Germany Meat Extract Market Size & Outlook, 2023-2030
Germany meat extract market, 2018-2030 (US$M)
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Germany meat extract market highlights
- The Germany meat extract market generated a revenue of USD 1,064.7 million in 2023 and is expected to reach USD 1,490.5 million by 2030.
- The Germany market is expected to grow at a CAGR of 4.9% 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 1,064.7 million |
| Market revenue in 2030 | USD 1,490.5 million |
| Growth rate | 4.9% (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, Germany accounted for 6.3% 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 Europe, Germany meat extract market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 558.7 million by 2030.
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Meat Extract Market Scope
Meat Extract Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 35.52% in 2023. Horizon Databook has segmented the Germany meat extract market based on chicken, pork, beef, fish, turkey covering the revenue growth of each sub-segment from 2018 to 2030.
According to an article published on Beef 2 Live, Germany has a wide range of meat options that are widely popular in the country. The most favored varieties include pork, beef, and poultry. Among these, pork is the most popular, with individuals consuming an average of 61 kg (134 lb) of meat per year.
When it comes to poultry, chicken takes the lead, followed by duck, goose, and turkey. Germany’s culinary landscape is also renowned for Liebig’s Extract of Meat, a historic product named after its inventor, Baron Justus von Liebig, in the 19th century.
Marketed by the company "Liebig's Extract of Meat Co. Ltd." based in the U.K., the product established a global presence through various branches. The thick, dark, syrupy beef extract paste has widespread popularity, initially as a staple among the economically disadvantaged and later as a favored ingredient in middle-class kitchens across the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany meat extract market , including forecasts for subscribers. This country databook contains high-level insights into Germany meat extract market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany meat extract market size, by type, 2018-2030 (US$M)
Germany Meat Extract Market Outlook Share, 2023 & 2030 (US$M)
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