Meat Stabilizers Blends Market Analysis Report By Source, By Application And Segment Forecasts From 2019 To 2025

Industry Insights

The global meat stabilizers blend market size was worth USD 1.99 billion in the year 2018. The product demand is expected to grow in countries like India and China owing to their various applications. Furthermore, the value of stabilizing agents for smoothness and textures of end products is predicted to boost the market.

There is a rising inclination among millennial consumers for dining out due to change in lifestyles along with rising purchasing power. According to a report by the United States Department of Agriculture, around 44% of total spending by millennial consumers is on food consumption. The increasing work-life imbalance among the working population has been a reason for this pattern in developing economies. This factor is expected to positively affect the meat stabilizers market growth.

The demand for organic products is rising especially in countries like Germany, U.S., U.K., and France which will further extend its application in the industry. Manufacturers are focusing on introducing innovative products to expand the customer base. The number of organic meat products is rising thus, creating an opportunity for the segment to boost the utility of different stabilizing additives.

The introduction of stabilized blends has resulted in better quality and taste of finished products. The taste is maintained by adding additives and reducing the fat content of the product.

Source Insights

The largest share of this segment was held by synthetic and animal sources accounting for 55% of the entire revenue. Blood plasma is an extensively used stabilizer that works as a clarifier, color additive, nutritional component, and emulsifier. The product has higher demand due to its features of providing color and texture to processed food like cooked ham and hot dogs and forming a gel.

The plant division is projected to grow with a CAGR of 8.5% over the forecast period. The demand is expected to grow further due to the constant R&D catered by manufacturers as plant-based food additives. U.K., Germany, and the U.S. have fueled the demand for natural products thus boosting the overall segment.

Application Insights

The meat processing industry accounted for 70% of the revenue, in 2018. The growth of the broiler meat industry in countries like China, India, and Brazil owing to increased expenditure on technology and lower cost of production is expected to drive the meat stabilizer blends market. Moreover, increased demand for frozen meat in Germany and the U.S. among millennials is also expected to boost the segment.

The HoReCa is expected to grow at a CAGR of 8.3% for the period, 2019 to 2025. A survey proves that around 18% of the European population eats their meals outside. Thus, creating a lucrative opportunity for restaurants, cafes, and drinking places. The growing coffee shops in countries like India, Brazil, and China coupled with the popularity of online food services are expected to accelerate the market.

Regional Insights

North America was the largest market, in 2018, with 30% of the market share. One of the major reasons for the same includes the consumption of bacon, sausages, hot dogs, and ham. The U.S. is one of the top producers of poultry meat and beef.

Europe held a notable market share in 2018, due to increasing requirements for processed food. Since a large number of European population eats outside their homes, the foodservice sector is expected to expand in the upcoming years.

Asia Pacific is expected to grow at a CAGR of 10% over the forecast period. China became one of the leading producers of pork, beef, and other meat products. Other countries witnessing growth include Pakistan, India, Vietnam, and Indonesia.

Meat Stabilizers Blends Market Share Insights

The key players include DowDuPont Inc.; Cargill, Incorporated; The Archer Daniels Midland Company; Tate & Lyle PLC; The Meat Cracks Technologie GmbH; Palsgaard A/S; Hydrosol GmbH & Co. KG; Ingredion Incorporated; and Ashland. The market is scattered in nature owing to the presence of several small and large players.

The manufacturers aim to enter regional markets to expand their businesses. For example, Kerry Group plc, in September 2018, established its first production unit in Russia. It catered to producing snacks and meat processing ingredients.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For this study, Million Insights has segmented the global meat stabilizers blends market report based on source, application, and region:

• Source Outlook (Revenue, USD Million, 2015 - 2025)
    • Plant
    • Seaweed
    • Animal
    • Microbial
    • Synthetic

• Application Outlook (Revenue, USD Million, 2015 - 2025)
    • Meat Processing
    • HoReCa
    • Pet Food

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • the Asia Pacific
        • China
        • India
    • Central & South America
        • Brazil
    • Middle East & Africa
        • South Africa