Asia Pacific Meat Extract Market Forecast to 2028

Asia Pacific Meat Extract Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Beef, Pork, Chicken, and Others), Form (Powder, Liquid, and Others), and Application (RTE & RTC Meals, Sweet & Savory Snacks, Soups & Sauces, and Others)

Report Code : BMIRE00025890 | Region : Asia Pacific | Industry : Food and Beverages | Published Date : 14/Sep/2022

The Asia Pacific meat extract market is expected to grow from US$ 427.09 million in 2021 to US$ 643.29 million by 2028; it is estimated to grow at a CAGR of 6.0% from 2021 to 2028.

Consumers in Asia Pacific are paying attention to product labels and ingredients used in processed food products. The popularity of organic products is growing with the rise in awareness among the masses regarding their health benefits. The organic farming processes are free of pesticides, chemical fertilizers, and genetically modified organisms (GMOs), which increases their appeal among consumers, who are ready to pay high prices for such high-quality products. Clean-label meat products are free of synthetic flavors, colors, and other food additives, including anti-caking agents, stabilizers, and preservatives. Furthermore, they are devoid of growth hormones and antibiotics. With a significant focus on holistic and conscious consumption, consumers these days prefer products with ethically sourced ingredients, such as beef, chicken, or pork. Symrise, one of the key manufacturers of meat extracts, offers 100% natural and organic beef extracts in liquid and powder forms. Similarly, Kerry Group Plc offers certified organic and NAE (i.e., no-antibiotics-ever) meat broths and stocks that can be used in the production of soup mixes, sauces, gravies, and others. Symrise also offers Halal- and Kosher-certified meat extracts that fulfill specific requirements of consumers. Thus, the increasing demand for clean label and organic meat extracts is expected to provide lucrative growth opportunities to the Asia Pacific meat extract market during the forecast period.

Vendors in the Asia Pacific meat extract market are leveraging new technologies to attract new customers and expand their footprints in emerging markets by offering products with enhanced features. This factor is likely to drive the Asia Pacific meat extract market at a notable CAGR during the forecast period.

Asia Pacific Meat Extract Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Meat Extract Market Segmentation

The Asia Pacific meat extract market is segmented on the basis of type, form, application, and country. Based on type, the market is segmented into beef, pork, chicken, and others. Based on form, the Asia Pacific meat extract market is segmented into powder, liquid, and others. Based on application, the market is divided into RTE & RTC meals, sweet & savory snacks, soups & sauces, and others. Based on country, the Asia Pacific Meat Extract Market is segmented into the China, Japan, India, Australia, South Korea and Rest of Asia Pacific.

Asia Pacific Meat Extract Market —Companies Mentioned

Colin Ingrédients; Carnad Natural Taste; Diana Group; PT Foodex Inti Ingredients; Givaudan S.A.; JBS SA.; Maverick Biosciences Pty Ltd ; Nippon Ham Group; Titan Biotech Limited; and Proliant Biologicals, LLC are a few major companies operating in the Asia Pacific Meat Extract Market.

At 6.0% CAGR, the Asia Pacific Meat Extract Market is speculated to be worth US$ 729.98 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the Asia Pacific meat extract market was valued at US$ 427.09 million in 2021 and is expected to reach US$ 643.29 million by 2028, registering an annual growth rate of 6.0% from 2021 to 2028. Rising demand for meat extracts as flavor enhancers and increasing utilization of meat extracts for the preparation of culture media are critical factors attributed to the market expansion.

Over the past few years, meat production and consumption have increased significantly with the rise in population, increase in the number of mid-income families, and rising demand for high-protein, affordable food. Poultry meat is one of the major drivers of the growth of the meat industry as it is an affordable source of protein, and it is considered healthier than other meats such as beef and pork. Meat extracts are mainly made from chicken, beef, or pork. They enhance the meaty flavor in various food products such as ready-to-eat meals, soups, sauces, and savory snacks. People are progressively adopting healthier lifestyles, but they do not want to compromise on taste. Meat extracts are a healthier alternative to synthetic flavoring agents. They enhance the flavor of meat products and increase their protein value. Thus, the growth of the meat industry and the rising demand for meat extracts as flavor enhancers in a variety several meat products, including savoring snacks, soups, and sauces, are the key factors driving the growth of the Asia Pacific meat extract market.

On the contrary, increasing vegan population of Asia Pacific meat extract market.

Based on type market is segmented into beef, pork, chicken, and others. The Beef segment held 40.57% market share in 2021, amassing US$ 173.29 million. It is projected to garner US$ 265.22 million by 2028 to expand at 6.3% CAGR during 2021–2028.

Based on form, the Asia Pacific meat extract market is divided into powder, liquid, and others. The Powder, segment held 65.98% market share in 2021, amassing US$ 281.81 million. It is projected to garner US$ 421.54 million by 2028 to expand at 5.9% CAGR during 2021–2028.

Based on application, the Asia Pacific meat extract market is divided into RTE & RTC meals, sweet & savoury snacks, soups & sauces, and others. The others segment held 46.10% market share in 2021, amassing US$ 196.88 million. It is projected to garner US$ 283.75 million by 2028 to expand at 5.4% CAGR during 2021–2028.

Based on country, the Asia Pacific meat extract market has been categorized into the China, Japan, India, Australia, South Korea and Rest of Asia Pacific. Our regional analysis states that Rest of Asia Pacific captured 41.47% market share in 2021. It was assessed at US$ 177.13 million in 2021 and is likely to hit US$ 245.47 million by 2028, exhibiting a CAGR of 4.8% during the forecast period.

Key players dominating the Asia Pacific meat extract market are Colin Ingrédients; Carnad Natural Taste; Diana Group; PT Foodex Inti Ingredients; Givaudan S.A.; JBS SA.; Maverick Biosciences Pty Ltd; Nippon Ham Group; Titan Biotech Limited; and Proliant Biologicals, LLC.

In 2014, Diana's group was acquired by the Symrise Group. In 2020, PT Foodex Inti Ingredients received FSSC 22000:2005 certification for controlling all physical materials, chemicals and biological aspects to guarantee the safety and quality of food-related products in the production process.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis Formulation:

3.2.4 Macro-economic Factor Analysis:

3.2.5 Developing Base Number:

3.2.6 Data Triangulation:

3.2.7 Country Level Data:

4. Asia Pacific Meat Extract Market Landscape

4.1 Market Overview

4.2 Porter's Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of New Entrants

4.2.4 Competitive Rivalry

4.2.5 Threat of Substitutes

4.3 Expert Opinion

4.4 Value Chain Analysis

4.4.1 Value Chain Analysis: Meat Extract

4.4.1.1 Raw Material

4.4.1.2 Manufacturing/Processing

4.4.1.3 Packaging

5. Asia Pacific Meat Extract Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising Demand for Meat Extracts as Flavour Enhancers

5.1.2 Increasing Utilization of Meat Extracts for the Preparation of Culture Media

5.2 Market Restraints

5.2.1 Increasing Vegan Population

5.3 Market Opportunities

5.3.1 Surging Demand for Clean-Label and Organic Meat Extracts

5.4 Future Trends

5.4.1 Growing Preference for High-Protein Snacks

5.5 Impact Analysis of Drivers and Restraints

6. Asia Pacific Meat Extract Market – Market Analysis

6.1 Asia Pacific Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)

7. Asia Pacific Meat Extract Market Analysis – By Type

7.1 Overview

7.2 Asia Pacific Meat Extract Market, By Type (2020 and 2028)

7.3 Beef

7.3.1 Overview

7.3.2 Beef: Asia Pacific Meat Extract Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Pork

7.4.1 Overview

7.4.2 Pork: Asia Pacific Meat Extract Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Chicken

7.5.1 Overview

7.5.2 Chicken: Asia Pacific Meat Extract Market – Revenue and Forecast to 2028 (US$ Million)

7.6 Others

7.6.1 Overview

7.6.2 Others: Asia Pacific Meat Extract Market – Revenue and Forecast to 2028 (US$ Million)

8. Asia Pacific Meat Extract Market Analysis – By Form

8.1 Overview

8.2 Asia Pacific Meat Extract Market, By Form (2020 and 2028)

8.3 Powder

8.3.1 Overview

8.3.2 Powder: Asia Pacific Meat Extract Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Liquid

8.4.1 Overview

8.4.2 Liquid: Asia Pacific Meat Extract Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Others

8.5.1 Overview

8.5.2 Others: Asia Pacific Meat Extract Market – Revenue and Forecast to 2028 (US$ Million)

9. Asia Pacific Meat Extract Market Analysis – By Application

9.1 Overview

9.2 Asia Pacific Meat Extract Market, By Application (2020 and 2028)

9.3 RTE & RTC Meals

9.3.1 Overview

9.3.2 RTE & RTC Meals: Asia Pacific Meat Extract Market– Revenue and Forecast to 2028 (US$ Million)

9.4 Sweet & Savory Snacks

9.4.1 Overview

9.4.2 Sweet & Savoury Snacks: Asia Pacific Meat Extract Market– Revenue and Forecast to 2028 (US$ Million)

9.5 Soups & Sauces

9.5.1 Overview

9.5.2 Soups & Sauces: Asia Pacific Meat Extract Market– Revenue and Forecast to 2028 (US$ Million)

9.6 Others

9.6.1 Overview

9.6.2 Others: Asia Pacific Meat Extract Market– Revenue and Forecast to 2028 (US$ Million)

10. Asia Pacific Meat Extract Market – Country Analysis

10.1 Asia Pacific: Asia Pacific Meat Extract Market

10.1.1 Asia Pacific: Asia Pacific Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)

10.1.2 Asia Pacific: Asia Pacific Meat Extract Market, by Key Country

10.1.2.1 Australia: Asia Pacific Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)

10.1.2.1.1 Australia: Asia Pacific Meat Extract Market, by Type

10.1.2.1.2 Australia: Asia Pacific Meat Extract Market, by Form

10.1.2.1.3 Australia: Asia Pacific Meat Extract Market, by Application

10.1.2.2 China: Asia Pacific Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)

10.1.2.2.1 China: Asia Pacific Meat Extract Market, by Type

10.1.2.2.2 China: Asia Pacific Meat Extract Market, by Form

10.1.2.2.3 China: Asia Pacific Meat Extract Market, by Application

10.1.2.3 India: Asia Pacific Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)

10.1.2.3.1 India: Asia Pacific Meat Extract Market, by Type

10.1.2.3.2 India: Asia Pacific Meat Extract Market, by Form

10.1.2.3.3 India: Asia Pacific Meat Extract Market, by Application

10.1.2.4 Japan: Asia Pacific Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)

10.1.2.4.1 Japan: Asia Pacific Meat Extract Market, by Type

10.1.2.4.2 Japan: Asia Pacific Meat Extract Market, by Form

10.1.2.4.3 Japan: Asia Pacific Meat Extract Market, by Application

10.1.2.5 South Korea: Asia Pacific Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)

10.1.2.5.1 South Korea: Asia Pacific Meat Extract Market, by Type

10.1.2.5.2 South Korea: Asia Pacific Meat Extract Market, by Form

10.1.2.5.3 South Korea: Asia Pacific Meat Extract Market, by Application

10.1.2.6 Rest of Asia Pacific: Asia Pacific Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)

10.1.2.6.1 Rest of Asia Pacific: Asia Pacific Meat Extract Market, by Type

10.1.2.6.2 Rest of Asia Pacific: Asia Pacific Meat Extract Market, by Form

10.1.2.6.3 Rest of Asia Pacific: Asia Pacific Meat Extract Market, by Application

11. Company Profiles

11.1 Colin Ingrédients

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 Carnad Natural Taste

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 Diana Group

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 PT Foodex Inti Ingredients

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 Givaudan S.A.

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 JBS SA.

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 Maverick Biosciences Pty Ltd

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

11.8 Nippon Ham Group

11.8.1 Key Facts

11.8.2 Business Description

11.8.3 Products and Services

11.8.4 Financial Overview

11.8.5 SWOT Analysis

11.8.6 Key Developments

11.9 Titan Biotech Limited

11.9.1 Key Facts

11.9.2 Business Description

11.9.3 Products and Services

11.9.4 Financial Overview

11.9.5 SWOT Analysis

11.9.6 Key Developments

11.10 Proliant Biologicals, LLC

11.10.1 Key Facts

11.10.2 Business Description

11.10.3 Products and Services

11.10.4 Financial Overview

11.10.5 SWOT Analysis

11.10.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Word Index

LIST OF TABLES.

Table 1.             Asia Pacific Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)

Table 2.             Asia Pacific Meat Extract Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 3.             Asia Pacific Meat Extract Market, by Form – Revenue and Forecast to 2028 (US$ Million)

Table 4.             Asia Pacific Meat Extract Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 5.             Australia Asia Pacific Meat Extract Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 6.             Australia Asia Pacific Meat Extract Market, by Form – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Australia Asia Pacific Meat Extract Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 8.             China Asia Pacific Meat Extract Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 9.             China Asia Pacific Meat Extract Market, by Form – Revenue and Forecast to 2028 (US$ Million)

Table 10.          China Asia Pacific Meat Extract Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 11.          India Asia Pacific Meat Extract Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 12.          India Asia Pacific Meat Extract Market, by Form – Revenue and Forecast to 2028 (US$ Million)

Table 13.          India Asia Pacific Meat Extract Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 14.          Japan Asia Pacific Meat Extract Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 15.          Japan Asia Pacific Meat Extract Market, by Form – Revenue and Forecast to 2028 (US$ Million)

Table 16.          Japan Asia Pacific Meat Extract Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 17.          South Korea Asia Pacific Meat Extract Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 18.          South Korea Asia Pacific Meat Extract Market, by Form– Revenue and Forecast to 2028 (US$ Million)

Table 19.          South Korea Asia Pacific Meat Extract Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 20.          Rest of Asia Pacific Meat Extract Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 21.          Rest of Asia Pacific Meat Extract Market, by Form– Revenue and Forecast to 2028 (US$ Million)

Table 22.          Rest of Asia Pacific Meat Extract Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 23.          List of Abbreviation

LIST OF FIGURES.

Figure 1.           Asia Pacific Meat Extract Market Segmentation

Figure 2.           Asia Pacific Meat Extract Market Overview

Figure 3.           Asia Pacific Meat Extract Market: By Type

Figure 4.           Asia Pacific Meat Extract Market: By Region

Figure 5.           Porter's Five Forces Analysis: Asia Pacific Meat Extract Market

Figure 6.           Expert Opinion

Figure 7.           Value Chain: Meat Extract

Figure 8.           Asia Pacific Meat Extract Market Impact Analysis of Drivers and Restraints

Figure 9.           Asia Pacific: Asia Pacific Meat Extract Market – Revenue and Forecast to 2028 (US$ Million)

Figure 10.        Asia Pacific: Asia Pacific Meat Extract Market Revenue Share, by Type (2020 and 2028)

Figure 11.        Beef: Asia Pacific Meat Extract Market – Revenue and Forecast To 2028 (US$ Million)

Figure 12.        Pork: Asia Pacific Meat Extract Market – Revenue and Forecast To 2028 (US$ Million)

Figure 13.        Chicken: Asia Pacific Meat Extract Market – Revenue and Forecast To 2028 (US$ Million)

Figure 14.        Others: Asia Pacific Meat Extract Market – Revenue and Forecast To 2028 (US$ Million)

Figure 15.        Asia Pacific: Asia Pacific Meat Extract Market Revenue Share, by Form (2020 and 2028)

Figure 16.        Powder: Asia Pacific Meat Extract Market – Revenue and Forecast To 2028 (US$ Million)

Figure 17.        Liquid: Asia Pacific Meat Extract Market – Revenue and Forecast To 2028 (US$ Million)

Figure 18.        Others: Asia Pacific Meat Extract Market – Revenue and Forecast To 2028 (US$ Million)

Figure 19.        Asia Pacific: Asia Pacific Meat Extract Market Revenue Share, by Application (2020 and 2028)

Figure 20.        RTE & RTC Meals: Asia Pacific Meat Extract Market– Revenue and Forecast To 2028 (US$ Million)

Figure 21.        Sweet & Savory Snacks: Asia Pacific Meat Extract Market– Revenue and Forecast To 2028 (US$ Million)

Figure 22.        Soups & Sauces: Asia Pacific Meat Extract Market– Revenue and Forecast To 2028 (US$ Million)

Figure 23.        Others: Asia Pacific Meat Extract Market– Revenue and Forecast To 2028 (US$ Million)

Figure 24.        Asia Pacific: Asia Pacific Meat Extract Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Asia Pacific: Asia Pacific Meat Extract Market Revenue Share, by Key Country (2020 and 2028)

Figure 26.        Australia: Asia Pacific Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)

Figure 27.        China: Asia Pacific Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)

Figure 28.        India: Asia Pacific Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Japan: Asia Pacific Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)

Figure 30.        South Korea: Asia Pacific Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)

Figure 31.        Rest of Asia Pacific: Asia Pacific Meat Extract Market –Revenue and Forecast to 2028 (US$ Million)

The List of Companies - Asia Pacific Meat Extract Market

●  Colin Ingrédients                                                                            

● Carnad Natural Taste                                                                     

● Diana Group                                                                                      

● PT Foodex Inti Ingredients                                                          

● Givaudan S.A.                                                                                   

● JBS SA.                                                                                                 

● Maverick Biosciences Pty Ltd                                                     

● Nippon Ham Group                                                                        

● Titan Biotech Limited   

● Proliant Biologicals, LLC

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific Meat Extract Market.

● Highlights key business priorities in order to assist companies to realign their business strategies.

● The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific Meat Extract Market, thereby allowing players across the value chain to develop effective long-term strategies.

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

● Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.

● Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

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