Global Meat Extract Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Meat Extract Market” is an upcoming report by MarketResearch.biz. The meat extract market segmentation allows for deeper understanding and thought, to decisively assess, analyze, and study. Besides revenues for global, regional, and country-wise segments, market revenue segmentation will be compiled in a scrupulous manner for clear flow and understanding. The analysis will be conducted using expert opinions and inputs, as well as comprehensive primary and secondary research efforts to establish various aspects of the meat extract market. The global meat extract market report will be segmented on the basis of product type, form, application, and region.
Meat extract was invented by a 19th-century organic chemist called Baron Justus Von Liebig. It is a highly concentrated meat stock, usually made from beef. It is used to add meat flavor in cooking, and to make broth for soups and other liquid-based foods.
Factors such as increasing urbanization and the fast-paced lifestyles of working populations are expected to surge the demand for meat extract products and subsequently trigger market growth over the next ten years. Another factor that will contribute to the global meat extract market’s growth is the increasing demand for processed food due to the reduction in average meal prep time. The demand for beef extracts as they contain healthy constituents like peptides, vitamins, and nucleotides.
In terms of type, the global meat extract market is segmented into chicken extracts, pork, beef, and fish among others. Beef is the largest consumed form of meat in the world and comes second to chicken in terms of consumption in volumes. The chicken extracts segment accounted for a majority revenue share of the market due to the various benefits it offers. Benefits such as aiding in the development of cognitive performance with specific regard to memory & learning. This is projected to fuel the demand for meat extracts in the years to come.
The demand for fish extracts is expected to surge due to its ability to reduce the effects of hypertension, fast-absorption functionalities and its promotion of lean muscle mass.
With regard to form, the global meat extract market is categorized into paste, powder, and oil among others. The paste segment accounted for the majority revenue share and is expected to continue its dominant position in the market over the foreseeable future. The increasing applications for extract paste in stock powder, coatings, nuggets, soup powders, sauces, RTE meals, and snacks are projected to contribute positively to the global meat extract market’s growth.
The application aspect of the global meat extract market can be sectioned into commercial and industrial applications. The commercial application segment is projected to experience substantial growth in the coming years on account of the increasing number of global fast-food outlets. The industrial application segment accounted for a majority revenue share and product demand. It is expected to continue to do so over the next ten years.
The US market is one of the major producers and exporters of beef products, and are expected to increase their market share over the foreseeable future. The consumption of chicken and pork extracts in countries like South Korea is expected to increase over the coming years owing to its slow population growth, aging demography, and evolving consumer preferences.
The UK is one of the top 4 producers of chicken meat extracts in the EU, accounting for about 14% of the poultry meat production of Europe. Germany was the leading supplier of pork extract products to China in 2018.
Global Market Segmentation:
- Hot Melt Adhesive
- Printing Inks
- Rubber Processing
- High Density Polyethylene Wax
- Low Density Polyethylene Wax
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Haco Holding AG
- Carnad Natural Taste
- International Dehydrated Foods Inc.
- Titan Biotech
- Bhagwati Chemicals
- Carnad A/S
- Colin Ingredients
- JBS Global (UK) Ltd.
- NH Foods Australia Pty Ltd.
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