Non-Meat Ingredients Market by Ingredient, Type, Product, Source and Region – Global Forecast to 2027 – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Non-Meat Ingredients Market by Ingredient (Binders, Extenders, Fillers, Coloring & Flavoring Agents, Salts & Preservatives), Type (Beef, Pork, Mutton, Poultry), Product, Source (Plant, Chemical, Animal) & Region – Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.

The global non-meat ingredients market is estimated to be valued at USD 36.6 billion in 2021. It is projected to reach USD 46.7 billion by 2027, recording a CAGR of 4.2% during the forecast period.

The ease of use and hassle-free preparation offered by meat products processed with non-meat ingredients has added to their growing popularity and demand. To cater to the ever-increasing demand for processed meat products, processing plants are adopting various ways to increase production. One such method is the use of non-meat ingredients during meat processing. Meat processing plants are recognizing the importance of non-meat ingredients and their effects on end products. Non-meat ingredients such as binders, fillers, extenders, coloring agents, texturing agents, flavoring agents, preservatives, and salts are used to enhance the quality of processed meat products.

Europe was observed to be the second largest market in terms of value, in 2021.

The food processing industry in Europe is facing many challenges, such as an increase in competition and changes in consumer trends. In response to these challenges, the food processing industry is intensifying and restructuring itself. Economic and social changes are also driving factors for increased food demand. Processed and frozen meat are gaining popularity as they are perceived as healthy by the masses and also because of the time constraints of consumers. Due to competition, companies are offering high-quality products with improved taste. Since the awareness about food safety has been increasing among people, their preference for processed meat is also increasing which is driving the market in Europe.

The fillers segment is projected to grow at the highest CAGR in terms of value.

The fillers segment is projected to grow at the highest CAGR in terms of value. Fillers are prominently found in processed meats and are used to increase the volume of meat products and reduce the price. The addition of meat in meat fillers is a common practice followed in developing nations as they aid in reducing the production costs in line with their financial stability.

The Raw fermented Sausages segment is projected to grow at the highest CAGR in terms of value.

Products of raw fermented meat do not require cooking or heat treatment in the processing stage and are normally consumed and distributed in their raw form. The chewy texture and tangy flavor that these products derive are due to the fermentation processes.

Market Dynamics

Drivers

  • Increasing Consumer Awareness Increases the Demand for Processed Meat Products
  • Rising Consumption of Convenience Foods Fuels the Growth of the Processed Meat and Non-Meat Ingredients Markets
  • Meat Processing Plants Prefer the Usage of Functional Non-Meat Ingredients During Processing

Restraints

  • Adherence to International Quality Standards and Regulations for Functional Non-Meat Ingredients Used in Meat Processing
  • Outbreaks of Livestock Diseases Adversely Affect the Processed Meat Supply Chain

Opportunities

  • Exploring Technological Advancements to Develop New Product Lines
  • Increased Demand for Fast-Food Chains is Projected to Drive the Market

Challenges

  • Product Labeling
  • Increasing Demand for Meat Substitutes
  • Rising Vegetarian and Vegan Population is a Major Factor Limiting the Market Growth

Companies Mentioned

  • ADM
  • Advanced Food Systems
  • Associated British Foods plc
  • BASF SE
  • Dow
  • DSM
  • Essentia Protein Solutions
  • Fiberstar
  • Foodchem International Corporation
  • Hydrosol GmbH & Co. Kg
  • Ingredion
  • J. Rettenmaier & Sohne GmbH + Co Kg
  • Kerry Group
  • Nassau Foods
  • Nikken Foods
  • Palsgaard
  • SMS
  • Stockmeier Group
  • Wenda Ingredients
  • Wiberg GmbH

For more information about this report visit https://www.researchandmarkets.com/r/f5rgnj

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