Mexico Meat Extract Market Size & Outlook, 2023-2030
Mexico meat extract market, 2018-2030 (US$M)
Related Markets
Mexico meat extract market highlights
- The Mexico meat extract market generated a revenue of USD 664.1 million in 2023 and is expected to reach USD 864.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 3.8% 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.
Meat extract market data book summary
| Market revenue in 2023 | USD 664.1 million |
| Market revenue in 2030 | USD 864.4 million |
| Growth rate | 3.8% (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, Mexico 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 North America, U.S. meat extract market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 5,998.5 million by 2030.
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Meat Extract Market Scope
Meat Extract Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 30.33% in 2023. Horizon Databook has segmented the Mexico meat extract market based on chicken, pork, beef, fish, turkey covering the revenue growth of each sub-segment from 2018 to 2030.
Pork meat extract is projected to experience notable growth in Mexico, driven by an increase in per capita pork consumption among Mexicans. Recent trends indicate that pork consumption in the country has surpassed domestic production levels, resulting in a significant reliance on imports.
According to data published by the USDA in 2022, Mexican imports of U.S. pork reached USD 1.74 billion. Furthermore, pork consumption in Mexico has risen by 28% since 2016, a trend attributed by the USDA to many consumers shifting from beef to pork amid the ongoing food inflation challenges in the national economy.
An article published by the Professional Pig Community in January 2024 highlights the sustained demand from the processing industry throughout 2023 and increased imports despite higher prices.
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Target buyers of Mexico 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 Mexico meat extract market , including forecasts for subscribers. This country databook contains high-level insights into Mexico meat extract market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico meat extract market size, by type, 2018-2030 (US$M)
Mexico Meat Extract Market Outlook Share, 2023 & 2030 (US$M)
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