Global Meat Ingredients Market Size, Share, and COVID-19 Impact Analysis, By Type (Beef, Pork, Poultry, Lamb, Seafood, Game Meat), By Ingredients (Binders, Extenders, Fillers, Colouring And Flavouring Agents, Salts And Preservatives), By Product Form (Fresh Meat, Frozen Meat, Dried Meat, Cured Meat, Processed Meat, Prepared Meat), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Global Meat Ingredients Market Insights Forecasts to 2033

• The Global Meat Ingredients Market Size Was Estimated at USD 8.64 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 5.22% from 2023 to 2033
• The Worldwide Meat Ingredients Market Size is Expected to Reach USD 14.37 Billion by 2033
• Asia Pacific is expected to grow the fastest during the forecast period.

The global meat ingredients market size was worth around USD 8.64 Billion in 2023 and is predicted to grow to around USD 14.37 Billion by 2033 with a compound annual growth rate (CAGR) of 5.22% between 2023 and 2033. The meat ingredients market is driven by growing demand for natural and clean-label products, processing technology, and heightened consumer interest in health and wellness. Sustainability concerns and the trend for plant-based alternatives also play a significant role in the market. All these combined fuel innovation and growth.

Market Overview

The meat ingredient industry is a term used to describe the business that deals with the manufacturing, distribution, and use of ingredients in meat products. Increased use of meat worldwide is the key driver responsible for the growth of the meat ingredients market. Growing need for convenience and processed food like instant food and drink and growth in the use of frozen meat in processed food are driving the growth of the meat ingredients market. Moreover, the growing use of flavoring agents to provide flavor and to avoid bad taste and odor is driving the growth of the meat ingredients market globally. In addition, increasing demand for functional and health-enhancing ingredients provides a huge market opportunity for industry players. Functional ingredients that enhance gut health, including prebiotics, probiotics, and collagen, are becoming increasingly popular among consumers who want healthier and more wholesome meat products. Their addition is becoming the main market differentiator, enabling producers to supply not just great-tasting but also health-enhancing products. In addition, the clean-label trend, where products emphasize fewer and more basic ingredients, will also drive additional opportunities for innovation in the space of meat ingredients.

Report Coverage

This research report categorizes the meat ingredients market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the meat ingredients market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the meat ingredients market.

Driving Factors

Rising health consciousness has resulted in a demand for clean-label products with natural preservatives and fewer artificial additives. This trend promotes innovation in the creation of healthier meat ingredients propelling the market growth. Greater emphasis on sustainable sourcing and ethical methods has resulted in the creation of plant-based meat alternatives and environmentally friendly ingredients. In addition, advances in food processing and preservation technologies allow for the manufacture of high-quality meat products with longer shelf life. This further increases the uptake of advanced meat ingredients driving the meat ingredient market.

Restraining Factors

Increased consciousness of health hazards presented by excessive consumption of meat, including cardiovascular diseases and obesity, has prompted some consumers to cut back on their meat consumption. In addition, the rising popularity of plant-based and vegan diets has gained traction and presented competition to conventional meat products, lowering the demand for meat ingredients.

Market Segmentation

The meat ingredients market share is classified into type, ingredient, and product form.

• The poultry segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.

Based on the type, the meat ingredients market is divided into beef, pork, poultry, lamb, seafood, and game meat. Among these, the poultry segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to the that poultry tends to be cheaper than other forms of meat, hence making it affordable to a wider customer base and poultry tends to be healthier because it has less fat content than red meats such as beef and pork.

• The preservatives segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on the ingredients, the meat ingredients market is divided into binders, extenders, fillers, coloring and flavoring agents, salts, and preservatives. Among these, the preservatives segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by preservatives are necessary for the preservation of the freshness and safety of meat products, particularly in the processed and packaged state. As there is an increasing trend towards ready-to-eat and frozen meat products, preservatives become vital to provide stability to the products during transportation and storage.

• The processed meat segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the product form, the meat ingredients market is divided into fresh meat, frozen meat, dried meat, cured meat, processed meat, and prepared meat. Among these, the processed meat segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth is due to processed meat products being convenient for preparation and consumption, suiting the busy lifestyle of consumers. Processing techniques, such as curing and freezing, enhance the shelf life of meat products and render them stable for storage and exportation.

Regional Segment Analysis of the Meat Ingredients Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the meat ingredients market over the predicted timeframe.

North America is anticipated to hold the largest share of the meat ingredients market over the predicted timeframe. The U.S. and Canada boast among the highest per capita meat consumption globally, particularly in beef, pork, and poultry. Meat is a mainstay of many North American diets, driving steady demand for meat ingredients. The region is home to giant meat firms such as Tyson Foods and Cargill, supported by state-of-the-art processing plants. These businesses need a constant supply of meat ingredients for mass production, product development, and satisfying various consumer demands, enabling North America to retain its dominant market position in the world's meat ingredient market.

Asia Pacific is expected to grow at a rapid CAGR in the meat ingredients market during the forecast period. As the West's diet pattern infects the Asia-Pacific region, demand for burgers, sausages, deli meat, and frozen food explodes. These are all heavily meat-dependent products, requiring ingredients such as meat binders, flavoring, and stabilizers. Modern retailing and Western fast-food chains are fueling this shift, creating a growing demand for meat ingredients rapidly.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the meat ingredients market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Danish Crown
• BRF
• Marel
• Pinnacle Foods
• Cargill
• Smithfield Foods
• Sonnys BBQ
• Vion Food Group
• Seaboard Foods
• Fischer Foods
• Sygenta
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the meat ingredients market based on the below-mentioned segments: 

Global Meat Ingredients Market, By Type

• Beef
• Pork
• Poultry
• Lamb
• Seafood
• Game Meat

Global Meat Ingredients Market, By Ingredients

• Binders
• Extenders
• Fillers
• Colouring And Flavouring Agents
• Salts And Preservatives

Global Meat Ingredients Market, By Product Form

• Fresh Meat
• Frozen Meat
• Dried Meat
• Cured Meat
• Processed Meat
• Prepared Meat

Global Meat Ingredients Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa