Published Date: 30-Sep-2022
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According to a new report, published by KBV research, 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.
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. Flavoring agents in their natural state are more suited for use in ready-to-eat food products and are therefore gaining a great deal of importance throughout several developed as well as developing countries. Non-meat ingredients have the best blending properties of all ingredients since they improve the flavor and taste of foods and beverages.
The Beef market is poised to grow at a CAGR of 4.3% during (2022 - 2028). Due to the rising beef consumption throughout the world, the inclusion of non-meat ingredients within beef products is rapidly increasing. In the coming years, market growth is anticipated to be driven by the rising demand for and production of meat products all over the world.
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 rise in the growth of the segment is attributed to the delicious taste of these products. Meat processing encompasses any procedures that transform fresh meat, excluding basic mechanical operations such as chopping, grinding, or mixing.
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. The Europe market is estimated to grow at a CAGR of 4.4% during (2022 - 2028). Additionally, The North America market would experience a CAGR of 4.2% during (2022 - 2028).
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 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 Meat Type
By Product Type
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