Global Non-meat Ingredient Market: Increasing Uptake of Meat Products at the Forefront of Driving Demand, finds TMR

Non-Meat ingredients, extracted from plants, animals, and synthetic sources, find application in processing meat related food products. They serve to better texture, flavor, volume, and other characteristics of the processed meat food. A report by Transparency Market Research, titled, “Non-Meat Ingredient Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025,” finds the rising consumption of added meat products is serving to majorly fuel the market.

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A unique perceived benefit of non-meat ingredient is its ability to boost shelf life and stability of the product. This is also serving to boost their demand. Further, improving technologies that are making it even more cost effective to freeze and preserve meat products, thereby helping the products to reach faraway markets, is proving beneficial to the market too.

One factor posing a hindrance to the non-meat ingredient market, on the flip side, is the stringent regulations serving to limit production. The emergence of new techniques to bring down the use of non-meat ingredient is also posing a challenge to the market.

Having thrown light on the growth drivers and restraints, the report goes on to segment the global non-meat ingredient market based on origin into animal, plant, and synthetic. Of them, the plant origin accounts for a leading share in the market and will likely retain it in the upcoming years. The synthetic segment is slated to trail the plant segment owing to being less expensive.

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Depending upon raw materials, the global market for non-meat ingredient market can be segmented into hydrocolloids, sodium nitrates, milk proteins, phosphates, gelatin, blood protein, glutamates, vegetable oils, carrageenan, and sugars. Among them, the vegetable oil segment is predicted to have a dominant share on account of its versatility. The key applications of non-meat ingredients are flavoring, coloring agent, taste enhancers, binder, texture enhancers, extenders, and fillers.

From a geographical standpoint, North America is the leading market which is expected to continue to dominate the non-meat ingredient market in the near future as well. This is because enormous amounts of processed meat products is consumed in the region. Europe is another key market which trails North America in terms of value. The markets in Latin America and Asia Pacific are highly lucrative and hold a lot of potential on account of the increasing trade and commerce in the regions.

The report throws light on the size of the global market for non-meat ingredients by factoring in the overall revenue and also the competitive dynamics determining the course of the market. In order to do so, it profiles some of the important companies operating it. Some such companies are Wenda America Inc., Kerry Inc., Ripon Select Food Ltd., Koninklijke DSM N.V., Eleven Food Group, Shokuken Co., Ltd., AEP Colloids, and Cargill, Inc.

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This release was published on openPR.