Meat and Fish Extracts Market

Meat and fish extracts market: discover the most recent info provided by an Ai-driven market intelligence tool. Data cover imports, companies, production, consumption, market size, exports, trade, and market prices. Here is a breakdown by country, including EU, the U.S., Africa, China, Latin America, Russia, the Middle East, and the U.K. Market dynamics and forecast to 2030 are also provided in the reports.

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Meat and Fish Extracts - World's Largest Markets

In value terms, China led the market, alone. The second position in the ranking was occupied by the United States. It was followed by India.

In China, the meat and fish extracts market remained relatively stable over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: the United States (+0.3% per year) and India (+0.7% per year).

Meat and Fish Extracts Prices

Meat and Fish Extracts - Top Importers

In value terms, the largest meat and fish extracts importing markets worldwide were the United States ($28M), Japan ($27M) and South Korea ($24M), together comprising 31% of global imports. Canada, Belgium, Hong Kong SAR, Germany, France, the UK, Singapore, Indonesia, the Philippines and Hungary lagged somewhat behind, together accounting for a further 45%.

Hungary (+150.5% per year) saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Meat and Fish Extracts - Top Exporters

In value terms, China ($28M), Belgium ($28M) and Brazil ($27M) appeared to be the countries with the highest levels of exports in 2020, together accounting for 31% of global exports.

Among the main exporting countries, Belgium recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Meat and Fish Extracts - Market Forecast

Driven by increasing demand for meat and fish extracts worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Meat and Fish Extracts - Product Coverage

• HS 1603 - Extracts and juices of meat, fish or crustaceans, molluscs or other aquatic invertebrates