Albany, NY -- (SBWIRE) -- 09/26/2019 -- With the world's population expected to reach 9 billion by 2050, there is an increased focus to create a food supply which can sustain burgeoning population without destroying the planet. Developing countries could soon reach the consumption levels of North America and Australia. Accordingly, start-ups are vying to create meat without using an animal to help meet future demand. Nevertheless, rising meat in lab could curb greenhouse gas emissions emanating from agriculture.
Beef extract has been used to propel immunity and bolster muscles and bones. Nevertheless, beef contains higher amounts of trace elements and amino acids, including iron, zinc, vitamin B12 and vitamin B6 that can be extracted into soup to enhance the absorbability of these nutrients.
These insights are according to the intelligence report, titled, "Beef Extract Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019-2029," which has been freshly added to Market Research Hub's (MRH) exponential repository.
Sustained focus on health and nutrition has led to the introduction of "smart food," which is not only convenient and pre-packaged, but it is also nutritionally optimized. As such, concept of smart food is set to spur growth in food industry.
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There has been notable traction towards additive-free, non-GMO and chemical-free products among millennials. As such, stakeholders are vying to meet the ever-increasing demand of the masses and reduce the cost of production.
Assessing a host of factors, market for beef extract is expected to log value of ~US$ 1.4 billion by 2029. Besides, with respect to market share by form, beef extract market will likely expand at a CAGR of ~7% during the assessment period.
Popularity of halal food has mustered confidence among stakeholders in a fragmented beef extract market. While North America and Europe are replete with prominent players, key players are eying to expand penetration in Asia Pacific.
Beef Extract Market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the beef extract market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the beef extract market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on beef extract.
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An insightful and deep-dive assessment of the competitive assessment of the beef extract market pins hope on Porters' Five Force Analysis. Accordingly, the Porters' Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the beef extract market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Beef Extract Market: Research Methodology
Primary sources and secondary sources propel intelligence report on beef extract market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst. Report on beef extract market further acknowledges secondary sources—namely—Factiva, EC filing, press release, trade journals, resourceful database and governmental websites.