Industry Background:
The beef extract is a mixture of peptides and amino acids, nucleotide fractions, organic acids, minerals, and some vitamins. It is not exposed to harsh protein hydrolysis treatment and hence it can provide some of the nutrients. Beef Extract is derived from the infusion of beef and provides an undefined source of nutrients. It is used for adding meat flavor in cooking and to make broth for soups and other liquid-based foods. Therefore there is an increasing demand for it in the food and beverage industry
According to AMA Research, the market for Beef Extract is expected to register a CAGR of 6.6% during the forecast period to 2030. This growth is primarily driven by Increasing Preference for New Flavoured Products and Development of Various Meat-Based Flavours
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Royal Nut Company (Canada), Bluebird grain farms (United States), Midas Overseas (India), Venture Heritage Farms (United States) and Doves Farm Foods (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In September 2021- Meatable, a Dutch cell-based meat manufacturer, collaborated with Royal DSM, a Dutch ingredients manufacturer, to develop affordable growth media for cultivated protein. In addition to price, the joint venture will focus on the development of meat-like taste and texture of the final product, which has been a challenge for both fermented and plant-based alternatives, the companies said in a written statement.
In July 2021- Kettle & Fire, one of the fastest-growing bone broth brands offering a variety of shelf-stable broths, announced the launch of its first bone broth made exclusively from regenerative farms. The company hopes that by introducing the new line, it will be able to fulfill its mission of creating a better and more sustainable food system by collaborating with suppliers and organizations dedicated to reversing climate change by improving farming and ranching practices.The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Influencing Trend:
Beef Extract has Wide Usage in Culinary Needs
Market Growth Drivers:
Increasing Preference for New Flavoured Products and Development of Various Meat-Based Flavours and High Nutritional Content is Fuelling the Market
Challenges:
Lack of Awareness Among the Consumers
Restraints:
Stringent Regulations on Beef Products in Some Countries
Opportunities:
Increasing Preference for Meat-Based Products and Increasing Disposable Income
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Beef Extract Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Beef Extract Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Beef Extract players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Beef Extract Study Sheds Light on
The Beef Extract Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Beef Extract industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Beef Extract industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.