Meat-Based Flavors Market By Type (Natural Meat Flavor, Artificial Meat Flavor), By Flavor (Chicken, Beef, Pork, Turkey, Fish and Seafood, Others), By Application (Baked Goods, Soups and Sauces, Savory, Ready Meals, Processed Meat, Others): Global Opportunity Analysis and Industry Forecast, 2022-2031
The global meat-based flavor market was valued at $3,345.1 million in 2021, and is projected to reach $5,954.0 million by 2031, registering a CAGR of 5.8% from 2022 to 2031. The meat-based flavor market has gained significant traction in recent years, and the demand for meat-based flavor in the food & beverages as well as pet food industries has continued to grow. This trend is driven by several factors, including change in consumer preferences, health concerns, global population growth, as well as rise I concerns of pet owners toward their pets.
The major driver that positively impacts the market growth is change in consumer preferences. Consumers are increasingly looking for healthier and more natural alternatives to processed foods, where meat-based flavors provide a natural, authentic taste. In addition, consumers are increasingly aware of the environmental impact of their food choices, and meat flavors offer a more sustainable alternative to eating actual meat.
Moreover, increase in the global population is another trend that drives the meat-based flavor market. As the population grows, so does the demand for food, and meat flavorings are a convenient & economical way to add flavor & nutrition to a variety of foods. In addition, the growth of the food & beverages industry, especially in emerging economies, has created a huge market for meat-based flavors. Another trend in the meat-based flavor market is the use of natural & clean ingredients. Consumers are increasingly looking for products with simple & recognizable ingredients, and meat flavors made from natural ingredients are part of this trend. In addition, the use of natural & clean ingredients has been linked to health & environmental concerns.
The meat-based market has growth opportunities, with development of new innovative meat flavors such as exotic meat-based flavors. Moreover, rise of e-commerce and growth in popularity of online shopping will create new distribution channels for meat-based flavors, providing more opportunities for the growth.
Apart from this, growth in popularity of plant-based diets is creating demand for meaty taste and texture in non-meat products. Many food manufacturers are now incorporating meat flavorings into plant-based products such as veggie burgers, tofu, and meat alternatives, creating more realistic & appealing meatless options for consumers.
In addition to these factors, the meat-based flavor market is driven by advances in food technology, which have made it possible to create more complex & delicate meat flavors using a variety of natural & synthetic ingredients. This opens new opportunities for food manufacturers to create innovative and exciting products that appeal to a wide range of tastes & preferences.
The meat-based flavor market is segmented into type, flavor, application, and region. By type, the market is bifurcated into natural meat-based flavor and artificial meat-based flavor. As per flavor, the market is divided into chicken, beef, pork, turkey, fish & seafood, and others. Depending on application, the market is classified into baked goods, soups & sauces, savory, ready meals, processed meat, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, Spain, Italy, and the rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, ASEAN, and rest of Asia-Pacific), and LAMEA (Brazil, Chile, Argentina, Saudi Arabia, UAE, South Africa, and rest of LAMEA).
Some of the key players profiled in the meat-based flavor market analysis include Essentia Protein Solutions Firmenich SA, H.E. Stringer Flavours Limited, Fooding Group Limited, Givaudan SA, Symrise AG, T. Hasegawa Co., Ltd., Kerry Group plc, International Flavors & Fragrances Inc., Koninklijke DSM N.V., Calaf Nuances S.L., P.A. Aromatics Flavors S.r.l., Archer-Daniels-Midland Company, Nikken Foods Co., Ltd., and Sensient Technologies Corporation.
The players in the market have adopted acquisition, business expansion, partnership, collaboration, and product launch as their key development strategies to increase profitability and improve their position in the market.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the meat-based flavors market analysis from 2021 to 2031 to identify the prevailing meat-based flavors market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the meat-based flavors market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global meat-based flavors market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy TypeNatural Meat Flavor
Artificial Meat Flavor
By FlavorOthers
Chicken
Beef
Pork
Turkey
Fish and Seafood
By ApplicationBaked Goods
Soups and Sauces
Savory
Ready Meals
Processed Meat
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Australia
Asean
Rest of Asia-Pacific
LAMEA
Brazil
Chile
Argentina
Saudi Arabia
UAE
South Africa
Rest of LAMEA
Key Market Players
Nikken Foods Co., Ltd.
P.A. Aromatics Flavors S.r.l.
Archer-Daniels-Midland Company
H.E. Stringer Flavours Limited
Fooding Group Limited
Symrise AG
T. Hasegawa Co., Ltd.
Essentia Protein Solutions
Givaudan SA
Calaf Nuances S.L.
Sensient Technologies Corporation
Kerry Group plc
Firmenich SA
Koninklijke DSM N.V.
International Flavors & Fragrances Inc.
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