Market Leaders - Non-Meat Ingredients Market
The global 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. This market includes a variety of products used by meat processing plants to enhance the quality of various products. Non-meat ingredients can be used for a variety of functions such as water and fat-holding capacity, binding properties, texture modulation, coloring, and taste-enhancing.
The key players in this market include Kerry Group (Ireland), Dow (US), Associated British Foods plc (UK).
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Dow operates 106 manufacturing sites in 31 countries and employs approximately 35,700 people. DuPont is one of the world’s largest producers of chemicals and science-based products. In 2017, the company merged with Dow Chemical, forming a new company called DowDuPont (DWDP), of which DuPont continues to operate as a subsidiary. The company produces food ingredients and additives for use in the food industry. Products are made to enhance the aspects of food production, preservation, texture, and food quality. Each of their food ingredients is made to enhance the texture of food, help preserve food longer, and/or make food healthier for the consumer. The food ingredients made are used in baked goods, meat & meat analogs, vegetarian & vegan products, dairy products, and beverages.
Kerry Group is a leader in taste and nutrition. Over the past four decades, the company focused on changing lifestyles, the globalization of food tastes, and ever-evolving consumer needs. It has a market-leading global position, with operations in more than 150 sites across six continents. The company’s innovate and develop new products through network of Global Technology & Innovation Centers and Regional Development & Applications Centers. These centers house more than 1,100 highly skilled food scientists and nutritionists and a team of market researchers who provide insights to drive product development.
Associated British Foods Plc is into many diversified businesses. The company operates through five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. It operates its businesses through several subsidiaries such AB Agri Ltd (UK), AB Enzymes (Germany), AB Mauri (India), Abitec Corporation (US), Abitec Corporation (UK), ACH Food Companies (US), Allied Mills (Australia), British Sugar (UK), George Weston Foods (Canada), Illovo Sugar (South Africa), Primark (UK), Westmill Foods (UK), PGP International, Inc. (US), SPI Pharma, Inc. (US), and AB Ingredients (UK).ABF Ingredients (ABFI) is a business division of Associated British Foods Plc (UK). It comprises a global community of ingredient companies operating under their identities. The company is mainly involved in the development, production, and marketing of ingredients for a wide range of food, beverage, pharmaceutical, personal care, and other industrial applications.
Related Reports:
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
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