Givaudan, Ohly and IDF (International Dehydrated Foods, Inc.)are Dominating the Global Meat Extract Market in 2019

Global Meat Extract Market is expected to grow with theCAGR of 7.3% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global meat extract market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments in expanding their production facility for manufacturing of different meat extracts acquisitions and partnership to enter in specific market which have led the manufacturers to establish their foot prints.

The major players dealing in global meat extract market are introducing strong range of product portfolio. This has also helped the company to maximize the sales with enhanced product portfolio. For instance, Givaudanis the dominating player in the global meat extract market.

The other key players existing in the market includes Ohly, IDF (International Dehydrated Foods, Inc.), THE LAURIDSEN GROUP INC., BRF Carnad Natural Taste, Neogene Corporation, Meioh Bussan Co., Ltd, HACO AG, Kanegrade Ltd., InthacoCo.,Ltd, Nikken Foods Co,.Ltd, Colin Ingrédients, ARIAKE JAPAN Co.,Ltd., Merck KGaA, JBS GLOBAL, Maverick Biosciences among others.

Meat Extract Market

Givaudan

GivaudanheadquarteredinGeneva, Switzerland was foundedin 1895.The company provides variety of flavourslike natural, citrus and seafood flavors as well as the fragrance ingredients. The company deals in business segments namely, flavours and fragrances. The market focused business segment for the meat extract market is flavours.Givaudan is engaged in manufacturing various meat extracts of poultry, beef and pork. The company delas in product categories such as naturals, freshness, citrus, vanilla,protein, salt, umami, seafood, culinary grill flavours, fragrances. The market focused category for global meat extract market is flavours. Givaudan believes in expanding their business with various strategic to reach out global customers.

For instance,

  • In February 2020, Givaudan acquires Ungerer& Company, the U.S. based flavour, fragrance and speciality ingredients Company, this company has developed a strong market in the region which will be helpful for givaudan to form or establish a solid market ground.

The company has wide global presence across the globe such as in Latin America, North America, Europe, Middle East & Africa and Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as Ungerer& Co Inc (U.S.), Givaudan (Japan), Vinarom Private Limited (India), SGD SCA, Soliance (South Africa) among others.

Ohly

Ohlyheadquartered in Hamburg, Germany wasfounded in 1836. The company offers products of yeast based flavors, dried condiments and company also adds meat flavours and meat impressions to their products. The company deals in different product categories including savoury & sweet, fermentation nutrients, feed health and health & nutrition, where the market focused meat extract lies in savoury & sweet category.

For instance,

  • In September 2019, Ohly team in Hamburg replaced 185,000 litre of storage tank,this new tank will increase the efficiency of the company as the storage capacity will increase.

The company has wide global presence across the globe such as in Asia, Europe, North-America, Oceania and Australia.

IDF (International Dehydrated Foods, Inc.)

IDF (International Dehydrated Foods, Inc.) headquartered in the U.S.wasestablished in 1982. The company focuses on producing chicken, beef and turkey ingredient and get it delivered in the U.S. The company offers wide range of products in categories including chicken protein, chicken broth, and chicken fat and beyond chicken. The market focused product category is chicken protein. The parent organisation of IDF isSymrisewhich is involved in taking various strategic decision to expand their business at global prospective.