Global Meat Flavors Market - Segmented by Product Type, Source, Application and Geography - Trends, Growth and Forecasts 2017 - 2022

  • ID: 4387622
  • Report
  • Region: Global
  • 159 pages
  • Mordor Intelligence
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The Global Meat Flavors Market is expected to reach USD XX Billion by 2021 from USD XX Billion in 2016, witnessing a CAGR of XX% during the forecasted period. Meat flavors are substances that give food a meaty or Umami flavor, altering the characteristics of the food substance, namely the chemical senses of taste and smell. The meat flavor can be natural or artificial. Artificial flavoring is the most widely used, in most cases it does not contain any animal source, it is instead made in the laboratory by carefully mimicking the taste and smell of the animal meat. Natural flavoring contains a meat source, and is usually available in the form of broths. The market is further segmented into source type into Beef, Chicken, Pork, Turkey, Shrimp, Fish, and Others. Chicken has the largest percentage of the market share because of few cultural restrictions of the meat especially in the Islamic and Jewish dominated nations. Beef has the second largest market share, being especially popular in the North American and European nations. Applications of meat flavors include; Soups and Sauces, Ready meals, Savories, Baked Goods, and Others. Soups and sauces make up the XX% of the market share with instant noodles following close behind.

The market is further segmented on basis of region, into North America, Europe, Asia Pacific, Africa and South America. North America is the main market for Meat flavors with the United States making up the largest market share in the continent. This is due to the high consumption of processed food in the country. The Asian market comes in next with meat flavors being very popular in cuisines in countries like Japan, South Korea, and China. The meat flavors in the Asian region are heavily used in the instant noodle industry. A few major companies and several small manufacturers in the region dominate the market.

Due to globalization consumers taste have evolved, with consumers craving newer flavors and tastes. This has given great stimulus to the meat flavors market. Along with globalization, increasing disposable income in developing nations is giving a great push to the meat flavors market with consumers opting for ready-to-eat food to match their fast paces urban lifestyle. Moreover, the increasing demand for the ready to eat and processed food demands greater use of meat flavors in the production further giving impetus to the market. The Growing trends in vegetarianism is a major restrain in the market with more and more people opting for a vegetarian lifestyle. Constraints are also seen in the form of regulatory requirements in food additives, with animal derived flavors seeing a greater regulation due to risk of contamination. As most of the meat flavors are applied to ready to eat food, increasing awareness among consumers about the negative health effects of processed food consumption is also a limiting factor in the market. Opportunities can be seen in the form use of meat flavors to new and novel food items and application in new industries. The wider acceptance of GSFA among nations improves international trade of meat flavors. Innovations to meet the wellness demand of the consumers by introducing organic meat flavors is also giving new opportunity in the market.

Major Companies in the Sector Include:

To gain market share, these companies are adapting numerous market strategies like innovative product development, partnerships, mergers & acquisitions, and expansion of existing facilities.

Key Deliverables:

Market analysis for the Global Meat Flavors Market, with region specific assessments and competition analysis on global and regional scales

Market definition along with the identification of key drivers and restraints

Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale

Extensively researched competitive landscape section with profiles of major companies along with their market shares

Identification and analysis of the macro and micro factors that affect the Global Meat Flavors Market on both global and regional scales

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information

A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market

Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
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1. Introduction
1.1 Key Deliverables of the study
1.2 Study Assumptions
1.3 Market Definition
2. Research Approach & Methodology
2.1 Introduction
2.2 Research Designs
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation
3. Key Findings
4. Market Overview
4.1 Drivers
4.1.1 Globalization of consumer tastes
4.1.2 Increasing disposible income in developing nations
4.1.3 Increasing demand for the ready to eat and processed food
4.2 Restraints
4.2.1 Growing trends in vegetarianism
4.2.2 Constrains due to regulatory requirements
4.2.3 Increasing awareness of negetive health effects of processed food consumption
4.3 Opportunities
4.3.1 Application of meat flavors to new and novel food items
4.3.2 Wider acceptence of GSFA for improved international trade
4.3.3 Innovations to meet the wellness demand
4.4 Porter Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. Market Segmentation
5.1 By Type
5.1.1 Natural Meat Flavoring
5.1.2 Artifical Meat Flavoring
5.2 By Source
5.2.1 Beef
5.2.2 Chicken
5.2.3 Pork
5.2.4 Turkey
5.2.5 Shrimp
5.2.6 Fish
5.2.7 Others
5.3 By Application
5.3.1 Soups and Sauces
5.3.2 Instant Noodles
5.3.3 Ready meals
5.3.4 Savouries
5.3.5 Baked Goods
5.3.6 Others
5.4 By Geography
5.4.1 North America United States Canada Mexico Others
5.4.2 Europe Spain UK France Germany Russia Italy Others
5.4.3 Asia Pacific China India Japan Australia Others
5.4.4 South America Brazil Argentina Others
5.4.5 Africa South Africa Others
6. Competitive Landscape
6.1 Mergers & Acquisitions
6.2 Joint Ventures
6.3 New Product Launches
6.4 Most active companies in the past five years
6.5 Market Share Analysis
7. Company Profiles
7.1 Kerry Group
7.2 Cargill Inc
7.3 BASF
7.4 Dupont- Danisco
7.5 International Fragrance and Flavours, Inc.(IFF)
7.6 D.D. Williamson & Co Inc.
7.7 Archer Daniels Midland(ADM)
7.8 Kerry Group
7.9 Innova Flavors
7.10 IDF
7.11 Corbion Purac
7.12 Sensient
7.13 Firmenich
8. Appendix
8.1 Disclaimer
8.2 Sources
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Note: Product cover images may vary from those shown