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A Meat extract is defined as a concentrated meat stock that is mostly made from meat. It is frequently used to add a meaty taste to liquid-based soups. Most processed foods contain meat extracts to give the products a meat flavor. Its usage includes stock powder, stuffing, nibbles, nuggets, prepared meals, bouillon cubes, seasoning, soups, coatings, soup powders, and sauces.
Moreover, it has been analyzed that raw meat production is less profitable to companies compared to the offering of by-products. According to the United States Department of Agriculture Economic Research Service, meat products account for 11.4% of the beef industry's gross revenue, among which 7.5% of the total is represented by pork. It has been analyzed that unused meat products result in financial losses while seriously harming the ecosystem. However, meat processors may profit from meat by-products with better utilization.
Increased Necessity of Beef Extract in Bioresearch Facilities Will Fuel the Market Growth
Meat extract powder is a primary ingredient used mostly for bacterial culture and fermentation, aiding the artificial growth of microorganisms. The powdered beef extract is frequently used to make different media for biopharmaceutical fermentation. This product was created from fresh meat by the manufacturer of meat extract powder for microbiology. It utilized autolysis, hydrolysis, separation, concentration, and other cutting-edge high-tech, biologically refined soluble paste goods.Innovating Offerings Aiding the Market Growth
The accelerating demand for launching new and innovative products by important companies within each type of category stands out to be a significant factor in the market’s growth. Beef meat powder can be added to increase the protein content and add a distinctive flavor to a variety of meat products such as soups, meals, sauces & dressings, seasonings, and snacks. By contrast, Symrise beef bone broth and extracts have 90% protein, while Symrise beef meat powder has 70% protein expressed in dry matter. As consumers have become more health conscious, particularly in the wake of the COVID-19 outbreak, they are quickly gravitating toward high-protein snacks. This aspect is projected to propel the global market for meat extracts in the upcoming years.Government Stringent Laws in Meat Extract are Influencing the Market Growth
Because various nations restrict the use of meat by-products for food safety and quality, regulatory restrictions have become crucial for the manufacturers to comply with the suitable market while offering meat extract. For instance, the USDA mandates that mechanically separated meat and other types of meat be clearly listed as ingredients on labels. Additionally, meat extract should have less than 0.6% fat, 8.0% nitrogen, and more than 75% total solid matter. An evaporator that operates between 70 and 75 °C can be used to concentrate pork stock. This results in a final product that contains 80% solids. The finished product should be odorless, tasteless, and have a natural color (brown or light brown).Market Segmentation
The global meat extract market is segmented on type, form, application, region, and competitional landscape. 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. Based on applications, the market is segmented into the 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.Company Profile
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. are among the major market players in the global platform that lead the market growth of the global Meat Extract market. Companies are focusing on enhancing their product portfolio to remain competitive in the market. For instance, Companies like Tillamook Country Smoker and Kerry Foods have developed new branding strategies with ground-breaking products like turkey jerky flavored with cranberry and pineapple and meatballs with a barbecue flavor. Throughout the projection period, it is anticipated that the market for meat extracts will become more competitive due to the novel product divisions.Report Scope:
In this report, the global Meat Extract market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:Meat Extract Market, By Type:
- Chicken
- Pork
- Beef
- Fish
- Others
Meat Extract Market, By Form:
- Powder
- Paste
- Oil
- Granules
Meat Extract Market, By Application:
- Food Processing Industry
- Pharmaceutical/Laboratory Research
Meat Extract Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Poland
- Netherland
- Asia-Pacific
- China
- India
- Vietnam
- Japan
- Indonesia
- South Korea
- Australia
- New Zealand
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- Iran
- South Africa
- Egypt
- Saudi Arabia
- Israel
Competitive Landscape
Company Profile
Detailed analysis of the major companies present in the global meat extract market.Available Customizations:
With the given market data, the analyst offers customizations according to a company’s specific needs. The following customization options are available for the report:Company Information
- Detailed analysis and profiling of additional market players (up to five).
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Table of Contents
1. Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Forms
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. Voice of Customer Analysis (B2B Market)
4.1. Forms of Information
4.2. Brand Awareness
4.3. Factors Influencing Purchase Decision
4.4. Challenges Faced Post Purchase
5. Global Meat Extract Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type Market Share Analysis (Chicken, Pork, Beef, Fish, Others (include Lamb, Turkey, etc.)
5.2.2. By Form Market Share Analysis (Powder, Paste, Oil, Granules)
5.2.3. By Application Market Share Analysis (Food Processing Industry, Pharmaceutical/Laboratory Research)
5.2.4. By Regional Market Share Analysis
5.2.4.1. North America Market Share Analysis
5.2.4.2. Europe Market Share Analysis
5.2.4.3. Asia -Pacific Market Share Analysis
5.2.4.4. South America Market Share Analysis
5.2.4.5. Middle East & Africa Market Share Analysis
5.2.5. By Company Market Share Analysis
5.3. Global Meat Extract Market Mapping & Opportunity Assessment
5.3.1. By Type Market Mapping & Opportunity Assessment
5.3.2. By Form Market Mapping & Opportunity Assessment
5.3.3. By Application Market Mapping & Opportunity Assessment
5.3.4. By Regional Market Mapping & Opportunity Assessment
6. North America Meat Extract Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type Market Share Analysis
6.2.2. By Form Market Share Analysis
6.2.3. By Application Market Share Analysis
6.2.4. By Country
6.2.4.1. United States Meat Extract Market Outlook
6.2.4.1.1. Market Size & Forecast
6.2.4.1.1.1. By Value
6.2.4.1.2. Market Share & Forecast
6.2.4.1.2.1. By Type Market Share Analysis
6.2.4.1.2.2. By Form Market Share Analysis
6.2.4.1.2.3. By Application Market Share Analysis
6.2.4.2. Canada Meat Extract Market Outlook
6.2.4.2.1. Market Size & Forecast
6.2.4.2.1.1. By Value
6.2.4.2.2. Market Share & Forecast
6.2.4.2.2.1. By Type Market Share Analysis
6.2.4.2.2.2. By Form Market Share Analysis
6.2.4.2.2.3. By Application Market Share Analysis
6.2.4.3. Mexico Meat Extract Market Outlook
6.2.4.3.1. Market Size & Forecast
6.2.4.3.1.1. By Value
6.2.4.3.2. Market Share & Forecast
6.2.4.3.2.1. By Type Market Share Analysis
6.2.4.3.2.2. By Form Market Share Analysis
6.2.4.3.2.3. By Application Market Share Analysis
7. Europe Meat Extract Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type Market Share Analysis
7.2.2. By Form Market Share Analysis
7.2.3. By Application Market Share Analysis
7.2.4. By Country
7.2.4.1. United Kingdom Meat Extract Market Outlook
7.2.4.1.1. Market Size & Forecast
7.2.4.1.1.1. By Value
7.2.4.1.2. Market Share & Forecast
7.2.4.1.2.1. By Type Market Share Analysis
7.2.4.1.2.2. By Form Market Share Analysis
7.2.4.1.2.3. By Application Market Share Analysis
7.2.4.2. Germany Meat Extract Market Outlook
7.2.4.2.1. Market Size & Forecast
7.2.4.2.1.1. By Value
7.2.4.2.2. Market Share & Forecast
7.2.4.2.2.1. By Type Market Share Analysis
7.2.4.2.2.2. By Form Market Share Analysis
7.2.4.2.2.3. By Application Market Share Analysis
7.2.4.3. Italy Meat Extract Market Outlook
7.2.4.3.1. Market Size & Forecast
7.2.4.3.1.1. By Value
7.2.4.3.2. Market Share & Forecast
7.2.4.3.2.1. By Type Market Share Analysis
7.2.4.3.2.2. By Form Market Share Analysis
7.2.4.3.2.3. By Application Market Share Analysis
7.2.4.4. France Meat Extract Market Outlook
7.2.4.4.1. Market Size & Forecast
7.2.4.4.1.1. By Value
7.2.4.4.2. Market Share & Forecast
7.2.4.4.2.1. By Type Market Share Analysis
7.2.4.4.2.2. By Form Market Share Analysis
7.2.4.4.2.3. By Application Market Share Analysis
7.2.4.5. Spain Meat Extract Market Outlook
7.2.4.5.1. Market Size & Forecast
7.2.4.5.1.1. By Value
7.2.4.5.2. Market Share & Forecast
7.2.4.5.2.1. By Type Market Share Analysis
7.2.4.5.2.2. By Form Market Share Analysis
7.2.4.5.2.3. By Application Market Share Analysis
7.2.4.6. Poland Meat Extract Market Outlook
7.2.4.6.1. Market Size & Forecast
7.2.4.6.1.1. By Value
7.2.4.6.2. Market Share & Forecast
7.2.4.6.2.1. By Type Market Share Analysis
7.2.4.6.2.2. By Form Market Share Analysis
7.2.4.6.2.3. By Application Market Share Analysis
7.2.4.7. Netherlands Meat Extract Market Outlook
7.2.4.7.1. Market Size & Forecast
7.2.4.7.1.1. By Value
7.2.4.7.2. Market Share & Forecast
7.2.4.7.2.1. By Type Market Share Analysis
7.2.4.7.2.2. By Form Market Share Analysis
7.2.4.7.2.3. By Application Market Share Analysis
8. Asia-Pacific Meat Extract Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Type Market Share Analysis
8.2.2. By Form Market Share Analysis
8.2.3. By Application Market Share Analysis
8.2.4. By Country
8.2.4.1. China Meat Extract Market Outlook
8.2.4.1.1. Market Size & Forecast
8.2.4.1.1.1. By Value
8.2.4.1.2. Market Share & Forecast
8.2.4.1.2.1. By Type Market Share Analysis
8.2.4.1.2.2. By Form Market Share Analysis
8.2.4.1.2.3. By Application Market Share Analysis
8.2.4.2. India Meat Extract Market Outlook
8.2.4.2.1. Market Size & Forecast
8.2.4.2.1.1. By Value
8.2.4.2.2. Market Share & Forecast
8.2.4.2.2.1. By Type Market Share Analysis
8.2.4.2.2.2. By Form Market Share Analysis
8.2.4.2.2.3. By Application Market Share Analysis
8.2.4.3. Vietnam Meat Extract Market Outlook
8.2.4.3.1. Market Size & Forecast
8.2.4.3.1.1. By Value
8.2.4.3.2. Market Share & Forecast
8.2.4.3.2.1. By Type Market Share Analysis
8.2.4.3.2.2. By Form Market Share Analysis
8.2.4.3.2.3. By Application Market Share Analysis
8.2.4.4. Japan Meat Extract Market Outlook
8.2.4.4.1. Market Size & Forecast
8.2.4.4.1.1. By Value
8.2.4.4.2. Market Share & Forecast
8.2.4.4.2.1. By Type Market Share Analysis
8.2.4.4.2.2. By Form Market Share Analysis
8.2.4.4.2.3. By Application Market Share Analysis
8.2.4.4.2.4.
8.2.4.5. Indonesia Meat Extract Market Outlook
8.2.4.5.1. Market Size & Forecast
8.2.4.5.1.1. By Value
8.2.4.5.2. Market Share & Forecast
8.2.4.5.2.1. By Type Market Share Analysis
8.2.4.5.2.2. By Form Market Share Analysis
8.2.4.5.2.3. By Application Market Share Analysis
8.2.4.6. South Korea Meat Extract Market Outlook
8.2.4.6.1. Market Size & Forecast
8.2.4.6.1.1. By Value
8.2.4.6.2. Market Share & Forecast
8.2.4.6.2.1. By Type Market Share Analysis
8.2.4.6.2.2. By Form Market Share Analysis
8.2.4.6.2.3. By Application Market Share Analysis
8.2.4.7. Australia Meat Extract Market Outlook
8.2.4.7.1. Market Size & Forecast
8.2.4.7.1.1. By Value
8.2.4.7.2. Market Share & Forecast
8.2.4.7.2.1. By Type Market Share Analysis
8.2.4.7.2.2. By Form Market Share Analysis
8.2.4.7.2.3. By Application Market Share Analysis
8.2.4.8. New Zealand Meat Extract Market Outlook
8.2.4.8.1. Market Size & Forecast
8.2.4.8.1.1. By Value
8.2.4.8.2. Market Share & Forecast
8.2.4.8.2.1. By Type Market Share Analysis
8.2.4.8.2.2. By Form Market Share Analysis
8.2.4.8.2.3. By Application Market Share Analysis
9. South America Meat Extract Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Type Market Share Analysis
9.2.2. By Form Market Share Analysis
9.2.3. By Application Market Share Analysis
9.2.4. By Country
9.2.4.1. Brazil Meat Extract Market Outlook
9.2.4.1.1. Market Size & Forecast
9.2.4.1.1.1. By Value
9.2.4.1.2. Market Share & Forecast
9.2.4.1.2.1. By Type Market Share Analysis
9.2.4.1.2.2. By Form Market Share Analysis
9.2.4.1.2.3. By Application Market Share Analysis
9.2.4.2. Argentina Meat Extract Market Outlook
9.2.4.2.1. Market Size & Forecast
9.2.4.2.1.1. By Value
9.2.4.2.2. Market Share & Forecast
9.2.4.2.2.1. By Type Market Share Analysis
9.2.4.2.2.2. By Form Market Share Analysis
9.2.4.2.2.3. By Application Market Share Analysis
9.2.4.3. Colombia Meat Extract Market Outlook
9.2.4.3.1. Market Size & Forecast
9.2.4.3.1.1. By Value
9.2.4.3.2. Market Share & Forecast
9.2.4.3.2.1. By Type Market Share Analysis
9.2.4.3.2.2. By Form Market Share Analysis
9.2.4.3.2.3. By Application Market Share Analysis
10. Middle East & Africa Meat Extract Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Type Market Share Analysis
10.2.2. By Form Market Share Analysis
10.2.3. By Application Market Share Analysis
10.2.4. By Country
10.2.4.1. Iran Meat Extract Market Outlook
10.2.4.1.1. Market Size & Forecast
10.2.4.1.1.1. By Value
10.2.4.1.2. Market Share & Forecast
10.2.4.1.2.1. By Type Market Share Analysis
10.2.4.1.2.2. By Form Market Share Analysis
10.2.4.1.2.3. By Application Market Share Analysis
10.2.4.2. South Africa Meat Extract Market Outlook
10.2.4.2.1. Market Size & Forecast
10.2.4.2.1.1. By Value
10.2.4.2.2. Market Share & Forecast
10.2.4.2.2.1. By Type Market Share Analysis
10.2.4.2.2.2. By Form Market Share Analysis
10.2.4.2.2.3. By Application Market Share Analysis
10.2.4.3. Egypt Meat Extract Market Outlook
10.2.4.3.1. Market Size & Forecast
10.2.4.3.1.1. By Value
10.2.4.3.2. Market Share & Forecast
10.2.4.3.2.1. By Type Market Share Analysis
10.2.4.3.2.2. By Form Market Share Analysis
10.2.4.3.2.3. By Application Market Share Analysis
10.2.4.4. Saudi Arabia Meat Extract Market Outlook
10.2.4.4.1. Market Size & Forecast
10.2.4.4.1.1. By Value
10.2.4.4.2. Market Share & Forecast
10.2.4.4.2.1. By Type Market Share Analysis
10.2.4.4.2.2. By Form Market Share Analysis
10.2.4.4.2.3. By Application Market Share Analysis
10.2.4.5. Israel Meat Extract Market Outlook
10.2.4.5.1. Market Size & Forecast
10.2.4.5.1.1. By Value
10.2.4.5.2. Market Share & Forecast
10.2.4.5.2.1. By Type Market Share Analysis
10.2.4.5.2.2. By Form Market Share Analysis
10.2.4.5.2.3. By Application Market Share Analysis
11. Market Dynamics
11.1. Drivers
11.1.1. Growing Health Consciousness
11.1.2. Increasing demand from Food Processing Industries
11.1.3. Rising shift towards Protein rich Products
11.2. Challenges
11.2.1. Stringent Government Laws
11.2.2. Rising Demand for Plant based meat Substitutes
12. Impact of COVID-19 on Global Meat Extracts Market
12.1. Impact Assessment Model
12.1.1. Key Segments Impacted
12.1.2. Key Regions Impacted
12.1.3. Key Countries Impacted
12.1.4. Key Application Impacted
13. Market Trends & Developments
13.1. Innovative Product Launch
13.2. Growing preference towards Ready-to-eat Products
13.3. Rapid Urbanization Leading to Change in Dietary Habits
13.4. Surging demand for Beef Extract Products
13.5. Surging demand in Developing Countries
14. Import and Export Analysis
14.1. Top 5 Exporting Countries
14.1.1. By Value
14.2. Top 5 Exporting Countries
14.2.1. By Value
15. Porter’s Five Forces Model
15.1. Competitive Rivalry
15.2. Bargaining Power of Buyers
15.3. Bargaining Power of Suppliers
15.4. Threat of New Entrants
15.5. Threat of Substitutes
16. SWOT Analysis
16.1. Strengths
16.2. Weaknesses
16.3. Opportunities
16.4. Threats
17. Competitive Landscape
17.1. Company Profiles
17.1.1. Nikken Foods Co., Ltd. (Japan)
17.1.1.1. Company Details
17.1.1.2. Products & Services
17.1.1.3. Financial (As reported)
17.1.1.4. Key Market Focus & Geographical Presence
17.1.1.5. Recent Developments
17.1.1.6. Key Management Personnel
17.1.2. Essentia Protein Solutions (U.S.)
17.1.2.1. Company Details
17.1.2.2. Products & Services
17.1.2.3. Financial (As reported)
17.1.2.4. Key Market Focus & Geographical Presence
17.1.2.5. Recent Developments
17.1.2.6. Key Management Personnel
17.1.3. Ariake Japan Co., Ltd. (Japan)
17.1.3.1. Company Details
17.1.3.2. Products & Services
17.1.3.3. Financial (As reported)
17.1.3.4. Key Market Focus & Geographical Presence
17.1.3.5. Recent Developments
17.1.3.6. Key Management Personnel
17.1.4. JBS S.A. (Brazil)
17.1.4.1. Company Details
17.1.4.2. Products & Services
17.1.4.3. Financial (As reported)
17.1.4.4. Key Market Focus & Geographical Presence
17.1.4.5. Recent Developments
17.1.4.6. Key Management Personnel
17.1.5. Carnad A/S
17.1.5.1. Company Details
17.1.5.2. Products & Services
17.1.5.3. Financial (As reported)
17.1.5.4. Key Market Focus & Geographical Presence
17.1.5.5. Recent Developments
17.1.5.6. Key Management Personnel
17.1.6. BRF S.A. (Brazil)
17.1.6.1. Company Details
17.1.6.2. Products & Services
17.1.6.3. Financial (As reported)
17.1.6.4. Key Market Focus & Geographical Presence
17.1.6.5. Recent Developments
17.1.6.6. Key Management Personnel
17.1.7. Symrise AG
17.1.7.1. Company Details
17.1.7.2. Products & Services
17.1.7.3. Financial (As reported)
17.1.7.4. Key Market Focus & Geographical Presence
17.1.7.5. Recent Developments
17.1.7.6. Key Management Personnel
17.1.8. PT Foodex Inti Ingredients (Indonesia)
17.1.8.1. Company Details
17.1.8.2. Products & Services
17.1.8.3. Financial (As reported)
17.1.8.4. Key Market Focus & Geographical Presence
17.1.8.5. Recent Developments
17.1.8.6. Key Management Personnel
17.1.9. Meioh Bussan Co., Ltd.
17.1.9.1. Company Details
17.1.9.2. Products & Services
17.1.9.3. Financial (As reported)
17.1.9.4. Key Market Focus & Geographical Presence
17.1.9.5. Recent Developments
17.1.9.6. Key Management Personnel
17.1.10. NH Foods Australia Pty Ltd.
17.1.10.1. Company Details
17.1.10.2. Products & Services
17.1.10.3. Financial (As reported)
17.1.10.4. Key Market Focus & Geographical Presence
17.1.10.5. Recent Developments
17.1.10.6. Key Management Personnel
18. Strategic Recommendations/Action Plan
18.1. Key Focus Areas
18.2. Target Regions & Countries
18.3. Target Type
18.4. Target Application
(Note: The companies list can be customized based on the client requirements.)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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.
