[Research Report] The meat extract market is expected to grow from US$ 1,738.27 million in 2021 to US$ 2,477.03 million by 2028; it is estimated to grow at a CAGR of 5.2% from 2021 to 2028.
Market Insights and Analyst View:
Meat extract is available in liquid and powder formats. Liquid meat extracts are made by boiling small pieces of meat in water and concentration the liquid to achieve the desired consistency. Powdered meat extract can be obtained by drying the cooked meat pieces and then milling it into fine powder. Manufacturers of meat snacks, soups, and sauces use meat extracts to add a characteristic flavor to the products. Moreover, they increase the protein content of the product which increases their appeal among health-conscious consumers. Meat extracts are widely used to prepare culture media which is used to cultivate different micro-organisms. Meat extracts are rich in proteins, amino acids, peptones, nucleotides, among other nutrients which support the growth and reproduction of micro-organisms at optimum rate. Further, meat extracts are used to develop cultured meat in laboratories.
Growth Drivers and Challenges:
Meat extract is a raw ingredient that aids in the artificial cultivation of microorganisms, primarily used for bacterial culture and fermentation. It is made from the controlled enzymatic breakdown of high-quality meat, generally beef. It is an excellent source of nutrients such as creatine, creatinine, organic acids, water-soluble amino acids, nucleotides, polypeptides, and minerals & vitamins that support the growth of microorganisms on nutrient media. Meat extract powder supplies carbon, nitrogen, and energy to the microorganisms, allowing them to grow and reproduce optimally. Meat extracts are made from specific animal tissues that increase the nutritional value of the culture medium. It is often used in concentrations ranging from 0.2% to 1.0%.
Meat extract is commonly used to make nutrient agar and is employed in bacteriological examinations of milk, water, and other materials where homogeneous media composition is critical. Moreover, nutrient agar is widely used for culture purification and separation. Nutrient agar is used to make bacterial lawns required for antibiotic sensitivity testing. An antibiotic sensitivity test can assist in determining which antibiotic is appropriate for treating bacterial infections. Further, nutrient agar is frequently used in biochemical research, particularly for fermentation reactions, as it is free of fermentable chemicals. The demand for culture media is increasing rapidly due to rising investment in research and development to develop new methods for cell-cultured meat production. Cultured meat or lab-grown meat is gaining tremendous popularity among consumers as it prevents the slaughtering of animals and ensures animal welfare. This factor is boosting the demand for meat extracts in lab testing. Moreover, there is an extensive demand for culture media in the food & beverages industry due to the increased focus of manufacturers on hygiene, food safety, and quality. Thus, the growth of culture media followed by the rising demand for meat extract for the preparation of culture media is driving the growth of the global meat extract market
However, the vegan population has significantly grown over the past few years. According to a 2018 Gallup poll, 5% of adults in the US identify themselves as vegetarians. Veganism is gaining significant momentum in North America, Europe, and Asia Pacific. As per the Harris Poll conducted on behalf of the Vegetarian Resource Group, as of March 2019, 2% of American citizens considered themselves vegan. Consumers have become more aware of the harmful effects of the livestock industry on the environment. According to the Food and Agriculture Organization (FAO), the worldwide livestock industry emits 7.1 gigaton of CO2 per year, accounting for 14.5% of all human-caused greenhouse gas emissions. Therefore, consumers are rapidly switching toward plant-based meat alternatives. Further, as health concerns have significantly evolved, especially after the outbreak of COVID-19, people are readily adopting plant-based diets. As per the Good Food Institute, retail sales of plant-based foods that directly substitute animal products increased by 27%, reaching US$ 7 billion in April 2021. The figure below shows surging sales of plant-based meat products in the US from 2018 to 2020.
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Meat Extract Market: Strategic Insights
Market Size Value in US$ 1,738.27 Million in 2021 Market Size Value by US$ 2,477.03 Million by 2028 Growth rate CAGR of 5.2% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Meat Extract Market: Strategic Insights
| Market Size Value in | US$ 1,738.27 Million in 2021 |
| Market Size Value by | US$ 2,477.03 Million by 2028 |
| Growth rate | CAGR of 5.2% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Report Segmentation and Scope:
The “Global Meat Extract Market” is segmented based on type, form, application, and application, and geography. Based on type, the meat extract market is segmented into beef, pork, chicken, and others. Based on form, the market is classified into powder, liquid and others. Based on application, the meat extract market is segmented into RTE & RTC meals, sweet & savory snacks, soups & sauces, and others. The meat extract market based on geography is segmented into North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Russia, and Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America)
Segmental Analysis:
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Based on type, the meat extract market is segmented into beef, pork, chicken, and others. The beef segment held the significant share in the meat extract market. Beef is the culinary name for meat obtained from bovine animals, and manufacturers use it because consumers across the globe prefer to eat beef-based meat products. The factors contributing to increased consumption of beef extract are food safety issues, including pathogen detection and chemical residues in other meats, such as poultry and pork. Due to the rapid and recent spread of diseases due to pork meat and poultry, the demand for beef extract has increased. The popularity of beef for meat extract production is increasing despite the growing religious sentiments toward cattle. Moreover, beef extract finds use for biochemical studies, especially fermentation reactions, as it is unaffected by fermentable substances. Furthermore, beef extract powder is prepared for such use, and standardized concentrations are used in microbiological culture media. Moreover, the growing popularity of beef due to its various certifications, such as halal and kosher, will contribute to the segment’s growth.
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Regional Analysis:
Based on geography, the meat extract market is divided into five key regions: North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. The global meat extract market was dominated by North America which accounted for US$ 547.28 Million in 2020. Europe is a second major contributor holding more than 29% share in the global market. Asia Pacific is expected to register the considerable growth at a CAGR of over 6% over the forecast period. The meat extract market in Asia Pacific is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The increasingly high number of consumers in Asia Pacific countries are opting for animal products as a preferred source of protein. The region holds promising growth potential for the meat extract market players due to the flourishing food industry. The demand for meat-based products is increasing with the rising popularity of the western diet, and increased demand for ready-to-eat and ready-to-cook products in China and India, among other countries.
Covid-19 Impact:
The COVID-19 pandemic affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA) hampered the growth of several industries, including the food and beverage industry. The shutdown of manufacturing units disturbed global supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. Various companies witnessed delays in product deliveries and a slump in sales of their products in 2020. Due to the pandemic-induced economic recession, consumers became more cautious and selective in their purchasing decisions. Non-essential purchases were significantly reduced by consumers due to lower incomes and uncertain earning prospects, especially in developing regions. Many manufacturers in the meat extract market faced decline in profits due to reduced consumer demand during the initial phase of pandemic. However, by the end of 2021, many countries were fully vaccinated, and governments announced relaxation in certain regulations including lockdowns and travel bans. During the pandemic, consumer preferences changed dramatically; some consumers shifted to plant-based diets, while some continued their consumption of meat products due to their high protein content. Thus, the pandemic had a mixed impact on the overall meat extract market.
Competitive Landscape and Key Companies:
Some of the prominent players operating in the global meat extract market include Colin Ingredients; Carnad Natural Taste; Diana Group; PT Foodex Inti Ingredients; Givaudan S.A.; JBS SA.; Maverick Biosciences Pty Ltd; Nippon Ham Group; Titan Biotech Limited; and Proliant Biologicals, LLC; among others.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Form, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The major players operating in the global meat extract market are Colin Ingredients; Carnad Natural Taste; Diana Group; PT Foodex Inti Ingredients; Givaudan S.A.; JBS SA.; Maverick Biosciences Pty Ltd; Nippon Ham Group; Titan Biotech Limited; and Proliant Biologicals, LLC; among others
The increasing demand for clean label and organic meat extracts is expected to provide lucrative growth opportunities to the global meat extract market over the forecast period.
Based on the application, others segment accounted for the largest revenue share it mainly includes applications such as culture media, pharmaceuticals, baby food, seasonings, fillings, and food coating. Thus, the increasing demand for meat extract for various applications is expected to boost the growth of the meat extract market during the forecast period.
North America accounted for the largest share of the global meat extract market due to due to the increasing consumption of meat-based products as healthy and protein-rich food.
Rising demand for meat extracts as flavour enhancers and increasing utilization of meat extracts for the preparation of culture media are some of the key driving factors for the meat extract market.
Based on type, chicken is the fastest-growing segment. The low product and manufacturing costs have made chicken an effective choice for manufacturers and consumers and people are more inclined toward chicken.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. Meat Extract Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Value Chain Analysis
4.4.1 Value Chain Analysis: Meat Extract
4.4.1.1 Raw Material
4.4.1.2 Manufacturing/Processing
4.4.1.3 Packaging
5. Global Meat Extract Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Meat Extracts as Flavor Enhancers
5.1.2 Increasing Utilization of Meat Extracts for the Preparation of Culture Media
5.2 Market Restraints
5.2.1 Increasing Vegan Population
5.3 Market Opportunities
5.3.1 Surging Demand for Clean-Label and Organic Meat Extracts
5.4 Future Trends
5.4.1 Growing Preference for High-Protein Snacks
5.5 Impact Analysis of Drivers and Restraints
6. Meat Extract – Global Market Analysis
6.1 Meat Extract Market Overview
6.2 Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
6.3 Competitive Positioning
7. Meat Extract Market Analysis – By Type
7.1 Overview
7.2 Meat Extract Market, By Type (2020 and 2028)
7.3 Beef
7.3.1 Overview
7.3.2 Beef: Meat Extract Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Pork
7.4.1 Overview
7.4.2 Pork: Meat Extract Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Chicken
7.5.1 Overview
7.5.2 Chicken: Meat Extract Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Meat Extract Market – Revenue and Forecast to 2028 (US$ Million)
8. Meat Extract Market Analysis – By Form
8.1 Overview
8.2 Meat Extract Market, By Form (2020 and 2028)
8.3 Powder
8.3.1 Overview
8.3.2 Powder: Meat Extract Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Liquid
8.4.1 Overview
8.4.2 Liquid: Meat Extract Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Meat Extract Market – Revenue and Forecast to 2028 (US$ Million)
9. Meat Extract Market Analysis – By Application
9.1 Overview
9.2 Meat Extract Market, By Application (2020 and 2028)
9.3 RTE & RTC Meals
9.3.1 Overview
9.3.2 RTE & RTC Meals: Meat Extract Market– Revenue and Forecast to 2028 (US$ Million)
9.4 Sweet & Savory Snacks
9.4.1 Overview
9.4.2 Sweet & Savory Snacks: Meat Extract Market– Revenue and Forecast to 2028 (US$ Million)
9.5 Soups & Sauces
9.5.1 Overview
9.5.2 Soups & Sauces: Meat Extract Market– Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Meat Extract Market– Revenue and Forecast to 2028 (US$ Million)
10. Meat Extract Market – Geographic Analysis
10.1 Overview
10.2 North America: Meat Extract Market
10.2.1 North America: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
10.2.2 North America: Meat Extract Market, by Type
10.2.3 North America: Meat Extract Market, by Form
10.2.4 North America: Meat Extract Market, by Application
10.2.5 North America: Meat Extract Market, by Key Country
10.2.5.1 US: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Meat Extract Market, by Type
10.2.5.1.2 US: Meat Extract Market, by Form
10.2.5.1.3 US: Meat Extract Market, by Application
10.2.5.2 Canada: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Meat Extract Market, by Type
10.2.5.2.2 Canada: Meat Extract Market, by Form
10.2.5.2.3 Canada: Meat Extract Market, by Application
10.2.5.3 Mexico: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Meat Extract Market, by Type
10.2.5.3.2 Mexico: Meat Extract Market, by Form
10.2.5.3.3 Mexico: Meat Extract Market, by Application
10.3 Europe: Meat Extract Market
10.3.1 Europe: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
10.3.2 Europe: Meat Extract Market, by Type
10.3.3 Europe: Meat Extract Market, by Form
10.3.4 Europe: Meat Extract Market, by Application
10.3.5 Europe: Meat Extract Market, by Key Country
10.3.5.1 Germany: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
10.3.5.1.1 Germany: Meat Extract Market, by Type
10.3.5.1.2 Germany: Meat Extract Market, by Form
10.3.5.1.3 Germany: Meat Extract Market, by Application
10.3.5.2 France: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
10.3.5.2.1 France: Meat Extract Market, by Type
10.3.5.2.2 France: Meat Extract Market, by Form
10.3.5.2.3 France: Meat Extract Market, by Application
10.3.5.3 Italy: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 Italy: Meat Extract Market, by Type
10.3.5.3.2 Italy: Meat Extract Market, by Form
10.3.5.3.3 Italy: Meat Extract Market, by Application
10.3.5.4 UK: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 UK: Meat Extract Market, by Type
10.3.5.4.2 UK: Meat Extract Market, by Form
10.3.5.4.3 UK: Meat Extract Market, by Application
10.3.5.5 Russia: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Russia: Meat Extract Market, by Type
10.3.5.5.2 Russia: Meat Extract Market, by Form
10.3.5.5.3 Russia: Meat Extract Market, by Application
10.3.5.6 Rest of Europe: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe: Meat Extract Market, by Type
10.3.5.6.2 Rest of Europe: Meat Extract Market, by Form
10.3.5.6.3 Rest of Europe: Meat Extract Market, by Application
10.4 Asia Pacific: Meat Extract Market
10.4.1 Asia Pacific: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
10.4.2 Asia Pacific: Meat Extract Market, by Type
10.4.3 Asia Pacific: Meat Extract Market, by Form
10.4.4 Asia Pacific: Meat Extract Market, by Application
10.4.5 Asia Pacific: Meat Extract Market, by Key Country
10.4.5.1 Australia: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.1.1 Australia: Meat Extract Market, by Type
10.4.5.1.2 Australia: Meat Extract Market, by Form
10.4.5.1.3 Australia: Meat Extract Market, by Application
10.4.5.2 China: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.2.1 China: Meat Extract Market, by Type
10.4.5.2.2 China: Meat Extract Market, by Form
10.4.5.2.3 China: Meat Extract Market, by Application
10.4.5.3 India: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.3.1 India: Meat Extract Market, by Type
10.4.5.3.2 India: Meat Extract Market, by Form
10.4.5.3.3 India: Meat Extract Market, by Application
10.4.5.4 Japan: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.4.1 Japan: Meat Extract Market, by Type
10.4.5.4.2 Japan: Meat Extract Market, by Form
10.4.5.4.3 Japan: Meat Extract Market, by Application
10.4.5.5 South Korea: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.5.1 South Korea: Meat Extract Market, by Type
10.4.5.5.2 South Korea: Meat Extract Market, by Form
10.4.5.5.3 South Korea: Meat Extract Market, by Application
10.4.5.6 Rest of Asia Pacific: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.6.1 Rest of Asia Pacific: Meat Extract Market, by Type
10.4.5.6.2 Rest of Asia Pacific: Meat Extract Market, by Form
10.4.5.6.3 Rest of Asia Pacific: Meat Extract Market, by Application
10.5 Middle East and Africa: Meat Extract Market
10.5.1 Middle East and Africa: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
10.5.2 Middle East and Africa: Meat Extract Market, by Type
10.5.3 Middle East and Africa: Meat Extract Market, by Form
10.5.4 Middle East and Africa: Meat Extract Market, by Application
10.5.5 Middle East and Africa: Meat Extract Market, by Key Country
10.5.5.1 South Africa: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
10.5.5.1.1 South Africa: Meat Extract Market, by Type
10.5.5.1.2 South Africa: Meat Extract Market, by Form
10.5.5.1.3 South Africa: Meat Extract Market, by Application
10.5.5.2 Saudi Arabia: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
10.5.5.2.1 Saudi Arabia: Meat Extract Market, by Type
10.5.5.2.2 Saudi Arabia: Meat Extract Market, by Form
10.5.5.2.3 Saudi Arabia: Meat Extract Market, by Application
10.5.5.3 UAE: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
10.5.5.3.1 UAE: Meat Extract Market, by Type
10.5.5.3.2 UAE: Meat Extract Market, by Form
10.5.5.3.3 UAE: Meat Extract Market, by Application
10.5.5.4 Rest of MEA: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
10.5.5.4.1 Rest of MEA: Meat Extract Market, by Type
10.5.5.4.2 Rest of MEA: Meat Extract Market, by Form
10.5.5.4.3 Rest of MEA: Meat Extract Market, by Application
10.6 South and Central America: Meat Extract Market
10.6.1 South and Central America: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
10.6.2 South and Central America: Meat Extract Market, by Type
10.6.3 South and Central America: Meat Extract Market, by Form
10.6.4 South and Central America: Meat Extract Market, by Application
10.6.5 South and Central America: Meat Extract Market, by Key Country
10.6.5.1 Brazil: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
10.6.5.1.1 Brazil: Meat Extract Market, by Type
10.6.5.1.2 Brazil: Meat Extract Market, by Form
10.6.5.1.3 Brazil: Meat Extract Market, by Application
10.6.5.2 Argentina: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
10.6.5.2.1 Argentina: Meat Extract Market, by Type
10.6.5.2.2 Argentina: Meat Extract Market, by Form
10.6.5.2.3 Argentina: Meat Extract Market, by Application
10.6.5.3 Rest of South and Central America: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
10.6.5.3.1 Rest of South and Central America: Meat Extract Market, by Type
10.6.5.3.2 Rest of South and Central America: Meat Extract Market, by Form
10.6.5.3.3 Rest of South and Central America: Meat Extract Market, by Application
11. Impact of COVID-19 Pandemic on Meat Extract Market
11.1 Impact of COVID-19 on Meat Extract Market
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe Impact Assessment of COVID-19 Pandemic
11.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.5.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
11.6 South & Central America: Impact Assessment of COVID-19 Pandemic
12. Company Profiles
12.1 Colin Ingrédients
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Carnad Natural Taste
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Diana Group
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 PT Foodex Inti Ingredients
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Givaudan S.A.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 JBS SA.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Maverick Biosciences Pty Ltd
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Nippon Ham Group
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Titan Biotech Limited
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Proliant Biologicals, LLC
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Global Meat Extract Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. Global Meat Extract Market, by Form– Revenue and Forecast to 2028 (US$ Million)
Table 4. Global Meat Extract Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America Meat Extract Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. North America Meat Extract Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 7. North America Meat Extract Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 8. US Meat Extract Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. US Meat Extract Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 10. US Meat Extract Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Meat Extract Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada: Meat Extract Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada Meat Extract Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico Meat Extract Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico Meat Extract Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico Meat Extract Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 17. Europe Meat Extract Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 18. Europe Meat Extract Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 19. Europe Meat Extract Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 20. Germany Meat Extract Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 21. Germany Meat Extract Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 22. Germany Meat Extract Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 23. France Meat Extract Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 24. France Meat Extract Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 25. France Meat Extract Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 26. Italy Meat Extract Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 27. Italy Meat Extract Market, by Form– Revenue and Forecast to 2028 (US$ Million)
Table 28. Italy Meat Extract Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 29. UK Meat Extract Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 30. UK Meat Extract Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 31. UK Meat Extract Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 32. Russia: Meat Extract Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 33. Russia: Meat Extract Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 34. Russia: Meat Extract Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of Europe Meat Extract Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Europe Meat Extract Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 37. Rest of Europe Meat Extract Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 38. Asia Pacific Meat Extract Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 39. Asia Pacific Meat Extract Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 40. Asia Pacific Meat Extract Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 41. Australia Meat Extract Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 42. Australia Meat Extract Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 43. Australia Meat Extract Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 44. China Meat Extract Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 45. China Meat Extract Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 46. China Meat Extract Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 47. India Meat Extract Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 48. India Meat Extract Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 49. India Meat Extract Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 50. Japan Meat Extract Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 51. Japan Meat Extract Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 52. Japan Meat Extract Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 53. South Korea Meat Extract Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 54. South Korea Meat Extract Market, by Form– Revenue and Forecast to 2028 (US$ Million)
Table 55. South Korea Meat Extract Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of Asia Pacific Meat Extract Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of Asia Pacific Meat Extract Market, by Form– Revenue and Forecast to 2028 (US$ Million)
Table 58. Rest of Asia Pacific Meat Extract Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 59. Middle East and Africa Meat Extract Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 60. Middle East and Africa Meat Extract Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 61. Middle East and Africa Meat Extract Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 62. South Africa Meat Extract Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 63. South Africa Meat Extract Market, by Form– Revenue and Forecast to 2028 (US$ Million)
Table 64. South Africa Meat Extract Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 65. Saudi Arabia Meat Extract Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 66. Saudi Arabia Meat Extract Market, by Form– Revenue and Forecast to 2028 (US$ Million)
Table 67. Saudi Arabia Meat Extract Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 68. UAE Meat Extract Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 69. UAE Meat Extract Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 70. UAE Meat Extract Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 71. Rest of MEA Meat Extract Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 72. Rest of MEA Meat Extract Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of MEA Meat Extract Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 74. South and Central America Meat Extract Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 75. South and Central America Meat Extract Market, by Form– Revenue and Forecast to 2028 (US$ Million)
Table 76. South and Central America Meat Extract Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 77. Brazil Meat Extract Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 78. Brazil Meat Extract Market, by Form– Revenue and Forecast to 2028 (US$ Million)
Table 79. Brazil Meat Extract Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 80. Argentina Meat Extract Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 81. Argentina Meat Extract Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 86. List of Abbreviation
LIST OF FIGURES
Figure 1. Meat Extract Market Segmentation
Figure 2. Meat Extract Market Segmentation – By Geography
Figure 3. Global Meat Extract Market Overview
Figure 4. Meat Extract Market: By Type
Figure 5. Meat Extract Market: By Region
Figure 6. Global Meat Extract Market, Key Market Players
Figure 7. Porter's Five Forces Analysis: Meat Extract Market
Figure 8. Expert Opinion
Figure 9. Value Chain: Meat Extract
Figure 10. Total Per Capita Meat Consumption (Kg retail weight, 2021-2030)
Figure 11. US Plant-Based Meat Sales (US$ Billion, 2018-2020)
Figure 12. Global Meat Extracts Market Impact Analysis of Drivers and Restraints
Figure 13. Geographic Overview of Meat Extract Market
Figure 14. Global: Meat Extract Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Meat Extract Market: Key Players
Figure 16. Meat Extract Market Revenue Share, By Type (2020 and 2028)
Figure 17. Beef: Meat Extract Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Pork: Meat Extract Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Chicken: Meat Extract Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. Others: Meat Extract Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Meat Extract Market Revenue Share, By Form (2020 and 2028)
Figure 22. Powder: Meat Extract Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. Liquid: Meat Extract Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. Others: Meat Extract Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Meat Extract Market Revenue Share, By Application (2020 and 2028)
Figure 26. RTE & RTC Meals: Meat Extract Market– Revenue and Forecast To 2028 (US$ Million)
Figure 27. Sweet & Savory Snacks: Meat Extract Market– Revenue and Forecast To 2028 (US$ Million)
Figure 28. Soups & Sauces: Meat Extract Market– Revenue and Forecast To 2028 (US$ Million)
Figure 29. Others: Meat Extract Market– Revenue and Forecast To 2028 (US$ Million)
Figure 30. Global Meat Extract Market Revenue Share, by Region (2020 and 2028)
Figure 31. North America: Meat Extract Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. North America: Meat Extract Market Revenue Share, by Type (2020 and 2028)
Figure 33. North America: Meat Extract Market Revenue Share, by Form (2020 and 2028)
Figure 34. North America: Meat Extract Market Revenue Share, by Application (2020 and 2028)
Figure 35. North America: Meat Extract Market Revenue Share, by Key Country (2020 and 2028)
Figure 36. US: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
Figure 37. Canada: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
Figure 38. Mexico: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
Figure 39. Europe: Meat Extract Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Europe: Meat Extract Market Revenue Share, by Type (2020 and 2028)
Figure 41. Europe: Meat Extract Market Revenue Share, by Form (2020 and 2028)
Figure 42. Europe: Meat Extract Market Revenue Share, by Application (2020 and 2028)
Figure 43. Europe: Meat Extract Market Revenue Share, by Key Country (2020 and 2028)
Figure 44. Germany: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
Figure 45. France: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
Figure 46. Italy: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
Figure 47. UK: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
Figure 48. Russia: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
Figure 49. Rest of Europe: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
Figure 50. Asia Pacific: Meat Extract Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. Asia Pacific: Meat Extract Market Revenue Share, by Type (2020 and 2028)
Figure 52. Asia Pacific: Meat Extract Market Revenue Share, by Form (2020 and 2028)
Figure 53. Asia Pacific: Meat Extract Market Revenue Share, by Application (2020 and 2028)
Figure 54. Asia Pacific: Meat Extract Market Revenue Share, by Key Country (2020 and 2028)
Figure 55. Australia: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
Figure 56. China: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
Figure 57. India: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
Figure 58. Japan: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
Figure 59. South Korea: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
Figure 60. Rest of Asia Pacific: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
Figure 61. Middle East and Africa: Meat Extract Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. Middle East and Africa: Meat Extract Market Revenue Share, by Type (2020 and 2028)
Figure 63. Middle East and Africa: Meat Extract Market Revenue Share, by Form (2020 and 2028)
Figure 64. Middle East and Africa: Meat Extract Market Revenue Share, by Application (2020 and 2028)
Figure 65. Middle East and Africa: Meat Extract Market Revenue Share, by Key Country (2020 and 2028)
Figure 66. South Africa: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
Figure 67. Saudi Arabia: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
Figure 68. UAE: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
Figure 69. Rest of MEA: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
Figure 70. South and Central America: Meat Extract Market – Revenue and Forecast to 2028 (US$ Million)
Figure 71. South and Central America: Meat Extract Market Revenue Share, by Type (2020 and 2028)
Figure 72. South and Central America: Meat Extract Market Revenue Share, by Form (2020 and 2028)
Figure 73. South and Central America: Meat Extract Market Revenue Share, by Application (2020 and 2028)
Figure 74. South and Central America: Meat Extract Market Revenue Share, by Key Country (2020 and 2028)
Figure 75. Brazil: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
Figure 76. Argentina: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
Figure 77. Rest of South and Central America: Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)
Figure 78. Impact of COVID-19 Pandemic on North America Meat Extract Market
Figure 79. Impact of COVID-19 Pandemic on Europe Meat Extract Market
Figure 80. Impact of COVID-19 Pandemic on Asia Pacific Meat Extract Market
Figure 81. Impact of COVID-19 Pandemic on the Middle East & Africa Meat Extract Market
Figure 82. Impact of COVID-19 Pandemic on South & Central America Meat Extract Market
The List of Companies - Meat Extract Market
- Colin Ingrédients
- Carnad Natural Taste
- Diana Group
- PT Foodex Inti Ingredients
- Givaudan S.A.
- JBS S.A.
- Maverick Biosciences Pty Ltd
- Nippon Ham Group
- Titan Biotech Limited
- Proliant Biologicals, LLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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