North America Meat Extract Market, By Meat (Beef, Chicken, Lamb, Duck and Pork and Others), Source (Swine, Ruminants, Poultry and Others), Form (Powder, Liquid, Paste, Granules, Oil, Capsules), Source Category (Organic and Conventional), Application (Food Products, Dietary Supplements, Laboratory Testing, Beverages and others), Country (U.S, Mexico, Canada), Market Trends and Forecast to 2027
Market Analysis and Insights: North America Meat Extract Market
Meat extract market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing at a CAGR of 7.2%in the forecast period of 2020 to 2027and expected to reach USD 1,944.20 million by 2027. Population expansion in developing economies as well as the growing trend for the healthy and nutritious eating habits is helping the market to grow.
Demand for meat products as a protein source in the U.S. is growing which will grow the overall consumption of the meat tract in future.Increasing application of meat extracts as animal feed, high demand for protein enriched snacks, higher nutritional benefits of meat extracts, increasing demand of meat extracts in laboratory testing are few factors driving the market. Some factors which act as restraints are allergy associated with the meat products, concerns regarding imposing of laws in various countries against the slaughter of animal, stringent regulations for production and certification process. There is a great scope of opportunities in this market as growing development of meat flavours, demand for non-GMO meat based products, business expansion and others.
This Meat Extract Market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America Meat Extract Market Scope and Market Size
Meat extract market is segmented on the basis of meat, source, form, source category, and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of meat, the market is segmented into beef, chicken, lamb, duck and pork and others. In North America, the porkmeat is dominating due to rise in the production of the porkrelated food products and the increased quality of porkmeat.
- On the basis of source, global meat extract market is segmented into ruminants, poultry, swine and others. In North America, the ruminantssegment is dominating because of the consumption of the ruminants’meat in the U.S. which has seen a prominent growth in recent times as compared to earlier. The porkmeat is preferred by the people over other meat product as its health benefits are more.
- On the basis of form, global meat extract market is segmented into powder, liquid, paste, granules, oil andcapsules. In North America, the powder material is dominating due to its applications, powder form of meat extract can be used in many places like in dietary supplements as well as in laboratory testing.
- On the basis of source category, global meat extract market is segmented into organic and conventional. In North America, conventional segment is dominating due to its more consumption, as people are not aware of health benefits of organic meat and second reason is that conventional meat is cheap and affordable.
- On the basis of application, the market is segmented into food products, dietary supplements, laboratory testing, beverages and others. Food products are dominating the market as all meat extracts are majorly used in food products as flavouring agent.
Meat Extract Market Country Level Analysis
North America meat extract market is analysed and market size information is provided by meat, by source, by form, by source category, by applicationas referenced above.
The countries covered in the meat extractmarket report are Canada, Mexico and U.S.
The U.S.meat extractmarket is dominating the market due to increasing demand of meat extract in the food industry.
The country section of the meat extract market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Increasing Preference of Meat Based Products
Meat extract market report also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in meat extract and changes in regulatory scenarios with their support for the meat extract market. North Americameat extractmarket has grown widely in the recent years as the people are paying more attention towards the healthy food product alternatives. Meat is an important source of nutrition for many people, from laboratory testing to dietary supplements meat extracts hasa very solid presence. Sportspersons also prefer to have meat products in their diet as it provides more nutritional contents. This has led to the consumption of meat product to grow by 50% in past ten years.The data is available for historic period 2010 to 2018.
Competitive Landscape and Meat Extract Market Share Analysis
Meat extract market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Asia-Pacific meat extract market. The major players covered in the report areTHE LAURIDSEN GROUP INC, Givaudan, BRF, , ohly, HACO AG, Nikken Foods Co,.Ltd, Merck KGaA, JBS GLOBAL, IDF, Maverick Biosciencesamong other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of meat extract market.
- In November 2019, Symrise successfully acquired ADF/IDF, a big and leading meat and egg based protein specialist and entered into the meat extract market with the base. It acquired ADF/IDF with an aim to strengthen its business in fastest growing pet food industry and to flourish in the big and developed market of the U.S.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for meat extract through expanded range of size.
Customization Available : North America Meat Extract Market
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