The Global Non-Meat Ingredients Market size is expected to reach $48.6 billion by 2028, rising at a market growth of 4.6% CAGR during the forecast period.
Non-meat components are a sort of food additives that are utilized to enhance color, tenderness, and juiciness in the final product. They are combined with processed meat items in order to improve their flavor and flavor profile. Non-meat components are classified into those added to improve the functionality and performance of the muscle proteins as well as those added to help in the retention of water and alter the texture. Non-meat components are derived from plants and animals, are synthetically produced, and are intended to extend the shelf life of food products they are combined with.
Non-Meat Ingredients are sourced from animals and plants and synthesized in laboratories. Non-meat additives decrease the cost of creating processed meat products. A rise in the per capita consumption of processed meat and meat products has led to an increase in the demand for Non-meat Ingredients. The increasing population, growing consumption of meat-based products, and the relevance of additives in the production of meat products have led to a boom in the Non-Meat Ingredients Industry.
The convenience and simplicity of preparation given by meat products that are processed with non-meat substances have contributed to their rising appeal. To meet the ever-increasing demands for processed beef products, processing businesses are implementing a variety of production-boosting strategies. The utilization of non-meat ingredients throughout meat preparation is one such way.
The COVID-19 pandemic has impacted the global supply chain. The non-meat ingredients market has been significantly impacted by the scarcity of raw materials as well as the reduction of the labor force. Countries around the world have imposed limitations on the movement of people and products, resulting in reduced delivery, an increased number of bottlenecks, and other logistical challenges that hinder the expansion of the non-meat ingredients market. However, changes brought by the outbreak of the coronavirus in the Non-Meat Ingredients supply chain and alterations in consumer behavior require businesses to be more cautious and forward-thinking in order to remain competitive.
The market is likely to be driven by the expanding population and rising demand for convenience foods. Increased consumer knowledge of the health advantages connected with meat eating and nutritional requirements has contributed to the expansion of this sector. Greater penetration of fast-food outlets, rising health concerns, expanding health and fitness consciousness, and shifting lifestyle & food habits have all contributed to the expansion of the non-meat ingredients industry.
The eating patterns of people all over the world are rapidly shifting and consumers are increasingly focusing on their convenience. Due to this, the demand for packaged food as well as meat products is increasing. In addition, according to the Department of Agriculture, Fisheries, and Forestry, in the twenty years leading up to 2018, developing nations accounted for almost 85% of the increase in meat consumption across the world.
Meat consumption is responsible for the emission of greenhouse gases such as nitrous oxide, CO2, and methane. As a result of such gases, the climate and environment is undergoing a substantial transformation, leading to global warming. There are various ways that livestock production adds to these greenhouse gases. Massive volumes of CO2 are released into the atmosphere as a result of the degradation of forest ecosystems. As they digest food, animals, like cows and sheep, produce a lot of methane.
Based on Ingredient, the Non-Meat Ingredients Market is segmented into Binders, Fillers, Extenders, Flavoring Agents, Coloring Agents, Preservatives, Salts, and Texturing Agents. In 2021, the fillers segment garnered a significant revenue share of the non-meat ingredients market. Fillers are prevalent in processed meats and are employed to enhance the volume and decrease the price of meat products. The addition of meat to meat fillers is a popular technique in developing countries since it helps to reduce manufacturing costs in keeping with their economic stability.
On the basis of Meat Type, the Non-Meat Ingredients Market is segregated into Beef, Pork, Poultry, and Mutton. In 2021, the pork segment procured the biggest revenue share of the non-meat ingredients market. The significantly rising growth of the segment is majorly attributed to the increasing use of non-meat components in a variety of meat processing applications. Moreover, pork consumption is also linked with a number of health benefits.
Based on Product Type, the Non-Meat Ingredients Market is classified into Fresh Processed Meat, Raw-Cooked Meat, Pre-Cooked Meat, Raw Fermented Sausages, Cured Meat, and Dried Meat. In 2021, the pre-cooked meat segment registered a substantial revenue share of the non-meat ingredients market. The growth of the segment is estimated to rise significantly in the coming years due to the increasing demand for ready-to-eat products, the changing positive taste preferences toward food products containing non-meat ingredients, and the declining prices of the products.
Report Attribute | Details |
---|---|
Market size value in 2021 | USD 35.9 Billion |
Market size forecast in 2028 | USD 48.6 Billion |
Base Year | 2021 |
Historical Period | 2018 to 2020 |
Forecast Period | 2022 to 2028 |
Revenue Growth Rate | CAGR of 4.6% from 2022 to 2028 |
Number of Pages | 274 |
Number of Tables | 443 |
Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
Segments covered | Ingredient, Meat Type, Product Type, Region |
Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Egypt, South Africa, Nigeria |
Growth Drivers |
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Restraints |
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Region-Wise, the Non-Meat Ingredients Market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2021, Asia-Pacific held the largest revenue share of the non-meat ingredient market. The upsurge in the growth of the regional market is majorly owing to the increasing number of meat consumers throughout the region. As the influence of western culture in rising among regional people, their consumption of meat is also increasing.
Free Valuable Insights: Global Non-Meat Ingredients Market size to reach USD 48.6 Billion by 2028
The major strategies followed by the market participants are Acquisitions. Based on the Analysis presented in the Cardinal matrix; Dow, Inc., Archer Daniels Midland Company and BASF SE are the forerunners in the Non-Meat Ingredients Market. Companies such as Kerry Group PLC, Koninklijke DSM N.V. and International Flavors & Fragrances, Inc. are some of the key innovators in Non-Meat Ingredients Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dow, Inc., Kerry Group PLC, Associated British Foods PLC, Ingredion, Incorporated, Archer Daniels Midland Company (ADM Animal Nutrition, Inc.), BASF SE, Koninklijke DSM N.V., Foodchem International Corporation, International Flavors & Fragrances, Inc., Essentia Protein Solutions
By Ingredient
By Meat Type
By Product Type
By Geography
The global Non-Meat Ingredients Market size is expected to reach $48.6 billion by 2028.
Rising Health Consciousness and Increasing Technological Advancements in the Industry are driving the market in coming years, however, Environmental Drawbacks of Meat Consumption Diminishing the Demand restraints the growth of the market.
Dow, Inc., Kerry Group PLC, Associated British Foods PLC, Ingredion, Incorporated, Archer Daniels Midland Company (ADM Animal Nutrition, Inc.), BASF SE, Koninklijke DSM N.V., Foodchem International Corporation, International Flavors & Fragrances, Inc., Essentia Protein Solutions.
The Flavoring Agents market has acquired maximum revenue share in Global Non-Meat Ingredients Market by Ingredient in 2021; thereby, achieving a market value of $13.2 billion by 2028.
The Fresh Processed Meat market is leading the Global Non-Meat Ingredients Market by Product Type in 2021; thereby, achieving a market value of $14.6 billion by 2028.
The Asia Pacific market dominated the Global Non-Meat Ingredients Market by Region in 2021; thereby, achieving aS market value of $17.7 billion by 2028.
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