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Non-meat Ingredients Market is Projected to Reach $51.1 billion by 2029

03-26-2024 12:11 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Markets and Markets

Non-meat Ingredients Market is Projected to Reach $51.1 billion

The global non-meat ingredients market is experiencing significant growth, as outlined in a recent research report by MarketsandMarkets. Valued at USD 41.2 billion in 2024, the market is projected to reach USD 51.1 billion by 2029, showcasing a robust compound annual growth rate (CAGR) of 4.4% during the forecast period. Non-meat ingredients are proving to be essential in differentiating meat products in a competitive market landscape, providing manufacturers with the tools to create unique flavors and textures.

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Innovative flavoring agents are enabling manufacturers to infuse meat products with distinct taste profiles, catering to a diverse range of consumer preferences. Whether it's the smoky allure of barbecue, the tang of garlic, or the kick of chipotle, these agents elevate meat products to culinary delights. Additionally, non-meat ingredients such as preservatives extend the shelf life of meat products, ensuring freshness and quality while reducing food waste, thus aligning with sustainability objectives.

Texturizing agents play a pivotal role in manipulating the mouthfeel of meat products, allowing manufacturers to craft products that satisfy various sensory preferences, from juicy tenderness to firm chewiness. By embracing non-meat ingredients, manufacturers can offer a wide array of options, fostering brand loyalty and driving demand for further innovation in the industry.

The report highlights the fresh meat segment as the largest throughout the forecast period, driven by consumer preferences for protein source, quality, food safety, and reliability. Despite the emergence of processed meat technology, consumer demand for fresh meat remains high due to preferences for natural, unprocessed products without additives.

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In the Asia Pacific region, the burgeoning fast-food culture, coupled with the expansion of Quick Service Restaurants (QSRs), is fueling the demand for processed meat products and non-meat ingredients. Western influences on dietary preferences have led to increased consumption of European cuisines, further boosting the demand for non-meat ingredients in products like burgers, meatballs, and sausages.

Key players in the market include Kerry Group plc., Ingredion, Associated British Foods plc, International Flavors & Fragrances Inc., ADM, Cargill, Incorporated, BASF SE, and DSM. These companies play a crucial role in driving innovation and meeting the evolving needs of consumers in the non-meat ingredients market.

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/functional-non-meat-ingredients-market-74113633.html

Browse Other Food & Beverages Industry Reports:

Cultured Meat Market Size, Share, Share, Industry Growth, Trends Report by Source (Poultry, Beef, Seafood, Pork, Duck), End Use (Nuggets, Burgers, Meatballs, Sausages, Hot Dogs), and Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) - Global Forecast to 2034
https://www.marketsandmarkets.com/Market-Reports/cultured-meat-market-204524444.html

Antifreeze Proteins Market by Type (Type I, Type III, Antifreeze Glycoproteins), End-use (Medical, Cosmetics, Food), Source (Fish, Plants, Insects), Form, and Region(North America, Europe, Asia Pacific, South America, RoW) - Global Forecast to 2028
https://www.marketsandmarkets.com/Market-Reports/antifreeze-protein-market-264931272.html

Meat Substitutes Market Size, Share, Industry Growth, Trends Report by Product (Tofu, Tempeh, Textured Vegetable Protein, Seitan, Quorn and Other Product), Source (Soy Protein, Wheat Protein, Pea Protein and Other Sources), Types ( Concentrates, Isolates and Textured), Form (Solid, Liquid), Category (Frozen, Refrigerated and Shelf Table) and Region (North America, Europe, Asia Pacific, Rest of the World) - Forecast 2027
https://www.marketsandmarkets.com/Market-Reports/meat-substitutes-market-979.html

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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