The report “Non-Meat Ingredients Market by Ingredient (Binders, Extenders, Fillers, Coloring & Flavoring Agents, Salts & Preservatives), Type (Beef, Pork, Mutton, Poultry), Product, source (plant, chemical, animal ) & Region – Forecast to 2027″, 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
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=74113633
Opportunities: Exploring Technological Advancements to Develop New Product Lines
The global non-meat ingredients market is growing as the demand for processed meat products from developed economies has increased. The main reason behind the substantial growth of the functional non-meat ingredients market is the changing consumer attitude toward the consumption of processed meat products.
Challenges: Increasing demand for meat substitutes
International issues related to meat production and processing are affecting the consumption. Incidences such as outbreaks of livestock diseases and horse meat related scandals are creating a negative impact on the minds of meat consumers. These incidences have led to a change in consumer preferences toward meat substitutes over meat or processed meat products.
Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=74113633
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).
