DUBLIN, July 28, 2021 /PRNewswire/ — The “Global Meat Extract Market By Application (Industrial and Commercial), By Form (Powder, Paste, Liquid and Granules), By Type (Beef, Chicken, Fish, Turkey, Pork and Others), By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027″ report has been added to ResearchAndMarkets.com’s offering.
The Global Meat Extract Market size is expected to reach $20.8 billion by 2027, rising at a market growth of 6.3% CAGR during the forecast period. Meat extract is prepared from meat with low-fat content and it is a regular flavoring additive for canned meat items, sauces, stews, pot pies, soups, and gravies. Due to the flavor of meat extract, it is utilized in various products as a useful additive. The quantity of meat extract utilized for flavoring is based on the kind of food to which it is included. The useful flavor and aroma of meat extract enhance the flavor of few items even at lower concentrations.
Determinants like a surge in consumption of ready-to-eat food items and meals, increasing consumption of protein items, and a wide range of applications in the food manufacturing sector is expected to present attractive growth opportunities for the meat extract market. Though, the growth of the market is likely to hamper due to the strict government norms regarding the production process and approvals. On the other hand, the global meat extracts market is expected to witness bright prospects due to the large-scale distribution…
