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The non-meat ingredients global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Non-Meat Ingredients Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The non-meat ingredients market size has grown strongly in recent years. It will grow from $40.8 billion in 2023 to $42.88 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to rise in vegetarian and vegan diets, growing environmental concerns, expansion of meat substitutes market, research and development in food industry, cultural and ethnic influences..
The non-meat ingredients market size is expected to see strong growth in the next few years. It will grow to $53.58 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to consumer education and awarenes, retail and foodservice trends, global expansion of plant-based diets, regulatory support and guidelines, clean label and natural food demand.. Major trends in the forecast period include rise in plant-based diets, demand for clean label products, health and wellness focus, sustainability and environmental concerns, innovation in meat substitutes, regulatory changes and health guidelines..
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Scope Of Non-Meat Ingredients Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Non-Meat Ingredients Market Overview
Market Drivers –
The rising consumption of convenience food is expected to propel the growth of the non-meat ingredients market. Convenience foods refer to processed food products that require less time to prepare prior to consumption. They include ready-to-eat food products, packaged foods, and preserved foods. Increasing preferences towards convenience foods are expected to increase the utilization of non-meat ingredients, as it improves the flavor and color of the meat product, in addition to other functional and textural aspects. For instance, in September 2023, according to the Connected Dining: Ready-to-Eat Meals Are Eating Restaurants’ Lunch report published by PYMNTS, a US-based news and analysis company in payments, retail, fintech, financial services, and the digital economy, 37% of consumers aim to opt for consumption of ready-to-eat meals out of 2,400 US consumers. Due to the affordability of prepared meals. Therefore, an rising consumption of convenience food will drive the non-meat ingredients market.
Market Trends –
Technological advancement is a key trend in the non-meat ingredients market. Advanced specialized food ingredients play an important role in the food value chain. These innovative ingredients ensure that the food remains safe, healthful, nutritious, and convenient. Major players operating in non-meat ingredients are focused on developing advancements in non-meat ingredients to strengthen their market position. For instance, in March 2023, Kerry Group plc, an Ireland-based public food company providing taste and nutrition innovation, presented SucculencePB, a revolutionary approach to plant-based meat substitutes that replicates the succulent, juicy flavor of meat that consumers around the world enjoy. Along with offering a significantly better nutritional profile and environmental impact, SucculencePB also addresses the issue of dry mouth in cooked plant-based meat substitutes, which is crucial. Customers will love the authentic, succulent, and meat-like sensation that is produced by this plant-based eating experience.
The non-meat ingredients market covered in this report is segmented –
1) By Ingredient: Binders, Fillers, Extenders, Flavoring Agents, Coloring Agents, Preservatives, Salts, Texturing Agents
2) By Product Type: Fresh Processed Meat, Raw-Cooked Meat, Pre-Cooked Meat, Raw Fermented Sausages, Cured Meat, Dried Meat
3) By Source: Chemical substances, Plant origin, Animal origin
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Regional Insights –
North America was the largest region in the non-meat ingredients market in 2023. Asia-Pacific is expected to be the fastest-growing region in the non-meat ingredients market during the forecast period. The regions covered in the non-meat ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the non-meat ingredients market report are Associated British Foods plc, BASF SE, Kerry Group plc, The Dow Chemical Company, Essentia Protein Solutions Holdings., Advanced Food Systems Inc., Wiberg GmbH, DuPont de Nemours Inc., Archer-Daniels-Midland Company, Koninklijke Dsm N.V, Ingredion Incorporated, Campus SRL, Aliseia SRL, Redbrook Ingredient Services Limited, Wenda Ingredients, General Mills Inc., Cargill Incorporated, Roquette Frères S.A., Emsland Group, Axiom Foods Inc., MGP Ingredients Inc., Beneo GmbH, Global Bio-chem Technology Group Company Limited, Glanbia plc, Avebe U.A., The Scoular Company, A&B Ingredients Inc., Fiberstar Inc., Cosucra Groupe Warcoing SA, Tereos S.A., Agridient Inc., Burcon NutraScience Corporation, AIDP Inc., Nutriati Inc., Amino GmbH, The Green Labs LLC, Sotexpro SAS, Gold Coast Ingredients, Hydrosol GmbH & Co. KG, Suedzucker AG, Nutra Food Ingredients LLC .
Table of Contents
1. Executive Summary
2. Non-Meat Ingredients Market Report Structure
3. Non-Meat Ingredients Market Trends And Strategies
4. Non-Meat Ingredients Market – Macro Economic Scenario
5. Non-Meat Ingredients Market Size And Growth
…..
27. Non-Meat Ingredients Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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