India Meat Extract Market Size & Outlook, 2023-2030
India meat extract market, 2018-2030 (US$M)
Related Markets
India meat extract market highlights
- The India meat extract market generated a revenue of USD 347.4 million in 2023 and is expected to reach USD 527.3 million by 2030.
- The India market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, chicken 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 347.4 million |
| Market revenue in 2030 | USD 527.3 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Chicken |
| 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, India accounted for 2.1% 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 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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India 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.
Chicken was the largest segment with a revenue share of 47.21% in 2023. Horizon Databook has segmented the India meat extract market based on chicken, pork, beef, fish, turkey covering the revenue growth of each sub-segment from 2018 to 2030.
The surge in demand for meat extracts in India can be attributed to the increasing preference for convenience and ready-to-eat meals. Fast-paced lifestyles in urban areas have created a strong demand for quick and easy cooking solutions, making meat extracts highly sought after.
Their ease of use, extended shelf life, and ability to impart a savory, meaty taste to dishes without the need for lengthy cooking processes have made them popular among consumers. With the rise in awareness about the harmful effects of excessive consumption of red meat, people are turning to meat extracts as a healthier alternative.
These extracts are low in calories, fat, and cholesterol, making them a popular choice for those looking to reduce their meat intake. Many international and domestic companies have started manufacturing and selling meat extracts in different formats, including ready meals, meat snacks, and meat soups, to cater to the growing demand.
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Target buyers of India 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 India meat extract market , including forecasts for subscribers. This country databook contains high-level insights into India meat extract market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India meat extract market size, by type, 2018-2030 (US$M)
India Meat Extract Market Outlook Share, 2023 & 2030 (US$M)
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