The Worldwide Meat-Based Flavors Market is Projected to reach USD 5 Billion by 2029, at a CAGR of 5.6%

Published Date: 31-May-2023

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Meat-Based Flavors Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Meat-Based Flavors Market size is expected to reach $5 billion by 2029, rising at a market growth of 5.6% CAGR during the forecast period.

The Baked Goods segment is showcasing a CAGR of 5.3% during (2023 - 2029). Meat-based flavors can add a savory and umami taste to baked goods. The natural compounds present in meat, such as amino acids and nucleotides, contribute to the depth and complexity of flavors. Adding meat-based flavors to baked goods can enhance the overall taste profile, making them more flavorful and satisfying. The aroma of meat-based flavors can create a desirable sensory experience in baked goods. The compounds released during baking interact with other ingredients, giving rise to unique and appetizing aromas.

The Natural Meat Flavor segment is leading the Global Meat-Based Flavors Market by Type in 2022 thereby, achieving a market value of $3 billion by 2029. The method of enhancing the flavor of the meat by adding natural components is known as natural meat flavors. Animals, plants, and fruits all serve as natural flavoring sources. Because of their low toxicity, these products can be utilized in huge numbers without endangering human health. The widespread availability of natural meat flavors propels the growth of the market.

The Chicken segment has shown the growth rate of 5.3% during (2023 - 2029). The demand for chicken-based meat flavors has a significant volume share, which is mostly attributable to the rising demand for chicken and poultry products as a result of their simple availability and low prices. Given that chicken has a higher protein level than the majority of other typical meat products, it has grown in favor among consumers who are health conscious. In addition, chicken has been a popular option for manufacturers and customers because of the inexpensive cost of these goods and their production.

The North America market dominated the Global Meat-Based Flavors Market by Region in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $1.7 billion by 2029. The Europe market is exhibiting a CAGR of 5.3% during (2023 - 2029). Additionally, The Asia Pacific market would showcase a CAGR of 6.1% during (2023 - 2029).

Full Report:

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Archer-Daniels-Midland Company, Sensient Technologies Corporation, Essentia Protein Solutions, DSM-Firmenich, Symrise AG, Givaudan SA, H.E. Stringer Flavours Limited, International Flavors & Fragrances Inc, Kerry Group plc, and Nikken Foods Co., Ltd.

Global Meat-Based Flavors Market Segmentation

By Application

  • Soups & Sauces
  • Baked Goods
  • Savory
  • Ready Meals
  • Processed Meat
  • Others

By Type

  • Natural Meat Flavor
  • Artificial Meat Flavor

By Flavor

  • Beef
  • Chicken
  • Pork
  • Turkey
  • Fish & Seafood
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
    • Brazil
    • Argentina
    • UAE
    • Egypt
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • Archer-Daniels-Midland Company
  • Sensient Technologies Corporation
  • Essentia Protein Solutions
  • DSM-Firmenich
  • Symrise AG
  • Givaudan SA
  • H.E. Stringer Flavours Limited
  • International Flavors & Fragrances Inc
  • Kerry Group plc
  • Nikken Foods Co., Ltd.

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Related Reports:

North America Market 2023-2029

Europe Market 2023-2029

Asia Pacific Market 2023-2029

LAMEA Market 2023-2029

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