Non-Meat Ingredients Market Regional Analysis and Forecast by 2027
The Non-Meat Ingredients Market is estimated to be valued at USD 36.6 billion in 2021. It is projected to reach USD 46.7 billion by 2027, recording a CAGR of 4.2% during the forecast period.
Functional non-meat ingredients provide unique product effects and/or contribute in their own way to the uniqueness and enhanced properties of 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. Most functional non-meat ingredients have more than one role in processed meat; minute changes in their quantities can alter the properties of the products, making them an essential part of most processed meats
“North America is the fastest growing region.”
Innovations, consumer health, and the busy lifestyles of people are the main drivers for the Non-meat ingredients industry in North America. Factors considered as the main drivers include urbanization taking place at a rapid pace, the changing dietary patterns of people as they are moving from fresh meat to processed meat, rise in the per capita income, and the growing population.
Asia-Pacific accounted for the largest market share of 36.9% in 2021
In 2021, Asia Pacific is expected to account for the largest share of the non-meat ingredients market in 2021, and this trend is expected to continue during the forecast period. The large share of this region is attributed to the large-scale meat production and consumption of non-meat ingredients in meat products and various other food applications.
The key players in this market include Kerry Group (Ireland), Dow (US), Associated British Foods plc (UK), Wiberg GmbH (Austria), Essentia Protein Solutions (US), Advanced Food Systems (US), Ingredion (US), and ADM (US).
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