Global Functional Non-Meat Ingredients Market Size, Share, and COVID-19 Impact Analysis by Types (Binders, Extenders, Fillers, Coloring & Flavoring Agents, and Salts & Preservatives), Distribution Channel (Offline & Online) and Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) Analysis and Forecast 2022-2030

Key Market Insights

Functional Non-Meat Ingredients Market was valued at USD 28.2 billion in 2021. The market is projected to grow USD 38.62 Billion in 2030, at a CAGR of 4.59%. Functional non-meat essentials typically change the primary foods' taste, flavor, preservation, texture, appearance, and water binding capabilities. In addition, there is a huge variety of non-meat materials that are mainly executed in the meat processing business, such as property enhancers, binders, and additives in meat and animal fats.

Furthermore, functional non-meat ingredients, also known as non-meat elements, generally have an effect on the qualities of processed meat. Moreover, functional non-meat ingredients are derived from a variety of sources, such as substances of either plant or animal origin and chemical compounds. 

COVID-19 ANALYSIS

With an unprecedented COVID-19 pandemic situation, the functional non-meat ingredient market share has a moderate impact. In addition, most of the non-meat product sales in supermarkets experienced a moderate impact on sales. Furthermore, for products sold in-store in the functional and continental categories in 2021 compared to 2019, non-meat volume consumption has increased and is expected to maintain its trend during the forecast period.

Growing Demand for Fast-Food Chains to Propel Market Growth

The global increase in the consumption of convenience foods is anticipated to boost the expansion of this market. In recent years, the per capita consumption of convenience foods has increased significantly, particularly in developing markets such as China and India. Increases in fast food consumption, discretionary income growth, and aspirational spending by the middle class have raised the market for non-meat ingredients, particularly in emerging economies.

Rising Consumption of Convenience Foods to Surge Product Demand

Several factors such as increasing demand for soy protein, starch protein, and extenders products are expected to contribute to the growth of the functional non-meat ingredients market. Moreover, as these foods promote nutrition and provide health benefits with added proteins, demand for convenience foods continues to rise in the market. Furthermore, increased incidence and increased disposable income among consumers, have further accelerated the demand for convenience foods in the market.

Stringent Government Regulations for Product to Hamper Market Growth

With an increase in the unified approach taken by meat processing centres toward regulations, various laws in different countries have their own standards and regulations across different jurisdictions. This becomes a crucial factor for functional non-meat ingredients companies to elaborate proper food chains across manifold regulations.

Furthermore, the United States Department of Agriculture (USDA), and Food Safety and Inspection Service (FSIS) which regulates the addition of injectable solutions to functional non-meat ingredients has passed FSIS inspection in terms of the amount or percentage added to the product, should be added & defined with specific appearance on the product.

Based on the types, the market is categorized into binders, extenders, fillers, coloring & flavoring agents, salts & preservatives. Based on the distribution channel, the market is categorized into offline & online. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, South America, Middle East and Africa.

The global functional non-meat ingredients market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.

North America region is dominating the market share. The food processing industry in the region is growing due to major factors such as increased competition and changing consumer behavior. Moreover, economic and social changes, becoming increasingly popular among consumers due to mainstream health perceptions and consumer time constraints, which are some of other factors boosting the functional non-meat ingredients market growth in the region.

However, Asia Pacific region is anticipated to become the fastest-growing region for functional non-meat ingredients during the forecast period. Moreover, factors such as high demand for functional non-meat ingredients, incorporation of advanced meat processing technology, and increased purchasing power due to economic development in the region are propelling the market's growth.

List of Key Companies Profiled:

• Kerry Group PLC
• Wenda Ingredients
• Wiberg GmbH
• Ohly GmbH
• DowDuPont
• Proliant Meat Ingredients
• Aliseia SRL
• Associated British Foods PLC
• Advanced Food Systems, Inc.
• Redbrook Ingredient Services Limited
• Campus SRL

Key Developments:

June 2020: Essentia Protein Solutions announced that they will introduce a new functional hybrid to their product line. These new products will incorporate pea protein and functional pork. The company intends to market this product to consumers who desire a plant-based diet while retaining the nutritional and textural qualities of meat.

June 2019- Associated British Foods Plc had an agreement with wilmar International Limited to run a new yeast factory co-located within Wilmar’s food processing plant in the Taha industrial zone in Qiqihar City, China, greatly expanding capacity.

Segmentation

By Type

Binders
Extenders
Fillers
Coloring & Flavoring Agents
Salts & Preservatives

By Distribution Channel

Offline
Online

By Region

North America- U.S., Mexico, Canada
Europe- UK, France, Germany, Italy, Spain, Rest of Europe
Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
South America- Brazil, Argentina, Colombia, Rest of South America 
The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa