According to a new report Global Meat Extract Market, published by KBV research, The Global Meat Extract Market size is expected to reach $20.8 billion by 2027, rising at a market growth of 6.3% CAGR during the forecast period.
Meat extract pastes are obtained from fish, pork, chicken, mutton, and beef are extensively utilized in the production of baked & buffed goods, instant noodles, gravies, bouillons & bouillon cubes, canned meat products, pot pies, casseroles, sauces, soups, and stews. The meat extracts-based pasts provide an aroma and improve the flavors of the food items.
The pork extracts segment would witness a substantial growth rate during the forecast period due to a surge in demand for protein-rich and RTE foods. The increase in demand for pork extract due to superior taste and high nutritional value would fuel the growth of the segment during the forecast period.
The North America market dominated the Global Meat Extract Market by Region in 2020, growing at a CAGR of 5.6 % during the forecast period. The Europe market is experiencing a CAGR of 5.9% during (2021 - 2027). Additionally, The Asia Pacific market is poised to grow at a CAGR of 7.6% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/meat-extract-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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, and Inthaco Co., Ltd.
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