The non-meat ingredients market is projected to reach a value of USD 35,276.0 Million in 2020, at a CAGR of 3.7%
The non-meat ingredients market is estimated to be valued at USD 29,391.8 Million in 2015 and is projected to reach a value of USD 35,276.0 Million in 2020, at a CAGR of 3.7%. In terms of volume, the non-meat ingredients market is projected to reach 5,683.5 KT by 2020, at a CAGR of 1.4% from 2015 to 2020. The Asia-Pacific market is projected to grow at a CAGR of 5.2% in terms of value, during the forecast period, due to the increase in the per capita meat consumption as well as processed meat industries in developing countries such as China, India, Vietnam, Thailand, and Japan. The base year considered for the study is 2014, and the forecast period is from 2015 to 2020.
The primary factor driving the non-meat ingredients market is the rise in the increasing demand for processed meat products, globally. Non-meat ingredients provide unique enhanced properties to 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.
The demand for meat ingredients growing globally, particularly in the processed meat industry. The demand is governed by the performance quality, their incorporation in food processing, and regulations imposed by international and local governments.
The rise in the food processing and meat industries, especially in developing regions such as Asia-Pacific, Middle East, and African countries, is estimated to drive the market for non-meat ingredients. This has resulted in increasing focus of key non-meat ingredients manufacturers on providing superior quality and multi-functional non-meat ingredients using advanced technologies. This will influence the non-meat ingredients market size both in terms of volume as well as value.
The non-meat ingredients market is segmented on the basis of ingredients into binders, extenders & fillers, coloring agents, flavoring agents, salts & preservatives, and others (anti-microbial, anti-oxidants, enzymes, and acidifiers). The market is segmented on the basis of meat type into beef, pork, mutton, poultry, and others (horse, camel, yak, and rabbit).
The non-meat ingredients market is fragmented and competitive, with a large number of players operating at regional and local levels. The key players in the market adopted acquisition, new product development, and expansion as their preferred strategies. Prominent players such as Kerry Group plc (Ireland), Ohly GmbH (Germany), E. I. du Pont de Nemours and Company (U.S.), and Prolient Meat Ingredients (U.S.) have been profiled in the report.Target Audience:
The stakeholders for the report include:
- Non-meat ingredients manufacturers
- Meat systems solution providers
- Technology and equipment providers
- Raw material suppliers
- Private utility players
- Distribution consultancies
- Government and research organizations
- End users (food & beverage and nutraceutical industries)
“The study answers several questions for stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.”
Scope of the Report
This report provides both qualitative and quantitative analyses of the non-meat ingredients market, the competitive landscape, and the preferred development strategies of key players. The key players preferred acquisitions, new product launches, joint ventures, agreements, and expansions & investments as strategies to gain a larger share in the market. The report also analyzes the market dynamics and market share of leading players.
On the basis of Ingredient, the non-meat ingredients market is segmented as follows:
- Extenders & fillers
- Coloring agents
- Flavoring agents
- Salts & preservatives
- Others (anti-microbial, anti-oxidation, enzymes, and acidifiers)
On the basis of Meat, the non-meat ingredients market is segmented as follows:
- Others (horse, camel, yak, and rabbit)
On the basis of Product Type, the non-meat ingredients market is segmented as follows:
- Fresh processed
- Raw fermented sausages
- Cured & dried
- Others (sun dried, minced, and ground meat)
On the basis of Region, the market is segmented as follows:
- North America
- Latin America
- RoW (Middle East and Africa)
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