At 4.9% CAGR, the North America Meat Extract Market is projected to be worth US$ 795.62 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America meat extract market was valued at US$ 570.67 million in 2021 and is expected to reach US$ 795.62 million by 2028, registering an annual growth rate of 4.9% from 2021 to 2028. Rising demand for meat extracts as flavor enhancers and increasing utilization of meat extracts for the preparation of culture media are critical factors attributed to the market expansion.
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Over the past few years, meat production and consumption have increased significantly with the rise in global population, increase in the number of mid-income families, and rising demand for high-protein, affordable food. Poultry meat is one of the major drivers of the growth of the meat industry as it is an affordable source of protein, and it is considered healthier than other meats such as beef and pork. As meat consumption increases, manufacturers incorporate different meat flavors such as chicken, beef, and pork in their products to enhance their taste profile. Moreover, manufacturers of meat snacks and on-the-go meat products are incorporating meat flavors in their products to attract a large number of consumers. Meat extracts are mainly made from chicken, beef, or pork. They enhance the meaty flavor in various food products such as ready-to-eat meals, soups, sauces, and savory snacks. People are progressively adopting healthier lifestyles, but they do not want to compromise on taste. Meat extracts are a healthier alternative to synthetic flavoring agents. They enhance the flavor of meat products and increase their protein value. Thus, the growth of the meat industry and the rising demand for meat extracts as flavor enhancers in a variety several meat products, including savoring snacks, soups, and sauces, are the key factors driving the growth of the North America meat extract market.
Strategic Insights: North America Meat Extract Market
Strategic insights into the North American meat extract market deliver a comprehensive, data-driven analysis of the industry’s current landscape. These insights uncover prevailing trends, highlight key market players, and explore regional dynamics that shape the sector. By leveraging advanced data analytics, stakeholders—including investors, manufacturers, and supply chain participants—can identify untapped market segments and craft differentiated value propositions that set them apart from competitors.
These forward-looking insights not only help stakeholders stay ahead of evolving market conditions but also support the development of long-term strategies aimed at sustainable growth. With a clear understanding of emerging opportunities and potential risks, businesses can make confident, informed decisions that enhance profitability and drive success in this competitive and fast-changing market.
Market leaders and key company profiles
Colin Ingrédients
Carnad Natural Taste
Diana Group
PT Foodex Inti Ingredients
Givaudan S.A.
JBS SA.
Maverick Biosciences Pty Ltd
Nippon Ham Group
Proliant Biologicals, LLC
Regional Insights for North America Meat Extract Market
The scope of the North America Meat Extract market is defined by the specific regions where businesses operate and compete. Recognizing regional differences—such as varying consumer preferences, economic conditions, and regulatory frameworks—is essential for crafting strategies that cater to local demands. For example, preferences for certain plug types or battery backup durations can differ, which requires tailored approaches. By identifying underserved regions or adapting products to suit local needs, businesses can enhance their market presence. A well-defined regional focus enables better resource allocation, targeted marketing efforts, and improved positioning against local competitors, ultimately driving growth in these key markets.
North America Meat Extract Market Segmentation
The North America meat extract market is categorized based on type, form, application, and country. By type, the market is divided into beef, pork, chicken, and others. In terms of form, it is segmented into powder, liquid, and other forms. The market’s application includes ready-to-eat (RTE) and ready-to-cook (RTC) meals, sweet and savory snacks, soups and sauces, and more. Geographically, the market is divided into the US, Mexico, and Canada.
Key Companies in the North America Meat Extract Market
Prominent companies operating in the North American meat extract market include Colin Ingredients, Carnad Natural Taste, Diana Group, PT Foodex Inti Ingredients, Givaudan S.A., JBS SA, Maverick Biosciences Pty Ltd, Nippon Ham Group, and Proliant Biologicals, LLC.
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
