Meat Ingredients Market Scope
Meat ingredients are used to process the meat. Increasing world population is the major driver for the growth of the global meat ingredients market. The consumption of meat is increasing day by day in developing countries. Rising demand for packaged food has led to significant growth in the market in the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | DuPont ( United States), Firmenich SA (Switzerland), Kerry Group plc (Ireland), Ohly GmbH (Germany), E.I.Du Pont De Nemours and Company (United States), Cargill Inc. (United States), Wiberg Gmbh (Germany), Advanced Food Systems (United States), Campus Srl (Italy) and Redbrook Ingredient (Ireland) |
CAGR | 4.96% |
"According to AMA, the Global Meat Ingredients market is expected to see growth rate of 4.96% and may see market size of USD97.23 Million by 2030."The global market is highly competitive and consists of a limited number of providers competing. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA estimates that United States and European Vendors will contribute to the maximum growth of Global Meat Ingredients market throughout the predicted period.
DuPont ( United States), Firmenich SA (Switzerland), Kerry Group plc (Ireland), Ohly GmbH (Germany), E.I.Du Pont De Nemours and Company (United States), Cargill Inc. (United States), Wiberg Gmbh (Germany), Advanced Food Systems (United States), Campus Srl (Italy) and Redbrook Ingredient (Ireland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Koninklijke DSM NV (Netherlands), Tate & Lyle PLC (United Kingdom), Corbion N.V. (Netherlands), Ingredion, Inc. (United States), Archer Daniels Midland Company (United States) and Wenda Ingredients (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Meat Ingredients market by Type and Region with country level break-up.
On the basis of geography, the market of Meat Ingredients has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In April 2023, ADM and Believer Meats announced a partnership to create novel products made with cultivated meat, including hybrid plant and animal cell options.
In February 2022, Givaudan launched PrimeLock+, a patent-pending, natural, vegan-friendly integrated solution miming animal fat cells, enabling food companies to take plant-based product development and consumer satisfaction to a new level.
Influencing Trend:
Increasing Demand for Processed Food in the Developed Economies
Market Growth Drivers:
Rising Demand for Convenience Foods like Snaks In the Developing Economies and Increasing Awareness About Nutrition and Taste Convergence
Challenges:
Clean Label and Health Concerns
Restraints:
Strict Norms and Regulation by Various Government Organizations
Opportunities:
Increasing Consumption of the Meat has Anticipating the growth of the Market in the Forecast Period
Key Target Audience
Meat Ingredients Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other