Meat Extract Market

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from $4,850	225 Pages	Fortune Business Insights Pvt. Ltd.	September, 2024	FOB19185581

Best Price Guarantee
Price	from $4,850
Length	225 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	September, 2024
SKU	FOB19185581

Meat Extract Market

Growth Factors of Meat Extract Market

The meat extract market size was valued at USD 1.86 billion in 2023, and the market is now projected to grow from USD 1.95 billion in 2024 to USD 3.08 billion by 2032, exhibiting a CAGR of 42.24% during the forecast period of 2023-2032.

Due to the covid pandemic many companies shut down their prediction units and projects due to hindered travel acquisitions which ultimately created a decline in the meat extract market growth. As the companies requires workers and skilled professional to work on projects and to manage the manufacturing of products but due to covid pandemic the working scenario has been hindered to avoid social gathering and follow covid guidelines. Due to covid pandemic, the production and supply chain of the various food industries led to decline which significantly affected the market growth especially packaging industry.

Growing preference for meaty taste in processed foods will bolster meat extract market growth. The freshly discovered umami taste is quickly becoming more and more well-known worldwide. Nowadays, industrial and commercial processed foods use more and more meat flavors to give their products a savory flavor. The industry is rising mainly because meaty flavors are becoming more and more popular in processed meals. Artificial flavors have long been used by companies in their processed RTE and RTD food products. Companies are using natural sources to improve the meaty character in processed goods, from noodles to instant bouillons and snacks, as customers seek for more natural and less artificial flavors. Additionally, the product gives finished food products a meaty taste and mouthfeel that they will enjoy. Therefore, during the past ten years, the use of meat extracts in processed meals has increased dramatically.

Fitness athletes' increasing demand for foods high in protein conscientious customers to promote industry development. Increased consumer consciousness regarding fitness and health is driving up demand for products with added protein on the international market. Additionally, a number of businesses are spending money on R&D to provide cutting-edge meat extract products, which is anticipated to have a beneficial impact on the market's growth throughout the course of the projected year.

Comprehensive Analysis of Meat Extract Market

The meat extract market and food and beverages industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the food and beverages benefit management industry. These segmentations are methodically segregated by types and by application. The types segmentation includes, Beef, Chicken, Pork, and Lamb. However, the application segmentation includes Ready-to-cook & Ready-to-eat Meals, Seasonings & Coatings, Soups & Broths, Sauces & Spreads, Savory Snacks, Infant Foods, and others.

The North America region lead the meat extract market by benefitting a market size of USD 785.61 million in 2023 due to increasing demand for ready to eat food products among consumers and rising disposable income and changing consumers preferences due to fast paced lifestyles.

The top players in the market play a crucial role in the food and beverages industry assuring industrial prospectus growth and setting market standards. These players include, Essentia Protein Solutions (U.S.), BRF S.A. (Brazil), Carnad Natural Taste (Denmark), Foodex Ingredients (Indonesia), Ariake Japan Co., Ltd. (Japan), Symrise AG (Germany), JBS S.A. (Brazil), Nikken Foods Co., Ltd. (Japan), Ajinomoto Co., Inc. (Japan), Vina Aroma Food Co., Ltd. (Vietnam) these market players provide a level-playing competitive environment across the globe.

In October 2022, The American manufacturer of meat and meat extract, Essentia Protein Solutions, intended to increase its manufacturing capacity close to Dalton, Georgia. Producing food-grade stocks, broths, extracts, and fats is the only focus of the new operation.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Unit Value (USD Billion)

Growth Rate CAGR of 5.88% from 2024 to 2032

Segmentation By Type

- Beef

- Chicken

- Pork

- Lamb

By Application

- Ready-to-Cook & Ready-to-Eat Meals

- Seasonings & Coatings

- Soups & Broths

- Sauces & Spreads

- Savory Snacks

- Infant Food

- Other Applications

By Region

- North America (By Type, Application, and Country)

U.S. (By Type)
Canada (By Type)
Mexico (By Type)

- Europe (By Type, Application, and Country)

Spain (By Type)
Italy (By Type)
France (By Type)
Germany (By Type)
U.K. (By Type)
Rest of Europe (By Type)

- Asia Pacific (By Type, Application, and Country)

China (By Type)
India (By Type)
Japan (By Type)
Australia (By Type)
Rest of Asia Pacific (By Type)

- South America (By Type, Application, and Country)

Brazil (By Type)
Argentina (By Type)
Rest of South America (By Type)

- Middle East and Africa (By Type, Application, and Country)

South Africa (By Type)
UAE (By Type)

- Rest of ME&A (By Type)

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1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities
4. Key Insights: 4.1. Overview of the Parent/Related Markets; 4.2. Regulatory Analysis; 4.3. Supply Analysis; 4.4. Industry SWOT Analysis; 4.5. Recent Industry Developments - Policies, Mergers & Acquisitions, and New Product Launches; 4.6. Market Analysis and Insights (in Relation with COVID-19); 4.6.1. Impact of COVID-19 on the Market; 4.6.2. Supply Chain Challenges due to the Pandemic; 4.6.3. Potential Opportunities Due to COVID-19
5. Global Meat Extract Market Analysis, Insights and Forecast, 2019-2032: 5.1. Key Findings / Summary; 5.2. Market Size Estimates and Forecast; 5.2.1. By Type (Value); 5.2.1.1. Beef; 5.2.1.2. Chicken; 5.2.1.3. Pork; 5.2.1.4. Lamb; 5.2.2. By Application (Value); 5.2.2.1. Ready-to-cook & Ready-to-eat Meals; 5.2.2.2. Seasonings & Coatings; 5.2.2.3. Soups & Broths; 5.2.2.4. Sauces & Spreads; 5.2.2.5. Savoury Snacks; 5.2.2.6. Infant Foods; 5.2.2.7. Others; 5.2.3. By Region (Value); 5.2.3.1. North America; 5.2.3.2. Europe; 5.2.3.3. Asia Pacific; 5.2.3.4. South America; 5.2.3.5. Middle East & Africa
6. North America Meat Extract Market Analysis, Insights and Forecast, 2019-2032: 6.1. Key Findings / Summary; 6.2. Market Size Estimates and Forecast; 6.2.1. By Type (Value); 6.2.1.1. Beef; 6.2.1.2. Chicken; 6.2.1.3. Pork; 6.2.1.4. Lamb; 6.2.2. By Application (Value); 6.2.2.1. Ready-to-cook & Ready-to-eat Meals; 6.2.2.2. Seasonings & Coatings; 6.2.2.3. Soups & Broths; 6.2.2.4. Sauces & Spreads; 6.2.2.5. Savoury Snacks; 6.2.2.6. Infant Foods; 6.2.2.7. Others; 6.2.3. By Country (Value); 6.2.3.1. The U.S.; 6.2.3.1.1. By Type (Value); 6.2.3.1.1.1. Beef; 6.2.3.1.1.2. Chicken; 6.2.3.1.1.3. Pork; 6.2.3.1.1.4. Lamb; 6.2.3.2. Canada; 6.2.3.2.1. By Type (Value); 6.2.3.2.1.1. Beef; 6.2.3.2.1.2. Chicken; 6.2.3.2.1.3. Pork; 6.2.3.2.1.4. Lamb; 6.2.3.3. Mexico; 6.2.3.3.1. By Type (Value); 6.2.3.3.1.1. Beef; 6.2.3.3.1.2. Chicken; 6.2.3.3.1.3. Pork; 6.2.3.3.1.4. Lamb
7. Europe Meat Extract Market Analysis, Insights and Forecast, 2019-2032: 7.1. Key Findings / Summary; 7.2. Market Size Estimates and Forecast; 7.2.1. By Type (Value); 7.2.1.1. Beef; 7.2.1.2. Chicken; 7.2.1.3. Pork; 7.2.1.4. Lamb; 7.2.2. By Application (Value); 7.2.2.1. Ready-to-cook & Ready-to-eat Meals; 7.2.2.2. Seasonings & Coatings; 7.2.2.3. Soups & Broths; 7.2.2.4. Sauces & Spreads; 7.2.2.5. Savoury Snacks; 7.2.2.6. Infant Foods; 7.2.2.7. Others; 7.2.3. By Country (Value); 7.2.3.1. Germany; 7.2.3.1.1. By Type (Value); 7.2.3.1.1.1. Beef; 7.2.3.1.1.2. Chicken; 7.2.3.1.1.3. Pork; 7.2.3.1.1.4. Lamb; 7.2.3.2. France; 7.2.3.2.1. By Type (Value); 7.2.3.2.1.1. Beef; 7.2.3.2.1.2. Chicken; 7.2.3.2.1.3. Pork; 7.2.3.2.1.4. Lamb; 7.2.3.3. Spain; 7.2.3.3.1. By Type (Value); 7.2.3.3.1.1. Beef; 7.2.3.3.1.2. Chicken; 7.2.3.3.1.3. Pork; 7.2.3.3.1.4. Lamb; 7.2.3.4. Italy; 7.2.3.4.1. By Type (Value); 7.2.3.4.1.1. Beef; 7.2.3.4.1.2. Chicken; 7.2.3.4.1.3. Pork; 7.2.3.4.1.4. Lamb; 7.2.3.5. U.K.; 7.2.3.5.1. By Type (Value); 7.2.3.5.1.1. Beef; 7.2.3.5.1.2. Chicken; 7.2.3.5.1.3. Pork; 7.2.3.5.1.4. Lamb; 7.2.3.6. Rest of Europe; 7.2.3.6.1. By Type (Value); 7.2.3.6.1.1. Beef; 7.2.3.6.1.2. Chicken; 7.2.3.6.1.3. Pork; 7.2.3.6.1.4. Lamb
8. Asia Pacific Meat Extract Market Analysis, Insights and Forecast, 2019-2032: 8.1. Key Findings / Summary; 8.1.1. Market Size Estimates and Forecast; 8.1.2. By Type (Value); 8.1.2.1. Beef; 8.1.2.2. Chicken; 8.1.2.3. Pork; 8.1.2.4. Lamb; 8.1.3. By Application (Value); 8.1.3.1. Ready-to-cook & Ready-to-eat Meals; 8.1.3.2. Seasonings & Coatings; 8.1.3.3. Soups & Broths; 8.1.3.4. Sauces & Spreads; 8.1.3.5. Savoury Snacks; 8.1.3.6. Infant Foods; 8.1.3.7. Others; 8.1.4. By Country (Value); 8.1.4.1. China; 8.1.4.1.1. By Type (Value); 8.1.4.1.1.1. Beef; 8.1.4.1.1.2. Chicken; 8.1.4.1.1.3. Pork; 8.1.4.1.1.4. Lamb; 8.1.4.2. India; 8.1.4.2.1. By Type (Value); 8.1.4.2.1.1. Beef; 8.1.4.2.1.2. Chicken; 8.1.4.2.1.3. Pork; 8.1.4.2.1.4. Lamb; 8.1.4.3. Japan; 8.1.4.3.1. By Type (Value); 8.1.4.3.1.1. Beef; 8.1.4.3.1.2. Chicken; 8.1.4.3.1.3. Pork; 8.1.4.3.1.4. Lamb; 8.1.4.4. Australia; 8.1.4.4.1. By Type (Value); 8.1.4.4.1.1. Beef; 8.1.4.4.1.2. Chicken; 8.1.4.4.1.3. Pork; 8.1.4.4.1.4. Lamb; 8.1.4.5. Rest of APAC; 8.1.4.5.1. By Type (Value); 8.1.4.5.1.1. Beef; 8.1.4.5.1.2. Chicken; 8.1.4.5.1.3. Pork; 8.1.4.5.1.4. Lamb
9. South America Meat Extract Market Analysis, Insights and Forecast, 2019-2032: 9.1. Key Findings / Summary; 9.1.1. Market Size Estimates and Forecast; 9.1.2. By Type (Value); 9.1.2.1. Beef; 9.1.2.2. Chicken; 9.1.2.3. Pork; 9.1.2.4. Lamb; 9.1.3. By Application (Value); 9.1.3.1. Ready-to-cook & Ready-to-eat Meals; 9.1.3.2. Seasonings & Coatings; 9.1.3.3. Soups & Broths; 9.1.3.4. Sauces & Spreads; 9.1.3.5. Savoury Snacks; 9.1.3.6. Infant Foods; 9.1.3.7. Others; 9.1.4. By Country (Value); 9.1.4.1. Brazil; 9.1.4.1.1. By Type (Value); 9.1.4.1.1.1. Beef; 9.1.4.1.1.2. Chicken; 9.1.4.1.1.3. Pork; 9.1.4.1.1.4. Lamb; 9.1.4.2. Argentina; 9.1.4.2.1. By Type (Value); 9.1.4.2.1.1. Beef; 9.1.4.2.1.2. Chicken; 9.1.4.2.1.3. Pork; 9.1.4.2.1.4. Lamb; 9.1.4.3. Rest of South America; 9.1.4.3.1. By Type (Value); 9.1.4.3.1.1. Beef; 9.1.4.3.1.2. Chicken; 9.1.4.3.1.3. Pork; 9.1.4.3.1.4. Lamb
10. Middle East and Africa Meat Extract Market Analysis, Insights and Forecast, 2019-2032: 10.1. Key Findings / Summary; 10.1.1. Market Size Estimates and Forecast; 10.1.2. By Type (Value); 10.1.2.1. Beef; 10.1.2.2. Chicken; 10.1.2.3. Pork; 10.1.2.4. Lamb; 10.1.3. By Application (Value); 10.1.3.1. Ready-to-cook & Ready-to-eat Meals; 10.1.3.2. Seasonings & Coatings; 10.1.3.3. Soups & Broths; 10.1.3.4. Sauces & Spreads; 10.1.3.5. Savoury Snacks; 10.1.3.6. Infant Foods; 10.1.3.7. Others; 10.1.4. By Country (Value); 10.1.4.1. South Africa; 10.1.4.1.1. By Type (Value); 10.1.4.1.1.1. Beef; 10.1.4.1.1.2. Chicken; 10.1.4.1.1.3. Pork; 10.1.4.1.1.4. Lamb; 10.1.4.2. UAE; 10.1.4.2.1. By Type (Value); 10.1.4.2.1.1. Beef; 10.1.4.2.1.2. Chicken; 10.1.4.2.1.3. Pork; 10.1.4.2.1.4. Lamb; 10.1.4.3. Rest of ME&A; 10.1.4.3.1. By Type (Value); 10.1.4.3.1.1. Beef; 10.1.4.3.1.2. Chicken; 10.1.4.3.1.3. Pork; 10.1.4.3.1.4. Lamb
11. Competitive Matrix: 11.1. Key Industry Developments; 11.2. Global Market Share/Ranking Analysis; 11.3. Company Profiles; 11.3.1. Essentia Protein Solutions; 11.3.1.1. Overview; 11.3.1.2. Description; 11.3.1.3. Species Portfolio; 11.3.1.4. Financials (Data as available in public domain and/or on paid databases); 11.3.1.5. Recent Developments; 11.3.2. BRF S.A; 11.3.2.1. Overview; 11.3.2.2. Description; 11.3.2.3. Species Portfolio; 11.3.2.4. Financials (Data as available in public domain and/or on paid databases); 11.3.2.5. Recent Developments; 11.3.3. Carnad Natural Taste; 11.3.3.1. Overview; 11.3.3.2. Description; 11.3.3.3. Species Portfolio; 11.3.3.4. Financials (Data as available in public domain and/or on paid databases); 11.3.3.5. Recent Developments; 11.3.4. Foodex Ingredients; 11.3.4.1. Overview; 11.3.4.2. Description; 11.3.4.3. Species Portfolio; 11.3.4.4. Financials (Data as available in public domain and/or on paid databases); 11.3.4.5. Recent Developments; 11.3.5. Ariake Japan Co. Ltd.; 11.3.5.1. Overview; 11.3.5.2. Description; 11.3.5.3. Species Portfolio; 11.3.5.4. Financials (Data as available in public domain and/or on paid databases); 11.3.5.5. Recent Developments; 11.3.6. Ajinomoto Co. Inc.; 11.3.6.1. Overview; 11.3.6.2. Description; 11.3.6.3. Species Portfolio; 11.3.6.4. Financials (Data as available in public domain and/or on paid databases); 11.3.6.5. Recent Developments; 11.3.7. Symrise AG; 11.3.7.1. Overview; 11.3.7.2. Description; 11.3.7.3. Species Portfolio; 11.3.7.4. Financials (Data as available in public domain and/or on paid databases); 11.3.7.5. Recent Developments; 11.3.8. JBS S.A.; 11.3.8.1. Overview; 11.3.8.2. Description; 11.3.8.3. Species Portfolio; 11.3.8.4. Financials (Data as available in public domain and/or on paid databases); 11.3.8.5. Recent Developments; 11.3.9. Nikken Foods Co. Ltd.; 11.3.9.1. Overview; 11.3.9.2. Description; 11.3.9.3. Species Portfolio; 11.3.9.4. Financials (Data as available in public domain and/or on paid databases); 11.3.9.5. Recent Developments; 11.3.10. Vina Aroma Food Co. Ltd.; 11.3.10.1. Overview; 11.3.10.2. Description; 11.3.10.3. Species Portfolio; 11.3.10.4. Financials (Data as available in public domain and/or on paid databases); 11.3.10.5. Recent Developments
12. Strategic Recommendations
13. Appendix