Non-meat Ingredients Market

Non-meat Ingredients Market Size & Share - Future Growth Expectations

The non-meat ingredients market is poised for substantial expansion, projected to reach a value of USD 51.1 billion by 2029, up from USD 41.2 billion in 2024, with a promising Compound Annual Growth Rate (CAGR) of 4.4%. The surge in global meat consumption, driven by population growth and urbanization, has prompted meat producers to meet escalating demand while ensuring product quality and safety. Non-meat ingredients play a crucial role in this pursuit by improving sensory attributes, texture, flavor, and shelf-life of meat products.

The non-meat ingredients market is poised for substantial growth in the coming years, driven by several key factors:

  • Continued expansion driven by increasing demand for plant-based and sustainable food options.
  • Growth of clean label and natural ingredients.
  • Rising interest in novel protein sources such as algae and insects.
  • Innovation in meat substitutes and analogs.
  • Expansion of non-dairy alternatives in the food industry.
  • Emphasis on health and wellness driving demand for functional ingredients.
  • Adoption of sustainable and ethically sourced ingredients.
  • Market penetration in emerging economies with growing consumer awareness.
  • Regulatory support and incentives for plant-based and sustainable food production.

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Future growth expectations for the Non-meat Ingredients Market are robust, driven by several key factors that are anticipated to shape the industry's trajectory in the coming years:

  • Increasing Demand for Plant-Based and Sustainable Food Options: Consumer preferences are shifting towards plant-based and sustainable food options, driven by concerns about health, animal welfare, and environmental sustainability. Non-meat ingredients, including plant-based proteins, are positioned to capitalize on this trend as consumers seek alternatives to traditional meat products.
  • Growth of Clean Label and Natural Ingredients: Consumers are increasingly seeking foods made with clean label and natural ingredients, free from artificial additives and preservatives. Non-meat ingredients that are perceived as natural, minimally processed, and sustainably sourced are expected to experience strong demand as consumers prioritize transparency and health-conscious choices.
  • Rising Interest in Novel Protein Sources: As the search for sustainable protein sources intensifies, there is growing interest in novel ingredients derived from sources such as algae, insects, and fungi. These alternative protein sources offer nutritional benefits and environmental sustainability, driving innovation and product development in the non-meat ingredients market.
  • Innovation in Meat Substitutes and Analogs: The development of meat substitutes and analogs is expected to drive growth in the non-meat ingredients market. These products aim to replicate the taste, texture, and nutritional profile of meat using plant-based ingredients such as soy, peas, and wheat gluten. Advancements in food technology and formulation techniques are expected to lead to the creation of more convincing and appealing meat alternatives.
  • Expansion of Non-Dairy Alternatives: The growing demand for non-dairy alternatives, driven by factors such as lactose intolerance and the popularity of plant-based diets, is expected to fuel growth in the non-meat ingredients market. Non-dairy alternatives, including plant-based milks, cheeses, and yogurts, are increasingly used as ingredients in a wide range of food products, driving demand for non-dairy ingredients.
  • Emphasis on Health and Wellness: Consumer interest in health and wellness is expected to drive demand for functional non-meat ingredients that offer additional nutritional benefits. Ingredients such as probiotics, prebiotics, and plant extracts with health-promoting properties are anticipated to gain traction as consumers seek foods that support their overall well-being.
  • Adoption of Sustainable and Ethically Sourced Ingredients: Sustainability and ethical considerations are becoming increasingly important factors in purchasing decisions. Non-meat ingredients that are sustainably sourced, environmentally friendly, and produced under ethical labor practices are expected to resonate with consumers who prioritize sustainability and social responsibility.
  • Market Penetration in Emerging Economies: The non-meat ingredients market is expected to penetrate emerging economies with growing consumer awareness of health and sustainability issues. As incomes rise and urbanization increases, consumers in these regions are expected to seek out healthier and more sustainable food options, driving demand for non-meat ingredients.
  • Regulatory Support and Incentives: Governments and regulatory bodies are increasingly supporting plant-based and sustainable food production through policies and incentives. This includes initiatives to promote the use of non-meat ingredients in food products, as well as subsidies and grants for research and development in the non-meat ingredients sector.

Overall, the future growth prospects for the Non-meat Ingredients Market are promising, driven by evolving consumer preferences, technological advancements, and regulatory support for plant-based and sustainable food production. As the demand for healthier, more sustainable food options continues to rise, the non-meat ingredients market is expected to play a key role in shaping the future of the food industry.

Non-meat Ingredients Market Share - Global Industry Landscape

The non-meat Ingredients market is characterized by the presence of several key players competing for market share. Some of the leading companies in the non-meat Ingredients industry include:

  • Kerry Group plc. (Ireland)
  • Ingredion (US)
  • Associated British Foods plc (UK)
  • International Flavors & Fragrances Inc. (US)
  • ADM (US)
  • Cargill, Incorporated (US)
  • BASF SE (Germany)
  • DSM (Netherlands)

These companies, along with several others, collectively shape the global non-meat Ingredients industry landscape. Market dynamics are influenced by factors such as technological innovation, regulatory compliance, strategic partnerships, and market consolidation. As the demand for non-meat Ingredients continues to rise, companies are expected to intensify their efforts to capture market share and drive innovation in non-meat Ingredients discovery, development, and commercialization.

Kerry Group plc. (Ireland):

  • Market Share: Kerry Group plc. holds a significant share in the non-meat ingredients market, offering a wide range of innovative solutions and ingredients for food manufacturers.
  • Key Offerings: Plant-based proteins, flavor enhancers, texture modifiers, clean label ingredients.

Ingredion (US):

  • Market Share: Ingredion is a major player in the non-meat ingredients market, providing a diverse portfolio of starches, sweeteners, and texturizers for food and beverage applications.
  • Key Offerings: Starches, sweeteners, texturizers, plant-based proteins.

Associated British Foods plc (UK):

  • Market Share: Associated British Foods plc is a key player in the non-meat ingredients market, offering a range of ingredients and additives for food manufacturers.
  • Key Offerings: Emulsifiers, stabilizers, enzymes, specialty ingredients.

International Flavors & Fragrances Inc. (US):

  • Market Share: International Flavors & Fragrances Inc. is a leading supplier of flavors and fragrances, with a presence in the non-meat ingredients market providing flavor solutions for plant-based products.
  • Key Offerings: Natural and artificial flavors, flavor enhancers, aroma chemicals.

ADM (US):

  • Market Share: ADM is a major player in the non-meat ingredients market, offering a wide range of ingredients and solutions for food and beverage manufacturers.
  • Key Offerings: Soy proteins, vegetable oils, functional ingredients, flavors.

Cargill, Incorporated (US):

  • Market Share: Cargill, Incorporated is a significant contributor to the non-meat ingredients market, providing a range of plant-based ingredients and solutions for food manufacturers.
  • Key Offerings: Plant-based proteins, texturizers, stabilizers, sweeteners.

BASF SE (Germany):

  • Market Share: BASF SE is a key supplier of ingredients and additives for the food industry, including solutions for plant-based and non-meat products.
  • Key Offerings: Emulsifiers, antioxidants, vitamins, specialty ingredients.

DSM (Netherlands):

  • Market Share: DSM is a leading supplier of nutritional ingredients and solutions, with offerings for the non-meat ingredients market including plant-based proteins and functional ingredients.
  • Key Offerings: Plant-based proteins, vitamins, nutritional fortification solutions, specialty ingredients.

These key players in the Non-meat Ingredients market offer a wide range of innovative solutions and ingredients to meet the diverse needs of food manufacturers seeking to develop plant-based and non-meat products.

Related Reports:

Non-meat Ingredients Market by End-Use Applications (Fresh Meat, Processed and Cured Meats, Marinated, Ready-To-Eat Meat Products, Frozen Meat Products, and Convenience Food), Ingredient Type, Ingredient Source, Form and Region - Global Forecast to 2029

Non-meat Ingredients Market Size,  Share & Growth Report
Report Code
FB 3848
RI Published ON
5/3/2024
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