Specialty Meat Ingredients Market Recorded Strong Growth in 2019; COVID-19 Pandemic Set to Drop Sales
Verfasser: ashwani_kailiya on Friday, 24 April 2020The specialty meat ingredients industry is projected to rise at a moderate CAGR of 5% between 2019 and 2027. Significant demand for specialty meat ingredients from the food processing industry is the predominant factor driving sales. Growing availability of high-quality, multi-functional options will continue to aid the growth of the specialty meat ingredients market, reveals Fact.MR in its new study.
“In the recent past, an upward trend in processed meat consumption, is translating into a rise in demand for specialty meat ingredients and several other related products that complete the supply chain,” concludes the Fact.MR report.
Specialty Meat Ingredients Market – Key Takeaways
Functional meat ingredients for poultry products will be a highly lucrative segment through the forecast period for desired flavor profiles.
Meat and seafood segments will account for 40% revenue owing to the demand from Asiatic countries.
North America will remain the leading regional specialty meat ingredients market, while Asia Pacific will display faster growth.
Manufacturers are pushing for increasing food storage and distribution infrastructure to support global demand.
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