Press Release

Beef Meat Extract Segment is expected to Grow During the Forecast Period

The growing trend towards processed food owing to reduced meal preparation time and rising preference for protein-rich diets are the leading factors driving the global meat extracts market during the projected period.

According to TechSci Research report, “Meat Extract Market – Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F”

The Global Meat Extract market has witnessed significant growth in the last few decades owing to growing numbers of people consuming Ready-To-Eat meals. Moreover, meat extract usage is highly witnessed in South Asian countries such as China, Korea, and Singapore where the people prefer to consume. offal (defined as an internal organs of an animal used as food) from bovine, duck, pork, and chicken in the form of  making soups/broth or stew in soy sauce.

Producers began creating various meat-based snack items, fueling the expansion of the meat extract business. Processed snack foods are convenience food that are more durable, portable, and less perishable than cooked foods. Ready-to-eat snack consumption at parties, casual get-togethers, and picnics has taken off as a trend, increasing demand for meat extract and fueling the market's expansion.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Meat Extract Market."

The Meat Extract Market is segmented by type, form, application, and region. 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.  The application segment is divided 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.

In the type category, chicken has a higher protein content than most of the other typical meat products. As a result, it has grown in favor of health-conscious consumers. Chicken has been a popular option for both manufacturers and customers because of its inexpensive product and production cost.

When making broth for soups and other liquid-based dishes, meat extract powder,  made from chicken, beef, hog, and fish, is a solid and rich kind of meat extract. The product has a distinctively defined scent giving a meaty flavor to the food products while being highly soluble in water. However, they are insoluble in alcohol. Nutrients such as organic acids, vitamins, minerals, nucleotides, polypeptides, amino acids, creatinine, and creatine are abundant in powdered products. Due to its rising use in food items as a flavor and nutrient enhancer, the market for this segment is anticipated to have significant development possibilities over the forecast period.

Additionally, Quick Service Restaurants (QSRs) represent a significant portion of the commercial segment since many chain restaurants, such as McDonald's and Taco Bell, are working to deliver meals on time after realizing the working population is short on time. Chain restaurants are increasingly integrating meat extracts in their morning menus as the idea of a heavy meal has become quite popular, fueling market growth in the commercial application segment.

Key market players in the Meat Extract market include:

  • 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.

Various domestic and international companies are investing and entering the Meat Extracts market to cater to the growing demand through mergers or acquisitions. For instance, Givaudan, a flavor company, had purchased Dutch supplier Vika of ingredients for cheese, meat, and plant extracts as part of its 2020 goal to broaden its natural range.

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Moreover, with reductions in the Philippines, Argentina, Australia, the United Kingdom of Great Britain, and Northern Ireland, China saw the most significant growth in meat production in 2021, followed by small rises in Brazil, India, Turkey, Myanmar, Pakistan, Indonesia, and Viet Nam. Large-scale farmers in China have benefited from farm consolidation that favors them, along with modern feed management and breeding technology, which have helped them excel in product development.

Brazil is one of the most powerful meat-producing nations, generating 8 million tonnes of meat annually, leading the world in total meat extract exports. The meat extract, which has a yield of 0.03 kg/kg, is a by-product of the cooking broth used in the meat preparation. This product is highly sought after by the global food and pharmaceutical industries and is rich in iron, proteins, and amino acids.

" Various national and international companies are interested in this Meat Extracts category to enhance market growth. With the growing companies, the market is witnessing a stiff competition range of products with the additional and innovative varieties expected to fuel significant popularity of this market in the forecasted period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Meat Extract Market, By Type (Chicken, Pork, Beef, Fish, Others (include Lamb, Turkey, etc.)), By Form (Powder, Paste, Oil, Granules), By Application (Food Processing Industry, Pharmaceutical/Laboratory Research), By Region (North America, Europe, Asia-Pacific, South America, Middle East & Africa), Competition, Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of meat extracts and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in meat extracts globally.

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Relevant Reports

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

Consumer Goods and Retail | Mar, 2023

The growing trend towards processed food owing to reduced meal preparation time and rising preference for protein-rich diets are the leading factors driving the global meat extracts market during the projected period.

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