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Beef Cattle Production in Canada Industry Data and Analysis
High prices have consistently elevated revenues for Canadian cattle producers over the current period, but also discouraged herd rebuilding and drained cattle supplies. Cattle prices have surged due to reduced herds in North America, influenced by persistent droughts impeding effective herd rebuilding. Although producers are generally inclined to rebuild, the volatility of high prices, along with the unpredictability of future drought impacts, has discouraged extensive retention practices. Profit has also been pressured by elevated input costs, particularly feed, but extreme cattle prices have allowed profit to recover and expand since its low in 2022. Compounding these challenges is the difficulty in passing increased costs onto consumers, who have shown a growing propensity to switch to alternative proteins. This, combined with the inherent volatility in agricultural outputs due to extreme weather events, continues to strain the financial health of producers despite elevated cattle prices. Overall, revenue has climbed at a CAGR of 4.4% since 2020, including an increase of 2.0% to reach an estimated $25.6 billion in 2025 as beef prices remain on the rise.
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What's included in this industry analysis
IBISWorld's research coverage on the Beef Cattle Production industry in Canada includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released August 2025.
About this industry
What's this industry report about?
The Beef Cattle Production industry in Canada operates under the NAICS industry code 11211CA. The Beef Cattle Production industry encompasses establishments focused on raising and fattening cattle, including those involved in feeding operations such as feedlots. It also includes the raising of cattle intended for dairy herd replacements. While beef farming and dairy heifer replacement production are key activities, this industry excludes activities related to milking dairy cattle, which are categorized under dairy cattle and milk production. Related terms covered in the Beef Cattle Production industry in Canada include stocker cattle, feeder cattle, backgrounding, marbling, finishing, bovine spongiform encephalopathy, bull, cow, heifer and steer.
What's included in this industry?
Products and services covered in Beef Cattle Production industry in Canada include Heifers, Steers and Calves.
What companies are included in this industry?
The Beef Cattle Production industry in Canada is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Beef Cattle Production industry in Canada.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Beef Cattle Production industry in Canada.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Beef Cattle Production industry in Canada.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Beef Cattle Production industry in Canada. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Beef Cattle Production industry in Canada. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Beef Cattle Production industry in Canada. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Beef Cattle Production industry in Canada. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Beef Cattle Production industry in Canada.
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Frequently Asked Questions
What is the market size of the Beef Cattle Production industry in Canada in 2026?
The market size of the Beef Cattle Production industry in Canada is $25.6bn in 2026.
How many businesses are there in the Beef Cattle Production industry in Canada in 2025?
There are 35,005 businesses in the Beef Cattle Production industry in Canada, which has grown at a CAGR of 0.9 % between 2020 and 2025.
How may import tariffs affect the Beef Cattle Production industry in Canada?
The Beef Cattle Production industry in Canada is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Beef Cattle Production industry in Canada?
The Beef Cattle Production industry in Canada is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Beef Cattle Production industry in Canada grown or declined over the past 5 years?
The market size of the Beef Cattle Production industry in Canada has been growing at a CAGR of 4.4 % between 2020 and 2025.
What is the forecast growth of the Beef Cattle Production industry in Canada over the next 5 years?
Over the next five years, the Beef Cattle Production industry in Canada is expected to grow.
What does the Beef Cattle Production industry in Canada include?
Raising and fattening heifers and Raising and fattening steers are part of the Beef Cattle Production industry in Canada.
How competitive is the Beef Cattle Production industry in Canada?
The level of competition is high and steady in the Beef Cattle Production industry in Canada.
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