2025-2034 Meat Extract Market Roadmap: Insights for Competitive Advantage

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How Large Will the Meat Extract Market Size By 2025?
In recent times, the meat extract market has seen robust growth, expanding from a value of $7 billion in 2024 to an estimated worth of $7.43 billion in 2025, boasting a compound annual growth rate (CAGR) of 6.2%. This growth during the historic period can be ascribed to numerous factors including a surge in demand for ready-to-eat meals, the mounting popularity of meat flavors in assorted culinary dishes, an upswing in demand for protein-rich foods, an increase in the consumption of processed foods due to dynamic lifestyles, and enhanced application in various culinary traditions.

How Big Is the Meat Extract Market Size Expected to Grow by 2029?
The expansion of the meat extract market is projected to significantly rise in the forthcoming years, escalating to $9.62 billion by 2029 with a compound annual growth rate (CAGR) of 6.7%. The augmentation in the prediction period can be ascribed to the escalating demand for natural and clean-labelled products, a surge in protein supplement intake, and the growth in demand for organic food items. Moreover, the rising need for meat extract in the pharmaceutical sector and pet food products also contributes to this growth. The forecast period is expected to witness major trends such as plant-based meat extracts, uncomplicated and transparent labeling, e-commerce and direct to consumer sales, pioneering packaging practices, and gourmet and artisanal products.

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Which Key Market Drivers Powering Meat Extract Market Expansion and Growth?
The surge in popularity for food products and beverages rich in protein is projected to spur the expansion of the meat extract market. Protein-rich foods, acquired from both plant and animal sources, supply the body with all essential amino acids. Meat extract, being used as a protein source in diverse processed meals, not only promotes flavour and nutritional enrichment but also helps to decrease the salt content in processed meals. For example, a study by the US-based non-profit organization, International Dairy Foods Association (IDFA), declared in September 2022 that there was an increase in dairy consumption by 12.4 pounds per person in 2022. Based on milkfat, the average US citizen consumed 667 pounds of dairy in 2021. Significant growth was observed in specific dairy products. For instance, American-type cheese had an increase of 0.5 pounds, butter grew by 0.2 pounds, and yogurt added an extra 0.7 pounds. Therefore, the escalating consumer demand for food products and beverages rich in proteins propels the development of the meat extract market.

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Which Fast-Growing Trends Are Poised to Disrupt the Meat Extract Market?
In the meat extract market, the primary trend that has gained traction is product innovation. Several leading corporations in this sector have prioritized creating innovative products, introducing fresh approaches and processes into meat extract production and furthering its uses. For example, Japanese food and biotech firm, Ajinomoto Co. Inc., unveiled the KALDOPLUS in May 2024. The KALDOPLUS is a broth-like liquid flavoring prepared from chicken meat extract, designed to enhance the bouquet and flavor of chicken, mirroring the characteristics of homemade chicken stock. Composed of superior chicken meat extract and unique raw materials, it incorporates Ajinomoto's amino acid technology. It presents a perfect solution catering to hotels, restaurants, and the catering industry as a basic broth seasoning, simplifying the creation of chicken stock with intensified taste and smell. KALDOPLUS is sold in 1-liter containers, specifically to satisfy the requirements of the Horeca sector.

What Are the Emerging Segments in the Meat Extract Market?
The meat extract market covered in this report is segmented -

1) By Form: Powder, Liquid, Granules, Paste
2) By Meat: Beef, Chicken, Pork, Lamb, Other Meats
3) By Application: Industrial, Commercial

Subsegments:
1) By Powder: Spray-Dried Powder, Freeze-Dried Powder
2) By Liquid: Concentrated Liquid, Non-Concentrated Liquid
3) By Granules: Fine Granules, Coarse Granules
4) By Paste: Thick Paste, Semi-Thick Paste

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Who Are the Global Leaders in the Meat Extract Market?
Major companies operating in the meat extract market include Givaudan SA, Haco Holding AG, International Dehydrated Foods Inc., Carnad A/S, Titan Biotech Ltd., Bhagwati Chemicals, Nikken Foods Co Ltd., Colin Ingredients SAS, NH Foods Limited, Inthaco Co Ltd., Activ International SA, Maverick Biosciences Pty Ltd., Nippon Ham Group, ARIAKE Japan Co Ltd., Meioh Bussan Co Ltd., Kanegrade Limited., BRF S.A., Cargill Incorporated, Clemens Food Group, Conagra Brands Inc., Hormel Foods Corporation, Joesley Batista Sobrinho S.A., Minerva Foods SA, Tyson Foods Inc., Smithfield Foods Inc., Sanderson Farms Inc., Perdue Farms Inc., Pilgrim's Pride Corporation, OSI Group LLC, Marfrig Global Foods S.A., Danish Crown A/S, Tönnies Holding GmbH & Co. KG, Vion Food Group, Westfleisch SCE mbH, H. J. Heinz Company, Nestle S.A., Unilever Group, Kerry Group, Tate & Lyle PLC, Symrise AG, Firmenich SA, International Flavors & Fragrances Inc., Mane SA

Which are the Top Profitable Regional Markets for the Meat Extract Industry?
North America was the largest region in the meat extract market in 2024. The regions covered in the meat extract market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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