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Meat Extract Global Market Report 2022: Ukraine-Russia War Impact

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    Report

  • 175 Pages
  • December 2022
  • Region: Global
  • The Business Research Company
  • ID: 5709791
Major players in the meat extract market are Givaudan, Haco Holding AG, International Dehydrated Foods Inc, Carnad Natural Taste, Titan Biotech, Bhagwati Chemical, Nikken Foods Co Ltd, Colin Ingredients, NH Foods Limited, Inthaco Co Ltd, Activ International, Maverick Biosciences Pty Ltd, Nippon Ham Group, ARIAKE Japan Co Ltd, Meioh Bussan Co Ltd, Kanegrade Limited.

The global meat extract market is expected to grow from $5.71 billion in 2021 to $6.19 billion in 2022 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The meat extract market is expected to reach $7.74 billion in 2026 at a CAGR of 5.8%.

Meat extract market consists of sales of nucleotides, polypeptides, carnosine, anserine, amino acids, creatinine, and creatine. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Meat extract is a concentrated preparation that contains concentrated meat essence. It is a robust and rich variety of meat stock typically obtained from beef, chicken, and pork. Its primary purpose is to add meat flavour in cooking and to prepare the soups and other liquid-based dishes.

North America was the largest region in the meat extract market in 2021. The regions covered in the meat extract market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The main forms of meat extract are powder, liquid, granules, and paste. Powder is a loose substance composed of very small, dry, solid granules. Meat extract powder is a basic ingredient that aids in the artificial growth of microorganisms, primarily for bacterial culture and fermentation. The different types of meats include beef, chicken, pork, lamb, and others. The several applications include industrial and commercial.

Growing demand for protein-rich food products and beverages is expected to fuel the growth of the meat extract market going forward. Protein-rich foods are protein sources derived from plants and animals. It is a source that provides the body with all the amino acids it requires. Meat extract can be used as a protein source in a variety of processed meals, it can lower salt levels in processed foods while enhancing flavour and nutritional value. For instance, according to a study conducted on more than 6,300 consumers in 12 countries around the world by Kerry Group, an Ireland-based food company, in November 2021, 75% of global consumers said they would pay more for protein-fortified foods and beverages. Therefore, the growing consumer demand for protein-rich food products and beverages drives the meat extract market.

Product innovations have emerged as the key trend gaining popularity in the meat extract market. Major companies operating in the meat extract sector focused on products innovations to bring new methods and procedures for producing meat extract and increasing its applications. For instance, in June 2021, Essentia Protein Solutions, a US-based protein solutions company, developed C3307 Chicken Flavour, which is higher in protein, lower in carbohydrates, and has no added salt. This chicken flavour is ideal for low-sodium applications that demand a strong chicken flavour. C3307 allows developers to achieve lower salt constraints while still delivering tasty, full-bodied chicken flavours in their completed goods.

In May 2021, Synergy Flavors Inc, a US-based manufacturer of flavorings, extracts, and essences, acquired Innova Flavors for an undisclosed amount. Through this acquisition, Innova clients will have instant access to a proven variety of sweet flavors, extracts, and essences to meet the ongoing need for clean label choices in the intensely competitive food and beverage industry. Innova Flavors is a US-based company that offers customized meat and savory flavors.

The countries covered in the meat extract market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The meat extract market research report is one of a series of new reports that provides meat extract market statistics, including meat extract industry global market size, regional shares, competitors with a meat extract market share, detailed meat extract market segments, market trends and opportunities, and any further data you may need to thrive in the meat extract industry. This meat extract market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.



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Frequently Asked Questions about the Global Meat Extract Market

What is the estimated value of the Global Meat Extract Market?

The Global Meat Extract Market was estimated to be valued at $6.19 billion in 2022.

What is the growth rate of the Global Meat Extract Market?

The growth rate of the Global Meat Extract Market is 5.7%, with an estimated value of $7.74 billion by 2026.

What is the forecasted size of the Global Meat Extract Market?

The Global Meat Extract Market is estimated to be worth $7.74 billion by 2026.

Who are the key companies in the Global Meat Extract Market?

Key companies in the Global Meat Extract Market include Givaudan, Haco Holding AG, International Dehydrated Foods Inc., Carnad Natural Taste, Titan Biotech, Bhagwati Chemical, Nikken Foods Co. Ltd., Colin Ingredients and Inthaco Co. Ltd..

Table of Contents

1. Executive Summary2. Meat Extract Market Characteristics3. Meat Extract Market Trends And Strategies
4. Meat Extract Market - Macro Economic Scenario
4.1. COVID-19 Impact On Meat Extract Market
4.2. Ukraine-Russia War Impact On Meat Extract Market
4.3. Impact Of High Inflation On Meat Extract Market
5. Meat Extract Market Size And Growth
5.1. Global Meat Extract Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Meat Extract Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Meat Extract Market Segmentation
6.1. Global Meat Extract Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Powder
  • Liquid
  • Granules
  • Paste
6.2. Global Meat Extract Market, Segmentation By Meat, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Beef
  • Chicken
  • Pork
  • Lamb
  • Other Meats
6.3. Global Meat Extract Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Industrial
  • Commercial
7. Meat Extract Market Regional And Country Analysis
7.1. Global Meat Extract Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Meat Extract Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Meat Extract Market
8.1. Asia-Pacific Meat Extract Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Meat Extract Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Meat Extract Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Meat Extract Market
9.1. China Meat Extract Market Overview
9.2. China Meat Extract Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Meat Extract Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Meat Extract Market
10.1. India Meat Extract Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Meat Extract Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Meat Extract Market
11.1. Japan Meat Extract Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Meat Extract Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Meat Extract Market
12.1. Australia Meat Extract Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Meat Extract Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Meat Extract Market
13.1. Indonesia Meat Extract Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Meat Extract Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Meat Extract Market
14.1. South Korea Meat Extract Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Meat Extract Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Meat Extract Market
15.1. Western Europe Meat Extract Market Overview
15.2. Western Europe Meat Extract Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Meat Extract Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Meat Extract Market
16.1. UK Meat Extract Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Meat Extract Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Meat Extract Market
17.1. Germany Meat Extract Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Meat Extract Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Meat Extract Market
18.1. France Meat Extract Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Meat Extract Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Meat Extract Market
19.1. Eastern Europe Meat Extract Market Overview
19.2. Eastern Europe Meat Extract Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Meat Extract Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Meat Extract Market
20.1. Russia Meat Extract Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Meat Extract Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Meat Extract Market
21.1. North America Meat Extract Market Overview
21.2. North America Meat Extract Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Meat Extract Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Meat Extract Market
22.1. USA Meat Extract Market Overview
22.2. USA Meat Extract Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Meat Extract Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Meat Extract Market
23.1. South America Meat Extract Market Overview
23.2. South America Meat Extract Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Meat Extract Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Meat Extract Market
24.1. Brazil Meat Extract Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Meat Extract Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Meat Extract Market
25.1. Middle East Meat Extract Market Overview
25.2. Middle East Meat Extract Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Meat Extract Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Meat Extract Market
26.1. Africa Meat Extract Market Overview
26.2. Africa Meat Extract Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Meat Extract Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Meat Extract Market Competitive Landscape And Company Profiles
27.1. Meat Extract Market Competitive Landscape
27.2. Meat Extract Market Company Profiles
27.2.1. Givaudan
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Haco Holding AG
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. International Dehydrated Foods Inc
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Carnad Natural Taste
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Titan Biotech
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Meat Extract Market29. Meat Extract Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer

Executive Summary

Meat Extract Global Market Report 2022: Ukraine-Russia War Impact provides the strategists, marketers and senior management with the critical information they need to assess the global meat extract market.

This report focuses on meat extract market which is experiencing strong growth. The report gives a guide to the meat extract market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Assessment of Russia - War Impact on agriculture, energy and mineral commodities supply and their direct and indirect impact on the market analyzed in the report.
  • Impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the meat extract? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Meat Extract market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider meat extract market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Our forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of covid 19 on supply chains and consumption patterns.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The meat extract market section of the report gives context. It compares the meat extract market with other segments of the meat extract market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, meat extract indicators comparison.

Scope

Markets Covered:

1) By Form: Powder; Liquid; Granules; Paste
2) By Meat: Beef; Chicken; Pork; Lamb; Other Meats
3) By Application: Industrial; Commercial

Companies Mentioned: Givaudan; Haco Holding AG; International Dehydrated Foods Inc; Carnad Natural Taste; Titan Biotech

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Givaudan
  • Haco Holding AG
  • International Dehydrated Foods Inc.
  • Carnad Natural Taste
  • Titan Biotech
  • Bhagwati Chemical
  • Nikken Foods Co. Ltd.
  • Colin Ingredients
  • NH Foods Limited
  • Inthaco Co. Ltd.
  • Activ International
  • Maverick Biosciences Pty. Ltd.
  • Nippon Ham Group
  • ARIAKE Japan Co. Ltd.
  • Meioh Bussan Co. Ltd.
  • Kanegrade Limited.

Methodology

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