UK Meat Extract Market Size & Outlook, 2023-2030
UK meat extract market, 2018-2030 (US$M)
Related Markets
UK meat extract market highlights
- The UK meat extract market generated a revenue of USD 376.7 million in 2023 and is expected to reach USD 558.7 million by 2030.
- The UK 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.
Meat extract market data book summary
| Market revenue in 2023 | USD 376.7 million |
| Market revenue in 2030 | USD 558.7 million |
| Growth rate | 5.8% (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, UK accounted for 2.2% 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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UK 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 33.58% in 2023. Horizon Databook has segmented the UK meat extract market based on chicken, pork, beef, fish, turkey covering the revenue growth of each sub-segment from 2018 to 2030.
In the U.K., companies specializing in ready-to-eat products are expected to outpace quick-service establishments, driven by evolving consumer preferences and increasing disposable incomes. Manufacturers are prioritizing product innovation and leveraging various technologies to boost sales.
This trend is complemented by the demand for high-quality ingredients such as meat extracts, which play a crucial role in enhancing flavor profiles and maintaining allergen safety in food service establishments.
Under its Knorr food brand, Unilever Food Solutions offers Professional Concentrated Beef Bouillon Powder. This concentrated bouillon powder is designed to cater to large-scale operations while ensuring allergen safety and maintaining rich flavor profiles.
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Target buyers of UK 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 UK meat extract market , including forecasts for subscribers. This country databook contains high-level insights into UK meat extract market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK meat extract market size, by type, 2018-2030 (US$M)
UK Meat Extract Market Outlook Share, 2023 & 2030 (US$M)
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