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Binders and Scaffolders for Meat & Meat Substitutes Market is Expected to Reach $593.0 million by 2032

12-15-2021 02:17 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Markets and Markets

The global meat binders market is estimated to be valued at USD 3.7 billion in 2021. It is projected to reach USD 4.2 billion by 2026, recording a CAGR of 2.6% during the forecast period. The increasing demand for meat products like beef, pork, and poultry has been a major driver for the global meat binders market.

The global cultured meat market is estimated to be valued at USD 214.0 million in 2025. It is projected to reach USD 593.0 million by 2032, recording a CAGR of 15.7% during the forecast period. The increasing demand for non-meat and greener alternatives has been a major driver for the global cultured meat market. Increasing demand for global cultured meat over the forecast period is expected to drive the growth of the scaffolders market over the same period.

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Cultured meat manufacturers are expected to dominate North American region
The US is projected to dominate the North American region by 2032, in terms of value. This is attributed to the innovations in cultured meat, which are expected to reduce the environmental impact of meat production and promote human health and food safety by eliminating harmful content such as saturated fats and pathogens. These factors are expected to drive the growth of the cultured meat market during the forecast period in this region. Moreover, high consumer acceptance for cultured meat in the country is supporting the demand for cultured meat.

Consumers shifting toward a flexitarian and vegan lifestyle is a significant factor driving the demand for meat substitutes.

The global binders and scaffolders for meat & meat substitutes market has been influenced by some of the macroeconomic and microeconomic factors occurring in some of the key countries around the globe. This would prove potential enough to significantly drive the market in value sales during the forecast period. Meat substitutes are being preferred by plant-based meat manufacturers and consumers.

Consumers shifting toward a flexitarian and vegan lifestyle is a significant factor driving the demand for meat substitutes. They also help in reducing the carbon emission in the environment and protect animals. Several companies are interested in this trend of meat alternatives and focusing on developing new plant-based meat products.

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Key players in this market include ADM (US), DuPont (US), Kerry (Ireland), Danagreen Co., Ltd (South Korea), Marix Meats (US), and Memphis Meat (US).

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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