U.S. Meat Extract Market Size & Outlook, 2023-2030
U.S. meat extract market, 2018-2030 (US$M)
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U.S. meat extract market highlights
- The U.S. meat extract market generated a revenue of USD 4,162.5 million in 2023 and is expected to reach USD 5,998.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5.4% 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 4,162.5 million |
| Market revenue in 2030 | USD 5,998.5 million |
| Growth rate | 5.4% (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, U.S. accounted for 24.8% 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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U.S. 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 33.52% in 2023. Horizon Databook has segmented the U.S. meat extract market based on chicken, pork, beef, fish, turkey covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. chicken meat extracts market is projected to witness growth at a steady pace over the forecast period on account of changes in the lifestyle of consumers and rising urbanization. The affordable price and high protein content of powdered chicken extracts have positively influenced its consumption as compared to other meat extracts, such as beef and pork.
The growing inclination to substitute beef with chicken or turkey in the country is not solely attributed to holiday traditions such as Thanksgiving and Christmas; it is also driven by the desire to address climate change and prioritize health considerations.
The consumption of meat and meat extracts is interconnected, with changes in meat consumption potentially influencing the demand for meat extracts due to their role in enhancing the flavor of food dishes.
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Target buyers of U.S. 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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. meat extract market , including forecasts for subscribers. This country databook contains high-level insights into U.S. meat extract market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. meat extract market size, by type, 2018-2030 (US$M)
U.S. Meat Extract Market Outlook Share, 2023 & 2030 (US$M)
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