The Business Research Company’s report on the Meat Extract Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the meat extract market’s growth in recent years?
Growing demand for protein-rich food products and beverages is expected to fuel the growth of the meat extract market going forward. Protein-rich foods are protein sources derived from plants and animals. It is a source that provides the body with all the amino acids it requires. Meat extract can be used as a protein source in a variety of processed meals, it can lower salt levels in processed foods while enhancing flavour and nutritional value. For instance, in September 2022, according to a report published by the International Dairy Foods Association (IDFA), a US-based non-profit organization, the per capita consumption of dairy experienced a 12.4-pound increase per person in 2022. On a milkfat basis, the average American’s dairy consumption was 667 pounds in 2021. Notably, there was significant growth in certain dairy products, with American-type cheese showing an increase of 0.5 pounds, butter rising by 0.2 pounds, and yogurt contributing an additional 0.7 pounds. Therefore, the growing consumer demand for protein-rich food products and beverages drives the growth of the meat extract market.
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How does the future projection of the meat extract market size compare to its historical growth?
The meat extract market size has grown strongly in recent years. It will grow from $7 billion in 2024 to $7.43 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to increased demand for ready-to-eat, increased popularity of meaty flavor in various food preparations, increased demand for protein-rich food products, rise in processed foods due to fast-paced lifestyles, increased use in culinary traditions.
The meat extract market size is expected to see strong growth in the next few years. It will grow to $9.62 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to increasing demand for natural and clean label products, increasing demand for protein supplements, growing demand for natural food products, rising demand for meat extract inThe pharmaceutical industry, increasing demand for meat extract in pet food products. Major trends in the forecast period include plant-based meat extracts, clean and transparent labeling, online retail and direct-to-consumer sales, innovative packaging solutions, gourmet and artisanal products.
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Which key players are shaping the future of the meat extract market?
Major companies operating in the meat extract market include Givaudan SA, Haco Holding AG, International Dehydrated Foods Inc., Carnad A/S, Titan Biotech Ltd., Bhagwati Chemicals, Nikken Foods Co Ltd., Colin Ingredients SAS, NH Foods Limited, Inthaco Co Ltd., Activ International SA, Maverick Biosciences Pty Ltd., Nippon Ham Group, ARIAKE Japan Co Ltd., Meioh Bussan Co Ltd., Kanegrade Limited., BRF S.A., Cargill Incorporated, Clemens Food Group, Conagra Brands Inc., Hormel Foods Corporation, Joesley Batista Sobrinho S.A., Minerva Foods SA, Tyson Foods Inc., Smithfield Foods Inc., Sanderson Farms Inc., Perdue Farms Inc., Pilgrim’s Pride Corporation, OSI Group LLC, Marfrig Global Foods S.A., Danish Crown A/S, Tönnies Holding GmbH & Co. KG, Vion Food Group, Westfleisch SCE mbH, H. J. Heinz Company, Nestle S.A., Unilever Group, Kerry Group, Tate & Lyle PLC, Symrise AG, Firmenich SA, International Flavors & Fragrances Inc., Mane SA
What trends will propel the growth and evolution of the meat extract market?
Product innovations have emerged as the key trend gaining popularity in the meat extract market. Major companies operating in the meat extract sector focused on products innovations to bring new methods and procedures for producing meat extract and increasing its applications. For instance, in May 2024, Ajinomoto Co. Inc., a Japan-based food and biotechnology company, launched the KALDOPLUS. KALDOPLUS is a liquid flavoring broth made from chicken meat extract that enhances the taste and aroma of chicken, mimicking the qualities of homemade chicken broth. Crafted with high-quality chicken meat extract and special raw materials, it utilizes amino acid technology from Ajinomoto. As a fundamental stock seasoning, KALDOPLUS serves as an ideal solution for the hotel, restaurant, and catering industries, facilitating the preparation of practical chicken stock with a more robust flavor and aroma. KALDOPLUS’ is available in 1-liter bottles, tailored to meet the needs of the Horeca sector.
Which regions are expected to become dominant players in the meat extract market?
North America was the largest region in the meat extract market in 2024. The regions covered in the meat extract market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What are the emerging key segments in the meat extract market, and how are they evolving?
The meat extract market covered in this report is segmented –
1) By Form: Powder, Liquid, Granules, Paste
2) By Meat: Beef, Chicken, Pork, Lamb, Other Meats
3) By Application: Industrial, Commercial
Subsegments:
1) By Powder: Spray-Dried Powder, Freeze-Dried Powder
2) By Liquid: Concentrated Liquid, Non-Concentrated Liquid
3) By Granules: Fine Granules, Coarse Granules
4) By Paste: Thick Paste, Semi-Thick Paste
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How is the meat extract market defined, and what are its core characteristics?
Meat extract is a concentrated preparation that contains concentrated meat essence. It is a robust and rich variety of meat stock typically obtained from beef, chicken, and pork. Its primary purpose is to add meat flavour in cooking and to prepare the soups and other liquid-based dishes.
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