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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Meat Stabilizers Blends Market Report Highlights
- 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
Meat Stabilizers Blends Market Segmentation
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)
Meat Stabilizers Blends Application Outlook (Revenue, USD Million, 2015 - 2025)
Meat Stabilizers Blends Region Outlook (Revenue, USD Million, 2015 - 2025)
- Meat Processing
- Pet Food
About Grand View Research
- North America
- Asia Pacific
- Central & South America
- Middle East & Africa
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. TheÂ 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.