A report on the Global Meat Glue Market has been published by Contrive Datum Insights. The report provides clients with the latest trending insights into the Meat Glue market. It can be seen that the report includes market value and growth rate, size, production consumption and gross margin, pricing and other influencing factors. Along with this, in the report, you will get detailed information about every distributor, supplier, and retailer in the market. The competitive scenarios of all industry players are mentioned in detail in the report. The pandemic has caused market participants to strategically change their business plans.
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Meat glue or transglutaminase is an enzyme used to glue or cross-link small pieces of fish, meat or meat products into larger pieces. It is used in meat preparations as a binder or to improve texture. It can be used to shape and bind protein foods together for innovative food recipes, help with portion control when cooking and reduce waste, thicken egg yolks and dairy products, strengthen dough and increase yield in tofu production.
Rising meat consumption is expected to be one of the major factors driving the growth of the global meat glue market. According to the Agricultural Outlook of the Food and Agriculture Organization (FAO) and the Organization for Economic Co-operation and Development (OECD), global per capital annual meat consumption is projected to reach 35.3 kg r.w.e. (Retail Weight Equivalent) by 2025, an increase of 1.3 kg r.w.e. compared to the 2013-2015 base period. Additionally, meat glue is used in innovative food applications such as meat pasta and novel meat combinations such as scallop with lamb or beef with bacon, especially in the restaurant and food service industries. The growing restaurant industry is driving the growth of the global meat glue market. According to the National Restaurant Association, U.S. restaurant industry sales increased from $586.7 billion in 2010 to $799 billion in 2017. Moreover, rising fish consumption is driving the growth of the global meat glue market as it is used in making uniform portions of fish fillets. According to the Food and Agriculture Organization of the United Nations, global fish consumption is projected to increase by 19% by 2026 compared to a base period of 2014 to 2016. Rising consumption of processed food is supporting growth in the global meat glue market, as meat glue can improve water retention, taste, and appearance of processed meat. According to Coherent Market Insights research, the global frozen processed food market was valued at USD 60.12 billion in 2016 and is projected to reach USD 85.49 billion by 2025. Furthermore, frozen processed poultry had the highest market share at 19.16 % in 2016 thereby increasing the demand for meat glue market.
The report also covers the complete competitive landscape of the worldwide market with company profiles of key players such as Sharp Corporation, Sony Corporation, Apple, Inc., ASUSTeK Computer Inc., Samsung Group, LG Electronics, Fujitsu Limited, AU Optronics Corp, BOE Technology Group Co., Ltd., Chunghwa Picture Tubes, Ltd.. Geographically, this market has been segmented into regions such as North America, Latin America, Europe, Asia Pacific and Rest of the World. The study details country-level aspects based on each segment and gives estimates in terms of market size.
North America is expected to witness the highest growth rate over the forecast period. This can be attributed to increasing meat consumption in the region, which has been increasing owing to population growth and changing dietary preferences. Demand for processed food is also expected to drive industry expansion in the coming years. Europe is expected to witness moderate growth over the forecast period. This can be attributed to increasing meat consumption by major players in the European meat glue market such as Germany and France. However, high production costs restrain the industry growth in other regions such as Italy and Spain. Latin America is expected to witness significant growth over the forecast period owing to rising consumer spending on processed food and increasing demand for meat glue from Brazilian manufacturers. In terms of revenue, Asia Pacific accounted for the largest share at over 40% and is expected to witness significant growth over the forecast period. This can be attributed to increasing meat consumption in the region, which has been increasing owing to population growth and changing dietary preferences. Demand for processed food is also expected to drive industry expansion in the coming years.
Meat Glue Market Segmentation:
By Type:
- Animal
- Plant
- Microbial
- Other
By Applications:
- Meat
- Fish
- Processed food
- Other
Frequently Asked Questions (FAQ):
- What is the growth rate predicted for the Global Meat Glue Market?
- Who are the top performing companies in Meat Glue Market?
- Which region dominated the worldwide market for Meat Glue in 2022?
Related Sources:
- https://www.digitaljournal.com/pr/digital-healthcare-market-2022-global-trends-and-growth-by-top-players-insight-timer-headspace-calm-yogaglo
- https://www.openpr.com/news/2853032/commercial-kettles-and-braising-pans-market-size-growths
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