Market Outlook - Meat Flavors Market to Grow at a CAGR of 5.8% by 2023 | Global Key Vendors - Kerry Group, Cargill, BASF, Dupont- Danisco, Archer Daniels Midland (ADM), Kerry Group, Innova Flavors, IDF

Marketprognosis.com Publish a New Market Research Report On “Global Meat Flavors Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Meat Flavors Market:

The Global Meat Flavors Market is expected to grow at a CAGR of 5.8% from 2018 to 2023. The global natural meat flavoring market accounted for USD 833.03 Million in 2016, and is expected to record a CAGR of 6.4% during the forecast period.

The growing trend of health consciousness has led to an exponential increase in the use of natural flavors by most food manufacturing companies. Natural meat flavoring are extensively used in most products in developed regions, such as North America. Natural ingredients are expected to have highest growth rate in Asia-Pacific due to the rising purchasing power and consumers demand for healthy products with natural flavors.

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Due to globalization consumers’ taste has evolved, with consumers craving for newer flavors and tastes. This has stimulated the meat flavors market. Along with globalization, increasing disposable income in developing nations is giving a great push to the meat flavors market with consumers opting for ready-to-eat food to match their fast pace lifestyle. According to the FAO fact sheet, the global annual per capita meat consumption is expected to reach 35.3 kg by 2025. During 2016 - 2025, the consumption of meat and meat-based products is expected to grow by 60% more than the consumption rate in 2016.

This is due to the growth of disposable incomes in regions, such as Asia, Latin America, and the Middle East. The demand for meat in developed countries continues to increase, but at a lower growth rate compared to those developing countries. Moreover, the increasing demand for the ready to eat and processed food demands greater use of meat flavors in the production giving impetus to the market.

The Growing vegetarianism is a major restrain in the market. Constraints are also seen in the form of regulatory requirements in food additives, with animal derived flavors seeing a greater regulation due to the risk of contamination. As most of the meat flavors are applied to ready-to-eat food, increasing awareness among consumers about the negative health effects of processed food consumption is also a limiting factor in the market.

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Regional analysis, market is segmented into North America, Europe, Asia Pacific, Africa and South America. North America is the main market for Meat flavors with the United States making up the largest market share in the continent. This is due to the high consumption of processed food in the country. The United States accounts for more than 50% of the natural meat flavors market share of North America. Over the years, there has been a wide range of innovation in the meat flavors industry to suit the consumer’s needs in the United States.

Major Key Players:

1 Kerry Group

2 Cargill Inc

3 BASF

4 Dupont- Danisco

5 International Fragrance and Flavours, Inc.(IFF)

6 D.D. Williamson & Co Inc.

7 Archer Daniels Midland(ADM)

8 Kerry Group

9 Innova Flavors

10 IDF and More……………

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What Information does this report contain?

1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants

2 Which are the leading market products, applications & regions and how will they perform by 2023?

3 What are the technologies & innovation trends, how will they evolve by 2023?

4 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Meat Flavors Market.

Table of Contents:

1 Introduction

2 Meat Flavors Market Overview

3 Meat Flavors Market Overview

4 Meat Flavors Market Segmentation

5 Competitive Landscape

6 Company Profiles

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This release was published on openPR.