North America Meat Extract Market, By Product (Beef Extract, Pork Extract, Chicken Extract, Fish Extract, Lamb Extract, Other Meat Extracts), Type (Stock, Extract), Form (Powder, Paste, Liquid), Function (Flavoring Agent, Preparation of Culture Media, andOthers), Category (Conventional, Organic), Application (Food & Beverage, Pharmaceutical/Laboratory Research), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2029.
Market Analysis and Insights : North America Meat Extract Market
North America meat extract market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.3% in the forecast period of 2022 to 2029 and is expected to reach USD 5,229.66 million by 2029. Growing demand for protein-rich food products and beverages among consumers is expected to drive the North America meat extract market growth.
Meat extract contains the concentrated essence of meat. It is a rich form of meat stock obtained from animal sources such as beef, chicken, pork, seafood, and others. Meat extract is enriched with protein content and offers various health benefits such as boosting immune health, building and repairing healthy muscle, bones, skin and blood cells, and others. It is widely used for both industrial and commercial purposes. It acts as a flavoring agent for making processed food and beverages by improving the taste and flavor of the food. It is also used in biological research for culture media preparation and other purposes like industrial fermentation, analytical microbiology, and others.
Meat extracts are of two types, stock and extract, used as a flavoring agent, prepare culture media, and other purposes. The growing demand for the high nutritional value of meat extracts coupled with extensive use of meat extract in microbiology to grow culture media is anticipated to propel the growth of the North America meat extract market. However, stringent regulations laid by governmental bodies may hamper the market's growth.
Growing demand for protein-rich products is projected to create immense opportunities for meat extract manufacturers, whereas high competition among market players may challenge the market's growth.
North America meat extract market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the North America meat extract market scenario, contact Data Bridge Market Research for an Analyst Brief; our team will help you create a revenue impact solution to achieve your desired goal.
North America Meat Extract Market Scope and Market Size
North America meat extract market is segmented based on product, type, form, function, category, and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the North America meat extract market is segmented into beef extract, pork extract, chicken extract, fish extract, lamb extract, and other meat extracts. In 2022, the beef extract segment is expected to dominate the North America meat extract market due to increased food sectors such as restaurants, hotels, resorts serving beef and beef products.
- On the basis of type, the North America meat extract market is segmented into stock and extract. In 2022, the stock segment is expected to dominate the North America meat extract market due to the growing demand for stock as it enhances the taste of processed products and adds flavor to the products.
- On the basis of form, the North America meat extract market is segmented into powder, paste, and liquid. In 2022, the powder segment is expected to dominate the North America meat extract market due to the growing demand as they easily available in many retail stores and super markets and is widely used for the preparation of culture media in many research laboratories.
- On the basis of function, the North America meat extract market is segmented into flavoring agent, preparation of culture media, and others. In 2022, the flavoring agent segment is expected to dominate the North America meat extract market as flavor uplifts the products popularity and provides savories to the food products and elevates the taste.
- On the basis of category, the North America meat extract market is segmented into organic and conventional. In 2022, the conventional segment is expected to dominate the North America meat extract market as they have low prices and wide applications such as preparation of culture media, flavoring agents, and others.
- On the basis of application, the North America meat extract market is segmented into food & beverage and pharmaceutical/laboratory research. In 2022, the food & beverage segment is expected to dominate the North America meat extract market due to surging demand in food service sectors as they act as flavoring agent among food manufacturers, commercial consumers, and others.
North America Meat Extract Market Country Level Analysis
North America meat extract market is analyzed, and market size information is provided by the country, product, type, form, function, category, and application as referenced above.
Some of the countries covered in the North America meat extract market report are the U.S., Canada, Mexico. The U.S. is expected to dominate the North America meat extract market because of the growing foodservice industry in the region. Canada may also dominate the region due to strategic alliances among key manufacturers.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North American brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Growing Strategic Activities by Major Market Players is Boosting the North America Meat Extract Market Growth
North America meat extract market also provides you with a detailed market analysis for every country's growth in the particular market. Additionally, it provides detailed information regarding the market players’ strategy and geographical presence. The data is available for the historical period 2011 to 2020.
Competitive Landscape and North America Meat Extract Market Share Analysis
North America meat extract market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width, and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to the North America meat extract market.
Some of the major companies in the North America meat extract market are Kerry, Thermo Fisher Scientific Inc., BD, PACIFIC FOODS OF OREGON, LLC, Bare Bones, Bonafide Provisions, Hardy Diagnostics, MP BIOMEDICALS, Nikken Foods Co., Ltd, Abbexa, Alpha Biosciences, Bio Basic Inc., HiMedia Laboratories, Essentia Protein Solutions, NEOGEN Corporation, International Dehydrated Foods, Inc., Proliant Biologicals, LLC., among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many contracts and agreements are also initiated by the companies worldwide, which also accelerates the North America meat extract market.
For instance,
- In July 2018, PACIFIC FOODS OF OREGON, LLC launched a new line of nourishing organic soups made satiating with organic chicken bone broth. The soup contains 7-10 grams of protein and 400-600mg of sodium per serving. The soup is made from clean and organic ingredients. The new launch aimed to attract more consumers by introducing a new combination of soup and broth and enhancing the business
- In June 2021, according to Industry Dive, Kerry acquired Niacet, a clean-label, low-sodium preservatives specialist, for around USD one billion. This acquisition aims to use their preservation technologies for meat-based products and their drying and granulation process for meat, and other applications
Collaboration, product launch, business expansion, award and recognition, joint ventures, and other strategies by the market player enhance the company's footprints in the North America meat extract market, which also benefits the organization’s profit growth.
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Table of Content
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF NORTH AMERICA MEAT EXTRACT MARKET
1.4 LIMITATIONS
1.5 MARKETS COVERED
2 MARKET SEGMENTATION
2.1 MARKETS COVERED
2.2 GEOGRAPHICAL SCOPE
2.3 YEARS CONSIDERED FOR THE STUDY
2.4 CURRENCY AND PRICING
2.5 DBMR TRIPOD DATA VALIDATION MODEL
2.6 MULTIVARIATE MODELLING
2.7 PRODUCT LIFELINE CURVE
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.9 DBMR MARKET POSITION GRID
2.1 VENDOR SHARE ANALYSIS
2.11 SECONDARY SOURCES
2.12 ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 BRAND ANALYSIS
4.2 COMPARATIVE ANALYSIS WITH PARENT MARKET
4.3 LIST OF SUBSTITUTES IN THE NORTH AMERICA MEAT EXTRACT MARKET
4.4 NORTH AMERICA MEAT EXTRACT MARKET: MARKETING STRATEGIES
4.4.1 LAUNCHING INNOVATIVE MEAT EXTRACT PRODUCTS
4.4.2 THOUGHTFUL PACKAGING
4.4.3 A VAST NETWORK OF DISTRIBUTION
4.5 RAW MATERIAL PRICING ANALYSIS
4.6 SUPPLY CHAIN OF NORTH AMERICA MEAT EXTRACT MARKET
4.6.1 RAW MATERIAL PROCUREMENT
4.6.2 MEAT EXTRACT PRODUCTION/PROCESSING
4.6.3 MARKETING & DISTRIBUTION
4.6.4 END USERS
4.7 VALUE CHAIN OF NORTH AMERICA MEAT EXTRACT MARKET
5 NORTH AMERICA MEAT EXTRACT MARKET- REGULATORY FRAMEWORKS
6 MARKET OVERVIEW
6.1 DRIVERS
6.1.1 HIGH NUTRITIONAL VALUE OF MEAT EXTRACT
6.1.2 SURGE IN THE DEMAND FOR CLEAN LABEL FOOD
6.1.3 EXTENSIVE USE OF MEAT EXTRACT IN MICROBIOLOGY TO GROW CULTURE MEDIA
6.1.4 INCREASING AWARENESS REGARDING DIET CLAIMS
6.2 RESTRAINTS
6.2.1 STRINGENT REGULATIONS LAID BY THE GOVERNMENT BODIES
6.2.2 HIGH IMPACT OF RELIGIOUS SENTIMENTS ON THE MARKET
6.3 OPPORTUNITIES
6.3.1 GROWING DEMAND FOR PROTEIN-RICH PRODUCTS
6.3.2 RISE IN CHANGING NORTH AMERICA DIET TRENDS AND INCREASING HEALTH-CONSCIOUS CONSUMERS
6.4 CHALLENGES
6.4.1 HIGH COMPETITION AMONG MARKET PLAYERS
6.4.2 SUPPLY CHAIN DISRUPTION DUE TO COVID-19
7 NORTH AMERICA MEAT EXTRACT MARKET, BY TYPE
7.1 OVERVIEW
7.2 STOCK
7.3 EXTRACT
8 NORTH AMERICA MEAT EXTRACT MARKET, BY FUNCTION
8.1 OVERVIEW
8.2 FLAVORING AGENT
8.3 PREPARATION OF CULTURE MEDIA
8.4 OTHERS
9 NORTH AMERICA MEAT EXTRACT MARKET, BY CATEGORY
9.1 OVERVIEW
9.2 CONVENTIONAL
9.3 ORGANIC
10 NORTH AMERICA MEAT EXTRACT MARKET, BY PRODUCT
10.1 OVERVIEW
10.2 BEEF EXTRACT
10.2.1 BEEF EXTRACT, BY TYPE
10.2.2 STOCK
10.2.3 EXTRACT
10.3 PORK EXTRACT
10.3.1 PORK EXTRACT, BY TYPE
10.3.2 STOCK
10.3.3 EXTRACT
10.4 CHICKEN EXTRACT
10.4.1 CHICKEN EXTRACT, BY TYPE
10.4.2 STOCK
10.4.3 EXTRACT
10.5 FISH EXTRACT
10.5.1 FISH EXTRACT, BY TYPE
10.5.2 STOCK
10.5.3 EXTRACT
10.6 LAMB EXTRACT
10.6.1 LAMB EXTRACT, BY TYPE
10.6.2 STOCK
10.6.3 EXTRACT
10.7 OTHER MEAT EXTRACTS
11 NORTH AMERICA MEAT EXTRACT MARKET, BY FORM
11.1 OVERVIEW
11.2 POWDER
11.3 PASTE
11.4 LIQUID
12 NORTH AMERICA MEAT EXTRACT MARKET, BY APPLICATION
12.1 OVERVIEW
12.2 FOOD & BEVERAGE
12.2.1 FOOD & BEVERAGE, BY TYPE
12.2.1.1 SOUP BROTHS
12.2.1.2 READY-TO-EAT MEALS
12.2.1.3 SEASONING & SAUCES
12.2.1.4 PROCESSED FOODS
12.2.1.4.1 INSTANT NOODLES
12.2.1.4.2 INSTANT SOUP POWDER
12.2.1.4.3 OTHERS
12.2.1.5 MEAT BASED SNACKS
12.2.1.5.1 SAUSAGES
12.2.1.5.2 MEATBALLS
12.2.1.5.3 MEAT BURGERS
12.2.1.5.4 NUGGETS
12.2.1.5.5 OTHERS
12.2.1.6 BAKERY & CONFECTIONERY PRODUCTS
12.2.1.7 BEVERAGES
12.2.1.8 SPORTS NUTRITION
12.2.1.9 OTHERS
12.2.2 FOOD & BEVERAGE, BY FORM
12.2.2.1 POWDER
12.2.2.2 PASTE
12.2.2.3 LIQUID
12.3 PHARMACEUTICAL/LABORATORY RESEARCH
12.3.1 PHARMACEUTICAL/LABORATORY RESEARCH, BY TYPE
12.3.1.1 MICROBIOLOGICAL ANALYSIS
12.3.1.2 ANIMAL HEALTH VACCINES
12.3.1.3 OTHERS
12.3.2 PHARMACEUTICAL/LABORATORY RESEARCH, BY FORM
12.3.2.1 POWDER
12.3.2.2 PASTE
12.3.2.3 LIQUID
13 NORTH AMERICA MEAT EXTRACT MARKET, BY REGION
13.1 NORTH AMERICA
13.1.1 U.S.
13.1.2 CANADA
13.1.3 MEXICO
14 NORTH AMERICA MEAT EXTRACT MARKET: COMPANY LANDSCAPE
14.1 COMPANY SHARE ANALYSIS: NORTH AMERICA
15 SWOT ANALYSIS
16 COMPANY PROFILES
16.1 KERRY
16.1.1 COMPANY SNAPSHOT
16.1.2 REVENUE ANALYSIS
16.1.3 COMPANY SHARE ANALYSIS
16.1.4 PRODUCT PORTFOLIO
16.1.5 RECENT DEVELOPMENTS
16.2 THERMO FISHER SCIENTIFIC INC.
16.2.1 COMPANY SNAPSHOT
16.2.2 REVENUE ANALYSIS
16.2.3 COMPANY SHARE ANALYSIS
16.2.4 PRODUCT PORTFOLIO
16.2.5 RECENT DEVELOPMENT
16.3 BD
16.3.1 COMPANY SNAPSHOT
16.3.2 REVENUE ANALYSIS
16.3.3 COMPANY SHARE ANALYSIS
16.3.4 PRODUCT PORTFOLIO
16.3.5 RECENT DEVELOPMENT
16.4 NH FOODS AUSTRALIA
16.4.1 COMPANY SNAPSHOT
16.4.2 COMPANY SHARE ANALYSIS
16.4.3 PRODUCT PORTFOLIO
16.4.4 RECENT DEVELOPMENT
16.5 PACIFIC FOODS OF OREGON, LLC.
16.5.1 COMPANY SNAPSHOT
16.5.2 PRODUCT PORTFOLIO
16.5.3 RECENT DEVELOPMENTS
16.6 ARIAKE JAPAN CO.LTD.
16.6.1 COMPANY SNAPSHOT
16.6.2 PRODUCT PORTFOLIO
16.6.3 RECENT DEVELOPMENT
16.7 ESSENTIA PROTEIN SOLUTIONS
16.7.1 COMPANY SNAPSHOT
16.7.2 PRODUCT PORTFOLIO
16.7.3 RECENT DEVELOPMENT
16.8 A. COSTANTINO & C.SPA
16.8.1 COMPANY SNAPSHOT
16.8.2 PRODUCT PORTFOLIO
16.8.3 RECENT DEVELOPMENT
16.9 ABBEXA
16.9.1 COMPANY SNAPSHOT
16.9.2 PRODUCT PORTFOLIO
16.9.3 RECENT DEVELOPMENT
16.1 ALPHA BIOSCIENCES
16.10.1 COMPANY SNAPSHOT
16.10.2 PRODUCT PORTFOLIO
16.10.3 RECENT DEVELOPMENT
16.11 BARE BONES
16.11.1 COMPANY SNAPSHOT
16.11.2 PRODUCT PORTFOLIO
16.11.3 RECENT DEVELOPMENT
16.12 BIO BASIC INC.
16.12.1 COMPANY SNAPSHOT
16.12.2 PRODUCT PORTFOLIO
16.12.3 RECENT DEVELOPMENT
16.13 BONAFIDE PROVISIONS
16.13.1 COMPANY SNAPSHOT
16.13.2 PRODUCT PORTFOLIO
16.13.3 RECENT DEVELOPMENT
16.14 CARNAD
16.14.1 COMPANY SNAPSHOT
16.14.2 PRODUCT PORTFOLIO
16.14.3 RECENT DEVELOPMENT
16.15 COLIN INGRÉDIENTS
16.15.1 COMPANY SNAPSHOT
16.15.2 PRODUCT PORTFOLIO
16.15.3 RECENT DEVELOPMENT
16.16 HARDY DIAGNOSTICS
16.16.1 COMPANY SNAPSHOT
16.16.2 PRODUCT PORTFOLIO
16.16.3 RECENT DEVELOPMENT
16.17 HIMEDIA LABORATORIES
16.17.1 COMPANY SNAPSHOT
16.17.2 PRODUCT PORTFOLIO
16.17.3 RECENT DEVELOPMENT
16.18 INTERNATIONAL DEHYDRATED FOODS, INC.
16.18.1 COMPANY SNAPSHOT
16.18.2 PRODUCT PORTFOLIO
16.18.3 RECENT DEVELOPMENTS
16.19 JBS NORTH AMERICA
16.19.1 COMPANY SNAPSHOT
16.19.2 PRODUCT PORTFOLIO
16.19.3 RECENT DEVELOPMENT
16.2 MAVERICK BIOSCIENCES
16.20.1 COMPANY SNAPSHOT
16.20.2 PRODUCT PORTFOLIO
16.20.3 RECENT DEVELOPMENT
16.21 MEIOH BUSSAN CO., LTD.
16.21.1 COMPANY SNAPSHOT
16.21.2 PRODUCT PORTFOLIO
16.21.3 RECENT DEVELOPMENT
16.22 MP BIOMEDICALS
16.22.1 COMPANY SNAPSHOT
16.22.2 PRODUCT PORTFOLIO
16.22.3 RECENT DEVELOPMENT
16.23 NEOGEN CORPORATION.
16.23.1 COMPANY SNAPSHOT
16.23.2 PRODUCT PORTFOLIO
16.23.3 RECENT DEVELOPMENTS
16.24 NIKKEN FOODS CO., LTD.
16.24.1 COMPANY SNAPSHOT
16.24.2 PRODUCT PORTFOLIO
16.24.3 RECENT DEVELOPMENT
16.25 PROLIANT BIOLOGICALS LLC.
16.25.1 COMPANY SNAPSHOT
16.25.2 PRODUCT PORTFOLIO
16.25.3 RECENT DEVELOPMENT
16.26 PT. FOODEX INDONESIA
16.26.1 COMPANY SNAPSHOT
16.26.2 PRODUCT PORTFOLIO
16.26.3 RECENT DEVELOPMENT
17 QUESTIONARE:
18 RELATED REPORTS
List of Table
TABLE 1 COMPARISON OF MEAT EXTRACT WITH MEAT (PER 100G)
TABLE 2 LIST OF MEAT EXTRACT SUBSTITUTES
TABLE 3 BEEF MEAT PRICES
TABLE 4 CHICKEN MEAT PRICES
TABLE 5 TURKEY MEAT PRICES
TABLE 6 OTHER POULTRY MEAT PRICES
TABLE 7 PORK MEAT PRICES
TABLE 8 SEAFOOD MEAT PRICES
TABLE 9 BEEF MEAT PRICE AS PER COUNTRY
TABLE 10 CHICKEN MEAT PRICES AS PER COUNTRY
TABLE 11 NUTRITIONAL INFORMATION OF BEEF MEAT EXTRACT (PER 100 GRAMS)
List of Figure
FIGURE 1 NORTH AMERICA MEAT EXTRACT MARKET: SEGMENTATION
FIGURE 2 NORTH AMERICA MEAT EXTRACT MARKET: DATA TRIANGULATION
FIGURE 3 NORTH AMERICA MEAT EXTRACT MARKET: DROC ANALYSIS
FIGURE 4 NORTH AMERICA MEAT EXTRACT MARKET: NORTH AMERICA VS REGIONAL MARKET ANALYSIS
FIGURE 5 NORTH AMERICA MEAT EXTRACT MARKET: COMPANY RESEARCH ANALYSIS
FIGURE 6 NORTH AMERICA MEAT EXTRACT MARKET: INTERVIEW DEMOGRAPHICS
FIGURE 7 NORTH AMERICA MEAT EXTRACT MARKET: DBMR MARKET POSITION GRID
FIGURE 8 NORTH AMERICA MEAT EXTRACT MARKET: VENDOR SHARE ANALYSIS
FIGURE 9 NORTH AMERICA MEAT EXTRACT MARKET: SEGMENTATION
FIGURE 10 EUROPE IS EXPECTED TO DOMINATE THE NORTH AMERICA MEAT EXTRACT MARKET AND GROW WITH THE HIGHEST CAGR IN THE FORECAST PERIOD
FIGURE 11 HIGH NUTRITIONAL VALUE OF MEAT EXTRACT IS EXPECTED TO DRIVE THE NORTH AMERICA MEAT EXTRACT MARKET IN THE FORECAST PERIOD
FIGURE 12 BEEF EXTRACT SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE NORTH AMERICA MEAT EXTRACT MARKET IN 2022 & 2029
FIGURE 13 SUPPLY CHAIN OF NORTH AMERICA MEAT EXTRACT MARKET
FIGURE 14 VALUE CHAIN OF NORTH AMERICA MEAT EXTRACT MARKET
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF THE NORTH AMERICA MEAT EXTRACT MARKET
FIGURE 16 NORTH AMERICA MEAT EXTRACT MARKET, BY TYPE, 2021
FIGURE 17 NORTH AMERICA MEAT EXTRACT MARKET, BY FUNCTION, 2021
FIGURE 18 NORTH AMERICA MEAT EXTRACT MARKET, BY CATEGORY, 2021
FIGURE 19 NORTH AMERICA MEAT EXTRACT MARKET, BY PRODUCT, 2021
FIGURE 20 NORTH AMERICA MEAT EXTRACT MARKET, BY FORM, 2021
FIGURE 21 NORTH AMERICA MEAT EXTRACT MARKET, BY APPLICATION, 2021
FIGURE 22 NORTH AMERICA MEAT EXTRACT MARKET: SNAPSHOT (2021)
FIGURE 23 NORTH AMERICA MEAT EXTRACT MARKET: BY COUNTRY (2021)
FIGURE 24 NORTH AMERICA MEAT EXTRACT MARKET: BY COUNTRY (2022 & 2029)
FIGURE 25 NORTH AMERICA MEAT EXTRACT MARKET: BY COUNTRY (2021 & 2029)
FIGURE 26 NORTH AMERICA MEAT EXTRACT MARKET: BY PRODUCT (2022 & 2029)
FIGURE 27 NORTH AMERICA MEAT EXTRACT MARKET: COMPANY SHARE 2021 (%)
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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