial role in the distribution of short plate cuts worldwide.
Conclusion
In conclusion, boneless beef cuts play a significant role in the global meat industry, with the top 10 most traded cuts accounting for a substantial portion of the market. From premium cuts like tenderloin to budget-friendly options like chuck, these cuts cater to a wide range of consumer preferences and culinary uses. Key players in the industry, such as Cargill, JBS, and Tyson Foods, dominate the trade of boneless beef cuts worldwide, ensuring a steady supply to meet the demands of consumers and foodservice establishments.
