The Non-Meat Ingredients Global Market Report 2023, provides comprehensive information on the non-meat ingredients market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global non-meat ingredients market size is expected to grow from $38.96 billion in 2022 to $40.93 billion in 2023 at a compound annual growth rate (CAGR) of 5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global non-meat ingredients market size is expected to reach $49.32 billion in 2027 at a CAGR of 4.7%.
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Technological advancement is a key trend in the non-meat ingredients market. Advanced specialized food ingredients play an important role in the food value chain. These innovative ingredients ensure that the food remains safe, healthful, nutritious, and convenient. Major players operating in non-meat ingredients are focused on developing advancements in non-meat ingredients to strengthen their market position. For instance, In February 2020, Duas Rodas, a Mexico-based manufacturer of flavors and ingredients company, launched plant-based solutions technological platform which developed a new aroma portfolio and technology solutions that impart the flavor, juiciness, and texture of meat to vegetable proteins, providing the best sensory experiences for plant-based food customers.
The non-meat ingredients market is segmented:
1) By Ingredient: Binders, Fillers, Extenders, Flavoring Agents, Coloring Agents, Preservatives, Salts, Texturing Agents
2) By Product Type: Fresh Processed Meat, Raw-Cooked Meat, Pre-Cooked Meat, Raw Fermented Sausages, Cured Meat, Dried Meat
3) By Source: Chemical substances, Plant origin, Animal origin
North America was the largest region in the non-meat ingredients market in 2022.
The table of contents in TBRC’s non-meat ingredients market report includes:
- Executive Summary
- Non-Meat Ingredients Market Characteristics
- Non-Meat Ingredients Market Trends And Strategies
- Non-Meat Ingredients Market – Macro Economic Scenario
- Non-Meat Ingredients Market Size And Growth
- Non-Meat Ingredients Market Segmentation
- Non-Meat Ingredients Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Non-Meat Ingredients Market
- Non-Meat Ingredients Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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