The North America Edible Offal Market would witness market growth of 4.0% CAGR during the forecast period (2023-2030).In the year 2019, the North America market's volume surged to 3,132.0 Kilo Tonnes, showcasing a growth of 1.7% (2019-2022).
Offals have a higher nutritious value than meats. Hence, several governments around the region are encouraging their consumption. The use of animal byproducts is fueled in part by the rise in greenhouse gases because these products may reduce GHG emissions by eliminating the need for breeding more livestock. The edible offal is a valuable source of minerals and protein. The market may help meet nutritional needs while maximizing resource efficiency and lowering the environmental burden of growing meat production by meeting the demand for high-protein meals through animal byproducts.
The market is expanding because of its superior nutritional value and lower price than other meat cuts. Prime pieces of beef are more expensive than edible offal. Because of its affordability, it is a desirable choice for customers seeking affordable protein sources. Comparing edible offals to other types of lean muscle meat, it can be illustrated that they have a higher nutrient density and include greater amounts of iron and vitamin B12.
Additionally, the food industry constantly looks for innovative methods to add edible offal to processed food products. Offal can be a component of meatballs, sausages, pâtés, and other prepared meats. Offal is now accessible in more approachable and practical forms, satisfying customer preferences for products like ready-to-eat (RTE) or simple in preparation. Also, offal-based goods that are ready to eat or easy to prepare meet the needs of contemporary consumers who live hectic lifestyles and need quick and easy meal options. The food industry aids in removing potential obstacles to offal intake, such as the perception of difficulty in preparation or the link with lower social status, by incorporating offal into these goods.
In recent years, there has been a growing interest in exploring diverse and unique food options in Canada. This trend has led to an increased appreciation for traditional and exotic offal dishes that were once overlooked. Offal is a staple in many ethnic cuisines, and Canada's diverse population means that there are communities where offal is a cherished and integral part of the culinary tradition. Restaurants catering to specific ethnic groups offer offal dishes to cater to these preferences. Therefore, the rising beef and pork consumption is anticipated to encourage expansion of the market.
The US market dominated the North America Edible Offal Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $9,417.9 million by 2030. The Canada market is experiencing a CAGR of 6% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.4% during (2023 - 2030).
Based on Application, the market is segmented into Processed (Canned/Brine, Frozen, Sausage/bagged and Others) and Fresh. Based on Distribution Channel, the market is segmented into Food Service and Retail (Hypermarkets/supermarkets, Wholesale Stores, Online Sales and Others). Based on Source, the market is segmented into Pig, Goat, Sheep, Cattle, Poultry, Horse and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Edible Offal Market is Projected to reach USD 58.2 Billion by 2030, at a CAGR of 4.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Vion N.V. (Stichting Administratiekantoor SBT), Hormel Foods Corporation, Itoham Yonekyu Holdings Inc.,JBS USA Holdings, Inc. (JBS S.A), Marfrig Global Foods S.A., NH Foods Ltd., OSI Group, LLC, Sysco Corporation, The Kraft Heinz Company and Cargill, Incorporated
By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Distribution Channel (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Source (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
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