(Entertainment-NewsWire.com, July 20, 2017 ) According to Publisher, the global functional non-meat ingredients market accounted for $28.2 billion in 2015 and is expected to grow at a CAGR of 4.59% to reach $38.62 billion by 2022. Rising demand for processed meat, rapidly growing food processing industry in emerging regions and increasing consumption of convenience foods are the factors driving the market growth. Outbreaks of livestock diseases and government regulations regarding quality of meat are the factors restraining the market. Increase in purchasing power of customers in Asia Pacific and Middle East regions due to economic development possessing the growth opportunity for the functional non-meat ingredients market.
Salts & preservatives held the major share of the ingredients segment and accounted for more than 30% share in global markets. However, Extenders & Fillers are likely to show fastest growth due to its high usage. Mutton segment is likely to witness highest growth during the forecast period. North America held the major revenue share of overall market followed by Europe. The Asia Pacific region is expected to witness profitable growth due to rising demands for functional non-meat ingredients in emerging countries such as China and India.
Some of the key players in the global market include E. I. Du Pont De Nemours and Company, Ohly GmbH, Wenda Ingredients, Advanced Food Systems, Inc., Redbrook Ingredient Services Limited, Associated British Foods PLC, Campus SRL, Wiberg GmbH, Kerry Group PLC, Aliseia SRL and Proliant Meat Ingredients.
10 Company Profiling 10.1 E. I. Du Pont De Nemours and Company 10.2 Ohly GmbH 10.3 Wenda Ingredients 10.4 Advanced Food Systems, Inc. 10.5 Redbrook Ingredient Services Limited 10.6 Associated British Foods PLC 10.7 Campus SRL 10.8 Wiberg GmbH 10.9 Kerry Group PLC 10.10 Aliseia SRL 10.11 Proliant Meat Ingredients
