The South and Central America meat extract market is expected to grow from US$ 171.05 million in 2021 to US$ 231.60 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2021 to 2028.
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. 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 South and Central America meat extract market.
Vendors in the South and Central America meat extract market are leveraging new technologies to attract new customers and expand their footprints in emerging markets by offering products with enhanced features. This factor is likely to drive the South and Central America meat extract market at a notable CAGR during the forecast period.
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. 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 South and Central America meat extract market.
Vendors in the South and Central America meat extract market are leveraging new technologies to attract new customers and expand their footprints in emerging markets by offering products with enhanced features. This factor is likely to drive the South and Central America meat extract market at a notable CAGR during the forecast period.
South and Central America Meat Extract Market Segmentation
The South and Central America meat extract market is segmented on the basis of type, form, application, and country.- Based on type, the market is segmented into beef, pork, chicken, and others.
- Based on form, the South and Central America meat extract market is segmented into powder, liquid, and others.
- Based on application, the market is divided into RTE & RTC meals, sweet & savory snacks, soups & sauces, and others.
- Based on country, the South and Central America Meat Extract Market is segmented into the Brazil, Argentina and Rest of South and Central America.
South and Central America Meat Extract Market - Companies Mentioned
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. are a few major companies operating in the South and Central America Meat Extract Market.Table of Contents
1. Introduction
3. Research Methodology
4. South and Central America Meat Extract Market Landscape
5. South and Central America Meat Extract Market - Key Market Dynamics
6. South and Central America Meat Extract -Market Analysis
7. South and Central America Meat Extract Market Analysis - By Type
8. South and Central America Meat Extract Market Analysis - By Form
9. South and Central America Meat Extract Market Analysis - By Application
10. South and Central America Meat Extract Market - Country Analysis
11. Company Profiles
12. Appendix
Companies Mentioned
- 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
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 106 |
| Published | September 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 171.05 Million |
| Forecasted Market Value ( USD | $ 231.6 Million |
| Compound Annual Growth Rate | 4.4% |
| No. of Companies Mentioned | 9 |
