Cibi e Bevande
Meat Extract Market Size Worth $27.7 Billion by 2025 | CAGR: 3.5%: Grand View Research, Inc.
Growing demand for meat products as a key source of protein in China and increasing disposable incomes are anticipated to drive the consumption of meat extract oils over the forecast period. In addition, favorable government initiatives pertaining to the food industry are expected to remain an important driving factor in the near future.
Consumers are focusing on food products that are sustainable, healthy, and are not prepared using synthetic flavorings or additives. Keeping this in mind, companies, such as BRF Ingredients; Carnad A/S; and Nikken Foods Co., Ltd., through their intensive and ongoing research & development activities, have introduced variable formulations to address the aforementioned concerns of consumers. Aforementioned trends are anticipated to boost the demand for meat extracts market in the near future.
The market in Asia Pacific is anticipated to witness the fastest growth rate over the forecast period. Urbanization, westernization of diets, population expansion, and growing middle-class with high disposable incomes, increasing frequency of exercise, and rising focus on leading an active & healthy lifestyle in the emerging economies including China and India are expected to drive the demand for meat extracts. The demand for the extracts in various forms is rising in Japan owing to rapid westernization and increasing consumer demand for ready-to-eat as well as convenience food products.
The market is highly competitive and is driven by product offerings and consumer demand. Companies engaged in manufacturing meat extracts are also opting for backward integration across the value chain to ensure and enhance the quality of the raw materials. Givaudan, Haco Holding AG; International Dehydrated Foods, Inc.; Carnad Natural Taste; Titan Biotech; and Bhagwati Chemicals are the major manufacturers of meat extracts in the market.
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco , the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Sherry James
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Grand View Research, Inc.
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