Meat Extract Market Synopsis

Meat Extract Market Size Was Valued at USD 1.85 Billion in 2023, and is Projected to Reach USD 3.1 Billion by 2032, Growing at a CAGR of 5.90% From 2024-2032.

Meat extract is obtained upon fluid extraction and concentration of the water-soluble division from meat. The term ‘meat extract’ is made from meat, bones, and liver, which contrast in their composition and flavor due to contrasts in their root and the components found in different crude materials.

• The worldwide meat extricates advertise has experienced unfaltering development driven by variables such as expanded shopper inclination for common nourishment fixings, rising requests for comfort nourishments, and the developing ubiquity of meat-based flavors.
• Meat extrication is made by controlled enzymatic hydrolysis of meat with moo fat and ligament substance considered as complementing the nutritive properties of peptone by contributing minerals, phosphates, vitality sources, and those basic variables lost from peptone.
• Key Advertise Players of meat extricate are, Oxo and Bovril, presently contain yeast extricate as well as meat extricate. Meat extrications are accessible in different assortments such as enhance enhancer, flavorings, base for broth and stocks, dietary supplement, and enhancing for snacks.
• Increased awareness regarding health benefits associated with meat extracts, such as their role in enhancing immune health and muscle repair, is influencing consumer choices.
• The popularity of ready-to-eat meals and snacks that utilize meat extracts as flavor enhancers is also contributing to market growth.

Meat Extract Market Trend Analysis

Growing Demand for Processed and Convenience Foods

• The developing request for prepared and comfort nourishments has essentially fueled the showcase for meat extracts, which are broadly utilized as flavor enhancers in different nourishment items. As urbanization proceeds to rise and ways of life ended up busier, buyers are progressively turning to ready-to-eat dinners and handled nourishments that offer comfort without compromising on taste. Meat extracts, known for their wealthy, savoury flavor, play a pivotal part in improving the taste of soups, sauces, snacks, and moment dinners, making them crucial within the nourishment industry. These extracts give the profundity of flavor that customers anticipate from home-cooked suppers, but in a fast and available arrange that fits their fast-paced lives.
• The slant is particularly noticeable in urban ranges where individuals frequently have less time to cook from scratch, driving to the next dependence on helpful nourishment alternatives. This move in customer behavior drives the request for high-quality meat extracts, as nourishment producers look for to meet the developing craving for flavourful, ready-to-eat items that cater to cutting edge dietary propensities.

Opportunity

Innovation in Product Development

• Development in item improvement presents a critical opportunity for companies within the meat extricate advertise to distinguish themselves and pull in a broader run of buyers. As dietary preferences and wellbeing awareness proceed to advance, there's developing request for meat extricate items that cater to particular needs, such as low-sodium or natural choices. By creating these custom fitted items, companies can request to health-conscious buyers who are looking for to decrease their sodium admissions or favor natural and clean-label fixings.
• Moreover, improving the dietary profile of meat extracts, such as by invigorating them with extra proteins, vitamins, or minerals, can advance draw in customers searching for utilitarian nourishments that contribute to their by and large wellness. Past health-focused developments, making one of a kind and assorted flavor profiles can too capture the intrigued of nourishment devotees and gutsy eaters, extending the advertise reach. By tapping into these rising buyer patterns, companies cannot as it was meet current advertise requests but too make unused openings for development and separation in a competitive industry.

Meat Extract Market Segment Analysis:

Meat Extract market is segmented on the basis of Type, Form, Application, and Region.

By Type, beef extract Segment Is Expected to Dominate the Market During the Forecast Period

• Among the different sorts of meat extracts, beef extract is the foremost overwhelming within the showcase. This dominance is fundamentally due to the wealthy, strong flavor that beef extract gives, making it profoundly flexible and widely used across different culinary applications. Meat extricate could be a key fixing in a run of nourishment items, counting soups, sauces, bouillons, and ready-to-eat dinners, where its profound, savoury taste improves the generally flavor profile.
• Furthermore, hamburger is one of the foremost commonly expended meats all inclusive, especially in North America and Europe, which drives the request for beef-based items, counting extracts. The ubiquity of meat in both conventional and advanced food, combined with its strong umami flavor, makes hamburger extricate a favored choice for nourishment producers and chefs, guaranteeing its driving position within the meat extricate advertise.

By Application, Soups and Broths Segment Held the Largest Share In 2023

• Within the meat extricate showcase, the Soups and Broths application portion is the foremost overwhelming. This dominance is driven by the central part that meat extricates play in giving the wealthy, savoury flavors that are basic in soups and broths. These items depend intensely on meat extricates to reproduce the profound, slow-cooked taste of hand-crafted soups, making them engaging to shoppers looking for helpful, however flavourful feast choices. The request for ready-made soups and broths has surged with the growing inclination for speedy, easy-to-prepare dinners that don't compromise on taste or quality.
•  Additionally, the flexibility of meat extricates permits them to be utilized in a wide assortment of soup and broth formulas, catering to differing culinary conventions and dietary inclinations around the world. The notoriety of soups and broths as consolation nourishments, combined with their visit utilize in both home cooking and the foodservice industry, cements this segment’s driving position within the advertise.

Meat Extract Market Regional Insights:

Europe is Expected to Dominate the Market Over the Forecast Period

• The Europe region, particularly countries like Germany, Switzerland, and the UK, dominates the global meat extract market. This dominance is largely due to the region's strong tradition in meat processing and food flavorings industries, coupled with advanced technology and innovation in food ingredient production. European companies have established themselves as leaders in producing high-quality meat extracts, which are used extensively in the food industry for flavor enhancement, nutritional supplements, and functional foods.
• Additionally, strict regulations and high standards in food safety and quality control in Europe have led to the development of premium products that are in high demand globally. The region's focus on sustainable and ethical sourcing of raw materials further strengthens its position in the market.

Meat Extract Market Active Players

• Givaudan (Switzerland)
• Carnad (France)
• Hormel Foods Corporation (USA)
• Smithfield Foods, Inc. (USA)
• Nestlé S.A. (Switzerland)
• Proliant Meat Ingredients (USA)
• Bovril (Unilever) (UK)
• BRF S.A. (Brazil)
• NH Foods Ltd. (Japan)
• Nippon Ham Foods Ltd. (Japan)
• Essentia Protein Solutions (USA)
• JBS S.A. (Brazil)
• Tate & Lyle PLC (UK)
• Dawn Meats (Ireland)
• Hormel Foods International Corporation (USA)
• Carniking (Lonza Group) (Switzerland)
• Maverick Biosciences (Australia)
• Lebensmittel Gruppe (Germany)
• Western Foods Ltd. (Canada)
• IDF (International Dehydrated Foods) (USA)
• Symrise AG (Germany)
• Ajinomoto Co., Inc. (Japan)
• Zhengzhou New Asia Animal Husbandry Co., Ltd. (China)
• Meat Cracks Technologie GmbH (Germany)
• AIPU Food Industry Co., Ltd. (China) and Other Active Members

Key Industry Developments in the Meat Extract Market:

• In March 2023, the U.S. Department of Agriculture (USDA) has made a substantial investment of over US$43 million in research, innovation, and expansion in the meat and poultry processing sector.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. MEAT EXTRACT MARKET BY TYPE (2017-2032)
   1. MEAT EXTRACT MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. CHICKEN
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors and Opportunities
      5. Geographic Segmentation Analysis
   4. PORK
   5. BEEF
   6. FISH
   7. TURKEY
   8. OTHERS
7. MEAT EXTRACT MARKET BY FORM (2017-2032)
   1. MEAT EXTRACT MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. POWDER
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors and Opportunities
      5. Geographic Segmentation Analysis
   4. PASTE
   5. LIQUID
   6. GRANULES
8. MEAT EXTRACT MARKET BY APPLICATION (2017-2032)
   1. MEAT EXTRACT MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. READY MEALS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors and Opportunities
      5. Geographic Segmentation Analysis
   4. SNACKS
   5. SOUPS & BROTHS
   6. SEASONINGS
   7. OTHERS
9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Benchmarking
      2. Meat Extract Market Share by Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. GIVAUDAN (SWITZERLAND)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves and Recent Developments
      10. SWOT Analysis
   3. GIVAUDAN (SWITZERLAND)
   4. CARNAD (FRANCE)
   5. HORMEL FOODS CORPORATION (USA)
   6. SMITHFIELD FOODS, INC. (USA)
   7. NESTLÉ S.A. (SWITZERLAND)
   8. PROLIANT MEAT INGREDIENTS (USA)
   9. BOVRIL (UNILEVER) (UK)
   10. BRF S.A. (BRAZIL)
   11. NH FOODS LTD. (JAPAN)
   12. NIPPON HAM FOODS LTD. (JAPAN)
   13. ESSENTIA PROTEIN SOLUTIONS (USA)
   14. JBS S.A. (BRAZIL)
   15. TATE & LYLE PLC (UK)
   16. DAWN MEATS (IRELAND)
   17. HORMEL FOODS INTERNATIONAL CORPORATION (USA)
   18. CARNIKING (LONZA GROUP) (SWITZERLAND)
   19. MAVERICK BIOSCIENCES (AUSTRALIA)
   20. LEBENSMITTEL GRUPPE (GERMANY)
   21. WESTERN FOODS LTD. (CANADA)
   22. IDF (INTERNATIONAL DEHYDRATED FOODS) (USA)
   23. SYMRISE AG (GERMANY)
   24. AJINOMOTO CO., INC. (JAPAN)
   25. ZHENGZHOU NEW ASIA ANIMAL HUSBANDRY CO., LTD. (CHINA)
   26. MEAT CRACKS TECHNOLOGIE GMBH (GERMANY)
   27. AIPU FOOD INDUSTRY CO., LTD. (CHINA)
10. GLOBAL MEAT EXTRACT MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors and Opportunities
       2. Key Manufacturers
       3. Historic and Forecasted Market Size by Type
       4. Historic and Forecasted Market Size by Form
       5. Historic and Forecasted Market Size by Application
       6. Historic and Forecasted Market Size by Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors and Opportunities
       2. Key Manufacturers
       3. Historic and Forecasted Market Size by Segments
       4. Historic and Forecasted Market Size by Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors and Opportunities
       2. Key Manufacturers
       3. Historic and Forecasted Market Size by Segments
       4. Historic and Forecasted Market Size by Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors and Opportunities
       2. Key Manufacturers
       3. Historic and Forecasted Market Size by Segments
       4. Historic and Forecasted Market Size by Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors and Opportunities
       2. Key Manufacturers
       3. Historic and Forecasted Market Size by Segments
       4. Historic and Forecasted Market Size by Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors and Opportunities
       2. Key Manufacturers
       3. Historic and Forecasted Market Size by Segments
       4. Historic and Forecasted Market Size by Country
          1. Brazil
          2. Argentina
          3. Rest of South America
11. INVESTMENT ANALYSIS
12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis

Potential Market Strategies