The global meat stabilizers blends market size is projected to reach USD 3.25 billion by 2025, according to a new report published by Million Insights, with a CAGR of 7.2% over the forecast duration. The increasing demand for processed and ready to eat food has driven the market. Moreover, the swing in preference for dining out among millennials is surging the food service sector growth which, in turn positively affecting the market growth.
The plant segment is expected to grow at a CAGR of 8.5% for the period of 2019 to 2025. Consumers’ inclination towards plant-based additives is predicted to be a favorable factor for the market. Moreover, producers are focusing on R&D of plant-based products to supplement the ongoing demand.
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Among different applications, the meat processing sector held the largest share in revenue due to growth of the industry. Developed countries like, U.K., U.S., Netherlands, France, and Germany have observed a huge demand for processed pork and beef. Moreover, encouraging policies of the government focused to promote investments for the industry of India and China is expected to make way for new ventures in the future.
Europe and North America together held over 50% global share in 2018 while Asia Pacific registered a CAGR of 10% over the forecast period. This expansion is credited to rising production of broiler meat in emerging countries such as India and China. Moreover, growing market penetration of frozen meat in countries such as Japan, South Korea, and Australia, and its increasing demand among the working population will influence the meat stabilizer blends market.
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Further key findings from the report suggest:
• North America was the dominant region with a 30% market share.
• The meat processing industry held the largest share in terms of revenue over the forecast period.
• HoReCa is expected to register a CAGR of 8.3% over the forecast period.
• Plant sources are predicted to grow at a CAGR of 8% for the period of 2019 to 2025.
• The key players in the meat stabilizers blends market include DowDu Pont Inc.; Cargill, Incorporated; Kerry Group plc;The Meat Cracks Technologie GmbH;The Archer Daniels Midland Company; Hydrosol GmbH & Co. KG; Ingredion Incorporated; Tate & Lyle PLC; and Palsgaard A/S.
Million Insights has segmented the global meat stabilizers blends market on the basis of source, application, and region:
Meat Stabilizers Blends Source Outlook (Revenue, USD Million, 2015 – 2025)
• Plant
• Seaweed
• Animal
• Microbial
• Synthetic
Meat Stabilizers Blends Application Outlook (Revenue, USD Million, 2015 – 2025)
• Meat Processing
• HoReCa
• Pet Food
Meat Stabilizers Blends Region Outlook (Revenue, USD Million, 2015 – 2025)
• North America
• U.S.
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• India
• Central & South America
• Brazil
• Middle East & Africa
• South Africa
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