Global Meat Ingredients Market, By Ingredient (Binders, Extenders, Fillers, Colouring Agents, Flavouring Agents, Preservatives, Texturing Agents, Salts, Others), Meat Type (Mutton, Chicken, Beef, Pork, Others), Product Type (Fresh Processed Meat, Raw & Cooked Meat, Pre-Cooked Meat, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Meat Ingredients Market
The meat ingredients market is expected to grow with a CAGR of 5.31% in the forecast period 2021 to 2028. Growing demand for processed and convenience food along with adoption of meat ingredients in these products is the factor for the meat ingredients market in the forecast period of 2021 to 2028.
In past few decades, globally consumption and production of meat have been increasing rapidly. Meat ingredients are used to change the attributes and properties of meat and provide exceptional highlights to it. Meat ingredients often include various types of binders, extenders, fillers, colouring agents, flavouring agents, preservatives, texturing agents and salts.
Growing consumption of the meat across the globe is the major factor fuelling the growth of meat ingredients market. Increasing demand for convenience and processed food such as instant snacks and beverages and increase in the usage of frozen meat in the processed food are accelerating the growth of meat ingredients market. Additionally, increasing usage of flavouring agents to impart flavor and to skip bad taste and odour is propelling the growth of meat ingredients market across the globe.
On the contrary, stringent regulations on quality standards and clean labelling are anticipated to restrict the growth of meat ingredients market. Also, growing health awareness with overconsumption of meat ingredients and increasing awareness regarding ethical and religious views among the consumers are likely to hamper the growth of meat ingredients market. Nonetheless, increasing demand for processed food added with various flavours is expected to generate lucrative opportunities for meat ingredients market. Whereas, meat ingredients industry is facing challenges such as growing prevalence of animal diseases such as bird flu and stringent regulation over products by regulatory authorities by FDA.
This meat ingredients market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research meat ingredients market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Meat Ingredients Market Scope and Market Size
The meat ingredients market is segmented on the basis of ingredient, meat type and product type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of ingredient, the meat ingredients market is segmented into binders, extenders, fillers, colouring agents, flavouring agents, preservatives, texturing agents, salts and others.
- Based on meat type, the meat ingredients market is segmented into mutton, chicken, beef, pork and others.
- Based on the product type, the meat ingredients market is segmented into fresh processed meat, raw & cooked meat, pre-cooked meat and others.
Global Meat Ingredients Market Country Level Analysis
Global meat ingredients market is analysed and market size, volume information is provided by country, ingredient, meat type and product type as referenced above.
The countries covered in the meat ingredients market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific is accounted for holding the largest share and as well as projected to grow with the highest CAGR during the forecasted period due to growing number of food processing and storage industry across the region.
The country section of the meat ingredients market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Meat Ingredients Market Share Analysis
The meat ingredients market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to meat ingredients market.
The major players covered in the meat ingredients report are Kerry Group plc, Ohly, DuPont, Essentia, Wenda Ingredients, Alicia Srls, WIBERG GmbH, Advanced Food Systems Inc., Avada, Firmenich SA, FAT BRANDS INC., Proliant Meat Ingredients, CAMPUS Srl, Associated British Foods plc, CCI North America Ltd., Fair Oaks Farms LLC, Nikken Foods USA Inc., Islamic Food & Nutrition Council of America, Burke and Integrative Flavors among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many prominent players in the market are taking different initiatives in the market so they can enhance their market reach and strengthen their market position. In 2019, IFF, International Flavors & Fragrances Inc. completed the acquisition of remaining 50% of the outstanding shares of Wiberg Corporation Inc. International Flavors & Fragrances Inc. mainly focuses on processed meats and convenience foods and provide innovative culinary solutions for restaurants, catering firms and food services.