Carabeef refers to the meat obtained from Carabao. In the Philippines, Carabeef is already used in various dishes, as a substiture for cow's meat. Beef from a cow is very expensive in the Philiipines, hence a cheaper substite is needed. It is hard to find the difference in taste, if no one will say, no one will know if the dish is made from Carabeef or Cow's beef. Based on my experience, when still raw, Carabeef has a darker color than, the reddish color of cow's beef. I have tasted a dish using Carabeef long time ago, and I did not like the though that I am eating a meat from a Carabao as I see them as a farm animal and not as a source of food.
List of books: Carabeef