Health Consciousness among the Consumers is driving Demand for Meat Extracts Market

According to the FAOSTAT, the global meat production has increased rapidly over the last couple of decades. Since 1960, the global market has witnessed 4 to 5 folds growth in the global production of meat and over the forecast period, global meat production is projected to be 16% higher by 2025. The rise in production of meat products is attributable to nutritional benefits related to the consumption of the product. Owing to the rise in awareness about the health benefits linked with the meat product, some of the key manufacturers now avail meat product to the market in various formats providing a wide range of application in the food industry. Meat extract is one such product gaining gradual traction among its target consumers.

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The tenacity of consumers' preference for a healthier lifestyle has been driving the demand for healthy food products. Consumer desire for nutritious food in order to lead a healthy life. Meat product provides enough nutrients such as protein, B vitamins (niacin, thiamin, riboflavin, and B6), vitamin E, iron, zinc, and magnesium. Meat extract has been witnessing a wide range of application in the food industry. Meat extract is being used as a common flavoring additive for canned meat items, pot pies, bouillon, soups, stews, sauces, casseroles and other meat items. The flavor of meat extract considers being a desirable additive to a variety of products. Nowadays, a majority of chefs and food connoisseurs prefers meat extract over yeast extract owing to the characteristic flavor and aroma that meat extract imparts to other foods.

According to the FAOSTAT, Asia Pacific region has witnessed higher share of meat production in the global market owing to the rise in demand for meat product and having a wider range of application in the food industry potential enough to gain comparatively large traction. Owing to the rise in consumption of meat products paves an opportunity for meat extract in the Asia Pacific region.

Some of the key players operating in the global Meat Extract market are Titan Biotech Limited, Yantai Huahai Biochemical Product Co., Ltd., A. Costantino & C. spa, PT FOODEX INTI INGREDIENTS, Guangdong Foodnoon Co. Ltd, BRF Ingredients, Crescent Biotech, Unilever, and Bovril Company among others.

Major shareholding companies of Meat Extracts have been strategizing on coming up with new innovative products catering to the varying demand of its target customers and eventually extending its product offerings. The companies have been attending several high profile exhibition promoting its products and services to the target segments.