Product Code: A74433
According to a new report published by Allied Market Research, titled, "Meat-Based Flavors Market," The meat-based flavors market was valued at $3.4 billion in 2021, and is estimated to reach $6 billion by 2031, growing at a CAGR of 5.8% from 2022 to 2031.
The major driver that positively impacts the market growth is change in consumer preferences. Consumers are increasingly looking for healthier and more natural alternatives to processed foods, where meat-based flavors provide a natural, authentic taste. In addition, consumers are increasingly aware of the environmental impact of their food choices, and meat flavors offer a more sustainable alternative to eating actual meat.
Moreover, increase in the global population is another trend that drives the meat-based flavor market. As the population grows, so does the demand for food, and meat flavorings are a convenient & economical way to add flavor & nutrition to a variety of foods. In addition, the growth of the food & beverages industry, especially in emerging economies, has created a huge market for meat-based flavors. Another trend in the meat-based flavor market is the use of natural & clean ingredients. Consumers are increasingly looking for products with simple & recognizable ingredients, and meat flavors made from natural ingredients are part of this trend. In addition, the use of natural & clean ingredients has been linked to health & environmental concerns.
The meat-based market has growth opportunities, with development of new innovative meat flavors such as exotic meat-based flavors. Moreover, rise of e-commerce and growth in popularity of online shopping will create new distribution channels for meat-based flavors, providing more opportunities for the growth.
Apart from this, growth in popularity of plant-based diets is creating demand for meaty taste and texture in non-meat products. Many food manufacturers are now incorporating meat flavorings into plant-based products such as veggie burgers, tofu, and meat alternatives, creating more realistic & appealing meatless options for consumers.
In addition to these factors, the meat-based flavor market is driven by advances in food technology, which have made it possible to create more complex & delicate meat flavors using a variety of natural & synthetic ingredients. This opens new opportunities for food manufacturers to create innovative and exciting products that appeal to a wide range of tastes & preferences.
The meat-based flavor market is segmented into type, flavor, application, and region. By type, the market is bifurcated into natural meat-based flavor and artificial meat-based flavor. As per flavor, the market is divided into chicken, beef, pork, turkey, fish & seafood, and others. Depending on application, the market is classified into baked goods, soups & sauces, savory, ready meals, processed meat, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, Spain, Italy, and the rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, ASEAN, and rest of Asia-Pacific), and LAMEA (Brazil, Chile, Argentina, Saudi Arabia, UAE, South Africa, and rest of LAMEA).
Some of the key players profiled in the meat-based flavor market analysis include Essentia Protein Solutions Firmenich SA, H.E. Stringer Flavours Limited, Fooding Group Limited, Givaudan SA, Symrise AG, T. Hasegawa Co., Ltd., Kerry Group plc, International Flavors & Fragrances Inc., Koninklijke DSM N.V., Calaf Nuances S.L., P.A. Aromatics Flavors S.r.l., Archer-Daniels-Midland Company, Nikken Foods Co., Ltd., and Sensient Technologies Corporation.
The players in the market have adopted acquisition, business expansion, partnership, collaboration, and product launch as their key development strategies to increase profitability and improve their position in the market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the meat-based flavors market analysis from 2021 to 2031 to identify the prevailing meat-based flavors market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the meat-based flavors market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global meat-based flavors market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Natural Meat Flavor
- Artificial Meat Flavor
By Flavor
- Others
- Chicken
- Beef
- Pork
- Turkey
- Fish and Seafood
By Application
- Baked Goods
- Soups and Sauces
- Savory
- Ready Meals
- Processed Meat
- Others
By Region
- North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Australia
- Asean
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Chile
- Argentina
- Saudi Arabia
- UAE
- South Africa
- Rest of LAMEA
Key Market Players:
- Nikken Foods Co., Ltd.
- P.A. Aromatics Flavors S.r.l.
- Archer-Daniels-Midland Company
- H.E. Stringer Flavours Limited
- Fooding Group Limited
- Symrise AG
- T. Hasegawa Co., Ltd.
- Essentia Protein Solutions
- Givaudan SA
- Calaf Nuances S.L.
- Sensient Technologies Corporation
- Kerry Group plc
- Firmenich SA
- Koninklijke DSM N.V.
- International Flavors & Fragrances Inc.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Plant-based meat alternatives
- 3.4.1.2. Growing demand for natural and clean-label ingredients
- 3.4.2. Restraints
- 3.4.2.1. Lack of information regarding meat-based flavor
- 3.4.2.2. Regulatory guidelines and restrictions
- 3.4.3. Opportunities
- 3.4.3.1. The surge in demand for international meat-based flavors
- 3.4.3.2. Increasingly adoption of a vegan diet
- 3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: MEAT-BASED FLAVORS MARKET, BY TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Natural Meat Flavor
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Artificial Meat Flavor
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: MEAT-BASED FLAVORS MARKET, BY FLAVOR
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Chicken
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Beef
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Pork
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Turkey
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
- 5.6. Fish and Seafood
- 5.6.1. Key market trends, growth factors and opportunities
- 5.6.2. Market size and forecast, by region
- 5.6.3. Market share analysis by country
- 5.7. Others
- 5.7.1. Key market trends, growth factors and opportunities
- 5.7.2. Market size and forecast, by region
- 5.7.3. Market share analysis by country
CHAPTER 6: MEAT-BASED FLAVORS MARKET, BY APPLICATION
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Baked Goods
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Soups and Sauces
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Savory
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Ready Meals
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
- 6.6. Processed Meat
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
- 6.7. Others
- 6.7.1. Key market trends, growth factors and opportunities
- 6.7.2. Market size and forecast, by region
- 6.7.3. Market share analysis by country
CHAPTER 7: MEAT-BASED FLAVORS MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Type
- 7.2.3. Market size and forecast, by Flavor
- 7.2.4. Market size and forecast, by Application
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Key market trends, growth factors and opportunities
- 7.2.5.1.2. Market size and forecast, by Type
- 7.2.5.1.3. Market size and forecast, by Flavor
- 7.2.5.1.4. Market size and forecast, by Application
- 7.2.5.2. Canada
- 7.2.5.2.1. Key market trends, growth factors and opportunities
- 7.2.5.2.2. Market size and forecast, by Type
- 7.2.5.2.3. Market size and forecast, by Flavor
- 7.2.5.2.4. Market size and forecast, by Application
- 7.2.5.3. Mexico
- 7.2.5.3.1. Key market trends, growth factors and opportunities
- 7.2.5.3.2. Market size and forecast, by Type
- 7.2.5.3.3. Market size and forecast, by Flavor
- 7.2.5.3.4. Market size and forecast, by Application
- 7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Type
- 7.3.3. Market size and forecast, by Flavor
- 7.3.4. Market size and forecast, by Application
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. Germany
- 7.3.5.1.1. Key market trends, growth factors and opportunities
- 7.3.5.1.2. Market size and forecast, by Type
- 7.3.5.1.3. Market size and forecast, by Flavor
- 7.3.5.1.4. Market size and forecast, by Application
- 7.3.5.2. UK
- 7.3.5.2.1. Key market trends, growth factors and opportunities
- 7.3.5.2.2. Market size and forecast, by Type
- 7.3.5.2.3. Market size and forecast, by Flavor
- 7.3.5.2.4. Market size and forecast, by Application
- 7.3.5.3. France
- 7.3.5.3.1. Key market trends, growth factors and opportunities
- 7.3.5.3.2. Market size and forecast, by Type
- 7.3.5.3.3. Market size and forecast, by Flavor
- 7.3.5.3.4. Market size and forecast, by Application
- 7.3.5.4. Russia
- 7.3.5.4.1. Key market trends, growth factors and opportunities
- 7.3.5.4.2. Market size and forecast, by Type
- 7.3.5.4.3. Market size and forecast, by Flavor
- 7.3.5.4.4. Market size and forecast, by Application
- 7.3.5.5. Spain
- 7.3.5.5.1. Key market trends, growth factors and opportunities
- 7.3.5.5.2. Market size and forecast, by Type
- 7.3.5.5.3. Market size and forecast, by Flavor
- 7.3.5.5.4. Market size and forecast, by Application
- 7.3.5.6. Italy
- 7.3.5.6.1. Key market trends, growth factors and opportunities
- 7.3.5.6.2. Market size and forecast, by Type
- 7.3.5.6.3. Market size and forecast, by Flavor
- 7.3.5.6.4. Market size and forecast, by Application
- 7.3.5.7. Rest of Europe
- 7.3.5.7.1. Key market trends, growth factors and opportunities
- 7.3.5.7.2. Market size and forecast, by Type
- 7.3.5.7.3. Market size and forecast, by Flavor
- 7.3.5.7.4. Market size and forecast, by Application
- 7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Type
- 7.4.3. Market size and forecast, by Flavor
- 7.4.4. Market size and forecast, by Application
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Key market trends, growth factors and opportunities
- 7.4.5.1.2. Market size and forecast, by Type
- 7.4.5.1.3. Market size and forecast, by Flavor
- 7.4.5.1.4. Market size and forecast, by Application
- 7.4.5.2. Japan
- 7.4.5.2.1. Key market trends, growth factors and opportunities
- 7.4.5.2.2. Market size and forecast, by Type
- 7.4.5.2.3. Market size and forecast, by Flavor
- 7.4.5.2.4. Market size and forecast, by Application
- 7.4.5.3. South Korea
- 7.4.5.3.1. Key market trends, growth factors and opportunities
- 7.4.5.3.2. Market size and forecast, by Type
- 7.4.5.3.3. Market size and forecast, by Flavor
- 7.4.5.3.4. Market size and forecast, by Application
- 7.4.5.4. India
- 7.4.5.4.1. Key market trends, growth factors and opportunities
- 7.4.5.4.2. Market size and forecast, by Type
- 7.4.5.4.3. Market size and forecast, by Flavor
- 7.4.5.4.4. Market size and forecast, by Application
- 7.4.5.5. Australia
- 7.4.5.5.1. Key market trends, growth factors and opportunities
- 7.4.5.5.2. Market size and forecast, by Type
- 7.4.5.5.3. Market size and forecast, by Flavor
- 7.4.5.5.4. Market size and forecast, by Application
- 7.4.5.6. Asean
- 7.4.5.6.1. Key market trends, growth factors and opportunities
- 7.4.5.6.2. Market size and forecast, by Type
- 7.4.5.6.3. Market size and forecast, by Flavor
- 7.4.5.6.4. Market size and forecast, by Application
- 7.4.5.7. Rest of Asia-Pacific
- 7.4.5.7.1. Key market trends, growth factors and opportunities
- 7.4.5.7.2. Market size and forecast, by Type
- 7.4.5.7.3. Market size and forecast, by Flavor
- 7.4.5.7.4. Market size and forecast, by Application
- 7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Type
- 7.5.3. Market size and forecast, by Flavor
- 7.5.4. Market size and forecast, by Application
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Brazil
- 7.5.5.1.1. Key market trends, growth factors and opportunities
- 7.5.5.1.2. Market size and forecast, by Type
- 7.5.5.1.3. Market size and forecast, by Flavor
- 7.5.5.1.4. Market size and forecast, by Application
- 7.5.5.2. Chile
- 7.5.5.2.1. Key market trends, growth factors and opportunities
- 7.5.5.2.2. Market size and forecast, by Type
- 7.5.5.2.3. Market size and forecast, by Flavor
- 7.5.5.2.4. Market size and forecast, by Application
- 7.5.5.3. Argentina
- 7.5.5.3.1. Key market trends, growth factors and opportunities
- 7.5.5.3.2. Market size and forecast, by Type
- 7.5.5.3.3. Market size and forecast, by Flavor
- 7.5.5.3.4. Market size and forecast, by Application
- 7.5.5.4. Saudi Arabia
- 7.5.5.4.1. Key market trends, growth factors and opportunities
- 7.5.5.4.2. Market size and forecast, by Type
- 7.5.5.4.3. Market size and forecast, by Flavor
- 7.5.5.4.4. Market size and forecast, by Application
- 7.5.5.5. UAE
- 7.5.5.5.1. Key market trends, growth factors and opportunities
- 7.5.5.5.2. Market size and forecast, by Type
- 7.5.5.5.3. Market size and forecast, by Flavor
- 7.5.5.5.4. Market size and forecast, by Application
- 7.5.5.6. South Africa
- 7.5.5.6.1. Key market trends, growth factors and opportunities
- 7.5.5.6.2. Market size and forecast, by Type
- 7.5.5.6.3. Market size and forecast, by Flavor
- 7.5.5.6.4. Market size and forecast, by Application
- 7.5.5.7. Rest of LAMEA
- 7.5.5.7.1. Key market trends, growth factors and opportunities
- 7.5.5.7.2. Market size and forecast, by Type
- 7.5.5.7.3. Market size and forecast, by Flavor
- 7.5.5.7.4. Market size and forecast, by Application
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Top player positioning, 2021
CHAPTER 9: COMPANY PROFILES
- 9.1. Firmenich SA
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
- 9.2. Kerry Group plc
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
- 9.3. Koninklijke DSM N.V.
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
- 9.4. Sensient Technologies Corporation
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
- 9.5. Archer-Daniels-Midland Company
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
- 9.6. Essentia Protein Solutions
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Key strategic moves and developments
- 9.7. Calaf Nuances S.L.
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.8. Fooding Group Limited
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.9. H.E. Stringer Flavours Limited
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.10. Nikken Foods Co., Ltd.
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
- 9.11. P.A. Aromatics Flavors S.r.l.
- 9.11.1. Company overview
- 9.11.2. Key Executives
- 9.11.3. Company snapshot
- 9.11.4. Operating business segments
- 9.11.5. Product portfolio
- 9.12. Givaudan SA
- 9.12.1. Company overview
- 9.12.2. Key Executives
- 9.12.3. Company snapshot
- 9.12.4. Operating business segments
- 9.12.5. Product portfolio
- 9.12.6. Business performance
- 9.12.7. Key strategic moves and developments
- 9.13. Symrise AG
- 9.13.1. Company overview
- 9.13.2. Key Executives
- 9.13.3. Company snapshot
- 9.13.4. Operating business segments
- 9.13.5. Product portfolio
- 9.13.6. Business performance
- 9.13.7. Key strategic moves and developments
- 9.14. T. Hasegawa Co., Ltd.
- 9.14.1. Company overview
- 9.14.2. Key Executives
- 9.14.3. Company snapshot
- 9.14.4. Operating business segments
- 9.14.5. Product portfolio
- 9.14.6. Business performance
- 9.14.7. Key strategic moves and developments
- 9.15. International Flavors & Fragrances Inc.
- 9.15.1. Company overview
- 9.15.2. Key Executives
- 9.15.3. Company snapshot
- 9.15.4. Operating business segments
- 9.15.5. Product portfolio
- 9.15.6. Business performance
- 9.15.7. Key strategic moves and developments