What Has Been the Progress and Growth of the Pork Extract Market in Recent Years?
The pork extract market has seen considerable growth due to a variety of factors.
• The pork extract market has experienced steady growth in recent years. It will grow from $4.21 billion in 2024 to $4.49 billion in 2025, at a compound annual growth rate (CAGR) of 6.8%.
The growth is attributed to the expanding food processing industry, rising demand for high-quality meat products, growing animal welfare concerns, and the increasing use of pork extract in pharmaceuticals.
What Is The Expected Growth In The Pork Extract Market Size Evolve over the Forecast Period?
The pork extract market is expected to maintain its strong growth trajectory in upcoming years.
• The pork extract market is expected to reach $5.76 billion by 2029 with a CAGR of 6.4%.
Growth is driven by rising disposable income, sustainability focus, convenience foods popularity, and processed meat consumption. Trends include product innovations, flavor enhancer demand, non-food applications, and preference for savory flavors.
What Main Forces Are Fueling Expansion In The Pork Extract Market?
The burgeoning preference for meat products is anticipated to drive the expansion of the pork extract market. Meat products, which include a range of foods coming from animal flesh like beef, pork, poultry, and fish, are becoming increasingly popular due to reasons such as health and nutrition, convenience and availability, and demographic changes. Pork extract provides a natural alternative to monosodium glutamate (MSG) in meat products, delivering a strong pork taste without the supposed health dangers related to MSG. As an example, in March 2023, Farm Credit Canada (FCC), an agriculture finance organization based in Canada, reported a 2.5% increase in meat product manufacturers. Moreover, in 2022, meat product manufacturing sales witnessed a year-over-year growth of more than 9%, mainly propelled by a 12% increase in domestic sales, spurred by the growth in the food service sector. Consequently, the escalating populacity of meat products propels the pork extract market.
What Are The Primary Segments In The Global Pork Extract Market?
The pork extract market covered in this report is segmented –
1) By Type: Powder, Soup, Oil, Concentrate, Liquid
2) By Distribution Channel: Offline, Online
3) By Application: Household, Catering Service Industry, Food Processing, Pharmaceutical Industry, Pet Food, Other Applications
Subsegments:
1) By Powder: Pork Extract Powder For Flavoring, Pork Protein Powder, Instant Pork Extract Powder, Pork Powder For Nutritional Supplements, Organic Pork Extract Powder
2) By Soup: Ready-To-Serve Pork Soup Extract, Pork Bone Broth Extract, Pork Soup Base Extract, Instant Pork Soup Extract, Pork Soup Concentrate
3) By Oil: Pork Fat Oil, Refined Pork Oil Extract, Pork Lard Oil Extract, High-Quality Pork Oil For Cooking, Pork Oil For Nutritional Applications
4) By Concentrate: Pork Extract Concentrate For Food Industry, Pork Stock Concentrate, High-Flavor Pork Extract Concentrate, Pork Extract Concentrate For Sauces And Marinades
5) By Liquid: Liquid Pork Extract For Soups And Broths, Liquid Pork Extract For Sauces And Seasonings, Fresh Liquid Pork Extract, Liquid Pork Extract For Beverages And Nutritional Products, Organic Liquid Pork Extract
Pre-Book The Pork Extract Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends Are Shaping The Pork Extract Market?
Prominent businesses in the pork extract market are channeling resources into pork extract development in response to industry-wide issues and to enhance profits for farmers. This reveals Lidl's dedication to British producers, animal welfare, and environmental consciousness, and its obligation to instigate a positive shift in the pork sector. For example, in April 2024, Lidl, a food manufacturing firm from Germany renowned for its pork extract, injected $533.07 million (£500 million) into the British pork industry in efforts to secure its continuation and to produce top-tier British pork at customer-friendly prices. Lidl has transitioned pork producers into an open-book model, which considers the expenses of on-farm production and ensures a fixed margin for farmers by guaranteeing minimum producer volumes.
Who Are the Key Players In The Pork Extract Market?
Major companies operating in the pork extract market are:
• WH Group Limited (Smithfield Foods Inc.)
• Smithfield Foods
• JBS S.A.
• Kerry Group Plc
• Givaudan
• The Tonnies Group
• Vion Food Group Ltd.
• Triumph Foods
• Activ International
• Robertet Group
• Naturex S.A.
• ARIAKE Japan Co.Ltd
• Haco Holding AG
• Essentia Protein Solutions
• Proliant Biologicals
• Kanegrade Ltd.
• Titan Biotech Ltd.
• Maverick Biosciences
• Chimab S.p.A
• Nikken Foods
• Carnad A/S
• Colin Ingredients
• A.Costantino &C.spa
• Blue California
• Mane SA
What Is The Most Dominant Region In The Pork Extract Market?
North America was the largest region in the pork extract market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the pork extract market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
