Non-Meat Ingredients Market Share Expecting Tremendous Growth, Will Reach USD 52.69 Billion By 2030: Polaris Market Research
According to the research report published by Polaris Market Research, the global non-meat ingredients market was valued at USD 36.76 billion in 2021 and is expected to reach USD 52.69 billion by 2030, growing at a CAGR of 4.3% during the forecast period.
Non-meat ingredients are ingredients used to process meat-related food products. Soy protein, starch protein, milk protein, and extenders are some of the examples of non-meat ingredients which are derived from plants, animals, and synthetic origins. These ingredients are used to enhance the texture, volume, flavor, and other properties of processed meat food. Non-Meat ingredients are used by manufacturers to increase their products’ shelf life and stability.
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Non-meat ingredients are used in products like processing raw, partially cooked, fully cooked, ready-to-eat, fermented, dried, marinated, and dry-cured products to obtain desirable properties. The high demand for convenience food products and growing consumer awareness is a significant factor that drives the demand for non-meat ingredients over the years. The increasing consumption of convenience food globally is expected to propel the growth of the non-meat ingredients market.
Non-Meat Ingredients Market: Growth Drivers
Growing consumption of convenience food globally is anticipated to accelerate the growth of the non-meat ingredients market during the forecast period. The per capita consumption of convenience food in developing nations such as China and India is also driving the market’s growth. Rapid consumption of fast food, rise in disposable income, and increasing middle-class aspirational investments are the key factors flourishing the market growth.
Moreover, urbanization and the adoption of an individualism culture are fueling the demand for processed food products. The processed food products industry majorly uses non-meat ingredients, which is further expected to promote the growth of the non-meat ingredients market. Growing health concerns, increasing health and fitness consciousness, and shifting lifestyle and food preferences are further expected to propel the market’s expansion. A surge in investments in research and development also accelerates market growth.
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Non-Meat Ingredients Market: Report Segmentation
Insights by ingredients
Based on ingredients, the flavoring agents segment witnessed the significant share in 2021 in non-meat ingredients market. This revenue growth can be attributed to the rising awareness regarding nutrition among consumers, growing demand for convenience and on-the-go meal options, and rising disposable income.
Insights by product, fresh processed meat led the market with a significant share in 2021 due to the growth in consumption of nutritious food products across the globe. Also, fluctuating lifestyles, along with the increasing disposable income of consumers, are some of the key factors driving the growth of the segment.
Geography Overview: Non-Meat Ingredients Market
Depending on geography, North America is expected to fuel the growth of the non-meat ingredients market. This can be attributed to the rapid demand for non-meat ingredients in North America. Growing urbanization, rising R&D activities, as well as the presence of leading market players, and technological developments in North America are flourishing the market’s expansion in the region.
Moreover, the Asia Pacific region is expected to create lucrative growth opportunities for industry players in non-meat ingredients during the projected period. Then, rising adoption of modern lifestyle and food eating habits coupled with increasing disposable income of consumers are propelling the growth of the industry. Major players in the region are focusing on developing their business, which is another crucial factor augmenting the demand for non-meat ingredients market.
Some of the major players operating in the global market include Aliseia SRL, Advanced Food Systems, Archer Daniels Midland Company, Associated British Foods Plc, BASF SE, Campus SRL, Dow, DuPont de Nemours Inc, Essentia Protein Solutions, General Mills, Kerry Group Plc, Koninklijke Dsm N.V, Redbrook Ingredient Services Limited, Wenda Ingredients, and Wiberg GmbH among others.
In June 2020, Essentia Protein Solutions announced the launch of a new functional hybrid for their range of ingredients. These new products consist of pea protein and functional pork. The plan is to use this product to target consumers who want to follow a partially plant-based diet while keeping the flavors, the bite, and the nutritional values of animal-based proteins.
Non-Meat Ingredients Market: By Ingredient Outlook
- Texturing Agents
- Flavouring Agents
- Colouring Agents
- Preservatives and Salts
Non-Meat Ingredients Market: By Meat Outlook
Non-Meat Ingredients Market: By Product Outlook
- Raw Fermented Meat
- Pre-Cooked Meat
- Fresh Processed Meat
- Raw-Cooked Meat
- Cured Meat
- Dried Meat
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Non-Meat Ingredients Market: By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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