The Meat Extract Global Market Report 2023 by The Business Research Company, provides meat extract market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Meat Extract Global Market Report 2023, the market size is expected to grow from the global meat extract market size grew from $6.27 billion in 2022 to $6.79 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The market size of global meat extract market is expected to grow to $8.85 billion in 2027 at a CAGR of 6.9%.
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.
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The meat extract market is segmented:
1) By Form: Powder, Liquid, Granules, Paste
2) By Meat: Beef, Chicken, Pork, Lamb, Other Meats
3) By Application: Industrial, Commercial
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 June 2021, Essentia Protein Solutions, a US-based protein solutions company, developed C3307 Chicken Flavour, which is higher in protein, lower in carbohydrates, and has no added salt. This chicken flavour is ideal for low-sodium applications that demand a strong chicken flavour. C3307 allows developers to achieve lower salt constraints while still delivering tasty, full-bodied chicken flavours in their completed goods.
The meat extract market report table of contents includes:
1. Executive Summary
2. Meat Extract Market Characteristics
3. Meat Extract Market Trends And Strategies
4. Meat Extract Market – Macro Economic Scenario
5. Meat Extract Market Size And Growth
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26. Africa Meat Extract Market
27. Meat Extract Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Meat Extract Market
29. Meat Extract Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Givaudan
- Haco Holding AG
- International Dehydrated Foods Inc
- Carnad Natural Taste
- Titan Biotech
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