Canada Meat Extract Market Size & Outlook, 2023-2030
Canada meat extract market, 2018-2030 (US$M)
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Canada meat extract market highlights
- The Canada meat extract market generated a revenue of USD 1,409.3 million in 2023 and is expected to reach USD 2,011.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.2% 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 1,409.3 million |
| Market revenue in 2030 | USD 2,011.9 million |
| Growth rate | 5.2% (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, Canada accounted for 8.4% 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 North America, U.S. meat extract market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 5,998.5 million by 2030.
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Meat Extract Market Scope
Meat Extract Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 30.72% in 2023. Horizon Databook has segmented the Canada meat extract market based on chicken, pork, beef, fish, turkey covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is one of the leading global producers of beef, pork, and chicken, with its beef industry playing a pivotal role in bolstering the nation's economy by generating billions of dollars annually. In addition to beef, the industry includes a diverse range of meats like veal, pork, lamb, mutton, goat, rabbit, horse, venison, and bison.
In 2022, the red meat sector alone contributed significantly, shipping products valued at USD 24.72 billion. Moreover, the shifts in consumer preferences are poised to drive long-term growth for red meat consumption across Canada.
The rising demand for protein sources within the country, attributed to the nutritional benefits of red meat such as iron, zinc, and B vitamins, is expected to fuel the expansion of the beef-based extracts market.
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Our clientele includes a mix of meat extract market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada meat extract market , including forecasts for subscribers. This country databook contains high-level insights into Canada meat extract market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada meat extract market size, by type, 2018-2030 (US$M)
Canada Meat Extract Market Outlook Share, 2023 & 2030 (US$M)
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