Pork Extract Market Report 2024

The pork extract market size has grown strongly in recent years. It will grow from $3.96 billion in 2023 to $4.21 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth observed in the historic period can be attributed to several factors, the expanding footprint of the food processing industry, increasing demand for high-quality meat products, rising concerns regarding animal welfare, and the expanding utilization of pork extract in pharmaceutical applications.

The pork extract market size is expected to see strong growth in the next few years. It will grow to $5.42 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. In the forecast period, growth can be attributed to several factors, rising disposable incomes, heightened focus on sustainability practices, growing consumer demand for pork extract in households, increasing popularity of ready-to-eat and convenience foods, and high consumption of processed meats. Major trends expected in this period include advancements in technology and product innovation, increased demand for flavor enhancers, expansion into non-food applications for pork extract, and a preference for rich and savory flavor profiles.

The pork extract market is set to grow due to increasing popularity of meat products. Meat products encompass a range of foods derived from animals such as beef, pork, poultry, and fish. This demand is driven by factors such as health benefits, convenience, accessibility, and changing demographics. Pork extract serves as a natural alternative to monosodium glutamate (MSG) in meat products, offering a rich pork flavor without the perceived health concerns associated with MSG.

Leading companies in the pork extract market are focusing on developing solutions to address industry challenges and improve profitability for farmers. For example, Lidl, a Germany-based food manufacturing company, invested £500 million in the British pork sector in April 2024. This investment supports British pork production by ensuring sustainable practices, animal welfare, and affordability for consumers. Lidl's initiative includes a transparent pricing model that covers on-farm production costs and guarantees minimum volumes and fixed margins for pork producers.

In December 2022, Industrias Bachoco, a Mexico-based poultry processing company, acquired Norson, a Mexican company specializing in pork products. This strategic acquisition enhances Bachoco's growth strategy and diversifies its portfolio within the animal protein sector.

Major companies operating in the pork extract market are WH Group Limited (Smithfield Foods Inc.), Smithfield Foods, JBS S.A., Kerry Group Plc, Givaudan, The Tonnies Group, Vion Food Group Ltd., Triumph Foods, Activ International, Robertet Group, Naturex S.A., ARIAKE Japan Co.Ltd, Haco Holding AG, Essentia Protein Solutions, Proliant Biologicals, Kanegrade Ltd., Titan Biotech Ltd., Maverick Biosciences, Chimab S.p.A, Nikken Foods, Carnad A/S, Colin Ingredients, A.Costantino &C.spa, Blue California, Mane SA.

North America was the largest region in the pork extract market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the pork extract market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the pork extract market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Pork extract is a concentrated preparation derived from pork, primarily used for enhancing flavor and nutrition in food products. It is made by boiling pork meat and bones to extract soluble components, which are then concentrated through evaporation. Pork extract contains proteins, amino acids, vitamins, and minerals, imparting a rich, savory taste that is popular in soups, broths, sauces, and a variety of processed foods.

The main forms of pork extract include powder, soup, oil, concentrate, and liquid. Pork oil specifically refers to the liquid fat obtained from pork through heating and filtration processes. These products are distributed both offline and online, serving diverse applications such as household cooking, catering services, food processing, pharmaceuticals, pet food, and more.

The pork extract market research report is one of a series of new reports that provides pork extract market statistics, including pork extract industry global market size, regional shares, competitors with a pork extract market share, detailed pork extract market segments, market trends, and opportunities, and any further data you may need to thrive in the pork extract industry. This pork extract market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The pork extract market consists of sales of pork bouillon cubes, pork gelatin, and pork collagen extract. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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