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Non-Meat Ingredients Market is Predicted to Expand $46.7 billion by 2027

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MnM
Non-Meat Ingredients Market is Predicted to Expand $46.7 billion by 2027

The Non-Meat Ingredients Market is estimated to be valued at USD 36.6 billion in 2021. It is projected to reach USD 46.7 billion by 2027, recording a CAGR of 4.2% during the forecast period.


Functional non-meat ingredients provide unique product effects and/or contribute in their own way to the uniqueness and enhanced properties of processed meat products. The product properties that result from adding non-meat ingredients are likely to be altered if these ingredients are reduced or eliminated. Most functional non-meat ingredients have more than one role in processed meat; minute changes in their quantities can alter the properties of the products, making them an essential part of most processed meats.


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The flavoring segment, by ingredient dominates the market in terms of value.”


In terms of value, the flavoring agents segment is estimated to dominate the market for non-meat ingredients in 2022. Flavoring agents, in their native form, are more suited for ready-to-eat food product applications and are thus gaining a significant level of importance, especially in Asia Pacific. The blending properties of non-meat ingredients are the best among all ingredients since they enhance the taste and flavor of food & beverages.


The pork segment, by meat type dominates the market in terms of value.


The pork segment is expected to account for the largest share of the non-meat ingredients market, by meat type, in 2022. Also, the poultry segment is projected to grow at the highest CAGR during the forecast period. The dominance of pork can be attributed to the continued usage of non-meat ingredients in a diverse range of meat processing applications.


“North America is the fastest growing region.”


Innovations, consumer health, and the busy lifestyles of people are the main drivers for the Non-meat ingredients industry in North America. Factors considered as the main drivers include urbanization taking place at a rapid pace, the changing dietary patterns of people as they are moving from fresh meat to processed meat, rise in the per capita income, and the growing population.


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The key players in this market include Kerry Group (Ireland), Dow (US), Associated British Foods plc (UK), Wiberg GmbH (Austria), Essentia Protein Solutions (US), Advanced Food Systems (US), Ingredion (US), and ADM (US).




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