The global meat stabilizers blends market is projected to exhibit a significant growth, at a CAGR of around 7.5%, during the forecast period. The global meat consumption has been tripled in the last four decades and increased 20% in just the last 10 years, as per the World Watch Institute. Urbanization is also one of the major driving forces influencing global demand for meat products. There is an increasing demand for meat and other animal products including eggs and dairy products.Urbanization arouses improvements in infrastructure, such as cold chains, which allows trade in meat and poultry goods.
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As per OECD, the levels of meat consumption in North America and most other countries are the highest and a considerable increase in the consumption of animal products in countries such as Brazil and China have been observed. The US has the highest 26.7 kg per capita consumption of Beef and Veal among major economies whereas China and South Korea had the highest 30.8 kg per capita pork meat consumption in 2019 according to OECD. As per A Well-Fed World, around 39 million cattle and calves are killed for food in the US in 2019. The increased consumption of the meat across the globe upsurges the need of healthy animal which increases the need for meat stabilizers blends.
The trend to adopt the companion animals is increasing across the globe especially in developed and emerging economies. The most popular pets in North America and Europe are dogs and cats. Other animals that are kept as a pet are the tortoise, rabbit, birds, fish and so on. As per Pet Food Manufacturer Association, there were more than 51 million pets in UK in 2018 and about 40% household had at least 1 pet in UK. According to the US National shelter, the adoption rate of cats and dogs has steadily increased in the recent years. The total number of pets in the US in 2017-2018 was 184 million as compared to 144 million in 2012.
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However, the outbreak of COVID-19 pandemic in 2020 has slowed down the consumption rate of meat across the globe. The people have started adopting vegan diet and moved towards organic food products. This, in turn, has decreased the demand for meat and meat-based food & beverages across the globe. With the decrease in demand for meat, the meat stabilizers blend market will also see a considerable downfall in 2020 and over the period of two to three years. However, the demand for meat stabilizers blends will be stable in the pet food products market in 2020.
Global Meat Stabilizers Blends Market - Segmentation
• Others (Seaweed and Microbial)
• Meat Processing
• Pet Food
Global Meat Stabilizers Blends Market – Segment by Region
• United States
• Rest of Europe
• Rest of Asia-Pacific
Rest of the World
• Amesi Group
• Arthur Branwell
• Caldic B.V.
• Cargill, Inc.
• DuPont de Nemours, Inc.
• ICL Innovation
• Lucid Colloids Ltd.
• Meat Cracks Technologie GmbH
• Pacific Blends
• Palsgaard A/S
• Tate & Lyle PLC
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