Binders and Scaffolders for Meat & Meat Substitutes Market

Market Leader - Binders and Scaffolders for Meat & Meat Substitutes Market

The global meat binders market is estimated to be valued at USD 3.7 billion in 2021. It is projected to reach USD 4.2 billion by 2026, recording a CAGR of 2.6% during the forecast period. The increasing demand for meat products like beef, pork, and poultry has been a major driver for the global meat binders market.

Key players in this market include ADM, Dupont, Kerry, Ingredion, and Roquette Frères

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The global cultured meat market is estimated to be valued at USD 214.0 million in 2025. It is projected to reach USD  593.0 million by 2032, recording a CAGR of 15.7% during the forecast period. The increasing demand for non-meat and greener alternatives has been a major driver for the global cultured meat market. Increasing demand for global cultured meat over the forecast period is expected to drive the growth of the scaffolders market over the same period.

Key players in the scaffolders market include DaNagreen, Memphis Meat, Mosa Meat, and Matrix Meats

Ingredion Incorporated, formerly known as Corn Products International, Inc., is one of the leading providers of ingredient solutions to the food, beverage, brewing, health & nutrition, personal care, animal nutrition, and pharmaceutical industries, including various industrial sectors. The company operates through five business segments, namely, food, beverages, animal nutrition, brewing, and others. It offers functional food ingredients under its food, beverage, and brewing segments. The company also offers a variety of value-added ingredients, such as protein ingredients, clean and simple ingredients, prebiotics, and fiber. Ingredion operates through 43 processing and manufacturing facilities across North America, South America, Asia Pacific, Europe, the Middle East, and Africa. Its subsidiaries include Corn Products Germany GmbH (Germany), Corn Products Espana, S.L. (Spain), and National Starch & Chemical Ltd. (Thailand).

Kerry Group engages in the manufacturing and marketing of food ingredients and flavors for food, beverage, and pharmaceutical industries. The company operates through two business segments, namely, taste and nutrition and consumer foods. Kerry offers a wide array of hydrocolloids, such as carrageenan and gum arabic to food manufacturing centers and markets, globally. The company provides over 15,000 food ingredients and flavor products to more than 140 countries in Europe, Asia Pacific, North America, and South America. The company is continually involved in the acquisition of leading companies that focus on mainstream products to become a principal food specialist for food ingredients in Europe and Americas. The company intends to target Asian and American markets to expand its global network. It has also invested in new facilities to increase its production to meet the customers’ demand.

SuperMeat is a biotech and food-tech start-up working on the development of clean chicken products from culturing cells. The company’s clean meat is produced by using a small tissue sample extracted painlessly from chicken. It has collaborated with experts from the pharmaceutical industry to develop cost-efficient and animal-friendly meat products. In 2016, the company launched a crowdfunding campaign on Indiegogo, which raised an amount of USD 230,000 in 2017. Furthermore, at the beginning of 2018, it raised USD 3.0 million through seed funding. This round of funds was dominated by investors, such as New Crop Capital (US) and Stray Dog Capital (US). In January 2018, the company entered into a strategic partnership with PHW-Gruppe LOHMANN & CO. AG (Germany), a leading poultry producer in Europe, which is also an equity investor in the company. The company is expected to bring its cultured meat products on the shelves in the next three years, directly in line with its competitor’s (Memphis Meats) time frame.

Ohio-based Matrix Meats started its operations in 2019, and by the end of the year 2020, it had earned a revenue of USD 267,489. It was formed as a result of a joint venture between Nanofiber Solutions and Ikove Capital. The startup develops a customizable nanofiber scaffold system, tipped as a drop-in solution that gives the final product authentic texture and structure, with the option of adding flavor.

Memphis Meats is a leading company engaged in the R&D of cultured meat directly from animal cells. In August 2017, the company raised USD 17.0 million (Series A round) from Draper Fisher Jurvetson (US), a leading venture capital firm; Bill Gates; Richard Branson; and Atomico (UK), one of Europe’s largest venture capital firms. In 2017, Cargill made an undisclosed investment in Memphis Meats, making its entry in the nascent technology of culturing meat from animal cells.

Related Reports:

Binders and Scaffolders for Meat & Meat Substitutes Market by Type (Binders For Meat & Meat Substitutes, Scaffolders For Cultured Meat), Application (Meat Products, Meat Substitutes, Cultured Meat), Meat Type, & Region - Global Forecast to 2026 and 2032

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Binders and Scaffolders for Meat & Meat Substitutes Market Size,  Share & Growth Report
Report Code
FB 8020
RI Published ON
12/8/2021
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