The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Growing demand for protein-rich food products and beverages are expected to drive innovation in meat extract manufacturing, thus driving the market during the forecast period.

The global meat extract market is expected to grow from $6.27 billion in 2022 to $6.79 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. 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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Global Meat Extract Market Segments Include:

• By Form: Powder, Liquid, Granules, Paste
• By Meat:Beef, Chicken, Pork, Lamb, Other Meats
• By Application:Industrial, Commercial
• By Geography:The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global meat extract market in 2021.

Major Market Players 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.

Product innovations have emerged as the key trend gaining popularity in the meat extract market. Major companies operating in the meat extract sector focused on products innovations to bring new methods and procedures for producing meat extract and increasing its applications. For instance, in June 2021, Essentia Protein Solutions, a US-based protein solutions company, developed C3307 Chicken Flavour, which is higher in protein, lower in carbohydrates, and has no added salt. This chicken flavour is ideal for low-sodium applications that demand a strong chicken flavour. C3307 allows developers to achieve lower salt constraints while still delivering tasty, full-bodied chicken flavours in their completed goods.

The Meat Extract Global Market Report 2023 provides a meat extract market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The meat extract market forecast analyzes meat extract market size, meat extract market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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.

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