Market Snapshot

Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

5.12%

Key Players:

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Meat Ingredients Market

Global meat ingredient market is forecasted to grow with a CAGR of 5.12% during the forecast period (2019 - 2024).

The meat ingredients market is growing rapidly. A major factor propelling this market is the high demand for convenience foods, such as instant beverages and snacks. Other factors, such as the increasing user application in processed foods, such as meat, frozen meat, etc., along with nutrition and taste convergence, which increased the usage of flavoring agents and salts, are also driving this market.
However, factors like quality standards, clean labeling, and health concerns are hindering the market. Meat processing technology will also contribute to the improvement of heavily extended meat products. Increased regulations by the FDA and other regulatory bodies in the developed markets is hindering the growth of processed food, especially processed meat and poultry in the countries.

Scope of the Report

The market for meat ingredients is segmented by type of ingredients into binders, extenders, fillers, coloring agents, flavoring agents, preservatives, texturing agents, and salts, in which the binders market holds the prominent share. Meat extenders are non-meat substances with substantial protein content, whereas fillers are high in carbohydrates.

By Ingredient
		Binders
		Extenders
		Fillers
		Coloring Agents
		Flavoring Agents
		Preservatives
		Texturing Agents
		Salts

Geography

North America
	United States
	Canada
	Mexico
	Rest of North America

Europe
	Germany
	United Kingdom
	France
	Russia
	Italy
	Rest of Europe

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

South America
	Brazil
	Argentina
	Rest of South America

Middle East & Africa
	Saudi Arabia
	South Africa
	Rest of Middle East & Africa

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Key Market Trends

High Preference for Preservatives by Ingredients

Rising health concern over preservatives use is expected to restrain the growth of the preservative segment of the market studied. Preservatives are used in processed meats for food safety, shelf life, and food technology reasons. Sodium nitrite or potassium nitrite are commonly used as preservatives in processed meats. Other preservatives, such as the sulfites, sources of sulfur dioxide inhibit the growth of microorganisms while retaining the fresh color and appearance of red meat. For instance, the levels of nitrates and nitrites in meat are restricted because they can be converted in the stomach or during high temperature frying to chemicals, which can cause cancer. Sulphur dioxide exposure causes breathing difficulties in some people.

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Asia-Pacific Holds the Largest Market Share

Asia-Pacific was estimated to be the largest market for meat ingredients, in 2018. This region is projected to be the fastest-growing market, with a CAGR during the forecast period. This growth is mainly due to a large number of food processing and storage industries, particularly in developing countries, such as India, Japan, China, and a few other Asian countries. Various flours are primarily used in extended traditional meat products from Asia-Pacific. One well-known example is Moo-Yoh. In Africa, the main traditional meat processing methods are meat salting, drying, and smoking. Chicken and mutton variants in processed meat products are popular in India. Value-added poultry is most popular with breaded chicken snacks, which around half of the frozen poultry category, following by sausages and kebabs.

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Competitive Landscape

Key players in the meat ingredients industry are Kerry Group plc, Ohly GmbH, E.I.du Pont de Nemours and Company, Proliant Meat Ingredients, Wenda Ingredients, Alicia Srl, Campus Srl, Redbrook Ingredient Services, WIBERG GmbH (Germany), Advanced Food Systems Inc. Apart from a new product launch, companies are increasingly retorting to merger and acquisition. To continue dominating the market, the key players seek to enter into partnerships. A classic example of acquisition, being a business strategy, is the acquisition of Campus SRL, which led to Firmenich gaining a leading position in the market.

Major Players

* Complete list of players covered available in the table of contents below

1. INTRODUCTION
1. 1.1 Study Deliverables
2. 1.2 Study Assumptions
3. 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Market Drivers
2. 4.2 Market Restraints
3. 4.3 Porters Five Force Analysis
  1. 4.3.1 Threat of New Entrants
  2. 4.3.2 Bargaining Power of Buyers/Consumers
  3. 4.3.3 Bargaining Power of Suppliers
  4. 4.3.4 Threat of Substitute Products
  5. 4.3.5 Degree of Competition
5. MARKET SEGMENTATION
1. 5.1 By Ingredient
  1. 5.1.1 Binders
  2. 5.1.2 Extenders
  3. 5.1.3 Fillers
  4. 5.1.4 Coloring Agents
  5. 5.1.5 Flavoring Agents
  6. 5.1.6 Preservatives
  7. 5.1.7 Texturing Agents
  8. 5.1.8 Salts
2. 5.2 Geography
  1. 5.2.1 North America
    1. 5.2.1.1 United States
    2. 5.2.1.2 Canada
    3. 5.2.1.3 Mexico
    4. 5.2.1.4 Rest of North America
  2. 5.2.2 Europe
    1. 5.2.2.1 Germany
    2. 5.2.2.2 United Kingdom
    3. 5.2.2.3 France
    4. 5.2.2.4 Russia
    5. 5.2.2.5 Italy
    6. 5.2.2.6 Rest of Europe
  3. 5.2.3 Asia-Pacific
    1. 5.2.3.1 India
    2. 5.2.3.2 China
    3. 5.2.3.3 Japan
    4. 5.2.3.4 Australia
    5. 5.2.3.5 Rest of Asia-Pacific
  4. 5.2.4 South America
    1. 5.2.4.1 Brazil
    2. 5.2.4.2 Argentina
    3. 5.2.4.3 Rest of South America
  5. 5.2.5 Middle East & Africa
    1. 5.2.5.1 Saudi Arabia
    2. 5.2.5.2 South Africa
    3. 5.2.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
1. 6.1 Strategy Adopted by Key Players
2. 6.2 Most Active Companies
3. 6.3 Market Share Analysis
4. 6.4 Company Profiles
  1. 6.4.1 DuPont
  2. 6.4.2 Kerry Group PLC
  3. 6.4.3 Firmenich SA
  4. 6.4.4 Koninklijke DSM NV
  5. 6.4.5 Tate & Lyle PLC
  6. 6.4.6 Corbion N.V.
  7. 6.4.7 Ingredion, Inc.
  8. 6.4.8 Archer Daniels Midland Company
  9. 6.4.9 Cargill Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS