Latin America Meat Extract Market Size & Outlook
Latin America meat extract market, 2018-2030 (US$M)
Related Markets
Latin America meat extract market highlights
- The Latin America meat extract market generated a revenue of USD 1,397.2 million in 2023.
- The market is expected to grow at a CAGR of 5.8% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,397.2 million |
| Market revenue in 2030 | USD 2,075.3 million |
| Growth rate | 5.8% (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, Latin America region accounted for 8.3% 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 |
|---|
Latin America 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 28.49% in 2023. Horizon Databook has segmented the Latin America meat extract market based on chicken, pork, beef, fish, turkey covering the revenue growth of each sub-segment from 2018 to 2030.
Factors including rapid urbanization, hectic lifestyles, and the adoption of new food habits are projected to propel the demand for meat extracts in Central & South America. The growth of the industrial and food service industries has led to a surge in the supply of meat extracts in powder and paste form.
Prices, services, and variants of meat extracts, including fish, chicken, and beef, offered by manufacturers to the food service and food retail industries, are some of the significant factors that would positively influence the demand for meat extracts in the coming years.
Meat extract production in emerging countries is anticipated to continue to be dominated by Brazil. Some of the major meat extract producers in the country are BRF Ingredients and JBS. S.A. The demand for the product in Central & South America is likely to exhibit high growth on account of growing meat production in Brazil.
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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 continent-level data and insights on the Latin America meat extract market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America meat extract market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America meat extract market size, by country, 2018-2030 (US$M)
Latin America Meat Extract Market Outlook Share, 2023 & 2030 (US$M)
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