Meat Seasonings Market

Meat Seasonings Market Outlook (2022 to 2032)

The meat seasonings market is anticipated to record a CAGR of 6.9% during the forecast period, up from USD 4,599.4 Million in 2022 to reach a valuation of USD 8,963.5 Million by 2032.

Attributes	Details
Estimated Market Size (2022)	USD 4,599.4 million
Estimated Market Size (2032)	USD 8963.5 million
CAGR (2022 to 2032)	6.9%

Sales of meat seasonings is expected to rise as the demand for nutritional and protein-rich food products is also increasing. In addition to this, demand for meat seasonings is rising on account of rising number of foodservice outlets.

Increasing interest in ethnic tastes is also projected to contribute to the growth of the meat seasonings market share.

The report sheds light on the factors improving the sales of meat seasonings, and, in turn, the opportunities for the market players. However, the meat seasonings market also faces some challenges, which might limit the meat seasonings market share from reaching its potential.

Some of the key meat seasonings market trends promoting the demand for meat seasonings include increasing spending on R&D for cutting-edge spice blends and expanding production capacity.

A proliferation of product options and an increase in the sale of spices and seasonings have resulted from consumer openness to try new flavors and growing interest in ethnic cuisines. The meat seasonings industry's success can also be credited to how it met consumer demands for more flavor options, convenience, and healthier products.

What are the Key Drivers to the Meat Seasonings Market Share?

Key factors which are boosting the sales of meat seasonings are the consumption of processed food. Also, the driving factor for the growth in the sales of meat seasonings is the usage of organic meat products. The organic poultry market is growing at a considerable rate. The increase in consumption of meat products in Latin America and Southeast Asia has further fueled the demand for meat seasonings.

Rising demand for pork meat, greater emphasis on processed meat and poultry products, and the rise in consumer preference toward protein-rich food have been the driving factor in sales of meat seasonings.

One of the major factors that have affected the demand for meat seasonings is the perceived health risk of eating meat. As USDA and other government agencies have put more energy toward promoting healthy lifestyles, new regulations for the supply of processed meat may impact the meat seasonings market.

Which is the Leading Region in the Meat Seasonings Market?

Regarding geography, the meat seasonings market has been categorized into six critical regions, including North America, Europe, APEJ, Japan, Latin America, and the Middle East & Africa.

The demand for meat seasonings is expected to register a healthy CAGR during the forecast period due to the high demand for protein-rich food.

Regarding regions, North America accounts for a significant share of the meat seasonings market, owing to the high growth and need for a healthy eating regime in the region as compared to other developed regions.

Moreover, the North America region accounts for a healthy share in terms of consumption of meat products, meat seasonings being primarily used for the development of poultry products for further processed products because of its bland flavor and soft texture, which allow producers to imparting desired flavor profiles, the meat consumption in the region is anticipated to further add value to the sales of meat seasonings in the region.

In terms of the developing region of Asia-Pacific, the growth of the demand for meat seasonings is significantly high in the forecast period owing to factors such as rapid economic development, globalization, and increasing adoption of meat seasonings in the food & beverages industry and its sub-verticals.

Over the forecast period, the sales of meat seasonings in the Asia-Pacific market are anticipated to grow significantly, owing to the growth of the hotel industry in the region.

Overall, the global demand for meat seasonings is expected to increase considerably by the end of the forecast period. Sales of meat seasonings for the Asia Pacific region are also expected to witness rapid growth during the forecast period, primarily attributed to the growth of the food and beverage industry, especially in China and India. The meat seasonings market is growing at a faster rate and is expected to grow at a high CAGR in the forecasted years.

Who are the Key Players in the Meat Seasonings Market?

The main players in the meat seasonings market are focusing on producing more organic meat seasonings to suit consumer demand as well as creating novel meat seasoning products that can be used in a variety of meat food products. The major businesses are also searching for new prospects in the international food and beverage sector.

Few players identified in meat seasonings market are:

• McCormick & Company
• Associated British Foods PLC
• Kerry Group PLC
• Olam International Limited
• Ajinomoto Co., Inc
• Ariake Japan Company
• SHS Group
• Dohler Group

The businesses are heavily investing in research and development to create novel items that will raise both the quality and output of poultry meat and improve the sales of meat seasonings.

For instance, FONA International LLC was purchased by McCormick & Company in December 2020. In order to meet the needs of a wide range of clients in the food & beverage and nutritional markets, FONA, a leading maker of clean and natural flavours, offers solutions.

The report consists of key players, contributing to the meat seasonings market share. It also consists of organic and inorganic growth strategies adopted by market players to improve their market positions. This exclusive report analysis the competitive landscape and meat seasonings market share acquired by players to strengthen their market position.

Report Scope

Report Attribute	Details
Growth rate	CAGR of 6.9% from 2022 to 2032
Base year for estimation	2021
Historical data	2015 to 2020
Forecast period	2022 to 2032
Quantitative units	Revenue in USD million and CAGR from 2022 to 2032
Report coverage	Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered	Type, application, end use, region
Regional scope	North America; Western Europe; Eastern Europe; Middle East; Africa; ASEAN; South Asia; Rest of Asia; Australia and New Zealand
Country scope	USA, Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, Iran, South Africa
Key companies profiled	McCormick & Company; Associated British Foods PLC; Kerry Group PLC; Olam International Limited; Ajinomoto Co.; Inc; Ariake Japan Company; SHS Group; Dohler Group
Customization scope	Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs.

Key Segments

By Type:

• Pepper
• Capsicum
• Ginger
• Cinnamon
• Cumin
• Turmeric
• Nutmeg & Mace
• Cardamom
• Coriander
• Cloves
• Others

By Application:

• Meat & poultry products
• Frozen products

By End-Use:

• Hospitality
• Packaged Food Industry

By Region:

• North America
• Latin America
• Asia Pacific
• Europe
• MEA

Frequently Asked Questions

What is the Growth Outlook for the Meat Seasonings Market?

The meat seasonings market is likely to register a CAGR of 6.9% during the forecast period.

Who are the Key Players in the Meat Seasonings Market?

Key players holding substantial meat seasonings market share include McCormick & Company, Associated British Foods PLC, Kerry Group PLC, Olam International Limited, Ajinomoto Co., Inc, Ariake Japan Company, SHS Group, Dohler Group.

What is the Future of the Meat Seasonings Market?

As per the analysis, the meat seasonings market share is likely to be USD 8,963.5 Million by 2032.