Reconstituted Meat Market Size, Share, Industry, Forecast and outlook 2024-2031

Reconstituted Meat Market By Type (Pork, Beef, Lamb/Mutton, Chicken, Turkey, Others), By Application (Food Industry, Pet Food, HoReCa), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Reconstituted Meat Market Size

The global reconstituted meat market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 18% during the forecast period 2024-2031.

Reconstituted meat is a meat product that has been made by combining smaller pieces of meat or meat trimmings with other ingredients such as salt, water, and binders. These ingredients are then mixed together to create a meat-like substance that is often shaped into specific forms or structures, such as chicken nuggets, hot dogs, or sausages. The reconstituted meat is of different types, such as pork, beef, chicken, and lamb, and is used to make sausages, ham, nuggets, and many other meat products. It is also being added to ready-to-eat food containing meat as one ingredient. The use of reconstituted meat is beneficial for manufacturers. The meat is scraped from the bones, making it economic for them.

Reconstituted Meat Market Scope

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Reconstituted Meat Market Dynamics

Growing meat consumption is driving the market

Growing meat consumption is fueling the growth of the reconstituted meat market. According to data from the Australian Department of Agriculture, Water, and the Environment, meat consumption in Australia has increased by 58% over the last 20 years, reaching 360 million tonnes. In 2021, Spain's population consumed 46.2 kg of meat per person, with chicken being the most popular type of reconstituted meat. 

Changing lifestyle increase the market demand

Eating habits and lifestyles have changed drastically in the past few decades, resulting in high demand for processed foods worldwide. Globalization and the growing popularity of different types of cuisine have resulted in higher consumption of different types of meat. Changing consumer preferences, high availability of processed foods, hectic lifestyles, a growing population of working women, rising per capita disposable income, advancements in freezing technology, and increasing demand for reconstituted meat from the health-conscious population are key factors that propel processed meat demand through 2030.

Various speculations associated with processed products are restricting the growth of the reconstituted meat market

There have been various speculations about processed meats among consumers. It is due to the regulatory bodies classifying processed meats among carcinogenic compounds. Reconstituted meat is also considered processed meat; thus, it has come under the radar of regulatory bodies.

Reconstituted Meat Market Segmentation

The global reconstituted meat market is segmented based on type, application, and region.

High consumption of protein food is expected to drive the pork segment

The largest segment in 2022 was pork. The growing acceptance of meat as a source of protein around the world was a major factor in this growth. In developing countries, particularly in Africa and Asia, the growth in total meat consumption is predicted to be five times greater. Pork was the most widely consumed type of meat during the study, making up the lion's share of all other meats. It is also anticipated that, in terms of value, it will be the most popular type of meat during the forecast period. Due to its lower price ratio—YY-YY% less expensive than other types of meat like beef—pork is highly consumed. The market's stabilization of pig farming is also expanding the supply of pork, influencing consumer choice. Government agencies and regulatory bodies are taking additional measures to stabilize the pig farming industry. For instance, the Farm Service Agency (FSA) of the United States Department of Agriculture (USDA) authorized payments totaling more than USD 545 million to producers who submitted applications for the Coronavirus Food Assistance Program. It caters to the needs of producers who saw their prices drop by 5% or more as a result of COVID-19 because of decreased demand, excess supply, and marketing and shipping disruptions. In the United States, there were 2,452,000 pigs killed in 2020.

Source: DataM Intelligence Analysis (2023)

Reconstituted Meat Market Geographical Share

The high consumption of  reconstituted meat in North America

North America is a major market for reconstituted meat owing to the higher population affected by trends in health and wellness and the high demand for processed and convenience foods. The key players in the sector are working on new and innovative ingredients to improve their products' taste and nutritional profile. The United States of America region accounts for the highest growth owing to the increasing popularity of reconstituted meat as a unique ingredient for its food items, making it an attractive option for manufacturers. Furthermore, the expansion of the retail and food service industries and the increasing populations in the North American region leading to a rise in disposable income is targeted toward massive market development. Due to this, consumers are becoming increasingly interested in and willing to pay for products made with reconstituted meat.

Source: DataM Intelligence Analysis (2023)

Reconstituted Meat Companies

The major global players include Archer Daniels Midland Company, Cargill Inc., Essentia Protein Solutions, Hydrosol GmbH & Co. KG, Lauridsen Group, Princes Foods, JBS Foods, BRF S.A. , Clemens Food Group and Hormel Foods Corporation.

Key Developments

• On June 13, 2022, Wonokoyo launched new processed meat products to attract new consumers and maintain business growth. Alternative protein producers are included in this trend.
• On July 27, 2022, Migros and SuperMeat signed a Memorandum of Understanding (MOU) to cultivate meat on a large scale. Migros' investment in SuperMeat as part of the partnership shows that business leaders know consumers' keen interest in reconstituted meat proteins.

The global reconstituted meat market report would provide approximately 93 tables, 109  figures and 202 Pages.