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

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.

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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.

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