Overview and Scope
The binders and scaffolders are used for meat and meat substitutes. It is the process of preparing meat alternatives to provide a unique fibrous structure that gives the products a meat-like appearance. Prepared from processing animal bones, tissue, and skin which has been widely applied in food preparation, which include soybean products, vegetarian sausages, spread, or burgers. It has various health benefits due to high levels of protein and vitamins.
Sizing and Forecast
The binders and scaffolders for meat and meat substitutes market size has grown strongly in recent years. It will grow from $3.79 billion in 2023 to $4.01 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to consumer health awareness, increased demand for alternative protein, global population growth, rise in urbanization .
The binders and scaffolders for meat and meat substitutes market size is expected to see strong growth in the next few years. It will grow to $4.98 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%.The growth in the forecast period can be attributed to growing trend of functional foods, increasing demand for protein-rich food products, growing demand for meat substitutes, rise in disposable income. Major trends in the forecast period include clean meat technology, customized texture, 3d printing and structured foods, insect-based binders, fermentation-derived ingredients.
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Segmentation & Regional Insights
The binders and scaffolders for meat and meat substitutes market covered in this report is segmented –
1) By Type: Binders For Meat And Meat Substitutes, Scaffolders For Cultured Meat
2) By Meat Type: Beef, Pork, Fish, Poultry
3) By Application: Meat Products, Meat Substitutes, Cultured Meat
North America was the largest region in the binders and scaffolders for meat and meat substitutes market in 2023. The regions covered in the binders and scaffolders for meat and meat substitutes market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
Consumers shifting toward a flexitarian and vegan lifestyle is expected to propel the growth of the binders and scaffolders for the meat and meat substitutes market over the coming years. Flexitarian is defined as the style of eating mostly plant-based foods allowing meat and other animal products in moderation. It provides various health benefits such as a healthy lifestyle. For instance, according to Nutrition Company, Kerry 61% of consumers consider plants to be a preferred protein source, over animal-based proteins globally. Therefore, consumers shifting toward a flexitarian and vegan lifestyle drives the gelatin market.
Key Industry Players
Major companies operating in the binders and scaffolders for meat and meat substitutes market include Aleph Farms Ltd., Archer Daniels Midland Company, Avebe Inc., Danone SA, DuPont Inc., Excell Corp., Gelita Ag, Ingredion Incorporated, Kerry Group, Matrix Meats Inc., Memphis Meats, Mosa Meat, Nexira SAS, Roquette Freres Inc., SeaWith Co. Ltd., Wiberg GMBH, Cargill Inc., Ashland Global Holdings Inc., CP Kelco, Tate & Lyle plc, Corbion N.V., Fiberstar Inc., Kalsec Inc., Lallemand Inc., Naturex SA, Palsgaard A/S, Proliant Meat Ingredients Inc., Puratos Group, Red Arrow International LLC, Riken Vitamin Co. Ltd.
The binders and scaffolders for meat and meat substitutes market report table of contents includes:
1. Executive Summary
2. Binders and Scaffolders for Meat And Meat Substitutes Market Characteristics
3. Binders and Scaffolders for Meat And Meat Substitutes Market Trends And Strategies
4. Binders and Scaffolders for Meat And Meat Substitutes Market – Macro Economic Scenario
5. Global Binders and Scaffolders for Meat And Meat Substitutes Market Size and Growth
………….
31. Global Binders and Scaffolders for Meat And Meat Substitutes Market Competitive Benchmarking
32. Global Binders and Scaffolders for Meat And Meat Substitutes Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Binders and Scaffolders for Meat And Meat Substitutes Market
34. Binders and Scaffolders for Meat And Meat Substitutes Market Future Outlook and Potential Analysis
35. Appendix
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