Beef Meat Extract Segment is expected to Grow During the Forecast Period
The
growing trend towards processed food owing to reduced meal preparation time and
rising preference for protein-rich diets are the leading factors driving the global
meat extracts market during the projected period.
According to TechSci Research
report, “Meat Extract Market – Global Industry Size, Share, Trends,
Competition, Opportunity, and Forecast, 2018-2028F”
The Global Meat Extract
market has witnessed significant growth in the last few decades owing to
growing numbers of people consuming Ready-To-Eat meals. Moreover, meat extract
usage is highly witnessed in South Asian countries such as China, Korea, and
Singapore where the people prefer to consume. offal (defined as an internal
organs of an animal used as food) from bovine, duck, pork, and chicken in the
form of making soups/broth or stew in
soy sauce.
Producers began creating
various meat-based snack items, fueling the expansion of the meat extract
business. Processed snack foods are convenience food that are more durable,
portable, and less perishable than cooked foods. Ready-to-eat snack consumption
at parties, casual get-togethers, and picnics has taken off as a trend,
increasing demand for meat extract and fueling the market's expansion.
Browse over XX market data
Figures spread through XX Pages and an in-depth TOC on the "Global Meat Extract Market."
The Meat Extract Market is
segmented by type, form, application, and region. 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. The application
segment is divided into 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.
In the type category, chicken
has a higher protein content than most of the other typical meat products. As a
result, it has grown in favor of health-conscious consumers. Chicken has been a
popular option for both manufacturers and customers because of its inexpensive
product and production cost.
When making broth for soups
and other liquid-based dishes, meat extract powder, made from chicken, beef, hog, and fish, is a
solid and rich kind of meat extract. The product has a distinctively defined
scent giving a meaty flavor to the food products while being highly soluble in
water. However, they are insoluble in alcohol. Nutrients such as organic acids,
vitamins, minerals, nucleotides, polypeptides, amino acids, creatinine, and creatine
are abundant in powdered products. Due to its rising use in food items as a
flavor and nutrient enhancer, the market for this segment is anticipated to
have significant development possibilities over the forecast period.
Additionally, Quick Service
Restaurants (QSRs) represent a significant portion of the commercial segment
since many chain restaurants, such as McDonald's and Taco Bell, are working to
deliver meals on time after realizing the working population is short on time.
Chain restaurants are increasingly integrating meat extracts in their morning
menus as the idea of a heavy meal has become quite popular, fueling market
growth in the commercial application segment.
Key market players in the Meat
Extract market include:
- 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.
Various domestic and
international companies are investing and entering the Meat Extracts market to
cater to the growing demand through mergers or acquisitions. For instance,
Givaudan, a flavor company, had purchased Dutch supplier Vika of ingredients
for cheese, meat, and plant extracts as part of its 2020 goal to broaden its
natural range.
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Moreover, with reductions in
the Philippines, Argentina, Australia, the United Kingdom of Great Britain, and
Northern Ireland, China saw the most significant growth in meat production in
2021, followed by small rises in Brazil, India, Turkey, Myanmar, Pakistan,
Indonesia, and Viet Nam. Large-scale farmers in China have benefited from farm
consolidation that favors them, along with modern feed management and breeding
technology, which have helped them excel in product development.
Brazil is one of the most
powerful meat-producing nations, generating 8 million tonnes of meat annually,
leading the world in total meat extract exports. The meat extract, which has a
yield of 0.03 kg/kg, is a by-product of the cooking broth used in the meat
preparation. This product is highly sought after by the global food and
pharmaceutical industries and is rich in iron, proteins, and amino acids.
" Various
national and international companies are interested in this Meat Extracts
category to enhance market growth. With the growing companies, the market is
witnessing a stiff competition range of products with the additional and
innovative varieties expected to fuel significant popularity of this market in
the forecasted period.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
Meat
Extract Market,
By Type (Chicken,
Pork, Beef, Fish, Others (include Lamb, Turkey, etc.)), By Form (Powder,
Paste, Oil, Granules), By Application (Food Processing Industry,
Pharmaceutical/Laboratory Research), By Region (North America, Europe, Asia-Pacific,
South America, Middle East & Africa), Competition, Forecast &
Opportunities, 2018-2028F”, has evaluated the future growth potential of meat extracts
and
provides statistics and information on market structure, size, share, and
future growth. The report is intended to provide cutting-edge market
intelligence and help decision-makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities present in meat extracts
globally.
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