Functional Meat Ingredients Market Size, Share & Industry Analysis, By Product Type (Hydrocolloids, Cereal Flours, Vegetable Fibres, Other Product Types), By Meat Type (Beef, Pork, Mutton, Poultry) And Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
The functional meat ingredients market is gaining significant traction globally due to the increasing demand among consumers for meat-based products. The use of functional meat ingredients helps extend the shelf life of the meat products, increase their sensory appeal, and ensure optimum utilization of food materials to create a sustainable food chain. These factors contribute in the growth of the global functional meat ingredients market.
The increasing demand for ready-to-eat meat-based food products and meals have created a demand for functional ingredients that enhance the shelf life of meat products. Additionally, the use of functional meat ingredients ensures that the quality of the products is not hampered. The rapid urbanization in some developing economies is allowing consumers to spend more on convenient and pre-packaged meals, which has supported the growth of the functional meat ingredients market globally.
When added to the meat, functional meat ingredients helps to improve its properties by enhancing the texture and structure of meat, thereby reducing waste production. These functional ingredients also help in speeding up the drying process of fermented meat products.
Companies are developing newer technologies to extract proteins and develop new functional ingredients that meet the increasing demand for natural functional ingredients. In recent years, a biotechnology company developed a partnership with DSM to develop enzymes that improve the functionality of gut broilers and enable the farmers to increase the meat yield of chicken by more than 3%. It also helps to reduce the emission of CO2 at the same time. Similarly, functional meat proteins developed by Essentia minimizes the seepage of liquid from the meat and ensures that the pre-shaped products such as patties and meatballs are not spoiling. It also prevents the addition of further additives in meat and provides a stable color to the products.
The changing lifestyle and awareness about the negative health effects caused due to the consumption of processed meat acts as one of the restraining factors for market growth.
Key Market Driver -
Rising Demand for Meat Based Products
Key Market Restraint -
Negative Effects of Consuming Processed Food
Key Players Covered:
The key players of the global functional meat ingredients market are Associated British Foods PLC, Kerry Group PLC, Wiberg GmbH, Campus SRL, Proliant Meat Ingredients, Wenda Ingredients, and Others
Meat and meat-based products are rich sources of proteins and are prime sources of energy to combat disease. Hence there has been a growing demand among consumers to increase the consumption of meat and meat-based products. Furthermore, the rise in employment in developing nations boosts the demand for easy-to-make products.
Furthermore, functional meat ingredients are more cheaply compared to red meat, and hence, there is an increase in the consumption of these products.
Regional Analysis:
North America is witnessing significant growth in the functional meat ingredients market owing to consumers increasing preferences for processed meat and other meat products. As per the recent statistics, U.S. consumes large amounts of processed food and meat. The increasing demand for functional meat ingredients among the meat producers and processors is further expected to drive its regional market.
Asia Pacific region is anticipated to witness substantial growth in the foreseeable future due to the growing demand for meat and processed food products. These regions have many younger populations, and the growing health awareness among these young individuals prompts them to adopt a balanced diet with high protein content. Functional meat ingredients provide a suitable alternative to the growing demand for healthy meat in these regions and acts as a major factor that boosts its adoption.
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Segmentation
ATTRIBUTES | DETAILS |
By Product Type |
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By Meat Type |
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By Geography |
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Key Industry Developments
- In Aug 2018, Firmenich acquired Campus SRL which specializes in meat, dairy and plant based food. This enabled Firmenich to acquire a leading global position in proving product solutions for functional meat ingredients market.
- Ongoing
- 2023
- 2019-2022
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