Meat Extract Industry Size, Market Growth, Insights, Trends, Share, and Forecast to 2032
As per the Meat Extract market report by The Business Research Company, Growing demand for protein-rich food products and beverages is expected to fuel the growth of the meat extract market going forward. Protein-rich foods are protein sources derived from plants and animals. It is a source that provides the body with all the amino acids it requires. Meat extract can be used as a protein source in a variety of processed meals, it can lower salt levels in processed foods while enhancing flavour and nutritional value.
The global meat extract market size grew from $6.27 billion in 2022 to $6.79 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The meat extract market size is expected to grow to $8.85 billion in 2027 at a CAGR of 6.9%.
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Major competitors in the Meat Extract market include Givaudan, Haco Holding AG, International Dehydrated Foods Inc., Carnad Natural Taste, Titan Biotech, Bhagwati Chemical, Nikken Foods Co. Ltd., Colin Ingredients, NH Foods Limited, Inthaco Co. Ltd., Activ International, Maverick Biosciences Pty Ltd., Nippon Ham Group, ARIAKE Japan Co. Ltd., Meioh Bussan Co. Ltd., and Kanegrade Limited.
The Meat Extract market is segmented -
1) By Form: Powder, Liquid, Granules, Paste
2) By Meat: Beef, Chicken, Pork, Lamb, Other Meats
3) By Application: Industrial, Commercial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Meat Extract market.
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Meat extract is a concentrated preparation that contains concentrated meat essence. It is a robust and rich variety of meat stock typically obtained from beef, chicken, and pork. Its primary purpose is to add meat flavour in cooking and to prepare the soups and other liquid-based dishes.
The Table Of Content For The Meat Extract Market Include:
1. Executive Summary
2. Meat Extract Market Characteristics
3. Meat Extract Market Trends And Strategies
4. Meat Extract Market - Macro Economic Scenario
5. Meat Extract Market Size And Growth
26. Africa Meat Extract Market
27. Meat Extract Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Meat Extract Market
29. Meat Extract Market Future Outlook and Potential Analysis
The "Global Meat Extract Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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