Meat Flavors Market Forecasts to 2028 – Global Analysis By Flavor Type (Beef, Pork, Turkey, Chicken), Nature (Artificial, Natural), Application (Soups, Ready-to-Eat Meals, Snacks, Meat Analogues, Pet Food, Baked Goods, Sauces, Savory, Processed Meat, Othe

Meat Flavors Market Forecasts to 2028 – Global Analysis By Flavor Type (Beef, Pork, Turkey, Chicken), Nature (Artificial, Natural), Application (Soups, Ready-to-Eat Meals, Snacks, Meat Analogues, Pet Food, Baked Goods, Sauces, Savory, Processed Meat, Other Applications) and By Geography

According to Stratistics MRC, the Global Meat Flavors Market is accounted for $3.22 billion in 2022 and is expected to reach $5.00 billion by 2028 growing at a CAGR of 7.6% during the forecast period. Meat flavors are compounds that give food a meaty or Umami flavour while changing the properties of the food itself, namely the chemical senses of taste and smell. The flavour of the meat may be artificial or natural. The most popular flavouring is artificial, and in most cases, it is manufactured in a lab by carefully simulating the flavour and aroma of animal meat without using any animal sources. Natural flavouring typically comes in the form of broths and comes from a meat source.

Market Dynamics:

Driver:

Vegan Trend Fuels Demand for Exotic Food Flavors

One of the major drivers of the global market for meat flavours is the rising propensity of consumers all over the world toward veganism. Consumers are gravitating toward a vegan diet as a result of the health problems caused by excessive or regular intake of meat and meat products. For the growing vegan population who prefer the flavour of meat, meat tastes are emerging as a healthy alternative.

Restraint:

Increasing Availability of Plant-based Substitutes

Due to the growing popularity of veganism and vegetarianism, food processing companies are developing novel plant-based products to replace meat-based products. The industry's greatest difficulty is that meat-free diets are becoming a popular choice among consumers because they are fun, healthy, and trendy. Furthermore, growing concerns about animal welfare have rapidly shifted consumer preferences away from animal products and toward plant-based products. Major corporations are investing in the development of plant-based meat extract substitutes that have a savoury flavour similar to the product. The increasing availability of such plant-based extract substitutes is the primary impediment to market growth.

Opportunity:

Improvement in Product Quality through R&D Helps Manufacturers

Meals with meat flavour offer a variety of desirable tastes, including meat, cattle, chicken, pig, fish, and others. Processed foods, ready-to-eat meals, soups and sausage, instant noodles, baked goods, savoury, and other food products are the main applications for meat flavours. Due to the rising demand for protein and nutrients, meat eating is becoming more and more popular, which is one of the main drivers of the global market for meat flavours. With the use of science and technological R&D, meat flavours can be added to a variety of culinary products.

Threat:

Growing trends in vegetarianism

Vegetarianism is on the rise, with buyers in almost every country looking for ways to reduce their meat consumption. Due to pandemic, the risks of pollution from the livestock industry, increased awareness of the environmental effects of food, and an increased demand for plant-based products based on informed decisions about responsible eating and consumption, more and more companies are offering new products to a population that is increasingly open to trying alternatives to animal meat.

Covid-19 Impact

Restaurants restricting takeout during the COVID-19 pandemic, as well as concerns about the growing number of corona virus cases, forced people to cook at home, increasing consumption of ready-to-eat products. As COVID-19 restrictions have allowed people to expand their culinary involvement and bring the joy of eating at home, the ready-to-eat food segment is experiencing rapid growth. Consumers purchased ready meals because they were more convenient and had a longer shelf life. As a result, the increased consumption of ready-to-eat meals increased demand for these extracts.

The Beef segment is expected to be the largest during the forecast period

The Beef segment is estimated to have a lucrative growth, due to its strong savoury flavour The increasing use of beef flavours in seasonings and coatings, sauces, and marinades is beneficial to the segment's growth. Beef extract is also used in processed foods as a flavour enhancer and food additive. The use of beef extract in fortified beverages is increasing as the nutritional value of regular bottled beverages increases. Furthermore, prominent manufacturers are developing organic and additive-free beef extracts in response to the emerging trend for clean-label products.

The processed meat segment is expected to have the highest CAGR during the forecast period

The processed meat segment is anticipated to witness the fastest CAGR growth during the forecast period. Processed meat is defined as any meat that has been altered in order to improve its flavour or extend its shelf life. Processed meat is typically made up of pork or beef, but it can also include poultry, offal, and meat by-products such as blood. Bacon, ham, sausages, salami, corned beef, jerky, hot dogs, lunch meat, canned meat, chicken nuggets, and meat-based sauces are examples of processed meat products.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to food & beverages industry. This is origin point the region's sizable consumer base and one of the world's fastest-growing economies, Asia Pacific. Half of the countries and people in the world get their food from Asia Pacific. There are a lot of people that eat meat in these nations. Additionally, rising income levels spent on food and drink items are promoting the market for meat flavours across Asia and the Pacific.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period. European customers are among the long-time users of meat and meat products, and they constantly want new sensory flavours and tastes in their cuisine. The market for meat flavours is expanding in Europe as a result of the rising desire for novel and distinctive flavours. Numerous consumers of meat and meat products in Europe support the enormous earnings potential. On the strength of flavours for plant-based meat, the market for meat flavours in Europe is also booming.

Key players in the market

Some of the key players profiled in the Meat Flavors Market include International Flavors & Fragrances Inc., Innova Flavors, H E Stringer flavors Ltd., Archer Daniels Midland, Nactis Flavors, Pet Flavors Inc., Shanghai Kayson Flavor & Fragrance Co., Ltd., Trilogy Essential Ingredients, Inc., Firmenich SA, Symrise AG, Kerry Group plc, Nikken Foods Co., Ltd., Cargill Inc, Maggie and Koninklijke DSM N.V.

Key Developments:

In September 2021, Archer Daniels Midland company expanded its global nutrition capabilities with the inauguration of a state-of-the-art and fully automated flavor production facility in the Pinghu District in China. It is a 27,000 sq. meter flavor production facility equipped with advanced dosing technology and labs specifically dedicated to flavor development.

Flavor Types Covered:
• Beef
• Pork
• Turkey
• Chicken
• Other Flavor Types

Natures Covered:
• Artificial
• Natural
• Other Natures

Applications Covered:
• Soups
• Ready-to-Eat Meals
• Snacks
• Meat Analogues
• Pet Food
• Baked Goods
• Sauces
• Savory
• Processed Meat
• Other Applications

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

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements