Meat Extract Market Size, Share, And Business Benefits By Type (Chicken, Pork, Beef, Fish, Others), By Form (Powder, Liquid, Granule, Paste), By Source (Conventional, Organic), By Application (Ready Meals, Snacks, Soups and Broths, Seasonings, Others), By End-User (Food Processing, Lab Testing), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2024-2033

Report Overview

The Global Meat Extract Market is expected to be worth around USD 16.4 Billion by 2033, up from USD 9.6 Billion in 2023, and grow at a CAGR of 5.5% from 2024 to 2033. North America holds 39.1% of the Meat Extract Market, USD 3.7 billion.

Meat extract is a highly concentrated form of meat stock, usually made by simmering meat, poultry, or fish in water to extract proteins, flavors, and other soluble substances. This process results in a thick, concentrated paste or powder rich in nutrients and flavor, commonly used as a flavor enhancer in soups, stews, sauces, and other culinary applications.

The meat extract market refers to the global industry surrounding the production and distributing of meat extracts. It includes various products derived from beef, chicken, pork, and fish, catering to both food manufacturing and retail sectors. The market is driven by the growing demand from the food and beverage industry for natural flavor enhancers and nutrient-rich additives.

The market is primarily driven by the increasing consumer preference for ready-to-eat meals and convenience foods, which heavily utilize meat extracts for flavor enhancement. Additionally, the rising awareness of the nutritional benefits of meat extracts, such as high protein content and essential amino acids, supports market growth.

There is a robust demand for meat extracts in the food processing industry, especially in soups, broths, and seasonings. The trend towards clean-label ingredients and natural products has further fueled demand, as meat extracts are perceived as a natural and wholesome alternative to artificial flavors.

Opportunities in the meat extract market lie in the expansion into plant-based and hybrid products, where meat extracts are used to enhance flavor without the ethical and sustainability concerns associated with meat consumption. There’s also potential for growth in emerging markets, where rapid urbanization and changing dietary habits are increasing the consumption of processed foods.

The Meat Extract Market is poised for notable growth, underpinned by robust production and export dynamics, particularly in leading beef-producing nations such as Brazil and Uruguay. In 2024, Brazil is expected to see an 8% increase in beef production, reaching 11.85 million metric tons in carcass weight equivalent (CWE).

This surge underscores a resilient production infrastructure capable of meeting both domestic and international demand. Concurrently, Brazilian beef exports are anticipated to grow slightly, setting a new record at 3.6 million metric tons CWE.

This incremental growth is indicative of Brazil’s strengthening position in global markets, potentially influencing meat extract supply dynamics due to increased raw material availability.

Similarly, Uruguay forecasts a nearly 4% increase in beef exports, reaching 467,000 tons in 2024. This trend reflects a broader regional momentum that could enhance the South American meat extract market, bolstering the availability of key raw materials.

In contrast, the U.S. market shows a mixed landscape. While beef exports in Washington state saw a modest increase of 1.15% in 2023, totaling $327 million, broader federal initiatives, such as the allocation of $400 million to encourage dairy product donations, highlight a strategic push to stabilize domestic markets and support secondary agricultural sectors.

This complex interplay of increasing production capacities, governmental interventions, and export dynamics offers a fertile ground for market expansion and the introduction of diversified meat extract products catering to nuanced consumer demands and industrial uses.

The strategic alignment of these factors heralds a robust framework for sustained growth in the Meat Extract Market, urging stakeholders to adapt to the evolving market contours with innovative offerings and strategic market entries.

Key Takeaways

• The Global Meat Extract Market is expected to be worth around USD 16.4 Billion by 2033, up from USD 9.6 Billion in 2023, and grow at a CAGR of 5.5% from 2024 to 2033.
• Chicken dominates the Meat Extract Market, holding a substantial 39.1% share by type.
• Powder form leads in preference, capturing 47.2% of the market in the Meat Extract sector.
• Conventional sources are preferred in the Meat Extract Market, comprising 79.1% of the supply.
• Ready meals are a major application of meat extracts, constituting 37.8% of market usage.
• The food processing sector heavily utilizes meat extracts, accounting for 89.1% of the market.
• In North America, the Meat Extract Market holds 39.1%, valued at USD 3.7 billion.

Business Benefits of Meat Extract

Meat extract, a concentrated form of meat essence, offers significant business advantages in the food industry. Its rich flavor profile enhances the taste of various products, including soups, sauces, and ready-to-eat meals, thereby increasing consumer appeal and potentially boosting sales.

In the United States, meat processing is a substantial component of the food and beverage manufacturing sector. In 2021, it accounted for 26.2% of sales within this sector, underscoring its economic importance.

The U.S. Department of Agriculture (USDA) has implemented programs to support meat processors, particularly small and very small establishments. For instance, the Meat and Poultry Inspection Readiness Grant (MPIRG) assists facilities in obtaining federal inspection status, enabling them to expand their market reach.

Additionally, the USDA’s Rural Development initiatives provide financial assistance to meat processors. Programs like the Rural Microentrepreneur Assistance Program (RMAP) offer loans up to $50,000 to rural businesses with 10 or fewer full-time employees, facilitating business growth and job creation in rural communities.

These government-supported programs and the inherent versatility of meat extract contribute to its business benefits, fostering industry growth and economic development.

By Type Analysis

The Meat Extract Market prominently features chicken, accounting for 39.1% of the market by type.

In 2023, Chicken held a dominant market position in the “By Type” segment of the Meat Extract Market, capturing a 39.1% share. This prominence is attributed to the widespread consumer preference for chicken due to its versatility, lower cost, and perceived health benefits compared to other types of meat. Following closely, Pork accounted for 29.8% of the market.

Its significant share is driven by its demand in various culinary traditions where it serves as a primary protein source. Beef extract, known for its rich flavors and nutritional value, held a 21.2% market share, popular in both Western and Asian cuisines for enhancing the depth of flavor in dishes. Lastly, Fish, with its distinct umami properties, captured a smaller portion of the market at 9.9%.

This segment is gradually expanding, particularly in health-conscious demographics and regions with traditional seafood diets. The diversity in consumer preferences and regional dietary habits significantly influences the market dynamics of each meat type, reflecting their varied culinary uses and nutritional profiles.

By Form Analysis

Powdered forms dominate, making up 47.2% of the market, favored for their ease of use and storage.

In 2023, Powder held a dominant market position in the “By Form” segment of the Meat Extract Market, with a 47.2% share. This leading position is largely due to the powder form’s convenience in storage and transportation, ease of use in a variety of culinary applications, and its extended shelf life, which appeals to both industrial users and retail consumers.

Liquid form followed, accounting for 26.3% of the market. Its popularity stems from its immediate solubility, making it ideal for quick meal preparations and industrial food processing. Granules captured 16.5% of the market share. They are favored for their hygroscopic nature, which allows them to absorb and retain flavors more effectively than other forms, thus enhancing the taste profiles of food products.

Lastly, Paste secured a 10% market share, appreciated for its concentrated flavor and texture, which is particularly valuable in creating marinades and stocks. Each form caters to specific market needs, influencing their adoption based on functionality, ease of integration into food products, and the manufacturing preferences of food and beverage companies.

By Source Analysis

Conventional sources lead the market, comprising 79.1%, reflecting traditional procurement and production practices.

In 2023, Conventional held a dominant market position in the “By Source” segment of the Meat Extract Market, with a 79.1% share. This significant market presence can be attributed to the widespread availability, lower cost, and robust supply chain of conventional meat sources compared to their organic counterparts.

Conventional meat extracts are extensively utilized across various food industries, including processed foods, culinary applications, and in the manufacturing of flavor enhancers, due to their consistent quality and flavor profiles.

Organic meat extracts, although holding a smaller portion of the market at 20.9%, are gradually gaining traction. This growth is driven by increasing consumer awareness about health and wellness, and environmental sustainability, which is pushing demand for products perceived as natural and free from synthetic additives.

Despite their higher price point, the demand for organic meat extracts is expected to grow, fueled by the global shift towards organic and clean-label products. However, the premium pricing and limited production capacities of organic extracts currently pose challenges to their widespread adoption.

By Application Analysis

In applications, ready meals hold a significant share at 37.8%, driven by convenience and quick preparation needs.

In 2023, Ready Meals held a dominant market position in the “By Application” segment of the Meat Extract Market, with a 37.8% share. This leadership is primarily due to the growing consumer demand for convenient, quick-to-prepare food options that do not compromise on taste and nutritional value. Meat extracts play a crucial role in enhancing the flavor profiles of these meals, making them a popular choice among consumers leading fast-paced lifestyles.

Following Ready Meals, Snacks accounted for 28.4% of the market share. The incorporation of meat extracts into snacks enriches their savory flavor, appealing to a broad consumer base looking for richer, umami-packed options. Soups and Broths captured 21.1% of the market.

Meat extracts are essential in these applications for their ability to provide a depth of flavor and richness that is difficult to achieve with other ingredients. Lastly, Seasonings held a 12.7% share. Meat extracts in seasonings offer a concentrated flavor boost to various dishes, enhancing both home cooking and professional culinary applications.

The distribution of market shares across these applications reflects the diverse roles that meat extracts play in the food industry, driven by consumer preferences for flavor, convenience, and quality.

By End-User Analysis

Food processing is the primary end-user in the market, overwhelmingly predominant at 89.1% of the sector.

In 2023, Food Processing held a dominant market position in the “By End-User” segment of the Meat Extract Market, with an 89.1% share. This overwhelming dominance is reflective of the extensive use of meat extracts in a wide range of food products to enhance flavor, nutritional value, and shelf life.

Meat extracts are integral components in the production of processed foods, ready meals, snacks, and culinary bases, making them indispensable in the food processing industry.

On the other hand, Lab Testing, the only other category within this segment, accounted for a minimal 10.9% of the market share. In this application, meat extracts are used primarily for research and development purposes, including nutritional analysis, product testing, and quality control.

Although its share is significantly smaller, the role of meat extracts in lab testing is crucial for ensuring food safety and compliance with industry standards, driving continuous innovation and improvement in food products.

The stark contrast in market shares between these two applications underscores the critical role of meat extracts in food production compared to their more specialized use in laboratory settings. This distribution highlights the broader impact of meat extracts in the food industry, both in commercial production and in the scientific enhancement of food quality and safety.

Key Market Segments

By Type

• Chicken
• Pork
• Beef
• Fish
• Others

By Form

• Powder
• Liquid
• Granule
• Paste

By Source

• Conventional
• Organic

By Application

• Ready Meals
• Snacks
• Soups and Broths
• Seasonings
• Others

By End-User

• Food Processing
• Lab Testing

Driving Factors

Increasing Demand for Flavor-Enriched Processed Foods

The surge in global consumption of processed foods is a key driver for the meat extract market. Consumers increasingly seek out convenient, ready-to-eat meals that do not compromise on taste. Meat extracts, with their ability to intensify flavors and enhance palatability, are crucial in meeting these consumer demands.

They are extensively utilized in soups, broths, seasonings, and snack foods, which are sectors experiencing robust growth. This trend is supported by busy lifestyles that favor quick meal solutions, boosting the demand for meat extracts in food processing industries.

Rise of Health-Conscious Consumer Base

A growing segment of the global population is becoming more health-conscious, scrutinizing the nutritional content of their food. This shift is elevating the demand for meat extracts as they are perceived as a natural and wholesome alternative to artificial flavorings.

Rich in proteins and amino acids, meat extracts offer enhanced flavor without the need for additional, potentially unhealthy ingredients. Their use in food products aligns with the increasing consumer preference for clean-label, nutritious foods that support a healthy lifestyle, further driving market growth.

Technological Advancements in Food Processing

Technological innovations in food processing techniques have significantly contributed to the expanded use of meat extracts. Improved extraction methods have not only optimized the flavor, aroma, and nutritional properties of meat extracts but also enhanced their shelf life and stability.

These advancements ensure a more efficient integration of meat extracts into a wide array of products, ranging from high-volume manufacturing to specialty gourmet items. The ability to maintain consistency in quality and taste has facilitated broader applications in the food industry, thereby propelling the market forward.

Restraining Factors

High Cost of Production and Premium Pricing

The production of meat extracts involves complex processes that require significant investment in terms of both time and technology, leading to higher costs. These costs are often passed on to consumers, resulting in premium pricing for products containing meat extracts compared to those with artificial or less costly flavorings.

This pricing strategy can limit market growth, particularly in price-sensitive regions where consumers may opt for cheaper alternatives, impacting the overall adoption rates of meat extracts in various food applications.

Stringent Regulatory and Safety Standards

Meat extracts, like all food ingredients, are subject to stringent regulatory scrutiny to ensure safety and quality. Compliance with these regulations can be challenging and costly for producers, involving rigorous testing and certification processes.

Additionally, varying standards across different regions can complicate the expansion of market players into international markets. These regulatory hurdles can delay product launches, increase costs, and restrain market growth, particularly for new entrants trying to navigate these complex regulatory landscapes.

Rising Veganism and Plant-Based Preferences

The global shift towards veganism and plant-based diets poses a significant challenge to the meat extract market. As more consumers opt for vegetarian or vegan lifestyles, the demand for meat-based products, including extracts, declines.

This trend is supported by growing environmental, ethical, and health concerns associated with meat consumption. Market players may need to innovate and diversify their offerings to include plant-based alternatives that mimic the flavor profiles of meat extracts to cater to this changing consumer preference and sustain market presence.

Growth Opportunity

Expansion into Emerging Markets with Growing Middle Class

The rising affluence of the middle class in emerging markets presents a significant growth opportunity for the meat extract industry. As disposable incomes increase, so does the demand for diverse and high-quality food products, including those enhanced with meat extracts.

Tapping into these markets can offer meat extract producers access to new consumers who are eager to explore richer, more flavorful dining experiences. Strategic market entry and localization of product offerings to suit regional tastes and dietary preferences can drive substantial growth in these underexploited areas.

Development of Innovative Meat Extract Applications

There is a growing opportunity for innovation within the meat extract market to expand its application beyond traditional uses. Developing new forms of meat extracts, such as organic or reduced-sodium options, can cater to niche markets focused on health and wellness.

Additionally, exploring uses in non-traditional sectors like pet food, sports nutrition, and dietary supplements could open new revenue streams. Continuous innovation in product formulation and application will not only meet changing consumer preferences but also keep market players competitive and relevant.

Strategic Partnerships and Collaborations

Forming strategic partnerships and collaborations can provide meat extract companies with considerable growth opportunities. By aligning with entities in complementary sectors—such as food technology, distribution, and retail—companies can leverage shared resources, expertise, and networks to enhance product reach and market penetration.

These collaborations could focus on research and development to improve extraction technologies, expand product lines, or streamline supply chain operations. Such partnerships are essential for staying ahead in a competitive market and can significantly accelerate growth and market expansion.

Latest Trends

Surge in Clean Label and Natural Product Demand

The meat extract market is experiencing a significant trend towards clean label products, driven by consumer demand for transparency and natural ingredients. As health-conscious consumers increasingly seek food products without artificial additives or preservatives, meat extracts are becoming a popular choice for enhancing flavor naturally.

This trend is prompting manufacturers to innovate and produce extracts that are free from synthetic components, focusing on pure and simple ingredient lists that appeal to the modern shopper’s desire for healthier food options.

Adoption of Advanced Extraction Technologies

Recent advancements in extraction technologies are shaping trends in the meat extract market. Techniques such as supercritical fluid extraction and enzyme-assisted extraction are becoming more prevalent, allowing for more efficient and sustainable production processes.

These technologies not only improve the quality and purity of meat extracts but also enhance their flavor and nutritional profiles. The adoption of these advanced methods is helping manufacturers meet the growing demand for high-quality meat extracts and is likely to influence future market dynamics.

Integration of Meat Extracts in Plant-Based Products

An emerging trend in the meat extract market is the integration of meat flavors into plant-based products. As the plant-based industry grows, there is a notable interest in creating vegan and vegetarian products that replicate the taste and aroma of meat.

Meat extracts are being used innovatively to impart umami and richness to these products, enhancing their appeal to consumers who are reducing meat consumption but still crave meat-like flavors. This trend not only diversifies the application of meat extracts but also opens new avenues for growth in a rapidly evolving food landscape.

Regional Analysis

In North America, the Meat Extract Market holds a 39.1% share, valued at USD 3.7 billion.

The global Meat Extract Market is segmented into key regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America dominates the market with a 39.1% share, valued at USD 3.7 billion, driven by robust demand for processed and ready-to-eat food products and a significant presence of leading food processing companies. Europe follows, with a strong focus on food quality and safety, bolstering the demand for natural and clean-label meat extracts.

Asia Pacific is witnessing rapid growth due to increasing urbanization, rising disposable incomes, and shifting dietary preferences towards protein-rich diets, making it a highly lucrative market for meat extract products. The Middle East & Africa, though smaller in comparison, is experiencing growth influenced by expanding retail sectors and growing awareness about high-quality food ingredients.

Latin America, with its rich culinary traditions that heavily incorporate meat-based products, presents a growing demand for meat extracts, used extensively to enhance flavor profiles in traditional dishes.

Overall, North America’s commanding market share and Europe’s stringent quality standards are pivotal to the meat extract market’s dynamics, while emerging regions like Asia Pacific are expected to offer significant growth opportunities due to changing consumer lifestyles and economic development.

Key Regions and Countries

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

Key Players Analysis

In 2023, the global Meat Extract Market will be significantly influenced by key players which include Givaudan, Nikken Foods, Essentia Protein Solutions, and IDF, among others. Givaudan stands out as a leader, leveraging its expertise in flavors to innovate in the meat extracts sector, focusing on natural and clean-label ingredients that cater to the rising consumer demand for authenticity and transparency in food products.

Nikken Foods continues to capitalize on its strong presence in Asia and beyond, providing a wide range of meat extract products that are integral to regional culinary practices and expanding its footprint in global markets through high-quality standards and innovation.

Essentia Protein Solutions is making strides by offering a diverse portfolio of meat-based ingredients that enhance nutritional value and flavor, positioning itself strongly in markets that value functional foods.

IDF (International Dehydrated Foods, Inc.), with its specialization in chicken and turkey-based ingredients, taps into the health-conscious segment, promoting the natural and wholesome attributes of their extracts.

Other notable companies like Haco Holding AG and CHIMAB S.p.A. play crucial roles in the European market, focusing on bespoke solutions for the food processing industry and innovating with meat extracts that cater to specific regional tastes and dietary requirements.

The involvement of companies like JBS S.A. and Maverick Biosciences in the market underscores the integration of large-scale meat producers into the value-added extract sector, enhancing their product offerings for global markets.

Overall, the landscape in 2023 shows these key players not only competing on quality and innovation but also strategically expanding their global reach and product applicability in response to evolving consumer preferences and the growing trend toward natural food ingredients.

Top Key Players in the Market

• Givaudan
• Nikken Foods
• Essentia Protein Solutions
• IDF
• Haco Holding AG
• CHIMAB S.p.A.
• Foodex Inti Ingredients, PT
• Titan Biotech Ltd.
• Carnad A/S
• JBS S.A.
• Henan Yong Da Foods
• Diana Group
• Maverick Biosciences
• Idf (International Dehydrated Foods, Inc.)
• Activ International

Recent Developments

• In 2023, Givaudan saw a 4.1% growth in sales to CHF 6,915 million despite a slight decline in Swiss franc terms, with significant improvements in operating income and EBITDA, driven by a strategic focus on customer growth and sustainability initiatives.
• In 2023, JBS S.A. achieved its highest EBITDA, highlighting its industry leadership and operational excellence. The company’s focus on innovation, quality assurance, and market expansion underpins its robust financial performance and global market presence.

Report Scope