Meat Extract Market Scope
Meat extract is a highly concentrated meat stock, usually made from beef. It is used to add meat flavor in cooking, and to make broth for soups as well as other liquid-based foods. It is a common flavoring additive for soups, sauces, stews, casseroles, pot pies, canned meat items, bouillon & bouillon cubes, gravies, and other items where meat flavoring improves the products. The flavor of meat extract makes it a desirable additive to a variety of products. The percentage of meat extract needed for flavoring varies widely, subject to the food to which it is being added, but generally falls in the range 5–25%.
According to AMA, the Global Meat Extract market is expected to see growth rate of 3.39%
Research Analyst at AMA estimates that United States and Japanese Vendors will contribute to the maximum growth of Global Meat Extract market throughout the predicted period.
THE LAURIDSEN GROUP INC (United States), Givaudan (Switzerland), BRF SA (Brazil), Carnad Natural Taste (Denmark), NEOGEN CORPORATION (United States), Ohly (Germany), Meioh Bussan Co., Ltd (Japan), HACO AG (Switzerland), Kanegrade Ltd. (United Kingdom), InthacoCo., Ltd (Thailand), Nikken Foods Co,.Ltd (Japan) and Colin Ingrédients (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are ARIAKE JAPAN Co.,Ltd. (Japan), Merck KGaA (Germany), JBS GLOBAL (United Kingdom), Maverick Biosciences (Australia) and International Dehydrated Foods, Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Meat Extract market , by Application (Industrial and Commercial) and Region with country level break-up.
On the basis of geography, the market of Meat Extract has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 30 Aug 2019, BRF ingredients launched natural meat extract. A natural meat extract, made from chicken or pork broth, can bring umami flavors to soups, broths, and noodles. The ingredients are available in the liquid and powder form.
According to Regulations of Connecticut (US) State Agencies, “meat extract” or “extract of beef” without qualification shall not be used on labels in connection with products prepared from organs or parts of the carcass other than fresh meat. Extracts prepared from any parts of the carcass other than fresh meat shall not be labeled “meat extract” but may be properly labeled with the true name of the parts from which prepared. In the case of extracts in fluid form, the word “fluid” shall also appear on the label, as, for example, “fluid extract of beef.” Meat extracts shall contain not more than twenty-five per cent of moisture. Fluid extract of meat shall contain not more than fifty per cent of moisture.
Market Trend
- Growing Trend of Consuming Kosher and Halal-Certified Products
Market Drivers
- Increasing Demand for Processed Food Owing To Reduced Meal Preparation Time and Evolving Consumer Lifestyles
- Growing Demand for Meat Extract in Food and Feed Biological Research Laboratories
- Demand for Meat Extract Is Increasing In the Food and Feed Industry Due To Benefits and Nutritional Content
- Increasing Preference towards High Protein Diet
Opportunities
- Asia Pacific Region is Likely to Open Lucrative Opportunities for the Market
Restraints
- Stringent Government Regulations
Key Target Audience
Meat Extract Manufacturers, Meat Extract Raw Material Suppliers, Regulatory & Government Bodies, Meat Extract Traders/Distributors, Research Institutes, Downstream Vendors, End users and Others