Economics and Trade

At 3.1% CAGR, Global Meat Extract Market to Surpass US$ 26.3 Bn By 2026, Forecast Report By Zion Market Research

By prabha00 17 Jan 2024

The meat extract market size was valued USD 20.6 Billion in 2018 and is expected to reach USD 26.3 Billion by 2026, growing at a CAGR of around 3.1% between 2019 and 2026. The report meat extract market covers forecast and analysis on a global and regional level. The research report presents a broad valuation of the market, competition, prospects, emerging trends, and industry-validated market statistics. The study provides historic data of 2016 to 2018 along with a forecast from 2019 to 2026 based revenue (USD Million).

Meat Extract Market Overview

A sizeable market share was estimated for the worldwide meat extract industry. Over the course of the forecast period, a high CAGR is expected to be seen by the worldwide meat extract market. Meat extract is used in processed goods and cookery to enhance the flavour of meat. Usually produced from beef, it is a highly concentrated meat stock. Because of its high nutritional content and numerous health benefits, the food sector is experiencing an exponential increase in demand for beef extract. Furthermore, the market demand for meat extract is being met by the high protein content of the extract.

Get a Free Sample : https://www.zionmarketresearch.com/sample/meat-extract-market

The global meat extract market is divided into four categories based on the type of meat: beef, chicken, lamb, and pork. In 2018, the sector catering to chicken types held the highest market share. The industry is also anticipated to increase significantly because of the advantages it provides for brain development and muscle building. The segment is expected to support market demand since chicken extract ingestion helps to improve cognitive performance, particularly with regard to memory and learning.

Based on the form, the powder, liquid, granules, and paste segments make up the worldwide meat extract market. The paste segment held a dominant market share in the worldwide meat extract market in 2018. Because of its great solubility in food and ease of usage, the category is anticipated to maintain its dominance over the projection period. Given the extensive usage of extracts in paste form in prepared meals, stock powder, seasoning, nuggets, soups, and sauces, the market is anticipated to rise favourably due to this segment.

The food processing and lab testing segments of the worldwide meat extract market are categorised based on the final application. Because it is used for so many different things, including sauces, soup powders, ready meals, nuggets, stuffing, and seasoning, the food processing segment has taken the most share.

Directly Purchase a copy of the report with TOC @

https://www.zionmarketresearch.com/toc/meat-extract-market

Meat Extract Market Regional Analysis

In terms of geographic share, North America held the most proportion in 2018. Because of the rising demand for meat-based snacks and the expansion of microbiological research activities, the region is predicted to see significant increase in terms of revenue. Furthermore, regional growth is strongly impacted by consumers' rising understanding of the health benefits of eating meat-rich foods. Over the course of the projection period, the Asia-Pacific market is anticipated to develop at the fastest rate. The region's demand is anticipated to be boosted by the growing emphasis on living an active and healthy lifestyle in developing nations like China and India, the general public's increased frequency of exercise, and rising disposable income.

Meat Extract Market Key Players

Carnad A/S
JBS Global Ltd.
Colin Ingredients
NH Foods Australia Pvt. Ltd.
Proliant Inc.
ARIAKE Japan Co. Ltd.
Nikken Foods Co. Ltd.
Innova Flavors Co. Ltd.
Meioh Bussan Co. Ltd.

The major strategies executed by these leading companies in the market are partnerships, new Meat Type launches, and mergers acquisitions. These companies are focusing more on investment in innovations, partnerships, and expansions to increase their market share.