Meat Extract Market Trends, Drivers, and Forecast by 2029
Author : Mantesh Sharma | Published On : 10 Apr 2024
SourceURL:file:///home/sanketgathade/Documents/PR - April 2024/Meat Extract Market .docx
This Meat Extract market report has been prepared by considering several fragments of the present and upcoming market scenario. The market insights gained through this market research analysis report facilitates more clear understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently. It consists of most-detailed market segmentation, thorough analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. The market insights covered in Meat Extract report simplifies managing marketing of goods and services effectively.
Data Bridge Market Research analyses that the market is growing with a CAGR of 6.0% in the forecast period of 2022 to 2029 and is expected to reach USD 23,792.27 million by 2029. Growing demand for protein-rich food products and beverages among consumers is expected to drive the global meat extract market growth.
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Market Overview:
Meat extract contains the concentrated essence of meat. It is a rich form of meat stock obtained from animal sources such as beef, chicken, pork, seafood, and others. Meat extract is enriched with protein content and offers various health benefits such as boosting immune health, building and repairing healthy muscle, bones, skin and blood cells, and others. It is widely used for both industrial and commercial purposes. It acts as a flavoring agent for making processed food and beverages by improving the taste and flavor of the food. It is also used in biological research for culture media preparation and other purposes like industrial fermentation, analytical microbiology, and others.
Some of the major players operating in the Meat Extract market are Kerry, PACIFIC FOODS OF OREGON, LLC, Bare Bones, PT. Foodex Indonesia, A. Costantino & C. spa, Abbexa, Maverick Biosciences, MP BIOMEDICALS, NH Foods Australia., Nikken Foods Co.,Ltd., Essentia Protein Solutions, Alpha Biosciences, Bio Basic Inc., Colin Ingrédients, Carnad, HiMedia Laboratories., Thermo Fisher Scientific Inc., BD, Bonafide Provisions, Hardy Diagnostics, JBS GLOBAL, NEOGEN Corporation, International Dehydrated Foods, Inc., Proliant Biologicals, LLC., ARIAKE JAPAN Co.,Ltd., Meioh Bussan Co., Ltd., among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately. among others.
Global Meat Extract Market Scope
The global meat extract market is segmented based on product, type, form, function, category, and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of product, the global meat extract market is segmented into beef extract, pork extract, chicken extract, fish extract, lamb extract, and other meat extracts. In 2022, the beef extract segment is expected to dominate the global meat extract market due to the increased consumption and production of beef and beef products.
On the basis of type, the global meat extract market is segmented into stock and extract. In 2022, the stock segment is expected to dominate the global meat extract market due to the growing demand for stock in the food & beverages industry to enhance the flavor of processed products.
On the basis of form, the global meat extract market is segmented into powder, paste, and liquid. In 2022, the powder segment is expected to dominate the global meat extract market due to the growing demand for easily soluble meat extract to prepare various dishes such as soups, sauces, noodles, and others.
On the basis of function, the global meat extract market is segmented into flavoring agent, preparation of culture media, and others. In 2022, the flavoring agent segment is expected to dominate the global meat extract market due to the increasing demand for meat extract in the food & beverages industry to enhance the flavor and taste of products.
On the basis of category, the global meat extract market is segmented into organic and conventional. In 2022, the conventional segment is expected to dominate the global meat extract market due to rising demand for conventional and low price meat extract products for functions including preparation of culture media, flavoring agents, and others.
On the basis of application, the global meat extract market is segmented into food & beverage and pharmaceutical/laboratory research. In 2022, the food & beverage segment is expected to dominate the global meat extract market due to surging demand for meat extract as a flavoring agent among food manufacturers, commercial consumers, and others.
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Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Meat Extract Market Landscape
Part 04: Global Meat Extract Market Sizing
Part 05: Global Meat Extract Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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