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Meat Extract Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Type (Chicken, Pork, Beef, Fish, Others (Lamb, Turkey, etc.)), By Form (Powder, Paste, Oil, Granules), By Application (Food Processing Industry, Pharmaceutical/Laboratory Research), By Region, Competition

March 2023 | 115 pages | ID: M2D4AD89F57CEN
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The global meat extract market is anticipated to project robust growth due to the increasing demand for protein-offering products in the forecast period. The rising concern for health and wellness is deteriorating owing to hectic lifestyles and prolonged work schedules, which, in turn, will drive the market. Additionally, the market for meat extracts is anticipated to develop due to the rising consumption of meat products and snacks. Additionally, it is projected that the demand for meat extracts will be driven by the expanding applications of meat extracts for creating bacterial suspension.

A Meat extract is defined as a concentrated meat stock that is mostly made from meat. It is frequently used to add a meaty taste to liquid-based soups. Most processed foods contain meat extracts to give the products a meat flavor. Its usage includes stock powder, stuffing, nibbles, nuggets, prepared meals, bouillon cubes, seasoning, soups, coatings, soup powders, and sauces.

Moreover, it has been analyzed that raw meat production is less profitable to companies compared to the offering of by-products. According to the United States Department of Agriculture Economic Research Service, meat products account for 11.4% of the beef industry's gross revenue, among which 7.5% of the total is represented by pork. It has been analyzed that unused meat products result in financial losses while seriously harming the ecosystem. However, meat processors may profit from meat by-products with better utilization.

Increased Necessity of Beef Extract in Bioresearch Facilities Will Fuel the Market Growth

Meat extract powder is a primary ingredient used mostly for bacterial culture and fermentation, aiding the artificial growth of microorganisms. The powdered beef extract is frequently used to make different media for biopharmaceutical fermentation. This product was created from fresh meat by the manufacturer of meat extract powder for microbiology. It utilized autolysis, hydrolysis, separation, concentration, and other cutting-edge high-tech, biologically refined soluble paste goods.

Innovating Offerings Aiding the Market Growth

The accelerating demand for launching new and innovative products by important companies within each type of category stands out to be a significant factor in the market’s growth. Beef meat powder can be added to increase the protein content and add a distinctive flavor to a variety of meat products such as soups, meals, sauces & dressings, seasonings, and snacks. By contrast, Symrise beef bone broth and extracts have 90% protein, while Symrise beef meat powder has 70% protein expressed in dry matter. As consumers have become more health conscious, particularly in the wake of the COVID-19 outbreak, they are quickly gravitating toward high-protein snacks. This aspect is projected to propel the global market for meat extracts in the upcoming years.

Government Stringent Laws in Meat Extract are Influencing the Market Growth

Because various nations restrict the use of meat by-products for food safety and quality, regulatory restrictions have become crucial for the manufacturers to comply with the suitable market while offering meat extract. For instance, the USDA mandates that mechanically separated meat and other types of meat be clearly listed as ingredients on labels. Additionally, meat extract should have less than 0.6% fat, 8.0% nitrogen, and more than 75% total solid matter. An evaporator that operates between 70 and 75 °C can be used to concentrate pork stock. This results in a final product that contains 80% solids. The finished product should be odorless, tasteless, and have a natural color (brown or light brown).

Market Segmentation

The global meat extract market is segmented on type, form, application, region, and competitional landscape. Based on type, the market is further fragmented into chicken, pork, beef, fish, and others (including lamb, turkey, etc.). Based on form, the market is categorized into powder, paste, oil, and granules. Based on applications, the market is segmented into the food processing industry and pharmaceutical/laboratory research. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Company Profiles

Nikken Foods Co., Ltd. (Japan), Essentia Protein Solutions (U.S.), Ariake Japan Co., Ltd. (Japan), JBS S.A. (Brazil), Carnad A/S, BRF S.A. (Brazil), Symrise AG, PT Foodex Inti Ingredients (Indonesia), Meioh Bussan Co., Ltd., NH Foods Australia Pty Ltd. are among the major market players in the global platform that lead the market growth of the global Meat Extract market. Companies are focusing on enhancing their product portfolio to remain competitive in the market. For instance, Companies like Tillamook Country Smoker and Kerry Foods have developed new branding strategies with ground-breaking products like turkey jerky flavored with cranberry and pineapple and meatballs with a barbecue flavor. Throughout the projection period, it is anticipated that the market for meat extracts will become more competitive due to the novel product divisions.

Report Scope:

In this report, the global Meat Extract market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
  • Meat Extract Market, By Type:
    • Chicken
    • Pork
    • Beef
    • Fish
    • Others
  • Meat Extract Market, By Form:
    • Powder
    • Paste
    • Oil
    • Granules
  • Meat Extract Market, By Application:
    • Food Processing Industry
    • Pharmaceutical/Laboratory Research
  • Meat Extract Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • United Kingdom
      • Germany
      • France
      • Italy
      • Spain
      • Poland
      • Netherland
    • Asia-Pacific
      • China
      • India
      • Vietnam
      • Japan
      • Indonesia
      • South Korea
      • Australia
      • New Zealand
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • Iran
      • South Africa
      • Egypt
      • Saudi Arabia
      • Israel
Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global meat extract market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information
  • Detailed analysis and profiling of additional market players (up to five).
1. INTRODUCTION

1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered

2. RESEARCH METHODOLOGY

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Forms
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. EXECUTIVE SUMMARY

3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments

4. VOICE OF CUSTOMER ANALYSIS (B2B MARKET)

4.1. Forms of Information
4.2. Brand Awareness
4.3. Factors Influencing Purchase Decision
4.4. Challenges Faced Post Purchase

5. GLOBAL MEAT EXTRACT MARKET OUTLOOK

5.1. Market Size & Forecast
  5.1.1. By Value
5.2. Market Share & Forecast
  5.2.1. By Type Market Share Analysis (Chicken, Pork, Beef, Fish, Others (include Lamb, Turkey, etc.)
  5.2.2. By Form Market Share Analysis (Powder, Paste, Oil, Granules)
  5.2.3. By Application Market Share Analysis (Food Processing Industry, Pharmaceutical/Laboratory Research)
  5.2.4. By Regional Market Share Analysis
    5.2.4.1. North America Market Share Analysis
    5.2.4.2. Europe Market Share Analysis
    5.2.4.3. Asia -Pacific Market Share Analysis
    5.2.4.4. South America Market Share Analysis
    5.2.4.5. Middle East & Africa Market Share Analysis
  5.2.5. By Company Market Share Analysis
5.3. Global Meat Extract Market Mapping & Opportunity Assessment
  5.3.1. By Type Market Mapping & Opportunity Assessment
  5.3.2. By Form Market Mapping & Opportunity Assessment
  5.3.3. By Application Market Mapping & Opportunity Assessment
  5.3.4. By Regional Market Mapping & Opportunity Assessment

6. NORTH AMERICA MEAT EXTRACT MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value
6.2. Market Share & Forecast
  6.2.1. By Type Market Share Analysis
  6.2.2. By Form Market Share Analysis
  6.2.3. By Application Market Share Analysis
  6.2.4. By Country
    6.2.4.1. United States Meat Extract Market Outlook
      6.2.4.1.1. Market Size & Forecast
        6.2.4.1.1.1. By Value
      6.2.4.1.2. Market Share & Forecast
        6.2.4.1.2.1. By Type Market Share Analysis
        6.2.4.1.2.2. By Form Market Share Analysis
        6.2.4.1.2.3. By Application Market Share Analysis
    6.2.4.2. Canada Meat Extract Market Outlook
      6.2.4.2.1. Market Size & Forecast
        6.2.4.2.1.1. By Value
      6.2.4.2.2. Market Share & Forecast
        6.2.4.2.2.1. By Type Market Share Analysis
        6.2.4.2.2.2. By Form Market Share Analysis
        6.2.4.2.2.3. By Application Market Share Analysis
    6.2.4.3. Mexico Meat Extract Market Outlook
      6.2.4.3.1. Market Size & Forecast
        6.2.4.3.1.1. By Value
      6.2.4.3.2. Market Share & Forecast
        6.2.4.3.2.1. By Type Market Share Analysis
        6.2.4.3.2.2. By Form Market Share Analysis
        6.2.4.3.2.3. By Application Market Share Analysis

7. EUROPE MEAT EXTRACT MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value
7.2. Market Share & Forecast
  7.2.1. By Type Market Share Analysis
  7.2.2. By Form Market Share Analysis
  7.2.3. By Application Market Share Analysis
  7.2.4. By Country
    7.2.4.1. United Kingdom Meat Extract Market Outlook
      7.2.4.1.1. Market Size & Forecast
        7.2.4.1.1.1. By Value
      7.2.4.1.2. Market Share & Forecast
        7.2.4.1.2.1. By Type Market Share Analysis
        7.2.4.1.2.2. By Form Market Share Analysis
        7.2.4.1.2.3. By Application Market Share Analysis
    7.2.4.2. Germany Meat Extract Market Outlook
      7.2.4.2.1. Market Size & Forecast
        7.2.4.2.1.1. By Value
      7.2.4.2.2. Market Share & Forecast
        7.2.4.2.2.1. By Type Market Share Analysis
        7.2.4.2.2.2. By Form Market Share Analysis
        7.2.4.2.2.3. By Application Market Share Analysis
    7.2.4.3. Italy Meat Extract Market Outlook
      7.2.4.3.1. Market Size & Forecast
        7.2.4.3.1.1. By Value
      7.2.4.3.2. Market Share & Forecast
        7.2.4.3.2.1. By Type Market Share Analysis
        7.2.4.3.2.2. By Form Market Share Analysis
        7.2.4.3.2.3. By Application Market Share Analysis
    7.2.4.4. France Meat Extract Market Outlook
      7.2.4.4.1. Market Size & Forecast
        7.2.4.4.1.1. By Value
      7.2.4.4.2. Market Share & Forecast
        7.2.4.4.2.1. By Type Market Share Analysis
        7.2.4.4.2.2. By Form Market Share Analysis
        7.2.4.4.2.3. By Application Market Share Analysis
    7.2.4.5. Spain Meat Extract Market Outlook
      7.2.4.5.1. Market Size & Forecast
        7.2.4.5.1.1. By Value
      7.2.4.5.2. Market Share & Forecast
        7.2.4.5.2.1. By Type Market Share Analysis
        7.2.4.5.2.2. By Form Market Share Analysis
        7.2.4.5.2.3. By Application Market Share Analysis
    7.2.4.6. Poland Meat Extract Market Outlook
      7.2.4.6.1. Market Size & Forecast
        7.2.4.6.1.1. By Value
      7.2.4.6.2. Market Share & Forecast
        7.2.4.6.2.1. By Type Market Share Analysis
        7.2.4.6.2.2. By Form Market Share Analysis
        7.2.4.6.2.3. By Application Market Share Analysis
    7.2.4.7. Netherlands Meat Extract Market Outlook
      7.2.4.7.1. Market Size & Forecast
        7.2.4.7.1.1. By Value
      7.2.4.7.2. Market Share & Forecast
        7.2.4.7.2.1. By Type Market Share Analysis
        7.2.4.7.2.2. By Form Market Share Analysis
        7.2.4.7.2.3. By Application Market Share Analysis

8. ASIA-PACIFIC MEAT EXTRACT MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value
8.2. Market Share & Forecast
  8.2.1. By Type Market Share Analysis
  8.2.2. By Form Market Share Analysis
  8.2.3. By Application Market Share Analysis
  8.2.4. By Country
    8.2.4.1. China Meat Extract Market Outlook
      8.2.4.1.1. Market Size & Forecast
        8.2.4.1.1.1. By Value
      8.2.4.1.2. Market Share & Forecast
        8.2.4.1.2.1. By Type Market Share Analysis
        8.2.4.1.2.2. By Form Market Share Analysis
        8.2.4.1.2.3. By Application Market Share Analysis
    8.2.4.2. India Meat Extract Market Outlook
      8.2.4.2.1. Market Size & Forecast
        8.2.4.2.1.1. By Value
      8.2.4.2.2. Market Share & Forecast
        8.2.4.2.2.1. By Type Market Share Analysis
        8.2.4.2.2.2. By Form Market Share Analysis
        8.2.4.2.2.3. By Application Market Share Analysis
    8.2.4.3. Vietnam Meat Extract Market Outlook
      8.2.4.3.1. Market Size & Forecast
        8.2.4.3.1.1. By Value
      8.2.4.3.2. Market Share & Forecast
        8.2.4.3.2.1. By Type Market Share Analysis
        8.2.4.3.2.2. By Form Market Share Analysis
        8.2.4.3.2.3. By Application Market Share Analysis
    8.2.4.4. Japan Meat Extract Market Outlook
      8.2.4.4.1. Market Size & Forecast
        8.2.4.4.1.1. By Value
      8.2.4.4.2. Market Share & Forecast
        8.2.4.4.2.1. By Type Market Share Analysis
        8.2.4.4.2.2. By Form Market Share Analysis
        8.2.4.4.2.3. By Application Market Share Analysis
        8.2.4.4.2.4.
    8.2.4.5. Indonesia Meat Extract Market Outlook
      8.2.4.5.1. Market Size & Forecast
        8.2.4.5.1.1. By Value
      8.2.4.5.2. Market Share & Forecast
        8.2.4.5.2.1. By Type Market Share Analysis
        8.2.4.5.2.2. By Form Market Share Analysis
        8.2.4.5.2.3. By Application Market Share Analysis
    8.2.4.6. South Korea Meat Extract Market Outlook
      8.2.4.6.1. Market Size & Forecast
        8.2.4.6.1.1. By Value
      8.2.4.6.2. Market Share & Forecast
        8.2.4.6.2.1. By Type Market Share Analysis
        8.2.4.6.2.2. By Form Market Share Analysis
        8.2.4.6.2.3. By Application Market Share Analysis
    8.2.4.7. Australia Meat Extract Market Outlook
      8.2.4.7.1. Market Size & Forecast
        8.2.4.7.1.1. By Value
      8.2.4.7.2. Market Share & Forecast
        8.2.4.7.2.1. By Type Market Share Analysis
        8.2.4.7.2.2. By Form Market Share Analysis
        8.2.4.7.2.3. By Application Market Share Analysis
    8.2.4.8. New Zealand Meat Extract Market Outlook
      8.2.4.8.1. Market Size & Forecast
        8.2.4.8.1.1. By Value
      8.2.4.8.2. Market Share & Forecast
        8.2.4.8.2.1. By Type Market Share Analysis
        8.2.4.8.2.2. By Form Market Share Analysis
        8.2.4.8.2.3. By Application Market Share Analysis

9. SOUTH AMERICA MEAT EXTRACT MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value
9.2. Market Share & Forecast
  9.2.1. By Type Market Share Analysis
  9.2.2. By Form Market Share Analysis
  9.2.3. By Application Market Share Analysis
  9.2.4. By Country
    9.2.4.1. Brazil Meat Extract Market Outlook
      9.2.4.1.1. Market Size & Forecast
        9.2.4.1.1.1. By Value
      9.2.4.1.2. Market Share & Forecast
        9.2.4.1.2.1. By Type Market Share Analysis
        9.2.4.1.2.2. By Form Market Share Analysis
        9.2.4.1.2.3. By Application Market Share Analysis
    9.2.4.2. Argentina Meat Extract Market Outlook
      9.2.4.2.1. Market Size & Forecast
        9.2.4.2.1.1. By Value
      9.2.4.2.2. Market Share & Forecast
        9.2.4.2.2.1. By Type Market Share Analysis
        9.2.4.2.2.2. By Form Market Share Analysis
        9.2.4.2.2.3. By Application Market Share Analysis
    9.2.4.3. Colombia Meat Extract Market Outlook
      9.2.4.3.1. Market Size & Forecast
        9.2.4.3.1.1. By Value
      9.2.4.3.2. Market Share & Forecast
        9.2.4.3.2.1. By Type Market Share Analysis
        9.2.4.3.2.2. By Form Market Share Analysis
        9.2.4.3.2.3. By Application Market Share Analysis

10. MIDDLE EAST & AFRICA MEAT EXTRACT MARKET OUTLOOK

10.1. Market Size & Forecast
  10.1.1. By Value
10.2. Market Share & Forecast
  10.2.1. By Type Market Share Analysis
  10.2.2. By Form Market Share Analysis
  10.2.3. By Application Market Share Analysis
  10.2.4. By Country
    10.2.4.1. Iran Meat Extract Market Outlook
      10.2.4.1.1. Market Size & Forecast
        10.2.4.1.1.1. By Value
      10.2.4.1.2. Market Share & Forecast
        10.2.4.1.2.1. By Type Market Share Analysis
        10.2.4.1.2.2. By Form Market Share Analysis
        10.2.4.1.2.3. By Application Market Share Analysis
    10.2.4.2. South Africa Meat Extract Market Outlook
      10.2.4.2.1. Market Size & Forecast
        10.2.4.2.1.1. By Value
      10.2.4.2.2. Market Share & Forecast
        10.2.4.2.2.1. By Type Market Share Analysis
        10.2.4.2.2.2. By Form Market Share Analysis
        10.2.4.2.2.3. By Application Market Share Analysis
    10.2.4.3. Egypt Meat Extract Market Outlook
      10.2.4.3.1. Market Size & Forecast
        10.2.4.3.1.1. By Value
      10.2.4.3.2. Market Share & Forecast
        10.2.4.3.2.1. By Type Market Share Analysis
        10.2.4.3.2.2. By Form Market Share Analysis
        10.2.4.3.2.3. By Application Market Share Analysis
    10.2.4.4. Saudi Arabia Meat Extract Market Outlook
      10.2.4.4.1. Market Size & Forecast
        10.2.4.4.1.1. By Value
      10.2.4.4.2. Market Share & Forecast
        10.2.4.4.2.1. By Type Market Share Analysis
        10.2.4.4.2.2. By Form Market Share Analysis
        10.2.4.4.2.3. By Application Market Share Analysis
    10.2.4.5. Israel Meat Extract Market Outlook
      10.2.4.5.1. Market Size & Forecast
        10.2.4.5.1.1. By Value
      10.2.4.5.2. Market Share & Forecast
        10.2.4.5.2.1. By Type Market Share Analysis
        10.2.4.5.2.2. By Form Market Share Analysis
        10.2.4.5.2.3. By Application Market Share Analysis

11. MARKET DYNAMICS

11.1. Drivers
  11.1.1. Growing Health Consciousness
  11.1.2. Increasing demand from Food Processing Industries
  11.1.3. Rising shift towards Protein rich Products
11.2. Challenges
  11.2.1. Stringent Government Laws
  11.2.2. Rising Demand for Plant based meat Substitutes

12. IMPACT OF COVID-19 ON GLOBAL MEAT EXTRACTS MARKET

12.1. Impact Assessment Model
  12.1.1. Key Segments Impacted
  12.1.2. Key Regions Impacted
  12.1.3. Key Countries Impacted
  12.1.4. Key Application Impacted

13. MARKET TRENDS & DEVELOPMENTS

13.1. Innovative Product Launch
13.2. Growing preference towards Ready-to-eat Products
13.3. Rapid Urbanization Leading to Change in Dietary Habits
13.4. Surging demand for Beef Extract Products
13.5. Surging demand in Developing Countries

14. IMPORT AND EXPORT ANALYSIS

14.1. Top 5 Exporting Countries
  14.1.1. By Value
14.2. Top 5 Exporting Countries
  14.2.1. By Value

15. PORTER’S FIVE FORCES MODEL

15.1. Competitive Rivalry
15.2. Bargaining Power of Buyers
15.3. Bargaining Power of Suppliers
15.4. Threat of New Entrants
15.5. Threat of Substitutes

16. SWOT ANALYSIS

16.1. Strengths
16.2. Weaknesses
16.3. Opportunities
16.4. Threats

17. COMPETITIVE LANDSCAPE

17.1. Company Profiles
  17.1.1. Nikken Foods Co., Ltd. (Japan)
    17.1.1.1. Company Details
    17.1.1.2. Products & Services
    17.1.1.3. Financial (As reported)
    17.1.1.4. Key Market Focus & Geographical Presence
    17.1.1.5. Recent Developments
    17.1.1.6. Key Management Personnel
  17.1.2. Essentia Protein Solutions (U.S.)
    17.1.2.1. Company Details
    17.1.2.2. Products & Services
    17.1.2.3. Financial (As reported)
    17.1.2.4. Key Market Focus & Geographical Presence
    17.1.2.5. Recent Developments
    17.1.2.6. Key Management Personnel
  17.1.3. Ariake Japan Co., Ltd. (Japan)
    17.1.3.1. Company Details
    17.1.3.2. Products & Services
    17.1.3.3. Financial (As reported)
    17.1.3.4. Key Market Focus & Geographical Presence
    17.1.3.5. Recent Developments
    17.1.3.6. Key Management Personnel
  17.1.4. JBS S.A. (Brazil)
    17.1.4.1. Company Details
    17.1.4.2. Products & Services
    17.1.4.3. Financial (As reported)
    17.1.4.4. Key Market Focus & Geographical Presence
    17.1.4.5. Recent Developments
    17.1.4.6. Key Management Personnel
  17.1.5. Carnad A/S
    17.1.5.1. Company Details
    17.1.5.2. Products & Services
    17.1.5.3. Financial (As reported)
    17.1.5.4. Key Market Focus & Geographical Presence
    17.1.5.5. Recent Developments
    17.1.5.6. Key Management Personnel
  17.1.6. BRF S.A. (Brazil)
    17.1.6.1. Company Details
    17.1.6.2. Products & Services
    17.1.6.3. Financial (As reported)
    17.1.6.4. Key Market Focus & Geographical Presence
    17.1.6.5. Recent Developments
    17.1.6.6. Key Management Personnel
  17.1.7. Symrise AG
    17.1.7.1. Company Details
    17.1.7.2. Products & Services
    17.1.7.3. Financial (As reported)
    17.1.7.4. Key Market Focus & Geographical Presence
    17.1.7.5. Recent Developments
    17.1.7.6. Key Management Personnel
  17.1.8. PT Foodex Inti Ingredients (Indonesia)
    17.1.8.1. Company Details
    17.1.8.2. Products & Services
    17.1.8.3. Financial (As reported)
    17.1.8.4. Key Market Focus & Geographical Presence
    17.1.8.5. Recent Developments
    17.1.8.6. Key Management Personnel
  17.1.9. Meioh Bussan Co., Ltd.
    17.1.9.1. Company Details
    17.1.9.2. Products & Services
    17.1.9.3. Financial (As reported)
    17.1.9.4. Key Market Focus & Geographical Presence
    17.1.9.5. Recent Developments
    17.1.9.6. Key Management Personnel
  17.1.10. NH Foods Australia Pty Ltd.
    17.1.10.1. Company Details
    17.1.10.2. Products & Services
    17.1.10.3. Financial (As reported)
    17.1.10.4. Key Market Focus & Geographical Presence
    17.1.10.5. Recent Developments
    17.1.10.6. Key Management Personnel

18. STRATEGIC RECOMMENDATIONS/ACTION PLAN

18.1. Key Focus Areas
18.2. Target Regions & Countries
18.3. Target Type
18.4. Target Application
(Note: The companies list can be customized based on the client requirements.)


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