How Has The Meat Extract Market Size Evolved Historically?
The meat extract market has seen considerable growth due to a variety of factors.
• The market size for meat extract has been experiencing a robust growth in the previous years. The size is projected to increase from $7 billion in 2024 to $7.43 billion in 2025, with a compound annual growth rate (CAGR) of 6.2%.
Factors such as growing demand for ready-to-eat meals, preference for meat flavored food, high demand for protein-packed food items, surge in consumption of processed foods due to hectic lifestyles, and its prevalent use in culinary practices have contributed to the growth during the historic period.
What Will Be The Meat Extract Market Size In The Future?
The meat extract market is expected to maintain its strong growth trajectory in upcoming years.
• There is a projected robust growth for the meat extract market, with its size forecasted to expand to $9.62 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 6.7%.
This predicted growth during this period can be linked to the escalating demand for clean label and natural products, protein supplements, and natural food items, along with a surge in the requirement for meat extract in pharmaceuticals and pet food products. Notable trends during this period are anticipated to include plant-based meat extracts, clear and transparent product labeling, online shopping and direct-to-consumer business models, innovative packing solutions, plus gourmet and artisanal items.
What Key Factors and Trends are Driving the Growth of the Meat Extract Market?
The surging demand for food products and drinks abundant in protein is anticipated to propel the growth of the meat extract market in the future. Protein-rich foods come from plant and animal sources and are a vital provider of all the amino acids that the human body needs. Meat extract can function as a key source of protein in several processed dishes, and it can reduce the sodium content of processed foods while augmenting their taste and nutritional worth. For example, a September 2022 report by the US-based International Dairy Foods Association (IDFA), a non-profit group, indicated that dairy consumption per person went up by 12.4 pounds in 2022. The dairy consumption of an average American was 667 pounds on a milkfat basis in 2021. Remarkably, some dairy products experienced notable growth, American-style cheese increased by 0.5 pounds, butter rose by 0.2 pounds, and yogurt added another 0.7 pounds. Consequently, the escalating consumer demand for beverage and food products rich in protein is spurring the expansion of the meat extract market.
What are the Market 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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What Trends are Shaping the Meat Extract Market?
Product innovation has surfaced as a prominent trend in the meat extract market. Leading companies in this industry are prioritizing product innovations to develop new techniques and procedures for meat extract production and broaden its applications. For instance, Ajinomoto Co. Inc. a biotechnology and food company based in Japan, introduced KALDOPLUS in May 2024. KALDOPLUS is a liquid chicken meat extract seasoning that amplifies the chicken's taste and smell, replicating the attributes of homemade chicken broth. Made from premium chicken meat extract and distinct raw materials, it uses Ajinomoto's amino acid technology. As a fundamental broth seasoning, KALDOPLUS is an optimal solution for the hotel, restaurant, and catering sectors, enabling the creation of convenient chicken broth with a stronger flavor and smell. KALDOPLUS is packaged in 1-liter bottles to cater to the specific demands of the Horeca sector.
Who Are the Key Players 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
What are the Regional Insights into the Meat Extract Market?
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.
