Market Estimation & Definition

The Meat Extract Industry was valued at USD 2.4 billion in 2023 and is expected to expand at a CAGR of 5.6% from 2024 to 2030, reaching approximately USD 3.51 billion by 2030. Meat extracts are concentrated preparations derived from animal meat, extensively used for their rich flavor profile, nutritional benefits, and functional roles in culinary applications, seasonings, soups, and culture media in laboratories.

Market Overview

Meat extract is obtained upon liquid extraction and concentration of the water-soluble fraction from meat. The term ‘meat extract’ made from meat, bones, and liver, which differ in their composition and flavor as a result of differences in their origin and the components found in various raw materials. The global meat extract market has been experienced steady growth driven by factors such as increased consumer preference for natural food ingredients, rising demand for convenience foods, and the growing popularity of meat-based flavors.

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Market Growth Drivers & Opportunities

Key factors contributing to the growth of the meat extract market include:

• Growing Demand for Umami Flavors: Increasing consumer preference for authentic, savory flavors in processed and ready-to-eat foods is significantly driving demand.

• Expansion in Convenience Foods & Foodservice Industry: The rising popularity of instant soups, sauces, snacks, and pre-cooked meals is fueling the need for natural meat-based flavor enhancers.

• Sustainable Utilization of Animal By-Products: Transforming meat by-products into valuable extracts contributes to waste reduction and supports circular economy initiatives.

• Use in Laboratory Applications: The increasing use of meat extract as a nutrient source in culture media for pharmaceutical and food microbiology applications offers additional market growth avenues.

Market Dynamics

Increased Demand for Umami Flavors driving the Meat Extract Market

One of the key drivers of the growing popularity of meat extract is the increasing demand for umami flavors in the food industry. Umami, often described as a savory or meaty taste, is one of the five basic tastes, along with sweet, sour, bitter, and salty. Meat extract is rich in umami compounds, making it a valuable ingredient for enhancing the flavor of various dishes. As consumer palates become more sophisticated and adventurous, there is a growing interest in foods that deliver complex and satisfying umami flavors.

Sustainability and Waste Reduction

Another driver of the increased use of meat extract is the growing focus on sustainability and waste reduction in the food industry. Meat extract is typically made from by-products of the meat industry, such as bones, trimmings, and other parts that are not suitable for direct consumption. By processing these by-products into meat extract, producers extract valuable flavors. This aligns with the broader trend in sustainable food production and consumption, as it helps to reduce the environmental impact of meat production and contributes to the efficient use of resources.

Segmentation Analysis

The market is segmented based on:

by Type

Chicken
Pork
Beef
Fish
Others

by Form

Powder
Liquid
Granule
Paste

by Application

Ready Meals
Snacks
Soups and Broths
Seasonings
Others

by End-User

Food Processing
Lab Testing

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Health and Nutrition Concerns

Health and nutrition concerns is a significant challenge to the meat extract market, potentially restraining its growth. Consumers are increasingly conscious of their dietary choices, focusing on products that offer health benefits and align with their nutritional goals. While meat extract is a source of protein and other nutrients, it is also high in sodium, contributes to health issues such as high blood pressure and heart disease.

Consumer Trend

Health-Conscious Choices: The trend of consumers towards processed beef products with lower amounts of fat, lowered salt levels, and less additives is indicative of their growing health consciousness. Additionally, they are looking for leaner protein sources such as chicken and turkey.

Country-Level Analysis

United States:
North America dominates the global market, with the U.S. contributing the largest share. High demand for savory, umami-rich food products, coupled with the presence of established food processing industries and advanced pharmaceutical labs, reinforces market strength in the country.

Germany:
Germany stands as a significant market within Europe, characterized by strong demand for high-quality, clean-label, and natural meat-based flavors. The country's robust processed food sector and health-aware consumer base drive steady market expansion, especially in premium and organic product segments.

Commutator Analysis

The market structure reflects moderate-to-high competition, with numerous regional and global players. Key characteristics include:

Asia Pacific:
1. PT. Foodex Indonesia - Indonesia
2. Nikken Foods Co., Ltd. - Japan
3. NH Foods Australia - Australia
4. Ariake Japan Co., Ltd. - Japan
5. Meioh Bussan Co., Ltd. - Japan

North America:
1. Kerry - United States
2. Pacific Foods of Oregon, LLC - United States
3. Bare Bones - United States
4. Bonafide Provisions - United States
5. Hardy Diagnostics - United States

Competitive Landscapes

The meat extract market exhibits high market concentration, with a few key players dominating the majority of market share because of their strong brand presence and extensive distribution networks. Companies are focusing on product innovation, expanding their product portfolios, and strategic collaborations to gain a competitive edge. Some key players in the market include Nestle, JBS S.A., Kerry Group, Carnad A/S, and Proliant Meat Ingredients.

Conclusion

For Immediate Release
The global meat extract market is on a firm growth trajectory, projected to reach USD 3.51 billion by 2030. Rising demand for umami-rich, natural flavors in processed and convenience foods, alongside expanding applications in laboratory and biotechnological fields, are propelling market growth. While North America continues to lead, Europe, with Germany as a key contributor, offers attractive opportunities driven by clean-label and premium product trends. With growing health awareness and technological innovations, the market is set to evolve with diversified offerings and sustainable practices in the years ahead.