Non-Meat Ingredients Market Size 2024 - Industry Share, Growth, Trends, Revenue, and Key Leaders Analysis-DuPont, ABF Ingredients, ADM, DSM.

Non-Meat Ingredients Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Non-Meat Ingredients market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Non-Meat Ingredients market from 2024 to 2031, and what is the market value expected to change by 2031?

Global Non-Meat Ingredients Market reached US$ 31.12 billion in 2022 and is expected to reach US$ 43.91 billion by 2031, growing with a CAGR of 4.4% during the forecast period 2024-2031.

What is Non-Meat Ingredients Market?

The Non-Meat Ingredients market encompasses a wide range of products used as substitutes or enhancements in food formulations, particularly in meat alternatives and processed foods. This market is driven by the growing demand for plant-based diets, health-conscious consumer choices, and the rising awareness of environmental sustainability. Key ingredients include plant proteins (such as soy, pea, and lentil), starches, fibers, and various natural flavorings and colorings. These non-meat ingredients are essential in creating textures and flavors that mimic traditional meat products, making them appealing to consumers seeking meat alternatives. The market is also influenced by innovations in food technology, leading to improved ingredient functionality and taste. Additionally, the increasing prevalence of dietary restrictions, such as vegetarianism and veganism, is propelling the demand for diverse and high-quality non-meat ingredients. The expansion of retail channels and online platforms further facilitates access to these products, driving growth in the Non-Meat Ingredients market.

Growth Driver

Rising Demand for Convenient Vegan Products

The vegan lifestyle continues to gain traction among consumers, with approximately 88 million vegans reported worldwide in 2023 by the World Animal Foundation. This surge in popularity is significantly influencing the food industry, particularly in the realm of convenience vegan products.

As more individuals adopt vegan diets, there is an increased demand for products that incorporate non-meat ingredients in convenient formats. This shift is leading to innovations in plant-based offerings, allowing consumers to easily incorporate vegan options into their daily lives without compromising on taste or convenience.

Key Players:

Profiles of some of the major players in the global Non-Meat Ingredients market, which include DuPont, ABF Ingredients, ADM, DSM, BASF SE, Essentia Protein Solutions, General Mills Inc., Kerry Group plc., Wenda Ingredients, LLC, and Ingredion.

Industry Development:

In November 2023, Canada's Protein Powered Farms announced its acquisition of Lovingly Made Ingredients, a subsidiary of the well-known UK plant-based meat brand Meatless Farm. This strategic acquisition aims to strengthen Protein Powered Farms' position in the growing plant-based market and expand its product offerings.

In May 2022, BENEO, a prominent company in the food industry, acquired Dutch company Meatless B.V. This acquisition enables BENEO to enhance its portfolio and provide customers with a diverse range of plant-based solutions, particularly focusing on texturizers for meat and fish alternatives. The move positions BENEO as a significant player in the plant-based texturizing solutions sector, catering to the increasing demand for meat and fish alternatives.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Non-Meat Ingredients market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Ingredients: Binders, Fillers, Extenders, Flavoring Agents, Coloring Agents, Preservatives, Salts, Texturing Agents, Others.

By Meat Type: Beef, Pork, Poultry, Mutton.

By Source: Chemical Substances, Plant Origin.

By Product Type: Fresh Processed Meat, Raw-Cooked Meat, Pre-Cooked Meat, Raw Fermented Sausages, Cured Meat, Dried Meat.

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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