Tag: Meat Ingredients Market

At present, excessive demand for processed meat to cater to busy lifestyles is one of the key factors stoking demand for meat ingredients. Besides this, ever-increasing demand for convenience foods is another key factor behind growth of meat ingredients market. Rising disposable incomes and rising economic prosperity in developing countries is driving sales of processed and ready-to-eat meats, thereby benefitting the meat ingredients market. This is a key reason Asia Pacific will account for substantial revenue in the meat ingredients market in the forthcoming years.

Meat ingredients are used to enhance the taste, texture, and shelf life of meat. Meat ingredients are used to add final touches of improvement to prepared foods. Some key types of meat ingredients are binders, coloring agents, extenders, preservatives, salts, and fillers that are used in beef, pork, chicken, mutton, and other types of meat.

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Addition of certain chemicals to meat ingredients is hampering their sales. Stringent regulations by FDA and other regulatory agencies keep a check on use of chemicals to food ingredients if they are fit for use. In particular, these regulations are impacting demand of processed foods such as poultry and processed meats. This, in turn, is negatively impacting meat ingredients market.

New Product Launch, Synergy for Partnerships focus of Prominent Players

The meat ingredients market features a highly fragmented business landscape due to the presence of a large number of small and mid-sized players. New product launch, synergy for partnerships, and mergers and acquisitions is what keen players are focused on to continue their dominance in the meat ingredients market. The acquisition of Campus SRL by Firmenich SA – a key player in the meat ingredients market – helped the latter to gain a leading position.

Some other key players in the meat ingredients market are Kerry Group plc, Tate & Lyle plc, DuPont, and Koninklijke DSM NV among others.

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Meat refers to flesh of animal, which is eaten as food. Human beings have hunted down and killed animals for consumption since time immemorial. With the emergence of civilizations across the globe, domestication of various animals such as cattle, pigs, rabbits, sheep, and chicken have gained popularity. Meat ingredients are utilized in altering the properties and characteristics of various meat items. Changing the properties, meat products acquire unique features.  Meat ingredients also add to the characteristics of processed meat items and these properties are likely to be altered if the elements are unused or diminished, making them an essential part of most of the processed meat items. The global meat ingredients market is estimated to witness rapid growth owing to the growing popularity of the product within the meat industry.

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Rapid changes are taking place in the global meat ingredients market. The consistent rate of growth is influencing the market substantially. Meat ingredients improve the taste, texture, and shelf life of the meat. These ingredients are essential in adding final improvement to a preparation or a product. Significance of these ingredients is estimated to propel growth of the global meat ingredients market in the years to come. Fillers, preservatives, salts, coloring agents, extenders, and binders are few of the significant types of meat ingredients. Mutton, pork, beef, chicken, and other types of meat make use of these ingredients.

Fast-Paced Life to Bolster Demand in the Market

There has been a rise in the consumption of processed meat in the hectic and fast-paced life of people, which is likely to support the growth of the global meat ingredients market in the years to come. Besides, the augmented demand for convenient food items is likely to drive the demand for meat ingredients in the years to come. Strict regulations by food and drug administration (FDA) are likely to act as a deterrent for the development of the global meat ingredients market in the near future. These regulations are negatively impacting the demand for the various types of processed food items such as poultry and processed meat items.

These days, certain chemicals are added to improve the taste and texture of meat products, which further restricts the demand for meat ingredients. In addition to that, demand for clean labels and quality of standards could also influence the expansion of the global meat ingredients market. However, technological progress made in the meat ingredient sector is estimated to propel growth of the global meat ingredients market in the years to come.

Driven by Food Processing Sectors, Asia Pacific to Register High Growth

Asia Pacific is likely to emerge as one of the leading and rapidly growing region in the global meat ingredients market over the tenure of assessment, from 2019 to 2029. The growth of the market is primarily estimated to be driven by the storage and food processing sectors, particularly in countries like China, South Korea, Japan, and India. Different types of flours are mainly utilized in the extended traditions meat items in Asia Pacific.

In Africa, the main traditional meat processing procedures are smoking, drying, and salting. Mutton and chicken variants in the processed meat products are gaining popularity in India as well, which is likely to support growth of the meat ingredients market in the region.

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New Product Launches to Shape Contours of the Market

Some of the leading industry players found in the global meat ingredients market comprise Redbrook Ingredient Services Ltd, Kerry Group plc, Proliant Meat Ingredients, E.I.du Pont de Nemours and Company, Advanced Food Systems Inc., and Wiberg GmbH. The global meat ingredients market is extremely fragmented in nature. Several manufacturers in the market are competing in this industry. The manufacturers extremely focused on launch of various new product. In addition, partnerships and mergers and acquisitions also play an important role in reinforcing continued dominance of the players.