Specialty Meat Ingredients Market

Specialty Meat Ingredients Market Outlook (2023 to 2033)

Newly released data from Fact.MR reveals that worldwide demand for specialty meat ingredients is expected to reach a market value of US$ 5.9 billion by 2033, up from its current value of US$ 3.56 billion in 2023. The global specialty meat ingredients market is projected to increase at a CAGR of 5.2% over the next ten years (2023 to 2033).

Specialty meat ingredients enhance the characteristics of processed meat products. The market is experiencing significant growth in demand for vegan and processed meat products.

Several firms are investing in creating new meat products and brands. Consistent attention is paid to the development and distribution of healthy meat products, enhancing market acceptance of healthy specialty meat ingredients.

Processed meat is currently in greater demand due to the advent of different flavors, nutrients, and textures in various regions. There is an increase in demand for plant-based and cultured meat in the marketplace, attributed to a paradigm shift towards consuming plant-based meat products.

• The use of specialty meat ingredients for meat preservation is set to rise at a CAGR of 5.6% over the decade. Preserving meat helps to prevent spoilage by inhibiting microbial growth, slowing enzyme activity, and preventing fatty acids from oxidizing, which causes rancidity.

The shelf life of meat products is affected by a variety of factors, including safety and quality requirements. Factors such as cold storage, freezing, thawing, vacuum packaging, canning, drying, and fermentation are best for preserving the meat in the long run.

Increasing demand for convenience food products is the main driver of the need for specialty meat ingredients. Additionally, the growing consumer demand for processed foods such as beef and frozen meat, as well as the convergence of nutrition and taste, which boosted the use of flavoring agents, are all driving up demand for specialty meat ingredients.

Growing consumer awareness of the value of healthy eating practices, rising global demand for high-quality food products, the popularity of gourmet burgers and other foods containing specialty meat ingredients, and the increasing use of these ingredients in various foods such as frozen desserts and breakfast foods are some significant factors influencing the growth of this market.

The meat and seafood industry, which also serves as one of the main drivers for raising the demand for specialty meat ingredients on a global scale, is introducing more meat-related products into their diets, along with consumers in developing markets. The market for specialty meat ingredients is also expanding as a result of rising disposable income, high adoption, and a rising desire for processed meals owing to the use of preservatives and flavor enhancers.

Report Attributes	Details
Specialty Meat Ingredients Market Size (2023)	US$ 3.56 Billion
Projected Market Value (2033)	US$ 5.9 Billion
Global Market Growth Rate (2023 to 2033)	5.2% CAGR
Market Share of Fiber and Protein Specialty Meat Ingredients	35%
China Market Size (2023)	US$ 529.8 Million
Japan Market Growth Rate (2023 to 2033)	2.2% CAGR
United Kingdom Market Size (2033)	US$ 554.9 Million
Market Share of Meat Preservation (2023)	30%
United States Market Growth Rate (2023 to 2033)	5.6% CAGR
Key Companies Profiled	Cargill ADM DuPont Kerry Group Tate & Lyle PLC Ingredion Incorporated Sensient Technologies Givaudan Biocatalysts Ltd. Omega Protein Corporation FDL Ltd Nutriati Inc. Axiom Foods Inc. Amano Enzyme Amicogen Aminola

What are the Principal Factors Boosting Global Consumption of Specialty Meat Ingredients?

“Paradigm Shift towards Plant-Based Meat Products”

Amidst rising health and wellness, animal welfare, and environmental concerns, people are curtailing animal product consumption from their diets. Therefore, the demand for milk and meat substitutes has grown rapidly. Specialty meat products are richer in protein and low in fat or calories.

Demand for vegan and organic foods is spurring demand for plant-based meat in the market. Growing concerns regarding animal slaughter, as well as no-kill policies being adopted by both NGOs and consumers, are spurring more reliance on plant-based and lab-derived meat ingredients.

“R&D on Specialty Meat Ingredients Influencing Market Demand”

Over the years, local businesses have developed technologies such as cultivated meats, insect-based ingredients, yeast engineering, and fermented foods, as well as other innovations.

• Nestlé Research in Lausanne is currently collaborating with Future Meat Technologies, a start-up that develops cultured meat components to explore the possibility of using them as meat components without degrading the quality or sustainability of the products.
• A proprietary technology developed by Future Meat Technologies uses animal cells to create non-GMO cultured meat, reducing the need to raise animals and the associated greenhouse gas emissions.

The company has invested heavily in developing proprietary technologies and protein expertise to expand its wide range of tasty and nutritious products with a lower impact on the environment. In addition to these efforts, the firm is exploring technologies that would enable them to create vegan alternatives with similar taste, flavor, and texture to meat.

What is Limiting Worldwide Sales Growth of Specialty Meat Ingredients?

“Lack of Product Standardization and Labeling”

The market for specialty meat ingredients is predicted to be constrained by a lack of product standardization and labeling. Growing health concerns and public awareness about the overconsumption of meat ingredients could pose a threat to market expansion.

How are New Businesses Paving the Way for Future Growth?

“New Companies Concentrating on Offering Plant-Based Meat Products”

Even if it is simpler to replicate processed meat products such as burgers and sausages, making a plant-based steak is still more difficult. To tempt even the most discerning meat lovers, start-ups create technology that will enable them to recreate the feel and look of steak. One of these technologies uses plant-based fibers printed in three dimensions to simulate the structure of complete slices of meat.

• A Spanish start-up called NovaMeat creates steak made from plants that replicate the feel of real meat. A start-up replicates the muscular tissue structure using biomimetic micro-extrusion technology and personalized 3D printers. Brown seaweed, beetroot juice, and pea and rice isolates are among the ingredients found in NovaMeat's plant-based products.

Country-wise Insights

Why Does the United States Hold a Strong Position in the Field of Specialty Meat Ingredients?

“Surging Investments in Processed Meat Sector”

• Demand for specialty meat ingredients in the United States is estimated to reach a market value of US$ 2.08 billion by 2033.

Consumers are increasingly eating plant-based snacks in the United States. Many of the world's prominent meat producers, as well as start-ups and leading CPG companies, are innovating rapidly in the plant-based market.

An increase in mainstream consumers is developing a preference for plant-based options to a growing distribution network. 97% of consumers who purchase plant-based meat also purchase conventional meat.

Rising demand for convenience foods and ready-to-cook meals due to a rise in the working population is boosting market value. The market is driven by shifting consumer dietary tastes and habits, rising demand for flavorful meat products, and increasing investments in the processed meat sector.

How is the Specialty Meat Ingredients Market Faring in China?

“Increase in Food Processing and Storage Companies”

• Sales of specialty meat ingredients in China are forecasted to rise at a CAGR of 3.9% from 2023 to 2033.

Consumer tastes and preferences in China are extremely diverse, ranging from youth to seniors, from high-income to low-income groups as well as cultures and traditions associated with food. The rapidly evolving food industry has been rejuvenated with plant-based launches, which have been introducing innovative new versions of traditional food staples.

Sustainable food producers can tap into a new growth market by catering to consumers’ growing appetites for alternative proteins. Traditionally used outlets for retail food, such as wet markets, are changing to malls and online outlets. An increase in food processing and storage industries is supporting market growth.

Category-wise Insights

Which is a Highly Preferred Specialty Meat Ingredient Type?

“Fiber and Protein Specialty Meat Ingredients Widely Consumed to Prevent Chronic Diseases”

Based on ingredient type, the market is divided into fiber & protein, starch & derivatives, acidulants, hydrocolloids, and others.

• Fiber and protein specialty meat ingredients account for 35% of the global market.

Changing lifestyles and eating habits have profoundly affected the lives of consumers. Consumers are becoming more dependent on fast foods, which contain a small proportion of fiber. Functional ingredients in meat products, such as fiber, have a tremendous impact on our health.

Fiber and protein have become increasingly important as concerns about the ketogenic diet grow. A daily diet rich in fiber is said to prevent a wide variety of unhealthy problems such as heart disease, digestive problems, cancer, type 2 diabetes, and obesity. Due to this, the market is experiencing a surge in demand for fiber-rich and protein-rich specialty meat ingredients.

Competitive Landscape

The specialty meat ingredients market will be influenced by the sustainability call-outs on meat products. Growing competition globally, which is leading to the creation and acquisition of new specialty meat ingredient goods and brands, is the main factor driving the market for specialty meat ingredients.

Top producers of specialty meat ingredients combine and buy other businesses to increase their market share. Furthermore, major firms are forming alliances and working together with businesses whose specialization is in the creation of innovative production techniques.

Leading companies are focusing on new developments and quality control to expand their market footprints in the industry. They are emphasizing product standards and supply chain management to increase their market share.

For instance,

• Nestle examines the potential of cultured meat. Rather than simply analyzing scientific trends, Nestle investigated emerging technologies and reviewed scientific trends to evaluate the potential of meat alternatives in the future.
• Next Meats Co., a Tokyo-based venture that develops alternative meats, plans to open an environmentally friendly factory. It includes everything from an R&D lab to a production line. It will serve as a one-stop shop for protein alternatives in Japan.

Key Segments of Specialty Meat Ingredients Industry Research

• By Ingredient Type :

  • Fiber & Protein
  • Starch & Derivatives
  • Acidulants
  • Hydrocolloids
  • Others

• By Function :

  • Moisture Control
  • Yield Improvement
  • Coloring & Flavoring
  • Meat Preservation
  • Fillers & Extenders

• By End Use :

  • Bakery & Confectionery Products
  • Snacks
  • Frozen Desserts
  • Blends, Dressings & Dips
  • Soups & Sauces
  • Meat & Seafood

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa