Consumers' preference for protein outside conventional sources has encouraged manufacturers treat meat extract as a key ingredient for wide range of applications
As the trend of 'on-the-go' meal continues to rise, customers leading a highly demanding lifestyle will look for instant meals and pre-cooked products, thus driving the global meat extract market
ALBANY, New York, Feb. 12, 2020 /PRNewswire/ -- A newest research report published by Transparency Market Research projects a healthy rate of growth of the global meat extract market. The report predicts that the global market ~8% over the course of the given forecast period of 2019 to 2029. In 2019, the revenue recorded in the global market was around US$1.2 bn. With this give rate of growth, the global market for meat extract is expected to reach a new valuation worth US$2.5 bn by the fall of 2029.
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Key Learnings from the Research Report
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Explore a report with detailed research, incisive insights, and in-depth country levels estimations. Gain business intelligence on global Meat Extract Market by Meat: Beef, Chicken, Pork, Lamb; End Use: Food Processing, Lab testing; Form: Powder, Liquid, Granules, Paste, Forecast, 2019 2029 at https://www.transparencymarketresearch.com/meat-extract-market.html
Global Meat Extract Market Key Driving Factors
Global Meat Extract Market Key Restraining Factors
Even though the market is developing at a great pace, there are some factors that might impede the growth of the global market in coming years and stop it from reaching its full potential. Some of the important restraining factors for the market are given below:
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Global Meat Extract Market Geographical Outlook
Analyze meat extract market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study.
Global Meat Extract Market Competitive Landscape
The vendor landscape of the global meat extract market is fragmented. The market players are focusing on developing innovative products that will cater to the evolving needs of the modern day consumers. Some of the key names in the meat extract market are Innova Flavors (Griffith Foods Inc.), Nikken Foods Co. Ltd., Meioh Bussan Co. Ltd., Carnad A/S, and Colin Ingredients among others.
Global Meat Extract Market: Classification
Meat Extract Market by Meat
Meat Extract Market by End Use
Meat Extract Market by Form
Meat Extract Market by Region
Explore Transparency Market Research's award-winning coverage of the global Food and Beverages Industry,
Beef Protein Powder Market- The beef protein powder market is anticipated to grow at a CAGR of~6%, to reach a value of~US$ 1.3 Bn by 2029. In the food and nutrition landscape, consumers are getting attracted to the beef protein powder market, as this powder doesn't require the tedious making of bone broth.
Meat Snacks Market- Revenue generated from the global meat snacks market has been estimated to be valued at~US$ 7.1 Bn in 2019,which is projected to increase at a CAGR of ~7%,to reachUS$ 14.5 Bn by 2029.
Story continues
Egg Protein Market- In the egg protein market, the bakery and confectionary sector accounted for the highest revenue in2018, with a value of ~US$ 203 million. This is why, manufacturers are increasing offerings with the introduction of whey-egg-milk protein pancake mixes and bakery paleo egg white protein powders.
Cornmeal Market- The growth of thecornmeal marketis due to various factors such as variety of products available, cornmeal replacing white and wheat flour, nutritional benefits of cornmeal, and its increased incorporation in food products.
Medical Nutrition Market- TMR projects 6.2% CAGR for global medical nutrition market revenue over 2018-2027, geriatric population to remain key consumer demographic.
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Increasing Preference Towards High Protein Diet That is Ready-to-go is Fueling Growth of Global Meat Extract Market; Valuation to Reach ~US$ 2.5 Bn by...
