Meat Extract Market is set for a Rapid Growth and is Expected to Reach USD 26.3 Billion by 2026

07-Jan-2020 | Zion Market Research

Zion Market Research has published a new report titled “Meat Extract Market by Meat Type (Beef, Chicken, Lamb, and Pork), by Form (Powder, Liquid, Granules, and Paste) and by End-Use (Food Processing and Lab Testing): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 - 2026.” According to the report, the Meat Extract market accounted for USD 20.6 in 2018 and is expected to reach USD 26.3 Billion by 2026, growing at a CAGR of around 3.1% between 2019 and 2026.

Browse the full “Meat Extract Market: by Meat Type (Beef, Chicken, Lamb, and Pork), by Form (Powder, Liquid, Granules, and Paste) and by End-Use (Food Processing and Lab Testing): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 - 2026 ” Report at https://www.zionmarketresearch.com/report/meat-extract-market

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Meat extract is a common flavoring additive for soups, stews, sauces, casseroles, canned meat items, pot pies, bouillon and bouillon cubes, gravies, and other items where meat flavoring improves the products. The flavor of meat extract makes it a desirable additive to a variety of products. The percentage of meat extract needed for flavoring varies widely, depending upon the food to which it is being added, but generally falls in the range 5–25%. Its desirable flavor and aroma may enhance the flavor of some products at even lower concentrations. Although yeast extract is used as a substitute, chefs and food connoisseurs prefer the characteristic flavor and aroma that meat extract imparts to other foods. Meat extract is a potent and rich form of meat stock, usually made from bovine and is a highly concentrated meat stock. It is used to add meat flavor in cooking, and to make broth for soups and other liquid-based foods. It is broadly utilized as a part of different purposes- prepared under high hygienic conditions

Global Meat Extract Market

Based on the meat type, the meat extract market is segmented into beef, chicken, lamb, and pork. The beef segment is anticipated to add substantial value to the market. The beef extract is intended to replace aqueous infusion of meat in microbiological culture media. Beef Extract is frequently used at a concentration of 0.3 to 1.0% in culture media, although concentrations may vary depending on the nutritional requirements for the medium formulation. Moreover, Beef is one of the largest consumed forms of meat in the world and in terms of volume consumption. There is a significant demand-supply gap in the market due to the limited production of beef, which can be attributed to various environmental and political factors. This segment is driven by rising awareness among consumers regarding high protein consumption, which can be significantly met with the intake of beef.

In terms of end-use, the meat extract market is segregated into food processing and lab testing. There is a growing demand for meat extract in the food and food processing industry due to benefits and nutritional content. Meat extracts contain myoglobin in high amount and helps for the formation of peroxide. There is great demand among consumers for nutritious food products. Meat extract contains nutrition and also has wide applications in the food processing industry. Meat extract can be used as a flavoring agent in several beverages and broths. Moreover, the meat extract is also used in food products such as soups, sauces, seasonings, meat dishes, and others. It also can be used as a taste enhancer and food additive in processed foods.

Some key players in operating in the meat extract market are Carnad A/S, JBS Global Ltd., Colin Ingredients, NH Foods Australia Pvt. Ltd., Proliant, Inc., ARIAKE Japan Co., Ltd., Nikken Foods Co. Ltd., Innova Flavors Co. Ltd., Meioh Bussan Co., Ltd., and others.  

This report segments the global meat extract market as follows:

Global Meat Extract Market: Meat Type Segment Analysis

  • Beef
  • Chicken
  • Lamb
  • Pork

Global Meat Extract Market: Form Segment Analysis

  • Powder
  • Liquid
  • Granules
  • Paste

Global Meat Extract Market: Form Segment Analysis

  • Food Processing
  • Lab Testing

Global Meat Extract Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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