Companies covered in the Meat Extract Market report are 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) and other players profiled
Pune, India, May 16, 2022 (GLOBE NEWSWIRE) -- The global meat extract market size was valued at around USD 1.63 billion in 2020. The market is projected to grow from USD 1.70 billion in 2021 to USD 2.41 billion in 2028 at 5.11% CAGR during the forecast period 2021-2028. Fortune Business Insights™ has mentioned these insights in its latest research report titled, “Meat Extract Market, 2021-2028.”
According to the study, the trend for savory meat flavors will boost the business outlook amidst shifting dietary patterns. Besides, ready-to-cook meals have become sought-after across emerging and advanced economies.
Major Players Profiled in the Meat Extract Market Report:
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)
Get a Sample PDF Brochure:
Strong Demand for Ready-to-Eat Meals Boosts Growth Prospect
The COVID-19 outbreak had a mixed impact on the demand for meat extract products globally. For instance, ready-to-eat meals witnessed an unprecedented demand following the COVID-19 induced restrictions and lockdowns. However, the growing trend for vegetarian and vegan products during the pandemic did not bode well for the meat extract business outlook.
In terms of type, the market is segregated into chicken, beef, pork, and lamb.
With respect to application, the market is segmented into seasonings & coatings, ready-to-cook & ready-to-eat meals, infant foods, savory snacks, soups and broths, sauces & spreads, and others.
Based on region, the industry is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
The report is prepared rigorously through qualitative and quantitative analysis. The use of top-down and bottom-up approaches further validates the veracity of the research report. Included but not limited to, secondary and primary research has also been included to provide a birds-eye-view. We have deep-dived into annual reports, SEC filings, press releases, and government websites to bolster the authenticity of the report.
Meat Extract Market Report Scope & Segmentation:
2021 to 2028
Forecast Period 2022 to 2029 CAGR
2029 Value Projection
USD 2.41 Billion
Market Size in 2021
USD 1.70 Billion
Historical Data for
2018 to 2020
No. of Pages
By Type, By Application, By Region
Rising Popularity of Meaty Flavor in Processed Foods to Bolster Growth Potentials
Expanding Middle-class Population to Escalate the Demand for Meat Extract Containing Products
Increasing Availability of Plant-based Substitutes for Meat Extract to Challenge Stakeholders
Pitfalls & Challenges
Increasing Demand for Protein-rich Food Among Fitness Conscious Consumers to Foster Industry Growth
Browse Detailed Summary of Research Report with TOC:
Drivers and Restraints
Surging Demand for Meaty Flavor in Processed Foods to Provide Lucrative Opportunities
The demand for meaty flavor has become pronounced globally with “umami” setting the trend among the end-users. Amidst the sedentary and hectic lifestyle, the market presence of ready-to-eat and ready-to-cook meals has provided an impetus to the industry growth. Moreover, the growth of the middle-class population across emerging economies has encouraged meat extract manufacturing companies to augment their production. According to the 2018 Global Economic Development Report at Brookings, the global middle-class in 2030 could have 5.41 billion people. Additionally, consumers have exhibited an inclination for animal meat products as a potential source of protein. Food Innovation Australia Ltd. (FIAL) claims India and China will contribute a 47% surge in global protein consumption by 2025.
The trend for plant-based substitutes, along with the high vegan population, could impede the market growth of meat extract.
Ready-to-Cook & Ready-to-Eat Meals
Seasonings & Coatings
Soups & Broths
Sauces & Spreads
North America to Remain at the Helm with the Demand for Processed Foods
End-users in the U.S., Canada, and Mexico are likely to seek meat extract products on the heels of the trend for meaty flavors. The food & beverage companies have upped investments in meat stock to help boost the flavor in cooking. Prominently, meat consumption is poised to surge following the demand for red meat products. According to the U.S. Department of Agriculture (USDA), the total amount of meat consumed in the U.S. could touch 219 pounds per person by 2025.
The Asia Pacific meat extract market share will witness a commendable gain due to the presence of major food companies. Commercial food outlets have expanded their footfall across the emerging economies. Notable demand for ready-to-eat food will be pronounced across the region, thereby encouraging leading companies to augment their investments.
Industry participants are expected to inject funds into the Europe market in the wake of the demand for exotic flavoring ingredients. Prominently, the penetration of poultry meat has become palpable across the U.K., France, Germany, and Italy. According to the EU, poultry meat consumption could reach 24.6 kg per capita by 2030. Furthermore, the trend for umami flavor across the region has encouraged leading companies to bolster the Europe meat extract market growth.
Get Customized Report PDF:
Detailed Table of Content:
Definitions and Assumptions
Overview of the Parent/Related Markets
Industry SWOT Analysis
Recent Industry Developments - Policies, Mergers & Acquisitions, and New Product Launches
Market Analysis and Insights (in Relation with COVID-19)
Impact of COVID-19 on the Market
Supply Chain Challenges due to the Pandemic
Potential Opportunities Due to COVID-19
Global Meat Extract Market Analysis, Insights and Forecast, 2017-2028
Key Findings / Summary
Market Size Estimates and Forecast
By Type (Value)
By Application (Value)
Ready-to-cook & Ready-to-eat Meals
Seasonings & Coatings
Soups & Broths
Sauces & Spreads
By Region (Value)
Middle East & Africa
Prominent Companies Infuse Funds into Product Rollouts to Gain a Competitive Edge
The competitiveness of the market for meat extract indicates leading companies will focus on organic and inorganic strategies, product launches, including mergers & acquisitions, technological advancements, and innovations.
Key Industry Development
March 2021 – Essentia Protein Solutions launched an expanded product line that includes a variety of broths, stocks, and fats to include high-fat beef broth powder.
Inquire Before Buying This Research Report:
Have a Look at Related Research Insights:
Meat Coating Ingredients Market Size, Share & Industry Analysis, By Type (Spices &Seasonings, Salts, Fats & Oils, Batters & Crumbs, Flour, Starches), By Application (Fresh Meat and Poultry Products, Frozen Meat Products) and Regional Forecast, 2022-2029
Meat Substitutes Market Size, Share & COVID-19 Impact Analysis, By Source (Soy-based Ingredients, Wheat-based Ingredients, Textured Vegetable Proteins, and Other grain-based Ingredients), Distribution Channel (Mass Merchandisers, Specialty Stores, Online Retail, Other Retail Channels, and Foodservice), and Regional Forecasts, 2021 – 2028
Processed Meat Market Size, Share & Industry Analysis, By Type (Frozen, Canned, and Chilled), Animal Type (Poultry, Beef, Pork, and Others), Distribution Channel (Hypermarket/Supermarket, Convenience Stores, Specialty Stores, and Others), and Regional Forecast, 2020 – 2027
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road,
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
You can also contact us/follow us on: