Europe Meat Extract Market Size & Outlook, 2023-2030
Europe meat extract market, 2018-2030 (US$M)
Related Markets
Europe meat extract market highlights
- The Europe meat extract market generated a revenue of USD 4,879.6 million in 2023.
- The market is expected to grow at a CAGR of 5% 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.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 4,879.6 million |
| Market revenue in 2030 | USD 6,863.8 million |
| Growth rate | 5% (CAGR from 2023 to 2030) |
| Largest segment | Beef |
| Fastest growing segment | Chicken |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 29.1% of the global meat extract market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,447.0 million by 2030.
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Meat Extract Market Scope
Meat Extract Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 33.64% in 2023. Horizon Databook has segmented the Europe meat extract market based on chicken, pork, beef, fish, turkey covering the revenue growth of each sub-segment from 2018 to 2030.
Growing consumer interest in health and wellness has notably impacted the meat extracts market in Europe. Although meat extracts are used in small quantities, they offer concentrated flavor profiles, enabling consumers to enhance the taste of their dishes without resorting to excessive salt or artificial additives.
This trend is in line with the growing preference for clean-label products and the demand for additive-free options. Utilizing meat extracts can contribute to the perception of healthier and more natural food choices, thus appealing to health-conscious consumers.
According to the Agriculture and Horticulture Development Board’s report in 2022, the European Union (EU) stands as a mature market with significant consumption levels of both meat and dairy across various cuts and products. Also, EU pork production is high, reaching 22.5 million tonnes, with Spain, Germany, Denmark, and the Netherlands emerging as the primary producers.
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Target buyers of Europe 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 continent-level data and insights on the Europe meat extract market , including forecasts for subscribers. This continent databook contains high-level insights into Europe meat extract market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe meat extract market size, by country, 2018-2030 (US$M)
Europe Meat Extract Market Outlook Share, 2023 & 2030 (US$M)
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