The global meat stabilizers blends market size is expected to reach USD
3.25 billion by 2025, according to a new report by Grand View Research, Inc. It
is projected to register a CAGR of 7.2% during the forecast period. Growing
demand for ready to cook and processed food has been driving the growth. Rising
trend of eating out among millennials is widening the scope of product demand
in the food service sector.
The plant segment is projected to witness
the fastest CAGR of 8.5% from 2019 to 2025. Rising consumer preference for
plant-based additives is expected to remain a key driving factor for this
segment in near future. Producers in the meat stabilizer blends market are also
investing in R&D of plant-based products to cater to the growing consumer
demand.
Based on application, the meat processing
sector held the largest market share in terms of revenue due to the rapid
expansion of this industry. Over the past few years, developed countries
including U.S., U.K., Germany, France, and the Netherlands have been witnessing
a high demand for processed beef and pork. Furthermore, favorable government
policies aimed at promoting investments in food processing industry of China and
India is projected to open new avenues in near future.
In 2018, North America and Europe held more
than 50% of the global meat stabilizers blends market share. On the other hand,
Asia Pacific is projected to register the fastest CAGR of more than 10% from
2019 to 2025. This growth is attributed to increasing importance of developing
countries including China and India as manufacturing destinations of broiler
meat. Furthermore, strong market movement for frozen meat products in developed
countries including Australia, Japan, and South Korea as a result of
application growth among working class professionals is projected to have a
strong impact.
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https://www.grandviewresearch.com/industry-analysis/meat-stabilizers-blends-market
https://www.grandviewresearch.com/industry-analysis/meat-stabilizers-blends-market
Further key findings from the report suggest:
· North America held the largest market share
of more than 30% in 2018
· In terms of revenue, meat processing is
anticipated to hold the largest market share during the forecast period
· HoReCa or food service application is
projected to foresee the fastest CAGR of 8.3% from 2019 to 2025
· Plant sources is expected expand at a
fastest CAGR of over 8% from 2019 to 2025
· Key competitors in the meat stabilizers
blends market include Cargill, Incorporated; The Meat Cracks Technologie GmbH;
DowDuPont Inc.; Kerry Group plc; Tate & Lyle PLC; The Archer Daniels
Midland Company; Palsgaard A/S; Hydrosol GmbH & Co. KG; Ashland; and
Ingredion Incorporated
Grand View Research 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
o
U.S.
·
Europe
o
Germany
o
U.K.
·
Asia Pacific
o
China
o
India
·
Central & South America
o
Brazil
·
Middle East & Africa
o
South Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting services.
To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
