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Reduced Fat Meat Market to Grow at 4.6% CAGR, Reaching US$ 15 Billion by 2033

05-17-2024 06:55 PM CET | Food & Beverage

Press release from: Fact.MR

Reduced Fat Meat Market to Grow at 4.6% CAGR, Reaching US$ 15

The global reduced fat meat market (지방이 적은 고기 시장) is projected to reach US$ 15 billion by the end of 2033, with demand expected to grow at a CAGR of 4.6% through 2033. Reducing the total fat content in processed meat is both desirable and feasible. Effective combinations of various fat substitutes can significantly lower levels of saturated fats and caloric content. These improvements lead to the development of products with high nutritional value. These new alternatives to traditionally processed meats feature reduced fat content without incurring additional costs and often come with improved quality. Currently, extensive research is underway to produce fat-free food products, including meat items.

The proposed relationships between saturated or low polyunsaturated fatty acids ratio and high cholesterol levels have resulted in an increased concentration of industry players developing low-fat food products. In addition, rising incidence of coronary heart diseases are also bolstering the consumption of low-fat meat products. Researchers are working to reduce the use of animal fat in meat products. As such, they are developing products that contain nutritional ingredients with a noticeable reduction in the content of calories and fat.

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Key Takeaways from Market Study

Sales of reduced fat meat are projected to reach US$ 15 billion by the end of 2033, reflecting a significant increase from the industry's valuation of US$ 9.5 billion in 2023. This growth is driven by a rising demand for healthier meat options, with minimal or no fat content, anticipated to increase at a CAGR of 4.6% through 2033. Consumers are increasingly seeking nutritious alternatives to traditional meat products, leading to the development of innovative reduced fat options that do not compromise on taste or quality.

The Canadian market for reduced fat meat is also expected to see substantial growth, progressing at a CAGR of 4.1% through 2033. This trend is indicative of a broader shift towards healthier dietary choices in the region. With ongoing advancements in food processing technology and the increasing availability of effective fat substitutes, the market is well-positioned to meet the growing consumer demand for low-fat and fat-free meat products, enhancing both the nutritional profile and the appeal of these items.

List of Key Companies Profiled in The Report

Amy's Kitchen
The Vegetarian Butcher
Beyond Meat Inc.
Taifun-Tofu GmbH
DuPont
Sweet Earth Foods
Gold & Green Foods
Maple Leaf Foods
Others

Winning Strategy

People around the world are concerned related to their diet. With the growing demand for healthy and nutritious food products, manufacturers need to concentrate on processed meats that have high protein content and low fat. Health concerns related to the utilization of fat and rising consumer preference for low-fat foods are estimated to contribute to market growth.

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More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global reduced fat meat market for the period of 2023-2033.

The study divulges essential insights into the market on the basis of type (beef, poultry, seafood, others) and distribution channel (supermarkets/hypermarkets, specialty food stores, convenience stores, online retail), across five major regions (North America, Europe, Asia Pacific, Latin America, and MEA).

Competitive Landscape

In the competitive landscape of reduced fat meat, suppliers are intensifying their investment efforts to introduce novel products, expanding the global availability of these offerings. A notable example is Kellogg Co., which allocated a substantial investment of US$ 45 million to expand its manufacturing facility at Morningstar Farm in Ohio. This strategic move reflects a commitment to meeting the growing demand for reduced fat meat products and signifies an industry-wide trend of significant investments aimed at enhancing production capacities and increasing the accessibility of such products on a global scale.

The reduced fat meat market is witnessing dynamic changes driven by evolving consumer preferences and a heightened focus on health and wellness. As the market continues to grow, opportunities abound for businesses to innovate, collaborate, and meet the demands of a health-conscious consumer base seeking flavorful, nutritious, and reduced fat meat options.

Contact:

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Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com

About Fact.MR:

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.

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