Reconstituted Meat Market Growing Rapidly By 2031 - Archer Daniels Midland Company, Cargill Inc., Essentia Protein Solutions

The global Reconstituted Meat Market was valued and is expected to experience substantial growth, by 2031. The market is anticipated to grow at a compound annual growth rate (CAGR) of 18% during the forecast period from 2024 to 2031.

DataM Intelligence has released a new research report on "Reconstituted Meat Market Size 2024." This report offers in-depth insights into key factors such as regional growth, segmentation, CAGR, and the revenue status of leading players in the industry. Its aim is to present a detailed overview of the current market size in terms of value and volume, as well as potential opportunities and development trends.

Get a Free Sample Research PDF - https://www.datamintelligence.com/download-sample/reconstituted-meat-market

Reconstituted meat is a product created by combining smaller pieces of meat or meat trimmings with additional ingredients such as salt, water, and binders. These components are mixed to form a meat-like substance, which is then shaped into various forms like chicken nuggets, hot dogs, or sausages. Reconstituted meat comes in different varieties, including pork, beef, chicken, and lamb, and is used in products such as sausages, ham, nuggets, and other meat items. It is also incorporated into ready-to-eat foods as one of the ingredients. For manufacturers, reconstituted meat is advantageous as it utilizes meat scraped from bones, making it a cost-effective option.

The Reconstituted Meat Market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.

Key Developments

On June 13, 2022, Wonokoyo introduced new processed meat products to attract a broader consumer base and drive business growth. This move is part of a broader trend that includes alternative protein producers.
On July 27, 2022, Migros and SuperMeat signed a Memorandum of Understanding (MOU) to scale up meat cultivation. Migros' investment in SuperMeat highlights the growing consumer interest in reconstituted meat proteins and reflects the business leaders' awareness of this demand.

Market Dynamics:

Growing meat consumption is driving the market

Increasing meat consumption is driving the growth of the reconstituted meat market. Data from the Australian Department of Agriculture, Water, and the Environment reveals that meat consumption in Australia has surged by 58% over the past 20 years, reaching 360 million tonnes. In 2021, Spain's population consumed an average of 46.2 kg of meat per person, with chicken being the most popular type of reconstituted meat.

Changing Lifestyles Driving Market Demand

Shifts in eating habits and lifestyles over recent decades have led to a higher demand for processed foods globally. Globalization and the growing popularity of diverse cuisines have increased meat consumption. Factors such as changing consumer preferences, the high availability of processed foods, busy lifestyles, a growing number of working women, rising disposable incomes, advancements in freezing technology, and increased demand for reconstituted meat among health-conscious consumers are key drivers of this trend through 2031.

Market Segment Analysis

By Type: Pork, Beef, Lamb/Mutton, Chicken, Turkey, Others

By Application: Food Industry, Pet Food, HoReCa

Get Customization in the report as per your requirements - https://www.datamintelligence.com/customize/reconstituted-meat-market

Major Key players

• Archer Daniels Midland Company
• Cargill Inc.
• Essentia Protein Solutions
• Hydrosol GmbH & Co. KG
• Lauridsen Group
• Princes Foods
• JBS Foods
• BRF S.A.
• Clemens Food Group
• Hormel Foods Corporation

*Note:

Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.

Related Reports:

Meat Processing Equipment Market: https://datamintelligence.com/research-report/meat-processing-equipment-market

Meat Speciation Testing Market: https://datamintelligence.com/research-report/meat-speciation-testing-market

Affiliate Marketing Request here: https://www.datamintelligence.com/affiliate-marketing

Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.