The meat extract market offers diverse products, including beef, pork, chicken, fish, lamb, and other meat extracts. Each extract brings unique flavors, catering to diverse culinary preferences. Consumers seeking rich and savory taste profiles can choose from this extensive product range to enhance the essence of their dishes. The market's variety reflects the demand for versatile meat extracts, showcasing a comprehensive selection to meet the evolving needs of the global culinary landscape.
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Data Bridge Market Research analyses that the Global Meat Extract Market value, which was USD 14,927.56 million in 2021, is expected to reach the value of USD 23,792.27 million by 2029, at a CAGR of 6.0% during the forecast period 2022-2029. The meat extract market thrives on the expanding food and beverage industry, leveraging its integral role in diverse culinary applications. As an essential ingredient, meat extracts contribute to the industry's growth, driven by evolving consumer preferences and culinary innovation.
Key Findings of the Study
Clean label preferences are expected to drive the market's growth rate
Clean label preferences are a significant driver in the meat extract market, as consumers increasingly prioritize transparent and minimally processed products. The demand for meat extracts rises due to their recognition as clean-label ingredients, aligning with health-conscious consumer choices. This trend underscores a shift toward more natural and wholesome culinary options, positioning meat extracts as sought-after components in food and beverage formulations that meet the growing preference for cleaner and transparent labeling.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Beef Extract, Pork Extract, Chicken Extract, Fish Extract, Lamb Extract, Other Meat Extracts), Type (Stock, Extract), Form (Powder, Paste, Liquid), Function (Flavoring Agent, Preparation of Culture Media, and Others), Category (Conventional, Organic), Application (Food and Beverage, Pharmaceutical/Laboratory Research),
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Kerry (Ireland), PACIFIC FOODS OF OREGON, LLC (U.S.), Bare Bones (U.S.), PT. Foodex Indonesia (Indonesia), A. Costantino & C. spa (Italy), Abbexa (U.K.), Maverick Biosciences (U.S.), MP BIOMEDICALS (U.S.), NH Foods Australia (Australia), Nikken Foods Co., Ltd. (Japan), Essentia Protein Solutions (U.S.), Alpha Biosciences (U.S.), Bio Basic Inc. (Canada), Colin Ingrédients (France), Carnad (Poland), HiMedia Laboratories. (India), Thermo Fisher Scientific Inc. (U.S.), BD (U.S.), Bonafide Provisions (U.S.), Hardy Diagnostics (U.S.), JBS GLOBAL (Brazil), NEOGEN Corporation (U.S.), International Dehydrated Foods, Inc. (U.S.), Proliant Biologicals, LLC. (U.S.), ARIAKE JAPAN Co., Ltd. (Japan), Meioh Bussan Co., Ltd. (Japan)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The global meat extract market is segmented based on product, type, form, function, category, and application.
- On the basis of product, the global meat extract market is segmented into beef extract, pork extract, chicken extract, fish extract, lamb extract, and other meat extracts
- On the basis of type, the global meat extract market is segmented into stock and extract
- On the basis of form, the global meat extract market is segmented into powder, paste, and liquid
- On the basis of function, the global meat extract market is segmented into flavoring agent, preparation of culture media, and others
- On the basis of category, the global meat extract market is segmented into organic and conventional
- On the basis of application, the global meat extract market is segmented into food and beverage and pharmaceutical/laboratory research
Major Players
Data Bridge Market Research recognizes the following companies as the global meat extract market players in global meat extract market are Kerry (Ireland), PACIFIC FOODS OF OREGON, LLC (U.S.), Bare Bones (U.S.), PT. Foodex Indonesia (Indonesia), A. Costantino & C. spa (Italy), Abbexa (U.K.), Maverick Biosciences (U.S.), MP BIOMEDICALS (U.S.), NH Foods Australia (Australia).
Market Developments
- In November 2021, KRAVE Jerky unveiled its collaboration with Shaun White, an acclaimed action sports athlete, introducing a new product. This collaboration merges KRAVE's expertise in jerky with Shaun White's influence, creating an innovative offering that combines unique flavors and nutritional elements. The collaboration taps into the global meat extract market, showcasing the industry's adaptability to diverse partnerships and consumer preferences
- In June 2021, Kerry acquired Niacet for approximately USD one billion. Niacet, a specialist in clean-label, low-sodium preservatives, brings valuable preservation technologies to Kerry. This strategic move enhances Kerry's capabilities, particularly in the meat industry, where Niacet's expertise in drying and granulation processes complements Kerry's goals. The acquisition positions Kerry to advance innovation in meat-based products and expands its influence in various applications beyond meat
- In June 2021, Essentia Protein Solutions launched Essentia C3307 Chicken Flavor, a noteworthy addition to the ProFlavor line. This high-protein product, low in carbs, distinguishes itself by containing no added salt. The launch caters to consumer demands for healthier options while expanding Essentia's versatile ProFlavor line, providing a chicken flavor solution with nutritional benefits suitable for a range of applications
Regional Analysis
Geographically, the countries covered in the global meat extract market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in the global meat extract market during the forecast period 2022-2029
In North America, The U.S. dominates the global meat extract market, boasting the largest share. This dominance is attributed to the escalating demand for flavoring agents, particularly meat extract, to enrich the taste of dishes. As consumers seek enhanced culinary experiences, the U.S. market capitalizes on the popularity of meat extracts as versatile flavor enhancers, positioning the country as a key player in shaping the dynamics of the global meat extract industry.
Asia-Pacific is expected to dominate the global meat extract market in the forecast period 2022-2029
In Asia-Pacific, China is expected to dominate the global extract meat market, driven by a surge in meat and meat product consumption. The country's increasing affluence and urbanization contribute to the rising demand for animal protein. As Chinese consumers embrace a more meat-centric diet, the nation stands at the forefront of the region's burgeoning meat industry, showcasing significant economic and dietary shifts.
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