Global Meat Extract Market to reach USD XX billion by 2027.Global Meat Extract Market is valued approximately at USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2021-2027. Meat extract is prepared from meat with low-fat content. In most of the processed foods, meat extract is used to add meat flavor in the food products. Growing demand in food and feed industry due to its benefits and nutritional content, rising consumption of protein-rich diet and new product launches happening in the industry are the factors fueling demand in the market. Such as, in November 2020, Essentia Protein Solutions launched all-natural smoke flavor made from the famous hams of southwestern Germany. Also, surge in consumption of ready-to-eat food items and meals is injecting growth in the market. According to Statista, Convenience Food market size is expected to increase from USD 433 billion in 2019 to USD 585 billion by 2025. The reason behind launching it was to add the distinct smoky taste of ham to a host of savory and meat applications, and it doubles as a functional protein solution for many meat products. Furthermore, research and development activities and growing health consciousness are expected to create demand for meat extracts in coming years. However, stringent government regulations and rising cost of research and development may hamper the growth during forecast period.

North America is the leading region in terms of revenue among Asia Pacific, North America, Europe, Latin America, and Rest of the World, owing to growing consumption of animal-rich protein sources. Whereas, Asia Pacific is expected to exhibit significant growth rate during forecast period due to rising health awareness and growing disposable income.
Major market player included in this report are:

Givaudan S.A.
Symrise AG (Diana Group)
Haco Holding AG
JBS USA Holdings, Inc. (JBS S.A)
WH Group Limited (Smithfield Foods, Inc.)
NH Foods Ltd.
Titan Biotech Ltd.
Carnad Natural Taste
Chimab S.p.A
Inthaco Co., Ltd

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Chicken
Pork
Beef
Fish
Turkey
Others
By Form:
Powder
Paste
Liquid
Granules
By Application:
Industrial
Commercial


By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Meat Extract Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors