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Blended Meat Market Analysis

  • Report ID: GMI11557
  • Published Date: Sep 2024
  • Report Format: PDF

Blended Meat Market Analysis

The blended meat industry for beef blends is anticipated to reach USD 42.2 billion by 2032, growing at a CAGR of over 12% during the forecast period. Beef blends play a crucial role in the blended meat industry, driven by consumer preferences for familiar flavors and textures. These products offer a versatile solution for reducing overall meat consumption while enhancing nutritional profiles with plant-based ingredients.
 

Beef blends cater to the growing flexitarian market, appealing to consumers seeking healthier options without compromising taste. The applications in burgers, meatballs, and ready-to-eat meals expand market opportunities. Furthermore, increasing awareness of sustainability and environmental impact positions beef blends as a favorable choice among environmentally conscious consumers. This trend is expected to drive innovation and product development within the blended meat sector.
 

Blended Meat Market Revenue Share, By Form, (2023)

The blended meat market share in the fresh form will observe around 12.4% CAGR through 2032 with a market size of USD 38.8 billion. The fresh form segment in the blended meat industry is expanding, driven by consumer demand for high-quality, minimally processed foods. Fresh blended meat products, including patties and sausages, offer a convenient option for health-conscious consumers seeking flavorful alternatives.
 

This segment aligns with the trend toward fresh and local ingredients, addressing preferences for transparency in sourcing. Fresh forms enable diverse culinary applications, appealing to both home cooks and the foodservice industry. As awareness of sustainable eating increases, fresh blended meat products cater to consumers aiming to reduce meat consumption while maintaining taste and quality.
 

The blended meat market share from the food service segment will observe around 12.2% CAGR through 2032 with a market size of USD 43.3 billion. The food service industry is rapidly expanding its use of blended meat as restaurants and catering businesses seek to meet consumer demand for healthier and more sustainable menu options. Blended meat provides chefs with versatility, enabling them to create flavorful dishes while reducing overall meat usage and costs.
 

These products can be incorporated into various dishes such as burgers, tacos, and pasta, appealing to both meat enthusiasts and flexitarians. The increasing focus on sustainability and responsible sourcing in dining experiences further enhances the appeal of blended meat offerings. As more food service establishments adopt these products, they contribute to a shift in consumer eating habits towards more sustainable options.
 

North America Blended Meat Market Size, 2021- 2032 (USD Billion)

North America blended meat market will record USD 36.5 billion and 11.9% CAGR during 2024 and 2032. The North American blended meat industry is experiencing significant growth, fueled by increasing consumer demand for healthier and more sustainable food options. The region is at the forefront of innovation, with major food manufacturers developing hybrid products that combine traditional meat with plant-based ingredients.
 

The rising popularity of flexitarian diets and growing concerns about health and environmental impacts are driving demand for blended meat products, particularly in the fast food and casual dining sectors. Retail channels are also embracing these products, with grocery stores expanding their blended meat offerings. Furthermore, partnerships between traditional meat producers and plant-based companies are enhancing product diversity, solidifying North America's position as a key player in the global blended meat industry.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of blended meat reached USD 39.1 billion in 2023 and is set to grow at a CAGR of over 12.7% from 2024 to 2032.

The beef blends segment is projected to reach USD 42.2 billion by 2032, growing at a CAGR of over 12.0%, appealing to flexitarian consumers seeking familiar flavors and nutritional enhancements.

The fresh form segment is expected to observe around a 12.4% CAGR through 2032, reaching a market size of USD 38.8 billion, driven by demand for high-quality, minimally processed foods.

The North American market is expected to reach a size of approximately USD 36.5 billion, growing at an 11.9% CAGR from 2024 to 2032, driven by health and sustainability concerns.

Major companies operating in the industry include Associated British Foods, Beyond Meat, Hormel Foods, Kerry Group, Perdue Farms, Pure Farmland, Smithfield Foods, Sweet Earth, Inc., and Tyson Foods.

Blended Meat Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 9
  • Tables & Figures: 172
  • Countries covered: 18
  • Pages: 200
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