Pates Market Size, Share & Trends Analysis Report By Product Type (Chicken, Fish, Duck), By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2019 - 2025

Pates Market Size, Share & Trends Analysis Report By Product Type (Chicken, Fish, Duck), By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2019 - 2025

The global pates market size is anticipated to reach a value of USD 1.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 1.3% over the forecast period. Changes in food preference, consumption of processed food, and adoption of western cuisines are the prime factors driving the market. Advancements in techniques to increase the shelf life of processed food and still provide the best quality, especially for meat products, are accelerating the growth of the global market.

The pate, which originally contained liver of chicken and other poultry, is now manufactured using beef, pork, and fish. Moreover, some manufacturers have introduced vegetarian pate, which is generally made up of cheese. For instance, The Tapas Lunch Co. provides a variety of pates such as Spicy Iberian, Black Pudding, Manchego Cheese, and Iberican.

Europe was the largest regional pate market, accounting for a share of more than 45.0% in 2018 owing to high consumption in this region. In Europe, meat spreads are most commonly consumed with baguette and crispy toasts. It is also used in main dishes such as Beef Wellington, wherein mushroom pate is spread on fillet steaks and enclosed in a pastry. Balltone is another popular dish in which pate is used as a filling to the chicken breast. This food product is most popularly consumed in the form of a spread, however as a result of innovation, it is also consumed as a loaf or in slices.

The chicken pate held the largest share of 35.4% in 2018 owing its low cost and high source of proteins. Meat spread was originally made using chicken and duck meat, therefore these categories have a larger market share and are popular. However, this food product has evolved as a flavorful and economic way to use different meats by the companies.

The market is dominated by key players including Patchwork Traditional Rods, Pyman Pates, Lovefood, Braehead Foods Ltd., Kinsale Bay Foods, Danhull Prepared Foods, Tesco, and Waitrose & Partners. Competitive strategies include product development and innovation in preservatives to maintain the quality of meat and increase shelf life.

Further key findings from the report suggest:

• The global pate market is expected to expand at a CAGR of 1.3% from 2019 to 2025
• The chicken product type held the largest share of 35.4% in 2018
• Europe held the largest share of more than 45.0% in 2018.