Meat Extract Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Type (Chicken, Pork, Beef, Fish, Others (Lamb, Turkey, etc.)), By Form (Powder, Paste, Oil, Granules), By Application (Food Processing Industry, Pharmaceutical/Laboratory Research), By Region, Competition
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationThe global meat extract market is anticipated to project robust growth due to the increasing demand for protein-offering products in the forecast period. The rising concern for health and wellness is deteriorating, owing to hectic lifestyles and prolonged work schedules, which, in turn, will drive the market. Additionally, the market for meat extracts is anticipated to develop due to the rising consumption of meat products and snacks. Additionally, it is projected that the demand for meat extracts will be driven by the expanding applications of meat extracts for creating bacterial suspension.
A Meat extract is defined as a concentrated meat stock that is mostly made from meat. It is frequently used to add a meaty taste to liquid-based soups. Most processed foods contain meat extracts to give the products a meat flavor. Its usage includes stock powder, stuffing, nibbles, nuggets, prepared meals, bouillon cubes, seasoning, soups, coatings, soup powders, and sauces.
Moreover, it has been analyzed that raw meat production is less profitable to companies compared to the offering of by-products. According to the United States Department of Agriculture Economic Research Service, meat products account for 11.4% of the beef industry's gross revenue, among which 7.5% of the total is represented by pork. It has been analyzed that unused meat products result in financial losses while seriously harming the ecosystem. However, meat processors may profit from meat by-products with better utilization.
Increased Necessity of Beef Extract in Bioresearch Facilities Will Fuel the Market Growth
Meat extract powder is a primary ingredient used mostly for bacterial culture and fermentation, aiding the artificial growth of microorganisms. The powdered beef extract is frequently used to make different media for biopharmaceutical fermentation. This product was created from fresh meat by the manufacturer of meat extract powder for microbiology. It utilized autolysis, hydrolysis, separation, concentration, and other cutting-edge high-tech biologically refined soluble paste goods.
Innovating Offerings Aiding the Market Growth
It seems a big reason the market's growing is because major companies are rushing to release cool new stuff in every area you can imagine. Think about itbeef meat powder can pump up the protein and add a unique taste to things like soups, meals, sauces, dressings, seasonings, and even snacks! Now, check this outSymrise beef bone broth and extracts boast a whopping 90% protein, while their beef meat powder still packs a punch with 70% (that's on a dry matter basis). And with everyone getting more into healthy eating, especially after COVID-19, high-protein snacks are super popular. All this is expected to really boost the meat extract market in the years ahead.
Government Stringent Laws in Meat Extract is Influencing the Market Growth
Navigating the world of meat extracts isn't so simple! Regulatory restrictions are a big deal for manufacturers, especially because countries have different ideas about what's okay to use in food. If they want to sell their product in a specific market, they've got to play by the rules. Take the USA, for example. The USDA says if you're using mechanically separated meat, you have to call it out on the label. Plus, meat extract itself has to meet certain standardsless than 0.6% fat, at least 8.0% nitrogen, and over 75% total solids. To make a concentrated pork stock with 80% solids, you could use an evaporator that runs between 70 and 75 °C. Ideally, the end result? An odorless, tasteless product with a natural (brown or light brown) color.
Market Segmentation
The global meat extract market is segmented on type, form, application, region, and competitional landscape. Based on type, the market is further fragmented into chicken, pork, beef, fish, and others (including lamb, turkey, etc.). Based on form, the market is categorized into powder, paste, oil, and granules. Based on applications, the market is segmented into food processing industry, and pharmaceutical/laboratory research. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Company Profiles
You'll find Nikken Foods Co., Ltd. (Japan), Essentia Protein Solutions (U.S.), Ariake Japan Co., Ltd. (Japan), JBS S.A. (Brazil), Carnad A/S, BRF S.A. (Brazil), Symrise AG, PT Foodex Inti Ingredients (Indonesia), Meioh Bussan Co., Ltd., and NH Foods Australia Pty Ltd. leading the charge in the global meat extract market. These major players are really focused on making their product lines even better to stay ahead of the game. Think about it – companies like Tillamook Country Smoker and Kerry Foods are coming up with wild new stuff like turkey jerky flavored with cranberry and pineapple, and even barbecue-flavored meatballs! Expect the meat extract market to get even more exciting over the next few years as everyone tries to come up with the next big thing.
| Attribute | Details |
| Base Year | 2022 |
| Historical Years | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Billion and CAGR for 2018-2022 and 2023-2028 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | Type Form Application Region Company |
| Regional Scope | North America, Europe, Asia-Pacific, Middle East & Africa and South America |
| Country Scope | United States; Canada; Mexico; Germany; France; United Kingdom; Italy; China; India; Japan; South Korea; Australia, Saudi Arabia; UAE, South Africa, Brazil; Argentina; Colombia |
| Key Companies Profiled | Nikken Foods Co., Ltd. (Japan), Essentia Protein Solutions (U.S.), Ariake Japan Co., Ltd. (Japan), JBS S.A. (Brazil), Carnad A/S, BRF S.A. (Brazil), Symrise AG, PT Foodex Inti Ingredients (Indonesia), Meioh Bussan Co., Ltd., NH Foods Australia Pty Ltd. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
Report Scope
In this report, the global Meat Extract market has been segmented into the following categories, in addition to the industry trends which have also been detailed below
- Meat Extract Market, By Type
- Chicken
- Pork
- Beef
- Fish
- Others
- Meat Extract Market, By Form
- Powder
- Paste
- Oil
- Granules
- Meat Extract Market, By Application
- Food Processing Industry
- Pharmaceutical/Laboratory Research
- Meat Extract Market, By Region
- North America
- United States
- Canada
- Mexico
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Poland
- Netherland
- Asia-Pacific
- China
- India
- Vietnam
- Japan
- Indonesia
- South Korea
- Australia
- New Zealand
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- Iran
- South Africa
- Egypt
- Saudi Arabia
- Israel
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