Meat Seasonings Market was valued US$ 4,599.4 Million in 2022 and is expected to reach US$ 8963.5 Million in 2032, likely to surge at CAGR of 6.9% during forecast period 2022-2032.
Over the last few decades, global meat consumption and production have expanded dramatically, and per capita meat consumption continues to rise in many regions of the world. However, while North America and Europe continue to lose market share, Latin America and Southeast Asia have emerged as new centres of production and consumption. The following factors contribute to the success of meat products: i) the product’s healthy image, owing mostly to its high protein/low-fat content and a balanced n-6 to n-3 PUFA ratio; and ii) its cheaper price in comparison to red meats.
The aromatic, flavouring, colouring, and spicy qualities of spices and condiments are determined by the presence of essential oils and oleoresins. The essential oils of certain spices provide antiseptic and preservation properties. Spices, in addition to adding various flavours, have antioxidant qualities and help to prevent rancid flavour formation caused by lipid oxidation.
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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.
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Key Segments
By Type:
- Pepper
- Capsicum
- Ginger
- Cinnamon
- Cumin
- Turmeric
- Nutmeg & Mace
- Cardamom
- Coriander
- Cloves
- Others
By Application:
- Meat & poultry products
- Frozen products
By End-Use:
- Hospitality
- Packaged Food Industry
By Region:
- North America
- Latin America
- Asia Pacific
- Europe
- MEA
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