The North America Meat Extract Market would witness market growth of 5.6% CAGR during the forecast period (2021-2027). Meat extracts are added with several nutritional compositions such as proteins, vitamins, and other micro constituents which are useful for the development of humans and animals.
Increasing demand and acceptance of meat-based products owing to their delicious flavor resulted in the consumption of various flavors like a lamb, beef, chicken, pork, and other extracts in culinary and in several cuisines. The growth of unique meat flavored has fueled the development of the meat extract market.
The market would be boosted by the shifting diet patterns, market advancements, and R&D activities taken by leading companies in the food industry supporting the economic development in the industry. Rising consumption of a protein-enriched diet and growing health awareness would fuel the demand for the product over the upcoming years. Additionally, the increasing prominence of beef due to its easy approvals, like kosher and halal, will support the growth of the market. As per the Organization for Economic Co-operation and Development (OECD), the total poultry and livestock production in the U.S. would grow at a larger rate with high production of pork, beef, and broiler in 2019.
According to the USDA Statistics, worldwide per capita meat consumption would increase at a prominent rate by 2025. Processed meat makers are planning to launch new products and also including unique flavors to the available range of items. Unique launches like meat straws by Benny’s Original in several varieties such as pork and beef straws would boost the growth of the market.
The US market dominated the North America Commercial Market by Country in 2020, thereby, achieving a market value of $1,313.1 million by 2027. The Canada market is experiencing a CAGR of 10.7% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 9.8% during (2021 - 2027).
Based on Application, the market is segmented into Industrial and Commercial. Based on Form, the market is segmented into Powder, Paste, Liquid and Granules. Based on Type, the market is segmented into Beef, Chicken, Fish, Turkey, Pork and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Meat Extract Market is Estimated to Reach USD 20.8 Billion by 2027 at a CAGR of 6.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
Scope of the Study
Market Segments Covered in the Report:
By Application
By Form
- Powder
- Paste
- Liquid
- Granules
By Type
- Beef
- Chicken
- Fish
- Turkey
- Pork
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Meat Extract Market, by Application
1.4.2 North America Meat Extract Market, by Form
1.4.3 North America Meat Extract Market, by Type
1.4.4 North America Meat Extract Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Meat Extract Market by Application
3.1 North America Industrial Market by Country
3.2 North America Commercial Market by Country
Chapter 4. North America Meat Extract Market by Form
4.1 North America Powder Market by Country
4.2 North America Paste Market by Country
4.3 North America Liquid Market by Country
4.4 North America Granules Market by Country
Chapter 5. North America Meat Extract Market by Type
5.1 North America Beef Market by Country
5.2 North America Chicken Market by Country
5.3 North America Fish Market by Country
5.4 North America Turkey Market by Country
5.5 North America Pork Market by Country
5.6 North America Granules Market by Country
Chapter 6. North America Meat Extract Market by Country
6.1 US Meat Extract Market
6.1.1 US Meat Extract Market by Application
6.1.2 US Meat Extract Market by Form
6.1.3 US Meat Extract Market by Type
6.2 Canada Meat Extract Market
6.2.1 Canada Meat Extract Market by Application
6.2.2 Canada Meat Extract Market by Form
6.2.3 Canada Meat Extract Market by Type
6.3 Mexico Meat Extract Market
6.3.1 Mexico Meat Extract Market by Application
6.3.2 Mexico Meat Extract Market by Form
6.3.3 Mexico Meat Extract Market by Type
6.4 Rest of North America Meat Extract Market
6.4.1 Rest of North America Meat Extract Market by Application
6.4.2 Rest of North America Meat Extract Market by Form
6.4.3 Rest of North America Meat Extract Market by Type
Chapter 7. Company Profiles
7.1 Givaudan S.A.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Acquisition and Mergers:
7.2 Symrise AG (Diana Group)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.3 Haco Holding AG
7.3.1 Company Overview
7.4 JBS USA Holdings, Inc. (JBS S.A)
7.4.1 Company Overview
7.5 WH Group Limited (Smithfield Foods, Inc.)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.6 NH Foods Ltd.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.7 Titan Biotech Ltd.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Regional Analysis
7.8 Carnad Natural Taste
7.8.1 Company Overview
7.9 Chimab S.p.A
7.9.1 Company Overview
7.10. Inthaco Co., Ltd.
7.10.1 Company Overview
TABLE 1 North America Meat Extract Market, 2017 - 2020, USD Million
TABLE 2 North America Meat Extract Market, 2021 - 2027, USD Million
TABLE 3 North America Meat Extract Market by Application, 2017 - 2020, USD Million
TABLE 4 North America Meat Extract Market by Application, 2021 - 2027, USD Million
TABLE 5 North America Industrial Market by Country, 2017 - 2020, USD Million
TABLE 6 North America Industrial Market by Country, 2021 - 2027, USD Million
TABLE 7 North America Commercial Market by Country, 2017 - 2020, USD Million
TABLE 8 North America Commercial Market by Country, 2021 - 2027, USD Million
TABLE 9 North America Meat Extract Market by Form, 2017 - 2020, USD Million
TABLE 10 North America Meat Extract Market by Form, 2021 - 2027, USD Million
TABLE 11 North America Powder Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Powder Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Paste Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Paste Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Liquid Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Liquid Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Granules Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Granules Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Meat Extract Market by Type, 2017 - 2020, USD Million
TABLE 20 North America Meat Extract Market by Type, 2021 - 2027, USD Million
TABLE 21 North America Beef Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Beef Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Chicken Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Chicken Market by Country, 2021 - 2027, USD Million
TABLE 25 North America Fish Market by Country, 2017 - 2020, USD Million
TABLE 26 North America Fish Market by Country, 2021 - 2027, USD Million
TABLE 27 North America Turkey Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Turkey Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Pork Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Pork Market by Country, 2021 - 2027, USD Million
TABLE 31 North America Granules Market by Country, 2017 - 2020, USD Million
TABLE 32 North America Granules Market by Country, 2021 - 2027, USD Million
TABLE 33 North America Meat Extract Market by Country, 2017 - 2020, USD Million
TABLE 34 North America Meat Extract Market by Country, 2021 - 2027, USD Million
TABLE 35 US Meat Extract Market, 2017 - 2020, USD Million
TABLE 36 US Meat Extract Market, 2021 - 2027, USD Million
TABLE 37 US Meat Extract Market by Application, 2017 - 2020, USD Million
TABLE 38 US Meat Extract Market by Application, 2021 - 2027, USD Million
TABLE 39 US Meat Extract Market by Form, 2017 - 2020, USD Million
TABLE 40 US Meat Extract Market by Form, 2021 - 2027, USD Million
TABLE 41 US Meat Extract Market by Type, 2017 - 2020, USD Million
TABLE 42 US Meat Extract Market by Type, 2021 - 2027, USD Million
TABLE 43 Canada Meat Extract Market, 2017 - 2020, USD Million
TABLE 44 Canada Meat Extract Market, 2021 - 2027, USD Million
TABLE 45 Canada Meat Extract Market by Application, 2017 - 2020, USD Million
TABLE 46 Canada Meat Extract Market by Application, 2021 - 2027, USD Million
TABLE 47 Canada Meat Extract Market by Form, 2017 - 2020, USD Million
TABLE 48 Canada Meat Extract Market by Form, 2021 - 2027, USD Million
TABLE 49 Canada Meat Extract Market by Type, 2017 - 2020, USD Million
TABLE 50 Canada Meat Extract Market by Type, 2021 - 2027, USD Million
TABLE 51 Mexico Meat Extract Market, 2017 - 2020, USD Million
TABLE 52 Mexico Meat Extract Market, 2021 - 2027, USD Million
TABLE 53 Mexico Meat Extract Market by Application, 2017 - 2020, USD Million
TABLE 54 Mexico Meat Extract Market by Application, 2021 - 2027, USD Million
TABLE 55 Mexico Meat Extract Market by Form, 2017 - 2020, USD Million
TABLE 56 Mexico Meat Extract Market by Form, 2021 - 2027, USD Million
TABLE 57 Mexico Meat Extract Market by Type, 2017 - 2020, USD Million
TABLE 58 Mexico Meat Extract Market by Type, 2021 - 2027, USD Million
TABLE 59 Rest of North America Meat Extract Market, 2017 - 2020, USD Million
TABLE 60 Rest of North America Meat Extract Market, 2021 - 2027, USD Million
TABLE 61 Rest of North America Meat Extract Market by Application, 2017 - 2020, USD Million
TABLE 62 Rest of North America Meat Extract Market by Application, 2021 - 2027, USD Million
TABLE 63 Rest of North America Meat Extract Market by Form, 2017 - 2020, USD Million
TABLE 64 Rest of North America Meat Extract Market by Form, 2021 - 2027, USD Million
TABLE 65 Rest of North America Meat Extract Market by Type, 2017 - 2020, USD Million
TABLE 66 Rest of North America Meat Extract Market by Type, 2021 - 2027, USD Million
TABLE 67 key Information – Givaudan S.A.
TABLE 68 key Information – Symrise AG
TABLE 69 key information – Haco Holding AG
TABLE 70 Key Information – JBS USA Holdings, Inc.
TABLE 71 Key Information – WH Group Limited
TABLE 72 key Information – NH Foods Ltd.
TABLE 73 Key Information – Titan Biotech Ltd.
TABLE 74 key information – Carnad Natural Taste
TABLE 75 Key Information – Chimab S.p.A
TABLE 76 Key Information – Inthaco Co., Ltd.
List of Figures
FIG 1 Methodology for the research