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Meat Flavor Market Trends

Report ID: GMI11571
Published Date: Sep 2024
Report Format: PDF

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Meat Flavor Market Trends

The meat flavor industry is experiencing significant growth, driven by several factors. According to the United States Department of Agriculture (USDA), global meat production reached 339 million metric tons in 2021, indicating a substantial market for meat flavors. The trend towards plant-based alternatives is also influencing the market. The National Institutes of Health reports that plant-based meat sales in the U.S. grew by 45% in 2020, suggesting an increased demand for meat-like flavors in these products. Consumer preferences are shifting towards natural and clean-label products.

The Food and Drug Administration (FDA) has reported a 5% annual increase in the number of food products with natural claims from 2017 to 2021. This trend is likely influencing the meat flavor industry to develop more natural flavor options. The fast-food sector, a major user of meat flavors, continues to expand globally.

The Bureau of Labor Statistics notes that employment in the fast-food industry in the U.S. grew by 7% from 2020 to 2022, indicating sector growth and potential increased demand for meat flavors. Innovation in flavor technology is ongoing, with a focus on sustainability and allergen-free options. The USDA's Agricultural Research Service has increased its budget for food processing and sensory research by 3% annually since 2018, supporting advancements in this field.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of meat flavor reached USD 3.9 billion in 2023 and is set to grow at a CAGR of over 7.6% from 2024 to 2032, led by urbanization, busy lifestyles increasing demand for processed and ready-to-eat foods, and a significant rise in plant-based meat alternatives.

The beef flavor segment is projected to reach USD 2.4 billion by 2032, growing at a CAGR of over 6.9%. It is widely used in processed foods and is particularly popular among consumers seeking rich, savory flavors.

The powdered meat flavor segment is expected to observe a CAGR of around 7.2%, reaching USD 3.2 billion by 2032. These flavors are favored for their versatility and extended shelf life, particularly in snacks and ready meals.

The soups, sauces, and gravies segment is anticipated to grow at a CAGR of 6.9%, reaching USD 2.4 billion by 2032. These flavors are essential for enhancing culinary staples and meeting consumer demand for quick, flavorful meal solutions.

North America is expected to achieve a market size of approximately USD 2.6 billion with a CAGR of 7.4% during the 2024-2032 period. The high demand for processed foods and savory snacks drives this growth, particularly in the U.S. and Canada.