Home > Food & Beverages > Food Additives > Flavor Enhancers > Beef Extract Market

Beef Extract Market Trends

Report ID: GMI7785
Published Date: Jan 2024
Report Format: PDF

Download Free Sample

Beef Extract Market Trends

The beef extract industry is currently witnessing transformative trends, with notable figures shaping its dynamics. A significant trend involves the rising demand for clean label and natural ingredients, driven by consumers seeking transparency in food products. This has resulted in a considerable preference for beef extracts as natural flavor enhancers. The market is experiencing innovation, with manufacturers focusing on new applications, catering to evolving consumer tastes. Health considerations, emphasizing the nutritional benefits of beef extracts such as protein content and amino acids, are influencing market dynamics.

Additionally, globalization is playing a pivotal role, as the integration of beef extracts into diverse global cuisines contributes to the market's expansion. With the industry evolving, these trends, backed by figures such as the expected global protein supplements market reaching USD 35.8 billion by 2027, are set to influence product development, marketing strategies, and overall market growth in the coming years.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of beef extract reached USD 16.81 billion in 2023 and is set to be worth USD 27.02 billion by 2032, propelled by the increasing consumer demand for natural and savory flavors in food products, the rise in ready-to-eat meals, and the expanding food & beverage sector.

Powdered beef extract segment accounted for USD 9.69 billion in revenue in 2023, owing to its increasing use in dry mixes and soups to ensure extended shelf life and easy storage.

U.S. market generated USD 4.35 billion in 2023, attributed to the well-established F&B industry and the strong demand from both household consumption and foodservice establishments.

Some of the leading beef extract firms are Carnad Natural Taste, Colin Ingrédients, Diana Group, PT Foodex Inti Ingredients, JBS S.A., Maverick Biosciences Pty Ltd, Nippon Ham Group, Proliant Biologicals, LLC, Kanegrade Ltd, A. Costantino & C. S.P.A, Alpha Biosciences, Inc., and BD Biosciences.