North America Meat Extract Market Size & Outlook
North America meat extract market, 2018-2030 (US$M)
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North America meat extract market highlights
- The North America meat extract market generated a revenue of USD 6,236.0 million in 2023.
- The market is expected to grow at a CAGR of 5.2% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 6,236.0 million |
| Market revenue in 2030 | USD 8,874.9 million |
| Growth rate | 5.2% (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, North America region accounted for 37.2% 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 |
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North 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 32.55% in 2023. Horizon Databook has segmented the North America meat extract market based on chicken, pork, beef, fish, turkey covering the revenue growth of each sub-segment from 2018 to 2030.
Out of home breakfast meals are highly popular in North America. The meat snacks sector is also growing at a high rate owing to the increasing demand for healthy snacks. Busy lifestyles, increasing working hours, reduced lunchtimes, and the growth of on-desk jobs are expected to create opportunities for food-to-go products, thereby augmenting the demand for meat-extracts in this category.
A research paper published in ResearchGate in April 2021 highlighted the convenience and nutritional benefits of canned foods, emphasizing their role in facilitating quick and nutritious meal preparation. This research also suggested that such products could effectively enhance pulse consumption among students with lower cooking self-efficacy.
In addition, the popularity of canned products among U.S. consumers is attributed to factors such as convenience, affordability, extended shelf life, and high nutrient content. In the North American retail market, meat extract products like Swanson Chicken Broth, Campbell’s Cream of Chicken Soup, and Campbell’s Condensed Chicken Noodle Soup are among the most soughtafter items.
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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 continent-level data and insights on the North America meat extract market , including forecasts for subscribers. This continent databook contains high-level insights into North America meat extract market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America meat extract market size, by country, 2018-2030 (US$M)
North America Meat Extract Market Outlook Share, 2023 & 2030 (US$M)
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