Meat Seasonings Market Estimated To Experience A Hike in Growth Global Industry Size, Growth, Segments, Revenue, Manufacturers
Meat Seasonings Market was valued US$ 4,599.4 Mn in 2022 and is expected to reach US$ 8963.5 Mn in 2032, likely to surge at CAGR of 6.9% during forecast period 2022-2032.
In the past few decades, the worldwide consumption and
production of meat have increased rapidly and, in many parts of the world, per
capita consumption of meat is continuing to grow. However, regions like North
America and Europe, are gradually losing market shares, regions like Latin
America and Southeast Asia have become new centers of production and
consumption. Reasons for the success of meat products are: i) the healthy image
of the product, mainly due to the high protein/ low-fat content coupled with a
balanced n-6 to n-3 PUFA ratio; ii) lower price with respect to red
meats.
Rich presence of essential oils and oleoresins determine the
aromatic, flavoring, coloring and pungent properties of spices and condiments.
Antiseptic and preservative property of certain spices is due to the essential
oils. In addition to imparting distinctive flavors, spices contain antioxidant
properties and inhibit rancid flavor development associated with lipid
oxidation.
Meat Seasonings
Market: Drivers & Restraints
Key factors which are boosting the growth of meat seasonings
are the consumption of processed food. Also, the driving factor for meat
seasonings is usage in organic meat products. Organic poultry market is growing
at a considerable rate. Increase in consumption of meat products in Latin
America and South East Asia has further fuelled meat seasonings market.
Rising demand for pork meat, greater emphasis on the
processed meat and poultry products, the rise in consumer preference toward protein-rich
food has been the driving factor of meat seasonings market. Few of the factors
which have affected meat seasonings market is perceived health risk of eating
meat. As USDA and other government agencies have put more energy toward
promoting healthy lifestyles; new regulations for the supply of processed meat
may impact meat seasonings market.
Overall, the global market for Meat Seasonings is expected
to increase considerably by the end of forecast period. Meat Seasonings market
for the Asia Pacific is also expected to witness rapid growth during the
forecast period primarily attributed to the growth of food and beverage
industry, especially in China and India. The Meat Seasonings market is growing
at a faster rate and is expected to grow at high CAGR in forecasted
years.
Few players
identified in Meat Seasonings market are:-
- McCormick
& Company
- Associated
British Foods PLC
- Kerry
Group PLC
- Olam
International Limited
- Ajinomoto
Co., Inc
- Ariake
Japan Company
- SHS
Group
- Dohler
Group
The research report presents a comprehensive assessment of
the market and contains thoughtful insights, facts, historical data, and
statistically supported and industry-validated market data. It also contains
projections using a suitable set of assumptions and methodologies. The research
report provides analysis and information according to market segments such as
geographies, application, and industry.
The report
covers exhaust analysis on
- Market
Segments
- Market
Dynamics
- Market
Size
- Supply
& Demand
- Current
Trends/Issues/Challenges
- Competition
& Companies involved
- Technology
- Value
Chain
The report is a compilation of first-hand information,
qualitative and quantitative assessment by industry analysts, inputs from
industry experts and industry participants across the value chain. The report
provides in-depth analysis of parent market trends, macro-economic indicators
and governing factors along with market attractiveness as per segments. The
report also maps the qualitative impact of various market factors on market
segments and geographies.
Meat Seasonings
Market: Market Segmentation
Meat Seasonings market is segmented into four parts based on
the types, industrial application, end users type, and geography.
Based on the type meat seasonings market is segmented
into:
- Pepper
- Capsicum
- Ginger
- Cinnamon
- Cumin
- Turmeric
- Nutmeg
& Mace
- Cardamom
- Coriander
- Cloves
- Others
Based on the application meat seasonings market is segmented
into:
- Meat
& poultry products
- Frozen
products
Based on the end use, meat seasonings market is segmented
into:
- Hospitality
- Packaged
Food Industry
Frequently Asked
Questions
What is the Growth Outlook for the Meat Seasonings Market?
Who are the Key Players in the Meat Seasonings Market?
What is the Future of the Meat Seasonings Market?
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