Japan Meat Extract Market Size & Outlook, 2023-2030
Japan meat extract market, 2018-2030 (US$M)
Related Markets
Japan meat extract market highlights
- The Japan meat extract market generated a revenue of USD 283.6 million in 2023 and is expected to reach USD 401.4 million by 2030.
- The Japan market is expected to grow at a CAGR of 5.1% 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 283.6 million |
| Market revenue in 2030 | USD 401.4 million |
| Growth rate | 5.1% (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, Japan accounted for 1.7% 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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Japan 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 33.67% in 2023. Horizon Databook has segmented the Japan meat extract market based on chicken, pork, beef, fish, turkey covering the revenue growth of each sub-segment from 2018 to 2030.
Multinational players and brands in the agribusiness sector are recognizing the opportunities in Japan's meat extract market and are actively entering the market. These companies bring with them established expertise, technology, and marketing strategies to effectively tap into the Japanese consumer base.
In addition, federal bodies with a robust presence in Brazil's agribusiness sector are strategically entering the Japanese market to boost the manufacturing of processed meat, which includes meat extracts and seasonings.
In December 2023, the Brazilian federal government announced its plan to expand Brazilian agribusiness into six new markets, with a particular focus on Japan, where four of these markets will be established. These new market opportunities include canned beef and pork, as well as beef and pork extracts.
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Target buyers of Japan 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 Japan meat extract market , including forecasts for subscribers. This country databook contains high-level insights into Japan meat extract market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan meat extract market size, by type, 2018-2030 (US$M)
Japan Meat Extract Market Outlook Share, 2023 & 2030 (US$M)
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