Functional Non-Meat Ingredients Market Size is valued at USD 30.87 Bn in 2023 and is predicted to reach USD 45.39 Bn by the year 2031 at a 5.03% CAGR during the forecast period for 2024-2031.
Functional non-meat components are essential in the food business as they allow for the development of top-notch, plant-based substitutes for meat products. They are crucial for replicating the texture and taste characteristics of meat, therefore enhancing the palatability and attractiveness of plant-based alternatives to a wider range of people.
Functional non-meat ingredients offer nutritional benefits, texture enhancement, and flavour profiles akin to meat, thus attracting a broader consumer base. Key ingredients such as soy proteins, wheat proteins, pea proteins, and mycoprotein are gaining traction due to their versatility and nutritional value. Additionally, advancements in food processing technologies and product innovation are further boosting market growth. However, regulatory challenges and the need for effective marketing strategies remain key considerations for stakeholders in this dynamic market landscape.
With an unprecedented COVID-19 pandemic situation, the functional non-meat ingredient market share has a moderate impact. In addition, most of the non-meat product sales in supermarkets experienced a moderate impact on sales. Furthermore, for products sold in-store in the functional and continental categories in 2021 compared to 2019, non-meat volume consumption has increased. It is expected to maintain its trend during the forecast period.
Competitive Landscape
Some Major Key Players In The Functional Non-Meat Ingredients Market:
- Kerry Group PLC
- Wenda Ingredients
- Wiberg GmbH
- Ohly GmbH
- DowDuPont
- Proliant Meat Ingredients
- Aliseia SRL
- Associated British Foods PLC
- Advanced Food Systems, Inc.
- Redbrook Ingredient Services Limited
- Campus SRL
- Other Market Players
Market Segmentation:
The Functional Non-Meat Ingredients market is segmented by product type and distribution channel. Based on type, the market is divided into Binders, Extenders, Fillers, Coloring and flavouring Agents, Salts and preservatives, and other products. On the basis of distribution channels, the market is split into offline and online channels.
Based On Product Type, The Extender Segment Accounts For A Major Contributor To The Functional Non-Meat Ingredients Market.
The Extender segment accounts for a significant share of the market and is estimated to dominate it. Extenders can be described as non-meat ingredients that contain high levels of protein. Moreover, they are extremely rich in fibre, which helps make meat products more digestion-friendly. In addition, they also help enhance the texture of the meat. These include binders, fillers, texturizers, and flavour enhancers, ensuring improved texture, juiciness, and flavour while extending product volume. Examples include soy protein, wheat gluten, and starches, contributing to the overall quality of meat substitutes.
The Preservative Segment Witnessed Growth At A Rapid Rate.
The Preservative segment is projected to grow at a rapid rate in the global Functional Non-Meat Ingredients market. The preservatives segment in the Functional Non-Meat Ingredients Market is experiencing a boost due to an increase in demand for extending the shelf life of food products. Consumers' preference for natural preservatives and clean-label products is driving manufacturers to innovate in this segment. Rising concerns regarding food safety and the need for sustainable preservation methods further contribute to market expansion. Key players are focusing on developing preservatives derived from natural sources to meet consumer preferences and regulatory standards effectively.
In The Region, North America Holds A Significant Revenue Share In The Functional Non-Meat Ingredients Market.
The North American Functional Non-Meat Ingredients market is predicted to register the largest market share in the near future. The demand for non-meat ingredients is estimated to increase in North America due to urbanization. The growing research and development activities, the presence of key international players in this region, and technological advancements. Several companies in the region are offering non-meat-based snacks, thereby driving the growth of the functional non-meat ingredients market. In addition, Asia Pacific is estimated to grow at a rapid rate in the global functional non-meat ingredients market due to growing concerns about the environment, rapid industrialization, government initiatives, and increasing funding in various industries.
Functional Non-Meat Ingredients Market Report Scope
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 30.87 Bn |
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Revenue Forecast In 2031 |
USD 45.39 Bn |
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Growth Rate CAGR |
CAGR of 5.03 % from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type, And Distribution Channel |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea |
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Competitive Landscape |
Kerry Group PLC, Wenda Ingredients, Wiberg GmbH, Ohly GmbH, DowDuPont, Proliant Meat Ingredients, Aliseia SRL, Associated British Foods PLC, Advanced Food Systems, Inc., Redbrook Ingredient Services Limited, Campus SRL. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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