Albany, NY -- (SBWIRE) -- 09/25/2019 -- Consumers living the modern life eye to include protein in their daily diet. Increased protein demand has created opportunity for non-traditional Protein sources. This drives the meat extracts market, thereby triggering its growth. According to a report, the global meat extract market is estimated to be? US$1.2Bn in 2019, with projected CAGR of ?8% during the period 2019-2029.
An intelligence report, titled, "Meat Extract Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019-2029" is the source of all the stated insights. This report is the latest addition to Market Research Hub's ever growing repository.
Nutrition drives Meat extract industry
Fast paced lifestyle has generated an ecosystem for protein packed snacks to thrive, owing to its quick preparation and consumption. Meat based cheese and snacks such as popcorn are very popular, especially in America and Europe.
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Meat extracts enhance the nutritional value of food products. Apart from Protein, these extracts are also a rich source of many vitamins and minerals like Selenium, Iron, Vitamin B12 and zinc. In fact, Animal- derived food is the only major source of vitamin B12. Meat extracts food products are laden with nutrition, which makes it an instant hit.
North America leads Beef byproducts consumption
Meat extract market can be further segmented into Beef, Chicken, Pork and Lamb. Beef byproducts are especially famous in North America. The millennial demographic indicates a rise in consumption of Beef-based food for feasting and take away. This significant increase propels Meat extract industry in North America towards a tremendous growth.
Millennial prefers chemical free food
The millennial population is keen to eat healthy food. The major challenge facing the meat extracts industry is to produce chemical free and non-GMO food products. Aware of the situation, stakeholders have upped their efforts to provide organic and natural products.
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Meat extract market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the Meat extract market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Meat 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 Meat extracts.
An insightful and deep-dive assessment of the competitive assessment of the Meat 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 Meat extract market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Meat extract market: Research Methodology
Primary sources and secondary sources propel intelligence report on Meat 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.