Global Beef Extract Market, By Source (Organic, Conventional), End-Use (Food & Beverage Industry, Lab Testing), Form (Powder, Oil, Liquid, Granules, Capsules, Paste, Others), Application (Industrial, Commercial), Distribution Channel (B2B, B2C, Hypermarket/Supermarket, Grocery Stores, Retail Stores, Online, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Beef Extract Market
The beef extract market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 2.40 billion by 2028 and grow at a CAGR of 7.00% in the above-mentioned forecast period. Increase in the urbanization and the fast-paced lifestyles of working populations as an essential factor driving the beef extract market.
Meat extracts are enriched with numerous nutritional compositions which include vitamins, proteins and other micro constituents which are beneficial for the growth of human as well as for animal. Meat extract was invented by a 19th-century organic chemist called Baron Justus Von Liebig and is a highly concentrated meat stock, usually made from beef.
Increase in the demand for processed food due to the reduction in average meal prep time is a vital factor escalating the market growth, also rise in the number of fast-food outlets all over the globe, increase in the consumption rate of the meat based products due to their flavouring as well as seasonings in food products in the U.S, continuous decrease in the average household size and increase in the number of working individuals are the major factors among others driving the beef extract market. Moreover, rise in the research and development activities and increase in the modernization in the new products offered in the market will further create new opportunities for the beef extract market in the forecast period of 2021- 2028.
However, rise in the awareness regarding the side effects form the consumption of beef among the population acts as the major factors among others acting as restraints, and will further challenge the beef extract market in the forecast period.
The beef extract market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the beef extract market contact Data bridge market research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Beef extract market Scope and Market Size
The beef extract market is segmented on the basis of source, end-use, form, application and distribution channel. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- On the basis of source, the beef extract market is segmented into organic and conventional.
- Based on end-use, the beef extract market is segmented into food & beverage industry and lab testing.
- Based on form, the beef extract market is segmented into powder, oil, liquid, granules, capsules, paste and others.
- Based on application, the beef extract market is segmented into industrial and commercial.
The beef extract market is also segmented on the basis of distribution channel into B2B, B2C, hypermarket/supermarket, grocery stores, retail stores, online and others.
Beef extract market Country Level Analysis
The beef extract market is analysed and market size insights and trends are provided by country, source, end-use, form, and application and distribution channel as referenced above.
The countries covered in beef extract market are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa (MEA).
North America dominates the beef extract market due to rise in the consumption of animal-rich protein sources, rise in the demand for convenience food, changing lifestyles, and rise in consumer disposable income in this region. Asia-Pacific is the expected region in terms of growth in beef extract market due to rise in the consumption of processed and conventional chicken products in emerging countries in this region.
The country section of the beef extract market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Beef extract market Share Analysis
The beef extract market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to beef extract market.
The major players covered in the beef extract market report are APC, Inc, Givaudan, BRF Global, Carnad A/S, NEOGEN CORPORATION, ohly, Meioh Bussan Co., Ltd, HACO AG, Kanegrade Ltd., InthacoCo.,Ltd, Nikken Foods Co,.Ltd, Colin Ingrédients, ARIAKE JAPAN Co.,Ltd., Merck KGaA, JBS GLOBAL, Maverick Biosciences and IDF among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
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