Non-Meat Ingredients Market - 2023-2030

Overview

Global Non-Meat Ingredients Market reached US$ 31.12 billion in 2022 and is expected to reach US$ 43.91 billion by 2030, growing with a CAGR of 4.4% during the forecast period 2023-2030.

The global non-meat ingredients market has witnessed significant growth and development over the years, as consumers are highly adopting non-meat ingredients such as soy protein, milk protein, starch protein, and extenders as alternatives for animal-based proteins. They also provide essential minerals, vitamins, and antioxidants, and help in maintaining overall health.

In addition, many manufacturing companies are launching innovative products by using these non-meat ingredients to develop products. For instance, in October 2023, Novozymes company launched a Ver-tera Pro Bite, which has a natural enzyme MTGase (microbial transglutaminase E.C. 2.3.2.13), an enzyme that binds proteins together and creates a more realistic and satisfying mouthfeel for consumers of plant-based meat alternatives.

The binders segment dominates other segments in the global non-meat ingredients market. Similarly, the North American region also shows dominance in world share, as the vegan population rate is high in this region. The manufacturing companies in the region are launching innovative products, which helps in driving the global non-meat ingredients market.

Dynamics

Rising Demand For Convenience Vegan Products

The popularity of the vegan trend and lifestyle is on the rise among consumers. According to the World Animal Foundation's latest report from 2023, there are approximately 88 million vegans worldwide. This trend can have a significant impact on the usage of non-meat ingredients in various plant-based products, ultimately driving market growth.

Furthermore, many manufacturing companies are launching innovative plant-based products, for instance, in August 2023, Nestle S.A., launched shelf-stable SKUs in Chile under the Maggi Veg brand. It contains vegan mincemeat, which is made of soy, and used for various dishes. Hence, such development of products can help in boosting the market growth.

Rising Health Consciousness Among Consumers

The rising health consciousness among consumers is a key driver factor for the growth of the non-meat ingredients market. as these non-meat ingredients are often lower in calories and saturated fats while being rich in fiber, making them a preferred choice for consumers seeking to maintain a healthy weight and support general well-being.

In addition, companies that produce plant-based products are introducing a variety of new offerings to broaden their customer appeal and expand their consumer bases. For instance, in September 2023, Symrise AG company launched chickpea and aquafaba flakes ingredients. They contain high protein and fiber content, no EU allergen, gluten-free and non-GMO. They suit a wide range of recipes, they are light in taste and color.

Stringent Regulatory Challenges

Stringent regulatory challenges can indeed pose obstacles for the non-meat ingredients market. Many country governments often impose strict labeling regulations for food products. Ensuring accurate and transparent labeling for plant-based products can be challenging. Hence, it can impact the market growth negatively.

Segment Analysis

The global non-meat ingredients market is segmented based on ingredients, meat type, source, product type, and region.

Rising Demand for Binding Ingredients

The binder non-meat ingredients segment accounts for the largest share of the global non-meat ingredients market. Binders help to improve the texture of plant-based and meat-alternative products. Also, they help create a cohesive and firm structure, mimicking the texture of traditional meat products and enhancing overall mouthfeel. Hence, such factors can help in increasing the adoption rate for non-meat ingredients.

Furthermore, manufacturing companies are collaborating and launching innovative products in their portfolios. For instance, in October 2023, ICL Food Specialties, Plantable Foods partnered and launched a ROVITARIS binding solution powered by rubi protein, a one-of-a-kind functional protein system that can replace most chemically processed binders in plant-based meat and seafood formulations, it also reserves the authentic taste and texture of the products.

Geographical Penetration

High Vegan Population and Product launches

North American region shows the dominance in global non-meat ingredients market, as the consumers in this region are highly adopting these non-meat ingredients as part of their regular diets as they offer numerous health benefits and are also available in a wide range of products. As, a result such factors help in driving the global non-meat ingredients market.

Furthermore, the vegan trend in this region is rising rapidly, for instance, According to the World Animal Foundation's most recent data for 2023, there are more than 15.5 million vegans in the US. such significant prevalence of a vegan population can contribute to increasing the acceptance of non-meat ingredients, increasing their utilization in the creation of diverse vegan and plant-based products.

Additionally, manufacturing companies in this region are focusing on developing various kinds of non-meat ingredients. For instance, in October 2022, Roquette Freres launched a new line of organic pea ingredients such as organic pea starch and organic pea protein as alternative sources for animal-based protein. These ingredients are produced and sourced from organic pea growers in Canada.

Competitive Landscape

The major global players in the market include DuPont, ABF Ingredients, ADM, DSM, BASF SE, Essentia Protein Solutions, General Mills Inc., Kerry Group plc., Wenda Ingredients, LLC, and Ingredion.

COVID-19 Impact Analysis

The pandemic has shown a positive impact on the growth of the global non-meat ingredients market, during the pandemic health awareness among consumers has been raised, which increased the demand the plant-based foods, and vegan trends. For instance, according to the report published by Plant Based Foods Association and The Good Food Institute 2021, The value of plant-based meat increased to US$1.4 billion in 2020, with sales growing 45%, up from US$962 million in 2019.

By Ingredients

• Binders
• Fillers
• Extenders
• Flavoring Agents
• Coloring Agents
• Preservatives
• Salts
• Texturing Agents
• Others

By Meat Type

• Beef
• Pork
• Poultry
• Mutton

By Source

• Chemical Substances
• Plant Origin

By Product Type

• Fresh Processed Meat
• Raw-Cooked Meat
• Pre-Cooked Meat
• Raw Fermented Sausages
• Cured Meat
• Dried Meat

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In November 2023, Canada's Protein Powered Farms acquired Lovingly Made Ingredients, a subsidiary of the well-known UK plant-based meat brand Meatless Farm.
• In May 2022, BENEO company acquired Dutch company, Meatless B.V. This acquisition allows BENEO to broaden its portfolio and offer customers a versatile selection of plant-based solutions that serve as texturizers for meat and fish alternatives. and to become a major player in the field of plant-based texturizing solutions for meat and fish alternatives.
• In November 2021, Meat processor Cranswick acquired plant-based Ramona's Kitchen and Atlantica I-JK. This acquisition has created exciting opportunities for further growth in its rapidly expanding Continental Products business.

Why Purchase the Report?

• To visualize the global Non-Meat Ingredients market segmentation based on ingredients, meat type, source, product type and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of Non-Meat Ingredients market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global non-meat ingredients market report would provide approximately 70 tables, 71 figures and 210 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies