The meat extract global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Meat Extract Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The meat extract market size has grown strongly in recent years. It will grow from $6.59 billion in 2023 to $7 billion in 2024 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 $9.01 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. 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 in the 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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Scope Of Meat Extract Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Meat Extract Market Overview
Market Drivers –
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, according to a study conducted on more than 6,300 consumers in 12 countries around the world by Kerry Group, an Ireland-based food company, in November 2021, 75% of global consumers said they would pay more for protein-fortified foods and beverages. Therefore, the growing consumer demand for protein-rich food products and beverages drives the growth of the meat extract market.
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
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Regional Insights –
North America was the largest region in the meat extract market in 2023. The regions covered in the meat extract market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Meat Extract Market characterstics
3. Meat Extract Market Trends And Strategies
4. Meat Extract Market – Macro Economic Scenario
5. Global Meat Extract Market Size And Growth
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31. Global Meat Extract Market Competitive Benchmarking
32. Global Meat Extract Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Meat Extract Market
34. Meat Extract Market Future Outlook and Potential Analysis
35. Appendix
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