Brazil Meat Extract Market Size & Outlook, 2023-2030
Brazil meat extract market, 2018-2030 (US$M)
Related Markets
Brazil meat extract market highlights
- The Brazil meat extract market generated a revenue of USD 689.5 million in 2023 and is expected to reach USD 1,056.8 million by 2030.
- The Brazil market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, beef was the largest revenue generating type in 2023.
- Chicken is the most lucrative type segment registering the fastest growth during the forecast period.
Meat extract market data book summary
| Market revenue in 2023 | USD 689.5 million |
| Market revenue in 2030 | USD 1,056.8 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Beef |
| Fastest growing segment | Chicken |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Chicken, Pork, Beef, Fish, Turkey |
| Key market players worldwide | Givaudan SA, JBS SA ADR, Titan Biotech, Nikken Foods, Essentia Protein Solutions, Chimab, Foodex, Carnad, Diana Group, Maverick Biosciences |
Other key industry trends
- In terms of revenue, Brazil accounted for 4.1% of the global meat extract market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil meat extract market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,056.8 million by 2030.
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Meat Extract Market Scope
Meat Extract Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil meat extract market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to meat extract market will help companies and investors design strategic landscapes.
Beef was the largest segment with a revenue share of 28.35% in 2023. Horizon Databook has segmented the Brazil meat extract market based on chicken, pork, beef, fish, turkey covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for beef and pork based powder was observed to be high in the country. Consumers in the economy consume a high volume of canned/preserved and chilled ready-meal products as a part of their daily diet, thereby contributing to a high product demand.
Furthermore, Brazil is expected to witness a substantial increase in demand for beef-based broths & meat snacks, including jerkies, biltong, and sausages, which form an essential part of the consumption pattern of consumers in the country. This, in turn, is expected to boost the meat extracts market growth over the forecast period.
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Target buyers of Brazil meat extract market databook
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Our clientele includes a mix of meat extract market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil meat extract market , including forecasts for subscribers. This country databook contains high-level insights into Brazil meat extract market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil meat extract market size, by type, 2018-2030 (US$M)
Brazil Meat Extract Market Outlook Share, 2023 & 2030 (US$M)
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