Italy Meat Extract Market Size & Outlook, 2023-2030
Italy meat extract market, 2018-2030 (US$M)
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Italy meat extract market highlights
- The Italy meat extract market generated a revenue of USD 675.3 million in 2023 and is expected to reach USD 983.6 million by 2030.
- The Italy market is expected to grow at a CAGR of 5.5% 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.
Meat extract market data book summary
| Market revenue in 2023 | USD 675.3 million |
| Market revenue in 2030 | USD 983.6 million |
| Growth rate | 5.5% (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, Italy accounted for 4.0% 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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Italy 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 33.32% in 2023. Horizon Databook has segmented the Italy meat extract market based on chicken, pork, beef, fish, turkey covering the revenue growth of each sub-segment from 2018 to 2030.
The Italian beef market is currently showing signs of recovery, with the meat extracts sector exhibiting promising signs of development. From liquid and powder to broth and concentrated-based products, the entire meat extract form segment has witnessed growth in recent years.
In addition, according to Google Trends, the popularity of "meat broth" is increasing in Italy. This indicates a favorable growth trajectory for the meat extracts market, driven by rising consumer interest in healthy and packaged foods.
Furthermore, there is an anticipated growth in poultry-based meat extracts over the forecast period, as Italian consumers view poultry as a crucial component of a balanced diet.
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Our clientele includes a mix of meat extract market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Italy meat extract market , including forecasts for subscribers. This country databook contains high-level insights into Italy meat extract market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy meat extract market size, by type, 2018-2030 (US$M)
Italy Meat Extract Market Outlook Share, 2023 & 2030 (US$M)
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