China Meat Extract Market Size & Outlook, 2023-2030
China meat extract market, 2018-2030 (US$M)
Related Markets
China meat extract market highlights
- The China meat extract market generated a revenue of USD 1,394.6 million in 2023 and is expected to reach USD 2,191.1 million by 2030.
- The China market is expected to grow at a CAGR of 6.7% 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 1,394.6 million |
| Market revenue in 2030 | USD 2,191.1 million |
| Growth rate | 6.7% (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, China accounted for 8.3% 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 Asia Pacific, China meat extract market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,191.1 million by 2030.
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Meat Extract Market Scope
Meat Extract Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 30.54% in 2023. Horizon Databook has segmented the China meat extract market based on chicken, pork, beef, fish, turkey covering the revenue growth of each sub-segment from 2018 to 2030.
Chinese cuisine often includes rich, savory flavors, and meat extracts are a convenient way to achieve this depth of taste without the need for extensive cooking time. They are used in a variety of dishes, including soups, stir-fries, sauces, and marinades, to enhance the umami and overall flavor profile.
Chefs and food manufacturers in China are continuously innovating with new flavors and ingredients. Meat extracts offer a versatile ingredient that can be incorporated into modern and traditional Chinese recipes, catering to diverse culinary preferences.
Meat extracts play a significant role in the culinary landscape of China, especially in dishes like noodles and soups, which have longstanding popularity across the country. The increased consumption of noodles and soups has created a strong demand for meat extracts in China.
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Target buyers of China 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China meat extract market , including forecasts for subscribers. This country databook contains high-level insights into China meat extract market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China meat extract market size, by type, 2018-2030 (US$M)
China Meat Extract Market Outlook Share, 2023 & 2030 (US$M)
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