The North America Meat-Based Flavors Market would witness market growth of 5.0% CAGR during the forecast period (2023-2029).
Meat-based flavors are produced by digesting boiled meats with protease and refluxing a mixture of meat hydrolysates, methionine or cysteine, yeast extract, and glucose. The delicious qualities of the meat can be tasted as well as smelled in these flavors. The smell of the meat has numerous chemical constituents due to the production of volatiles, while the taste might be sour, salty, or bitter. The market is expanding quickly to meet the demands and tastes of customers who enjoy eating meat. From natural meat extracts and flavorings to artificial meat flavorings, there is a wide variety of goods available.
Due to a number of variables, including the rising popularity of plant-based and vegetarian diets, an increase in the need for ready-to-eat foods, and the scale of the meat-based flavor industry, there has been an increase in the demand for meat-based flavorings in recent years. As more customers become aware of the environmental & health benefits of cutting back on meat intake, they search for substitutes that taste just like real meat. Since they contribute to a more gratifying and authentic meat experience, meat spices are essential for the creation of these goods. In addition, as more people look for healthy as well as sustainable food options, plant-based meat replacements with meat flavorings have become more and more popular in recent years.
Demand for ready-to-eat (RTE) food products is predicted to rise in North America due to the hectic lifestyle, fast urbanization, and growing retail and hospitality sectors. In the US, the desire for meat flavorings and consumers' willingness to spend more for goods with clean labels have contributed to a rise in the appeal of food & beverages with natural ingredients. Rising demand for an affluent lifestyle is also fueled by the substantial amount of disposable income in this region, promoting the expansion of the local hospitality industry and economy. The market in North America is expected to rise due to all of this.
The US market dominated the North America Meat-Based Flavors Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $1,217.6 million by 2029. The Canada market is poised to grow at a CAGR of 7.4% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 6.5% during (2023 - 2029).
Based on Application, the market is segmented into Soups & Sauces, Baked Goods, Savory, Ready Meals, Processed Meat and Others. Based on Type, the market is segmented into Natural Meat Flavor and Artificial Meat Flavor. Based on Flavor, the market is segmented into Beef, Chicken, Pork, Turkey, Fish & Seafood and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Meat-Based Flavors Market is Projected to reach USD 5 Billion by 2029, at a CAGR of 5.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Archer-Daniels-Midland Company, Sensient Technologies Corporation, Essentia Protein Solutions, DSM-Firmenich, Symrise AG, Givaudan SA, H.E. Stringer Flavours Limited, International Flavors & Fragrances Inc, Kerry Group plc, and Nikken Foods Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Soups & Sauces
- Baked Goods
- Savory
- Ready Meals
- Processed Meat
- Others
By Type
- Natural Meat Flavor
- Artificial Meat Flavor
By Flavor
- Beef
- Chicken
- Pork
- Turkey
- Fish & Seafood
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Archer-Daniels-Midland Company
- Sensient Technologies Corporation
- Essentia Protein Solutions
- DSM-Firmenich
- Symrise AG
- Givaudan SA
- H.E. Stringer Flavours Limited
- International Flavors & Fragrances Inc
- Kerry Group plc
- Nikken Foods Co., Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Meat-Based Flavors Market, by Application
1.4.2 North America Meat-Based Flavors Market, by Type
1.4.3 North America Meat-Based Flavors Market, by Flavor
1.4.4 North America Meat-Based Flavors Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Aug – 2023, Mar) Leading Players
3.3.3 Key Strategic Move: (Mergers & Acquisition: 2020, Nov – 2023, May) Leading Players
Chapter 4. North America Meat-Based Flavors Market by Application
4.1 North America Soups & Sauces Market by Country
4.2 North America Baked Goods Market by Country
4.3 North America Savory Market by Country
4.4 North America Ready Meals Market by Country
4.5 North America Processed Meat Market by Country
4.6 North America Others Market by Country
Chapter 5. North America Meat-Based Flavors Market by Type
5.1 North America Natural Meat Flavor Market by Country
5.2 North America Artificial Meat Flavor Market by Country
Chapter 6. North America Meat-Based Flavors Market by Flavor
6.1 North America Beef Market by Country
6.2 North America Chicken Market by Country
6.3 North America Pork Market by Country
6.4 North America Turkey Market by Country
6.5 North America Fish & Seafood Market by Country
6.6 North America Others Market by Country
Chapter 7. North America Meat-Based Flavors Market by Country
7.1 US Meat-Based Flavors Market
7.1.1 US Meat-Based Flavors Market by Application
7.1.2 US Meat-Based Flavors Market by Type
7.1.3 US Meat-Based Flavors Market by Flavor
7.2 Canada Meat-Based Flavors Market
7.2.1 Canada Meat-Based Flavors Market by Application
7.2.2 Canada Meat-Based Flavors Market by Type
7.2.3 Canada Meat-Based Flavors Market by Flavor
7.3 Mexico Meat-Based Flavors Market
7.3.1 Mexico Meat-Based Flavors Market by Application
7.3.2 Mexico Meat-Based Flavors Market by Type
7.3.3 Mexico Meat-Based Flavors Market by Flavor
7.4 Rest of North America Meat-Based Flavors Market
7.4.1 Rest of North America Meat-Based Flavors Market by Application
7.4.2 Rest of North America Meat-Based Flavors Market by Type
7.4.3 Rest of North America Meat-Based Flavors Market by Flavor
Chapter 8. Company Profiles
8.1 Archer Daniels Midland Company
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.2 Sensient Technologies Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.2.5.2 Acquisition and Mergers:
8.3 Symrise AG
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Acquisition and Mergers:
8.4 International Flavors & Fragrances, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segment & Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.4.5.3 Acquisition and Mergers:
8.5 Givaudan S.A.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Product Launches and Product Expansions:
8.5.5.3 Acquisition and Mergers:
8.6 Kerry Group PLC
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Product Launches and Product Expansions:
8.6.5.3 Acquisition and Mergers:
8.7 DSM-Firmenich
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.5.2 Product Launches and Product Expansions:
8.7.5.3 Acquisition and Mergers:
8.8 Essentia Protein Solutions
8.8.1 Company Overview
8.9 H.E. Stringer Flavours Limited
8.9.1 Company Overview
8.10. Nikken Foods Co., Ltd.
8.10.1 Company Overview
TABLE 1 North America Meat-Based Flavors Market, 2019 - 2022, USD Million
TABLE 2 North America Meat-Based Flavors Market, 2023 - 2029, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Meat-Based Flavors Market
TABLE 4 Product Launches And Product Expansions– Meat-Based Flavors Market
TABLE 5 Acquisition and Mergers– Meat-Based Flavors Market
TABLE 6 North America Meat-Based Flavors Market by Application, 2019 - 2022, USD Million
TABLE 7 North America Meat-Based Flavors Market by Application, 2023 - 2029, USD Million
TABLE 8 North America Soups & Sauces Market by Country, 2019 - 2022, USD Million
TABLE 9 North America Soups & Sauces Market by Country, 2023 - 2029, USD Million
TABLE 10 North America Baked Goods Market by Country, 2019 - 2022, USD Million
TABLE 11 North America Baked Goods Market by Country, 2023 - 2029, USD Million
TABLE 12 North America Savory Market by Country, 2019 - 2022, USD Million
TABLE 13 North America Savory Market by Country, 2023 - 2029, USD Million
TABLE 14 North America Ready Meals Market by Country, 2019 - 2022, USD Million
TABLE 15 North America Ready Meals Market by Country, 2023 - 2029, USD Million
TABLE 16 North America Processed Meat Market by Country, 2019 - 2022, USD Million
TABLE 17 North America Processed Meat Market by Country, 2023 - 2029, USD Million
TABLE 18 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 19 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 20 North America Meat-Based Flavors Market by Type, 2019 - 2022, USD Million
TABLE 21 North America Meat-Based Flavors Market by Type, 2023 - 2029, USD Million
TABLE 22 North America Natural Meat Flavor Market by Country, 2019 - 2022, USD Million
TABLE 23 North America Natural Meat Flavor Market by Country, 2023 - 2029, USD Million
TABLE 24 North America Artificial Meat Flavor Market by Country, 2019 - 2022, USD Million
TABLE 25 North America Artificial Meat Flavor Market by Country, 2023 - 2029, USD Million
TABLE 26 North America Meat-Based Flavors Market by Flavor, 2019 - 2022, USD Million
TABLE 27 North America Meat-Based Flavors Market by Flavor, 2023 - 2029, USD Million
TABLE 28 North America Beef Market by Country, 2019 - 2022, USD Million
TABLE 29 North America Beef Market by Country, 2023 - 2029, USD Million
TABLE 30 North America Chicken Market by Country, 2019 - 2022, USD Million
TABLE 31 North America Chicken Market by Country, 2023 - 2029, USD Million
TABLE 32 North America Pork Market by Country, 2019 - 2022, USD Million
TABLE 33 North America Pork Market by Country, 2023 - 2029, USD Million
TABLE 34 North America Turkey Market by Country, 2019 - 2022, USD Million
TABLE 35 North America Turkey Market by Country, 2023 - 2029, USD Million
TABLE 36 North America Fish & Seafood Market by Country, 2019 - 2022, USD Million
TABLE 37 North America Fish & Seafood Market by Country, 2023 - 2029, USD Million
TABLE 38 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 39 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 40 North America Meat-Based Flavors Market by Country, 2019 - 2022, USD Million
TABLE 41 North America Meat-Based Flavors Market by Country, 2023 - 2029, USD Million
TABLE 42 US Meat-Based Flavors Market, 2019 - 2022, USD Million
TABLE 43 US Meat-Based Flavors Market, 2023 - 2029, USD Million
TABLE 44 US Meat-Based Flavors Market by Application, 2019 - 2022, USD Million
TABLE 45 US Meat-Based Flavors Market by Application, 2023 - 2029, USD Million
TABLE 46 US Meat-Based Flavors Market by Type, 2019 - 2022, USD Million
TABLE 47 US Meat-Based Flavors Market by Type, 2023 - 2029, USD Million
TABLE 48 US Meat-Based Flavors Market by Flavor, 2019 - 2022, USD Million
TABLE 49 US Meat-Based Flavors Market by Flavor, 2023 - 2029, USD Million
TABLE 50 Canada Meat-Based Flavors Market, 2019 - 2022, USD Million
TABLE 51 Canada Meat-Based Flavors Market, 2023 - 2029, USD Million
TABLE 52 Canada Meat-Based Flavors Market by Application, 2019 - 2022, USD Million
TABLE 53 Canada Meat-Based Flavors Market by Application, 2023 - 2029, USD Million
TABLE 54 Canada Meat-Based Flavors Market by Type, 2019 - 2022, USD Million
TABLE 55 Canada Meat-Based Flavors Market by Type, 2023 - 2029, USD Million
TABLE 56 Canada Meat-Based Flavors Market by Flavor, 2019 - 2022, USD Million
TABLE 57 Canada Meat-Based Flavors Market by Flavor, 2023 - 2029, USD Million
TABLE 58 Mexico Meat-Based Flavors Market, 2019 - 2022, USD Million
TABLE 59 Mexico Meat-Based Flavors Market, 2023 - 2029, USD Million
TABLE 60 Mexico Meat-Based Flavors Market by Application, 2019 - 2022, USD Million
TABLE 61 Mexico Meat-Based Flavors Market by Application, 2023 - 2029, USD Million
TABLE 62 Mexico Meat-Based Flavors Market by Type, 2019 - 2022, USD Million
TABLE 63 Mexico Meat-Based Flavors Market by Type, 2023 - 2029, USD Million
TABLE 64 Mexico Meat-Based Flavors Market by Flavor, 2019 - 2022, USD Million
TABLE 65 Mexico Meat-Based Flavors Market by Flavor, 2023 - 2029, USD Million
TABLE 66 Rest of North America Meat-Based Flavors Market, 2019 - 2022, USD Million
TABLE 67 Rest of North America Meat-Based Flavors Market, 2023 - 2029, USD Million
TABLE 68 Rest of North America Meat-Based Flavors Market by Application, 2019 - 2022, USD Million
TABLE 69 Rest of North America Meat-Based Flavors Market by Application, 2023 - 2029, USD Million
TABLE 70 Rest of North America Meat-Based Flavors Market by Type, 2019 - 2022, USD Million
TABLE 71 Rest of North America Meat-Based Flavors Market by Type, 2023 - 2029, USD Million
TABLE 72 Rest of North America Meat-Based Flavors Market by Flavor, 2019 - 2022, USD Million
TABLE 73 Rest of North America Meat-Based Flavors Market by Flavor, 2023 - 2029, USD Million
TABLE 74 key Information – Archer Daniels Midland Company
TABLE 75 Key Information – Sensient Technologies Corporation
TABLE 76 key Information – Symrise AG
TABLE 77 Key information – International Flavors & Fragrances, Inc.
TABLE 78 key Information – Givaudan S.A.
TABLE 79 Key Information – Kerry Group PLC
TABLE 80 key Information – dsm-firmenich
TABLE 81 Key Information – Essentia Protein Solutions
TABLE 82 Key Information – H.E. Stringer Flavours Limited
TABLE 83 Key Information – Nikken Foods Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 4 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Aug – 2023, Mar) Leading Players
FIG 5 Key Strategic Move: (Mergers & Acquisition: 2020, Nov – 2023, May) Leading Players
FIG 6 North America Meat-Based Flavors Market share by Application, 2022
FIG 7 North America Meat-Based Flavors Market share by Application, 2029
FIG 8 North America Meat-Based Flavors Market by Application, 2019 - 2029, USD Million
FIG 9 North America Meat-Based Flavors Market share by Type, 2022
FIG 10 North America Meat-Based Flavors Market share by Type, 2029
FIG 11 North America Meat-Based Flavors Market by Type, 2019 - 2029, USD Million
FIG 12 North America Meat-Based Flavors Market share by Flavor, 2022
FIG 13 North America Meat-Based Flavors Market share by Flavor, 2029
FIG 14 North America Meat-Based Flavors Market by Flavor, 2019 - 2029, USD Million
FIG 15 North America Meat-Based Flavors Market share by Country, 2022
FIG 16 North America Meat-Based Flavors Market share by Country, 2029
FIG 17 North America Meat-Based Flavors Market by Country, 2019 - 2029, USD Million
FIG 18 Recent strategies and developments: Archer-Daniels-Midland Company
FIG 19 Recent strategies and developments: Sensient Technologies Corporation
FIG 20 Recent strategies and developments: Symrise AG
FIG 21 Recent strategies and developments: International Flavors & Fragrances, Inc.
FIG 22 Recent strategies and developments: Givaudan SA
FIG 23 Recent strategies and developments: Kerry Group plc
FIG 24 Recent strategies and developments: DSM-Firmenich