Market Size of Non-Meat Ingredients Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.90 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Non-Meat Ingredients Market Analysis
The global non-meat ingredients market is projected to register a CAGR of 3.9 during the forecast period (2020 - 2025)
- The rise of the paleo diet or the ‘caveman diet’ has also encouraged the consumption of lean meat and meat protein bars across the globe which in turn is accelerating the demand for non-meat ingredients from various food processing industries. For example, in 2016, General Mills acquired meat bar leader, Epic Bar to meet the growing meat snacks consumption across the globe as it perceived to be a healthier alternative by the consumers
- Additionally, startups, such as Omnibar, Kratos, and Caveman Foods, are introducing meaty bars of their own to meet the propelling demand, driving the sales of non-meat ingredients such as flavoring agents, binders, salts and others.
