Meat Ingredients Market Size

Meat Ingredients Market Analysis

The Meat Ingredients Market size is estimated at USD 9.09 billion in 2024, and is expected to reach USD 11.75 billion by 2029, growing at a CAGR of 5.25% during the forecast period (2024-2029).

• The global meat ingredients market was valued at USD 7,835.4 million in the current year. One of the primary factors driving the meat ingredients market is the increasing demand for processed meat products across the regions. Meat ingredients give processed meat products special enhanced qualities.
• The need for meat extenders is rapidly increasing. Meat extenders are plant-based substances that include a blend of carbohydrates, proteins, and other nutrients and are used to improve the nutritional and functional qualities of meat products. Aside from the nutritional value of these components, meat extenders are becoming more popular due to their lower environmental impact. As a result, the meat ingredients market is growing at a steady growth rate.
• From a medium- to long-term perspective, the meat ingredients market is growing rapidly. A significant factor propelling this market is the high demand for convenience foods, such as instant meat-based 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 hinder 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 are hindering the growth of processed food, mainly processed meat and poultry, in the countries.