Meat Ingredients Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Global Meat Ingredients Market is segmented by Ingredient as Binders, Extenders, Fillers, Coloring Agents, Flavoring Agents, Preservatives, Texturing Agents, Salts, and Geography.

Market Snapshot

meat ingredients market
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 5.12 %

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Market Overview

The Global Meat Ingredient Market is projected to register a CAGR of 5.12% during the forecast period (2022 - 2027).

The COVID-19 pandemic affected the parent industry of meat in myriad ways. On the supply side, it disrupted global supply chains and caused plant shutdowns, especially in the North American region. However, on the demand side, consumers are eating more meat as a result of a significant working population still staying at home, at least in the early part of 2021. This has had an impact on the underlying market of meat ingredients.

From a medium- to long-term perspective, 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

Meat Ingredients are defined for the scope of this report as ingredients used in the preparation of processed meat forms. The market operates on a B2B level. The market is segmented by type of ingredient 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.

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
Spain
Italy
Russia
Rest of Europe
Asia-Pacific
China
India
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

Meat Extenders Segment Exhibit High Growth

Meat extenders are plant-origin ingredients that have a combination of carbohydrates, proteins, and other nutrients and are used to enhance the nutritional and functional properties of meat products. In addition to the nutritional value of these ingredients, meat extenders are also increasingly being adopted due to their reduced environmental footprint. Pulses are one of the commonly used meat extenders, which are used as extenders due to their ability to form complex networks with meat molecules. With an increasing focus on cultured meat, various types of extenders would find increasing uses. Over the forecast period, this segment is expected to expand at a robust growth rate.

Meat Ingredients Market - Projected CAGR, by Ingredient Type

Asia-Pacific Holds the Largest Market Share

Asia-Pacific was estimated to be the largest market for meat ingredients, in 2021. This region is projected to be the fastest-growing market, with a robust 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.

Meat Ingredients Market - Market Size by Region

Competitive Landscape

The Global Meat Ingredients Market is moderately fragmented with the top 10 players occupying a major share of the market, along with the presence of many regional and country-level players. The key players in the meat ingredients market include International Flavors & Fragrances, Inc., Kerry Group plc, Firmenich SA, Givaudan, ADM, among others. Apart from new product launches, companies are increasingly resorting to inorganic means of expansion such as Mergers & Acquisitions, and Collaborations. 

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porters Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 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 Spain

        5. 5.2.2.5 Italy

        6. 5.2.2.6 Russia

        7. 5.2.2.7 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 India

        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. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Strategy Adopted by Key Players

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 International Flavors & Fragrances, Inc.

      2. 6.3.2 Kerry Group plc.

      3. 6.3.3 Firmenich SA

      4. 6.3.4 Archer Daniels Midland Company

      5. 6.3.5 Givaudan SA

      6. 6.3.6 Koninklijke DSM NV

      7. 6.3.7 Tate & Lyle PLC

      8. 6.3.8 Corbion N.V.

      9. 6.3.9 Ingredion, Inc.

      10. 6.3.10 Cargill Inc.

  7. 7. IMPACT OF COVID-19 ON THE MARKET

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Meat Ingredients Market market is studied from 2016 - 2026.

The Meat Ingredients Market is growing at a CAGR of 5.12% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

International Flavors & Fragrances, Inc., Kerry Group plc., Firmenich SA, Archer Daniel Midland Company, Givaudan SA are the major companies operating in Meat Ingredients Market.

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