Market Overview:
The global meat extract market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for meat extracts from the food and beverage industry, increasing awareness about the health benefits of meat extracts, and growing trend of healthy eating. In terms of type, chicken is expected to be the fastest-growing segment during the forecast period. This can be attributed to its high nutritional value and rising demand for chicken products across the globe. In terms of application, industrial segment is expected to account for a major share in terms of revenue in 2018 followed by commercial segment.
Product Definition:
Meat extract is a thick, dark brown or blackish sauce made from boiling beef or pork bones, trimming and other connective tissues with water. It is used as a flavoring in soups, stews, gravies and sauces.
Chicken:
The global chicken meat extract market size was valued at USD 2.5 billion in 2015 and is expected to witness significant growth over the forecast period owing to its increasing demand for animal feed, food & beverage industry, and human nutrition sector. The rising awareness among consumers regarding the nutritional value of poultry products has led to a surge in their consumption which is further likely to augment market growth over the next seven years.
Pork:
Pork is the culinary name for meat obtained from domestic pigs. It is one of the most commonly consumed meat around the world, with an average consumption of nearly 3 pounds per person per week. The demand for pork has been rising over recent years on account of its increasing availability and low cost as compared to other animal based protein sources such as beef and chicken.
The growing population in countries such as China, India, Brazil.
Application Insights:
The global meat extract market is segmented on the basis of application into industrial and commercial. The industrial application dominated the overall industry in terms of revenue share at over 60% in 2017. This high share is attributable to growing demand for meat extracts from various industries including food processing, pet food, pharmaceuticals and cosmetics among others. Extracts such as collagen, cartilage, tendons and ligaments are used as additives for beverage cans along with labels stating that they are gluten free which has led to an increase in their demand from the above-mentioned applications.
Commercial applications include restaurants & hotels sector where meat extracts are used as a key ingredient in many dishes owing to its flavor enhancing capabilities along with providing moisture content required by law when served at restaurants or hotels around the world especially within North America region where it is highly consumed due to its health benefits over other regions such as Europe or Asia Pacific which also contributes towards a significant market size globally.
Regional Analysis:
North America accounted for the largest share of more than 35.0% in 2017. The region is expected to maintain its lead over the forecast period owing to high consumption of meat extract-based products and growing demand for convenience food. In addition, rising awareness regarding a healthy diet will drive industry growth over the next eight years.
Asia Pacific is anticipated to witness significant growth from 2018 to 2030 due to increasing per capita income levels in emerging economies such as China and India, which will boost consumer spending on meat extracts and their application sectors across industries such as cosmetics, pharmaceuticals, food processing & packaging among others; thereby driving industry expansion at a rapid pace during the forecast period.
Growth Factors:
- Increasing demand for meat extract as a flavor enhancer in food and beverage industry.
- Rising awareness about the health benefits of meat extract among consumers.
- Growing popularity of ready-to-eat and processed foods that contain meat extract as a flavor enhancer.
- Increasing demand for convenience foods due to busy lifestyles of consumers.
- Technological advancements in the production of meat extracts that offer improved quality and taste
Scope Of The Report
Report Attributes
Report Details
Report Title
Meat Extract Market Research Report
By Type
Chicken, Pork, Beef, Fish, Others
By Application
Industrial, Commercial
By Companies
Givaudan, Haco Holding AG, Carnad Natural Taste, International Dehydrated Foods, Inc., Titan Biotech, Bhagwati Chemicals
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Meat Extract Market Report Segments:
The global Meat Extract market is segmented on the basis of:
Types
Chicken, Pork, Beef, Fish, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Givaudan
- Haco Holding AG
- Carnad Natural Taste
- International Dehydrated Foods, Inc.
- Titan Biotech
- Bhagwati Chemicals
Highlights of The Meat Extract Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Chicken
- Pork
- Beef
- Fish
- Others
- By Application:
- Industrial
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Meat Extract Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Meat extract is a concentrated form of meat that has been removed from the bone and other connective tissue. It is used as a flavoring agent or preservative in food products.
Some of the major players in the meat extract market are Givaudan, Haco Holding AG, Carnad Natural Taste, International Dehydrated Foods, Inc., Titan Biotech, Bhagwati Chemicals.
The meat extract market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Meat Extract Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Meat Extract Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Meat Extract Market - Supply Chain
4.5. Global Meat Extract Market Forecast
4.5.1. Meat Extract Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Meat Extract Market Size (000 Units) and Y-o-Y Growth
4.5.3. Meat Extract Market Absolute $ Opportunity
5. Global Meat Extract Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Meat Extract Market Size and Volume Forecast by Type
5.3.1. Chicken
5.3.2. Pork
5.3.3. Beef
5.3.4. Fish
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Meat Extract Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Meat Extract Market Size and Volume Forecast by Application
6.3.1. Industrial
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Meat Extract Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Meat Extract Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Meat Extract Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Meat Extract Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Meat Extract Demand Share Forecast, 2019-2026
9. North America Meat Extract Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Meat Extract Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Meat Extract Market Size and Volume Forecast by Application
9.4.1. Industrial
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Meat Extract Market Size and Volume Forecast by Type
9.7.1. Chicken
9.7.2. Pork
9.7.3. Beef
9.7.4. Fish
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Meat Extract Demand Share Forecast, 2019-2026
10. Latin America Meat Extract Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Meat Extract Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Meat Extract Market Size and Volume Forecast by Application
10.4.1. Industrial
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Meat Extract Market Size and Volume Forecast by Type
10.7.1. Chicken
10.7.2. Pork
10.7.3. Beef
10.7.4. Fish
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Meat Extract Demand Share Forecast, 2019-2026
11. Europe Meat Extract Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Meat Extract Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Meat Extract Market Size and Volume Forecast by Application
11.4.1. Industrial
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Meat Extract Market Size and Volume Forecast by Type
11.7.1. Chicken
11.7.2. Pork
11.7.3. Beef
11.7.4. Fish
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Meat Extract Demand Share, 2019-2026
12. Asia Pacific Meat Extract Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Meat Extract Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Meat Extract Market Size and Volume Forecast by Application
12.4.1. Industrial
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Meat Extract Market Size and Volume Forecast by Type
12.7.1. Chicken
12.7.2. Pork
12.7.3. Beef
12.7.4. Fish
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Meat Extract Demand Share, 2019-2026
13. Middle East & Africa Meat Extract Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Meat Extract Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Meat Extract Market Size and Volume Forecast by Application
13.4.1. Industrial
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Meat Extract Market Size and Volume Forecast by Type
13.7.1. Chicken
13.7.2. Pork
13.7.3. Beef
13.7.4. Fish
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Meat Extract Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Meat Extract Market: Market Share Analysis
14.2. Meat Extract Distributors and Customers
14.3. Meat Extract Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Givaudan
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Haco Holding AG
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Carnad Natural Taste
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. International Dehydrated Foods, Inc.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Titan Biotech
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bhagwati Chemicals
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
