The
global meat stabilizers blends market size is expected to
reach USD 3.25 billion by 2025, according to a new report by Grand View
Research, Inc. It is projected to register a CAGR of 7.2% during the forecast
period. Growing demand for ready to cook and processed food has been driving
the growth. Rising trend of eating out among millennials is widening the scope
of product demand in the food service sector.
The
plant segment is projected to witness the fastest CAGR of 8.5% from 2019 to
2025. Rising consumer preference for plant-based additives is expected to
remain a key driving factor for this segment in near future. Producers in the
meat stabilizer blends market are also investing in R&D of plant-based
products to cater to the growing consumer demand.
Based
on application, the meat processing sector held the largest market share in
terms of revenue due to the rapid expansion of this industry. Over the past few
years, developed countries including U.S., U.K., Germany, France, and the
Netherlands have been witnessing a high demand for processed beef and pork.
Furthermore, favorable government policies aimed at promoting investments in
food processing industry of China and India is projected to open new avenues in
near future.
In
2018, North America and Europe held more than 50% of the global meat
stabilizers blends market share. On the other hand, Asia Pacific is projected
to register the fastest CAGR of more than 10% from 2019 to 2025. This growth is
attributed to increasing importance of developing countries including China and
India as manufacturing destinations of broiler meat. Furthermore, strong market
movement for frozen meat products in developed countries including Australia,
Japan, and South Korea as a result of application growth among working class
professionals is projected to have a strong impact.
For Full Research Report On Meat Stabilizers Blends Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/meat-stabilizers-blends-market
Further key findings from the report suggest:
- North
America held the largest market share of more than 30% in 2018
- In terms
of revenue, meat processing is anticipated to hold the largest market
share during the forecast period
- HoReCa
or food service application is projected to foresee the fastest CAGR of
8.3% from 2019 to 2025
- Plant
sources is expected expand at a fastest CAGR of over 8% from 2019 to 2025
- Key
competitors in the meat stabilizers blends market include Cargill,
Incorporated; The Meat Cracks Technologie GmbH; DowDuPont Inc.; Kerry
Group plc; Tate & Lyle PLC; The Archer Daniels Midland Company;
Palsgaard A/S; Hydrosol GmbH & Co. KG; Ashland; and Ingredion
Incorporated
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Grand
View Research has segmented the global meat stabilizers blends market on the
basis of source, application, and region:
Meat Stabilizers Blends Source Outlook (Revenue, USD Million, 2015 -
2025)
- Plant
- Seaweed
- Animal
- Microbial
- Synthetic
Meat Stabilizers Blends Application Outlook (Revenue, USD Million, 2015
- 2025)
- Meat
Processing
- HoReCa
- Pet Food
Meat Stabilizers Blends Region Outlook (Revenue, USD Million, 2015 -
2025)
- North
America
- U.S.
- Europe
- Germany
- U.K.
- Asia
Pacific
- China
- India
- Central
& South America
- Brazil
- Middle
East & Africa
- South
Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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