The global non-meat ingredients market is estimated to be valued at USD36.6bn in 2021 and is projected to reach USD46.7bn by 2027, recording a CAGR of 4.2% during the forecast period.
According to a new report by Marketsandmarkets, the ease of use and hassle-free preparation offered by meat products processed with non-meat ingredients has added to their growing popularity and demand. To cater to the ever-increasing demand for processed meat products, processing plants are adopting various ways to increase production. One such method is the use of non-meat ingredients during meat processing. Meat processing plants are recognizing the importance of non-meat ingredients and their effects on end products. Non-meat ingredients such as binders, fillers, extenders, coloring agents, texturing agents, flavoring agents, preservatives, and salts are used to enhance the quality of processed meat products.
Europe was observed to be the second largest market in terms of value, in 2021. The food processing industry in Europe is facing many challenges, such as an increase in competition and changes in consumer trends. In response to these challenges, the food processing industry is intensifying and restructuring itself. Economic and social changes are also driving factors for increased food demand. Processed and frozen meat are gaining popularity as they are perceived as healthy by the masses and also because of the time constraints of consumers. Due to competition, companies are offering high-quality products with improved taste. Since the awareness about food safety has been increasing among people, their preference for processed meat is also increasing which is driving the market in Europe.
The fillers segment is projected to grow at the highest CAGR in terms of value. Fillers are prominently found in processed meats and are used to increase the volume of meat products and reduce the price. The addition of meat in meat fillers is a common practice followed in developing nations as they aid in reducing the production costs in line with their financial stability.