Global Meat Ingredients Market worth US$ 78.79 Billion By 2019

The report "Global Meat Ingredients Market, By Ingredients (Binders, Extenders, Fillers, Coloring Agents, Flavoring Agents, Preservatives, Texturing Agents, Salts, and Others), By Meat Type (Mutton, Chicken, Beef, Pork, and Other Meat Types), By Product Type (Fresh Processed Meat, Raw Cooked Meat, Pre Cooked Meat, and Other Product Types), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030. The market for meat ingredients is growing rapidly. High demand for convenience foods, such as instant snacks and beverages are driving the growth of the global meat ingredients market. Other factors, such as the growing user applications in processed foods such as meat, frozen meat, etc., along with taste and nutrition convergence, which increased the usage of flavouring agents and salts, are also propelling the growth of the target market. Additionally, higher preference for natural ingredients as additives is also expected to drive the growth of the global market over the forecast period. Axiom Foods Inc. is one of those prominent players that produces Vegotein MA pea protein ingredient used for the better gelling property of sausages used in hotdogs. Kraft Foods under its brand Oscar Mayer is one of those prominent players, which prepares sausages and crispy bacon with no artificial ingredients. Nevertheless, technology for meat processing will also contribute to the improvement of heavily extended meat products.

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Key Highlights:

In March 2017, Kerry group acquired Cargil's global flavour business. This acquisition booms Kerry's capability to provide unrivalled innovative integrated customer solutions across all food and beverage end-use-markets.
In April 2017, KONINKLIJKE DSM NV expanded a new Biotechnology Center in the Netherlands, increasing its R&D proficiencies for food applications
Key Market Insights from the report:

The global meat ingredients market accounted for US$ 78.79 billion in 2019 and is projected to register a moderate CAGR over the forecast period. The market report has been segmented based on ingredients, meat type, product type, and region.

By ingredients, the meat preservative segment accounts for the highest market share of 25.24%, due to growing demand for processed meat. The segment is projected to record the highest CAGR of 5.64% over the forecast period. Additionally, the market is dominated by flavouring agents, which accounted for a market share of 16.01% in 2017.
By meat type, the global market is segmented into mutton, chicken, beef, pork, and other meat types. Beef meat-type segment holds a significant portion in this category.
By product type, the global market is classified into a fresh processed meat, raw cooked meat, precooked meat, and other product types
By region, in 2018, Asia-Pacific was accounted to be the largest market for meat ingredients. This region is expected to be the fastest-growing market, with a CAGR throughout the forecast period. This growth is mainly due to a large number of storage and food processing industries, particularly in developing countries, such as Japan, China, India and a few other Asian countries.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on "Global Meat Ingredients Market", By Ingredients (Binders, Extenders, Fillers, Coloring Agents, Flavoring Agents, Preservatives, Texturing Agents, Salts, and Others), By Meat Type (Mutton, Chicken, Beef, Pork, and Other Meat Types), By Product Type (Fresh Processed Meat, Raw Cooked Meat, Pre Cooked Meat, and Other Product Types), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

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The prominent player operating in the global Meat Ingredients market includes DuPont Danisco, Kerry Group PLC, Firmenich, Tate & Lyle, Corbion, Koninklijke DSM NV, Ingredion, Archer Daniels Midland Company, Cargill Inc., and Givaudan.

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This release was published on openPR.