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), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Meat Ingredients Market
With the rising demand for convenience and processed foods and growing adoption of meat ingredients in these products, the market is expected to witness a conservative growth in the forecast period of 2019-2026, registering a CAGR of 6%. The report includes data from the historic year of 2017 and base year of 2018.
Market Definition: Global Meat Ingredients Market
Meat ingredients are used for the innovation and modifications in the characteristics, properties and flavour of meat. These ingredients are also used in the production of processed foods and convenience foods. With the addition of these ingredients there is a significant difference in texture, flavouring thus making the products more desirable and appealing, which is expected to drive the market growth.
- High demand of convenience foods and ease of use associated with their consumption is expected to drive the market growth
- Adoption and increased preference of processed foods due to the added preservatives and flavouring agents is also expected to drive the market growth
- Lack of standardization and labelling of products is expected to restrain the market growth
- Growing health concerns and awareness with the overconsumption of meat ingredients is also expected to restrain the market growth
Segmentation: Global Meat Ingredients Market
- By Ingredient
- Colouring Agents
- Flavouring Agents
- Texturing Agents
- By Meat Type
- By Product Type
- Fresh Processed Meat
- Raw & Cooked Meat
- Pre-Cooked Meat
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
- North America
Key Developments in the Market:
- In March 2015, Proliant Meat Ingredients, BHJ Ingredients and Proliant Health announced a merger and a common name titled Essentia Protein Solutions, with the company focused on global solutions for the protein industry.
- In August 2018, Firmenich SA announced the acquisition of Campus. The acquisition is aimed at expanding the protein applications and ingredients market because of Campus’ expertise in natural protein ingredients.
Competitive Analysis: Global Meat Ingredients Market
Global meat ingredients market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of meat ingredients market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Meat Ingredients Market
Few of the major competitors currently working in the meat ingredients market are Kerry Group, Ohly, DuPont, Essentia, Wenda Ingredients, Alicia Srls, WIBERG GmbH, Advanced Food Systems Inc., Avada, Firmenich SA, and FAT BRANDS INC.
Research Methodology: Global Meat Ingredients Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request An Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of Market Segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market Drivers and Restraints analysis along with the analysis of the market structure