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Meat Extract Market is projected to grow at significant CAGR close to 4%
The global meat extract market is expected to grow at a compounded annual growth rate of 4% during the forecast period.
Meat extract is produced through liquid extraction and concentration of the water-soluble fractions of meat. Depending on their provenance and the ingredients in them, meat, bones, and liver, collectively called "meat extract," present different compositions and flavors. Urbanization and busy lifestyles have increased the demand for convenience foods, with the popularity of meat-based flavors and the growing consumer preference for natural food ingredients contributing significantly to the ever-increasing global meat extract market.
There is an excessive increase in the demand for protein-fortified products globally, primarily due to the rapid awareness among consumers regarding fitness and health. Accordingly, meat extract is the primary ingredient in all the products produced. Various types of meat, such as chicken, pork, and meats rich in protein, are vital in making the crucial amino acids in the body that are required for well-functioning.
For example, 34% of protein and 16% of energy in the human diet comes from animal sources. Various minerals and proteins in meat have been found to support healthy cell and tissue function including iron and zinc. Moreover, several companies have invested in R&D to deliver novel technologies in meat extract products, positively impacting the market growth over the forecast period.
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Based on the source, the global meat extract market is divided into chicken, beef, pork, fish, and others. Each of these meat extracts has a unique flavor profile and is used in a variety of food products to enhance taste and aroma.
By product form, the global meat extract market is segmented into powder, paste, and others. Powder meat extracts are valued because they are easy to use, have long shelf lives, and are suitable for dry mixes and seasonings. Paste extracts are more flavourful than the former and are most often used in ready-to-eat meals and sauces. The "others" category includes a variety of liquids, granules, and flakes, each with specific properties and applications in broths, soups, and other products; thus, offering a wide choice for manufacturers to meet diverse culinary needs.
Based on distribution channels, the market encompasses offline and online. Offline channels are usually traditional retail settings, such as supermarkets, hypermarkets, specialty stores, and wholesale distributors. Online channels include e-commerce platforms, direct-to-consumer sales, and online retailers, which provide more accessibility and convenience for consumers and businesses.
Based on applications, the market is bifurcated into food products, pharmaceuticals, and others. The food products segment has the largest application, with meat extracts used as flavorings and ingredients in a wide variety of processed foods. In the pharmaceutical segment, meat extracts are used in certain medicines and supplements. The "other" category might include those applications in animal feed, research, and other small niche industries.
Geographically, North America is expected to grow steadily during the forecast period due to the increased consumption of animal-based protein sources. The United States was and is expected to be one of the largest beef producers during the projection years. Mexico is expected to drive the regional market with increased consumption of red meat-based products. Moreover, product traceability is a significant determinant for North America concerning meat extracts.
As a part of the report, the major players operating in the global meat extract market that have been covered are Titan Biotech, International Dehydrated Food, Inc., and Carnad Natural Taste, Thomas Scientific, CDH Fine Chemicals among others.
The market analytics report segments the global meat extract market on the following basis:
• By Source
o Chicken
o Beef
o Pork
o Fish
o Others
• By Product Form
o Powder
o Paste
o Others
• By Distribution Channel
o Offline
o Online
• By Applications
o Food Products
o Pharmaceuticals
o Others
• By Geography
• North America
o USA
o Canada
o Mexico
• South America
o Brazil
o Argentina
o Others
• Europe
o United Kingdom
o Germany
o France
o Italy
o Spain
o Others
• Middle East and Africa
o Saudi Arabia
o UAE
o Israel
o Others
• Asia Pacific
o China
o India
o Japan
o South Korea
o Taiwan
o Thailand
o Indonesia
o Others
• Companies Profiled
o International Dehydrated Foods, Inc.
o Titan Biotech
o Bhagwati Chemicals
o Carnad Natural Taste
o A. Costantino & C. S.P.A.
o Nikken Foods
o Thermo Fisher Scientific
o Thomas Scientific
o CDH Fine Chemicals
o Chaitanya Agro Biotech
o Jeevan Chemicals & Pharmaceuticals
o My Micro Lab
o Loba Chemie
o Crescent Biotech
o Reached Chemicals
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Explore More Reports:
• Global Lab-Grown Meat Market: https://www.knowledge-sourcing.com/report/global-lab-grown-meat-market
• Meat Snacks Market: https://www.knowledge-sourcing.com/report/meat-snacks-market
• Plant-Based Meat Market: https://www.knowledge-sourcing.com/report/plant-based-meat-market
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