Global Meat Stabilizers Blends Market to Reach US$ 6241.8 Mn by 2030
The global meat stabilizers blends market is projected to reach US$ 6241.8 Mn by the end of 2030. The market was valued at US$ US$ 2956.1 Mn in 2020. If these figures hold true, the market will exhibit a CAGR of 7.8% between 2020 and 2030. Regionally, Asia Pacific is expected to witness the fastest CAGR. North America held the leading market share of more than 30% in terms of revenue. The expansion of meat industry is expected to further drive the demand for stabilizer blends in near future.
KEY RESEARCH FINDINGS
- The global meat stabilizers blends market will register revenues worth US$ 6.2 Bn in 2030.
- Market growth will be driven by increasing consumers’ preference for convenience and organic meat products.
- Manufacturers continue to invest in plant- and animal-based sources in meat stabilizers blends market.
- Meat stabilizers blends are expected to find immense use in texturizing application.
- North America continues to maintain its supremacy; Asia Pacific (APAC) to offer lucrative growth opportunities.
KEY FACTORS MOLDING MEAT STABILIZERS BLENDS MARKET
Rising Preference for Convenience Foods
Driven by evolving lifestyle, consumers are increasingly turning to convenience food products such as snacks, beverages, and baked goods, as they require lesser time for preparation and can be handled easily. As such, these convenience food products are becoming a part of busy schedule of consumers. Meat stabilizer blends make up a meagre portion of the finished product, yet have measurable effect on final packaged items. For instance, processed meat products require wide spectrum of functional ingredients to offer optimization with regards to shelf-life, stability, viscosity, and water absorption.
COVID-19 Pandemic to Hinder Market Growth
The coronavirus (COVID-19) pandemic has been putting squeezing pressure on global economic order and, in turn, on meat stabilizers blends market. Travel restrictions, quarantines, and social distancing regulations on large-scale are resulting in notable decline in business and consumer spending until the end of Q2 of 2020. Moreover, the market is encountering backlash worldwide, driven by perception among consumers that meat products are responsible for coronavirus spread. North America and Europe, topping the list in epidemiological numbers, are observing changes in consumer patterns.
MEAT STABILIZERS BLENDS MARKET STRUCTURE ANALYSIS
- The global meat stabilizer blends market is a fragmented and competitive market with the presence of various major and small players.
- Manufacturers are focusing on R&D activities to bounce back following the impact of coronavirus.
Base year considered
Actual estimates/Historical data
2015 - 2019
2020 - 2030
Market Value in 2020
US$ 2.9 Bn
Source, Type, Function.
North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa.
Meat Cracks Technologie GmbH, Cargill Inc., Pacific Blends Ltd., International Food Products Corporation, GC Ingredients Inc., Hydrosol GmbH & Co. KG, Firmas FPS Food Processing System, Tate & Lyle PLC, Van Hees GmbH, Caragum International, REGIS Sp. z o.o., Caldic B.V.
Revenue forecast, company share, competitive landscape, growth factors, and trends
Multifunctionality of food stabilizers in various food & beverage products is driving market growth
Feed stabilizers are derived from a wide variety of natural raw materials including micro-organisms, plants of land and sea, and connective tissues of animals. They control the moisture and provide qualities in food products such as structure, flow, stability and mouthfeel. Food & beverage producers are gaining economic benefits by using mixtures and systems of food stabilizers which have increased demand for them. For example, xanthan is commonly used in bakery products to help maintain water in baking food and thus improve the food's shelf-life.
The market however may enter into a tough period as the world grapples under the spread of coronavirus or COVID-19. Overall meat consumption is likely to reduce due to rumours linking it to the spread of coronavirus. The market might have to a take a blow due to these unforeseen events.
Food Stabilizers Used in Food & Beverage Industry for Innovative Application Is a Major Area of Opportunity
The increasing population and economic growth drive the demand for food items. The ever growing global population is placing pressure on finite resource supply. High energy prices and rising cost of raw materials are influencing food prices, affecting consumers with low incomes. The growing demand for food products like bakery, meat products, snacks, snack foods, and snacks is expected to give potential growth opportunities for the industry of stabilizer blends and systems. Consumers in emerging economies are characterized by changing habits and higher disposable income, driving the processed food products market. Food additives and ingredients are important for the development of manufactured foods, which drives the markets for food additives and food ingredients
Economic Expansion to Offer Major Growth Opportunities in Developing
North America continues to dominate the global market and is expected to account for the majority revenue share over the coming years. Meat stabilisers are used widely in this region's beef and poultry industries. The increased consumption of meat products and the increasing popularity of hot dogs, bacon, and ham across several countries are contributing to increased demand for meat stabilizer blends in this area.
The US market is projected to account for the largest share of sales in this area. America is an important global source of meat from poultry and beef. The European market is predicted to see fast growth in sales over the next 10 years. There is considerably high demand for processed meat in this region, which is another factor that supports market revenue growth in this sector. The scenario however might take an unfavourable turn due to the spread of coronavirus. The U.S. is one of the worst hit countries. As the nation fights against pandemic, the market should gear up for significant changes in consumer behaviour. A similar pattern may be observed in the U.K.
The Asia Pacific market is projected to index a high CAGR over the forecast period. China is a major revenue contributor to the region’s market, on account of its large-scale production of meat products such as beef, pork, and poultry. Moreover, booming food processing industries in countries such as India, Vietnam and Pakistan are projected to exponentially surge market growth in this region. On the downside, the market may witness negative impact of the pandemic caused by COVID-19.
The animal and synthetic source segment held the leading market share
Fruit and vegetable ingredients segment forecast to higher rate of growth
Colour stabilizer segment held lion’s share in the market
Flavour enhancer segment to remain the second-lead
Food stabilizers segment holds dominance
Dairy products segment to rise at a higher CAGR
How Growth will Unfold
The food stabilizer market is driven by rising demand for convenience foods and the rising impact of westernized food consumption trends coupled with growing preference for advanced and personalized food and beverage processing mixes, which has propelled the market application of food stabilizers. There has been a rising increase in market demand for prepared and convenient food items such as baked goods, cookies, cereal, ice-cream, drinks and other ready-made meals. This is due to the benefits of convenience food such as less preparation time and easy handling which gives consumers an advantage in their busy lifestyle schedule. Food stabilizers make up a very small part of the final product, but they have a significant impact on the final packaged product.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Meat Stabilizers Blends Market: Global Industry Analysis 2015-2019 & Opportunity Assessment 2020-2030
A recent market study published by Future Market Insights on the Meat Stabilizers Blends Market offers global industry analysis for 2015-2019 & opportunity assessment for 2020-2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the Meat Stabilizers Blends Market, the growth prospects of the market are obtained with maximum precision.
Meat Stabilizers Blends Market Taxonomy
The global Meat Stabilizers Blends market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Color Stabilizer
- Flavor Enhancer
- pH Stabilizer
- Moisture Retention
- Thickening Agent
- Meat Processing
- Food Premixes
- Pet Food
- North America
- Latin America
- East Asia
- South Asia
The executive summary of the Meat Stabilizers Blends Market includes the market proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Meat Stabilizers Blends Market.
Readers can find the detailed segmentation and definition of the Meat Stabilizers Blends Market in this chapter, which will help them understand basic information about the Meat Stabilizers Blends Market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the Meat Stabilizers Blends Market report.
The associated industry assessment of the Meat Stabilizers Blends Market is carried out in this section. The macroeconomic factors affecting growth of the Meat Stabilizers Blends Market are provided in this section and the impact of these macroeconomic indicators on the Meat Stabilizers Blends Market is analyzed. The processing overview and technological advancements in the Meat Stabilizers Blends Market is also provided.
Profit margins at each level of the Meat Stabilizers Blends Market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the Meat Stabilizers Blends Market.
The drivers and restraints impacting the growth of the Meat Stabilizers Blends Market are explained in this chapter. Opportunities and ongoing trends in the Meat Stabilizers Blends Market are also comprehensively discussed.
This chapter includes detailed analysis of the historical Meat Stabilizers Blends Market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2019 - 2020) and incremental opportunity for the forecast period (2020-2030).
Based on Source, the Meat Stabilizers Blends Market is segmented into plant-based, seaweed, yeast and animal-based. In this chapter, readers can find information about key trends and developments in the Meat Stabilizers Blends Market and market attractiveness analysis based on raw material.
Based on Type, the Meat Stabilizers Blends Market is classified into Gum, Pectin, Carrageenan and Gelatin. This part also offers market attractiveness analysis based on Type.
Based on Function, the Meat Stabilizers Blends Market is classified into color stabilizer, flavor enhancer, ph stabilizer, emulsifier, moisture retention, and thickening agent. This part also offers market attractiveness analysis based on Function.
Based on End use, the Meat Stabilizers Blends Market is classified into Meat Processing, Food Premixes, Foodservice, and Pet Food. This part also offers market attractiveness analysis based on End use.
This chapter explains how the Meat Stabilizers Blends Market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.
This chapter includes a detailed analysis of the growth of the Meat Stabilizers Blends Market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in the North America region.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the Meat Stabilizers Blends Market in Latin America. This chapter also includes growth prospects of the Meat Stabilizers Blends Market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the Meat Stabilizers Blends Market based on its end users in several countries such as Germany, U.K., France, Italy, Spain, BENELUX, Nordic, Russia, Poland, and the Rest of Western Europe are included in this chapter.
In this chapter, readers can find information about key trends and developments in the key countries of South Asia such as India, Thailand, Malaysia, Indonesia, Singapore, and Rest of South Asia Meat Stabilizers Blends Market.
This chapter includes a detailed analysis of the growth of the Meat Stabilizers Blends Market in the East Asia region, along with a country-wise assessment that includes, Japan, China, and South Korea. Readers can also find regional trends, regulations, and market growth based on end users and countries in the APEJ region.
This chapter offers insights into how the Meat Stabilizers Blends Market is expected to grow in major countries in the Middle East region such as Australia and New Zealand, during the forecast period 2020-2030.
This chapter contains information about the market growth of Meat Stabilizers Blends in Middle East region such as GCC Countries, South Africa, North Africa, and the Rest of Middle East, during the forecast period 2020-2030.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Meat Stabilizers Blends Market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the Meat Stabilizers Blends Market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Meat Cracks Technologie GmbH, Cargill Inc., Pacific Blends Ltd., International Food Products Corporation, GC Ingredients Inc., Hydrosol GmbH & Co. KG, Firmas FPS Food Processing System, Tate & Lyle PLC, Van Hees GmbH, Caragum International, REGIS Sp. z o.o. and Caldic B.V..
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Meat Stabilizers Blends report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the Meat Stabilizers Blends Market.
How the research was conducted?
- C - Level Executives
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- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
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- Food and Agriculture Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
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Primary Interview Splits