The North America meat extract market is expected to grow from US$ 570.67 million in 2021 to US$ 795.62 million by 2028; it is estimated to grow at a CAGR of 4.9% from 2021 to 2028.
Meat production and consumption have increased significantly in the last few years with a rise in the population of the world, the number of mid-income families, and the demand for affordable protein-rich food. Poultry meat gathers the highest traction in the meat industry as it is perceived as one of the affordable sources of protein and it is considered healthier than beef, pork, etc. People are progressively adopting healthier lifestyles, but they do not want to compromise on taste. Considering the growing popularity of meat, food manufacturers are enhancing the taste profiles of their products by incorporating different chicken, beef, and pork flavors, among others. Meat extracts, mainly made from chicken, beef, or pork, are used to enhance the meaty flavor of on-the-go-food products, ready-to-eat meals, soups, sauces, and savory snacks. Meat extracts are a healthier alternative to synthetic flavoring agents. Thus, the growth of the meat industry and the rising demand for meat extracts as flavor enhancers are the key factors driving the growth of the North America meat extract market.
Vendors in the North 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 North America meat extract market at a notable CAGR during the forecast period.
Meat production and consumption have increased significantly in the last few years with a rise in the population of the world, the number of mid-income families, and the demand for affordable protein-rich food. Poultry meat gathers the highest traction in the meat industry as it is perceived as one of the affordable sources of protein and it is considered healthier than beef, pork, etc. People are progressively adopting healthier lifestyles, but they do not want to compromise on taste. Considering the growing popularity of meat, food manufacturers are enhancing the taste profiles of their products by incorporating different chicken, beef, and pork flavors, among others. Meat extracts, mainly made from chicken, beef, or pork, are used to enhance the meaty flavor of on-the-go-food products, ready-to-eat meals, soups, sauces, and savory snacks. Meat extracts are a healthier alternative to synthetic flavoring agents. Thus, the growth of the meat industry and the rising demand for meat extracts as flavor enhancers are the key factors driving the growth of the North America meat extract market.
Vendors in the North 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 North America meat extract market at a notable CAGR during the forecast period.
North America Meat Extract Market Segmentation
The North 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 North 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 North America meat extract market is segmented into the US, Mexico, and Canada.
North 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 of the major companies operating in the North America meat extract market.Table of Contents
1. Introduction
3. Research Methodology
4. North America Meat Extract Market Landscape
5. North America Meat Extract Market - Key Market Dynamics
6. North America Meat Extract Market - Market Analysis
7. North America Meat Extract Market Analysis - By Type
8. North America Meat Extract Market Analysis - By Form
9. North America Meat Extract Market Analysis - By Application
10. North 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 | 104 |
| Published | September 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 570.67 Million |
| Forecasted Market Value ( USD | $ 795.62 Million |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | North America |
| No. of Companies Mentioned | 9 |
