With Rising Demand for Processed Meats, Meat Ingredients Market receives boost

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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Author: Rohit Bhisey

As Head of Marketing at TMR Research, Rohit brings to the table over a decade of experience in market research and Internet marketing. His dedication, perseverance, and passion for perfection have enabled him to achieve immense success in his field. Rohit is an expert at formulating new business plans and strategies to help boost web traffic. His interests lie in writing news articles on technology,healthcare and business.

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