According to our latest market study on "Meat Extract Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Form, and Application", the market is expected to grow from US$ 1,738.27 million in 2021 to US$ 2,477.03 million by 2028; it is expected to grow at a CAGR of 5.2% from 2021 to 2028.

Meat extract is made from chicken, beef, or pork meat. It enhances the meaty flavor in food products such as soups, sauces, dressings, meat snacks, and ready meals. Generally, meat is minced into smaller pieces and is cooked in water to prepare concentrated liquid meat extract. This can be added to soups, sauces, and ready meals. Powdered meat extract can be used in seasoning, spice mix, and dry soup blends. The rising demand for meat products with enhanced natural flavors is driving the growth of the meat extract market.

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The food & beverages sector faced unexpected challenges due to the COVID-19 pandemic. Government restrictions, such as lockdowns, production shutdowns, travel bans, and border restrictions, disrupted the global supply chains in 2020. Disruptions in manufacturing and raw material sourcing operations hampered the growth of the meat extract market. During the lockdown periods, restrictions on people’s movements outside their houses triggered panic-buying situations, which increased the sales of convenience products, including meat products, which benefited the meat extract market.

Meat Extract Market: Competitive Landscape

Colin Ingredients; Carnad Natural Taste; Diana Group; PT Foodex Inti Ingredients; Givaudan S.A.; JBS SA.; Maverick Biosciences Pty Ltd; Nippon Ham Group; Titan Biotech Limited; and Proliant Biologicals, LLC. Are among the key players operating in the global Meat Extract market. These companies provide a wide range of product portfolios for the market. They have a widespread global presence, which provides a lucrative opportunity for helps the market tom to serve a large set of customers and increase share of the market share. These market players are highly focused on developing products with advanced technology platforms to serve their customers better.

Based on type, the meat extract market is segmented into beef, pork, chicken, and others. The beef segment held the largest share in the market; however, the chicken segment is emerging as a prominent segment. Manufacturers increasingly use beef extract powder in food processing applications, including stuffing cubes, nuggets, stock powder, bouillon cubes, seasoning, coatings, soup powders, sauces, ready meals, snacks, and other liquid products. As beef is rich in protein, its demand is increasing among consumers. Symrise, a manufacturer of meat extracts and other food ingredients, offers beef bone broth and extract, which have 90% protein, whereas the beef meat powder has ~70% protein. Consumers are rapidly shifting toward high-protein snacks as they have become more health-conscious. Thus, increasing demand for such products is driving the growth of the beef segment.

Meat Extract Market Segment by Regions, regional analysis covers               

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, UK, Russia and Italy)
  • Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
  • South America (Brazil, Argentina, Colombia etc.)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

The report currently provides detailed insights on trends, market share, market size, market value, and trading volume. The global Meat Extract market report provides a comprehensive analysis of COVID-19 infections and how it has impacted market growth. This study explains the future opportunities for market participants. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory.

Research objectives:                              

  • To study and analyze the global Meat Extract market size by key regions/countries, product type and application, history data from 2018 to 2020, and forecast to 2028.
  • To understand the structure of Meat Extract market by identifying its various sub segments.
  • Focuses on the key global Meat Extract players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
  • To analyze the Meat Extract with respect to individual growth trends, future prospects, and their contribution to the total market.
  • To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
  • To project the size of Meat Extract submarkets, with respect to key regions (along with their respective key countries).
  • To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
  • To strategically profile the key players and comprehensively analyze their growth strategies.

Table of Contents: Meat Extract Market

  • Part 1: Overview of Meat Extract Market
  • Part 2: Meat Extract Carts: Global Market Status and Forecast by Regions
  • Part 3: Global Market Status and Forecast by Types
  • Part 4: Global Market Status and Forecast by Downstream Industry
  • Part 5: Market Driving Factor Analysis
  • Part 6: Market Competition Status by Major Manufacturers
  • Part 7: Major Manufacturers Introduction and Market Data
  • Part 8: Upstream and Downstream Market Analysis
  • Part 9: Cost and Gross Margin Analysis
  • Part 10: Marketing Status Analysis
  • Part 11: Market Report Conclusion
  • Part 12: Meat Extract: Research Methodology and Reference

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