What is Global Food Non-meat Ingredients Market?
The Global Food Non-meat Ingredients Market is a vast and dynamic sector that encompasses a wide range of products used in the food industry. These ingredients, as the name suggests, are not derived from meat sources and are used to enhance the flavor, texture, and nutritional value of various food items. They can be derived from various sources such as plants, animals, and chemicals. The market for these ingredients is driven by the increasing demand for processed and convenience foods, growing health consciousness among consumers, and the rising trend of veganism and vegetarianism. However, the market also faces challenges such as stringent food safety regulations and the high cost of natural ingredients. Despite these challenges, the market is expected to grow significantly in the coming years due to the increasing demand for natural and organic food products.
Plant, Chemical, Animal in the Global Food Non-meat Ingredients Market:
The Global Food Non-meat Ingredients Market can be segmented based on the source of the ingredients into plant-based, animal-based, and chemical-based. Plant-based ingredients are derived from various plants and include products such as fruits, vegetables, grains, nuts, seeds, herbs, and spices. These ingredients are widely used in the food industry due to their high nutritional value and health benefits. Animal-based ingredients are derived from non-meat animal sources such as dairy products, eggs, and honey. These ingredients are used to enhance the taste and texture of food products. Chemical-based ingredients are synthetic or man-made ingredients used to improve the shelf life, taste, and appearance of food products. However, the use of these ingredients is being scrutinized due to health concerns.
Food, Drinks, Other in the Global Food Non-meat Ingredients Market:
The Global Food Non-meat Ingredients Market finds extensive application in various areas such as food, drinks, and others. In the food sector, these ingredients are used in the preparation of a wide range of products such as bakery items, confectionery, dairy products, snacks, and ready-to-eat meals. They help in enhancing the taste, texture, and nutritional value of these products. In the drinks sector, non-meat ingredients are used in the production of beverages such as juices, soft drinks, energy drinks, and alcoholic beverages. They help in improving the flavor, color, and shelf life of these beverages. Other applications of non-meat ingredients include their use in dietary supplements, pet food, and personal care products.
Global Food Non-meat Ingredients Market Outlook:
The market outlook for the Global Food Non-meat Ingredients Market appears promising. A recent survey has projected that the market size for these ingredients is expected to grow from US$ 36600 million in 2022 to US$ 48810 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 4.2% during the period from 2023 to 2029. This growth is expected to be driven by factors such as the increasing demand for processed and convenience foods, growing health consciousness among consumers, and the rising trend of veganism and vegetarianism. However, the market also faces challenges such as stringent food safety regulations and the high cost of natural ingredients. Despite these challenges, the market is expected to grow significantly in the coming years due to the increasing demand for natural and organic food products.
| Report Metric | Details |
| Report Name | Food Non-meat Ingredients Market |
| Accounted market size in 2022 | US$ 36600 million |
| Forecasted market size in 2029 | US$ 48810 million |
| CAGR | 4.2% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Kerry Group, Dow, Associated British Foodsplc, Wiberg GmbH, Essentia Protein Solutions, Advanced Food Systems, Ingredion, ADM, BASF SE |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
