MEAT GLUE MARKET ANALYSIS

Regional Analysis

Market Outlook

• Meat glue market in Asia Pacific is witnessing rapid growth, owing to increasing meat consumption. According to Food and Agriculture Organization (FAO) and Organization for Economic Co-operation and Development (OECD) Agricultural Outlook, meat consumption was highest in 2016 in China. Furthermore, China is expected to retain its dominance in meat consumption between 2017 and 2026. Moreover, growing food processing industry is supporting growth of the meat industry in Asia Pacific, which is projected to propel growth of the meat glue market. According to India Brand Equity Foundation, Department of Commerce, Government of India, the food processing industry in India is projected to reach US$ 482 billion by 2020 from US$ 258 billion in in 2015.
• North America held significant market share in 2017 in the global meat glue market. Furthermore, the U.S. held largest market share in the North America meat glue market in 2017. This is owing to approval and initiatives of regulatory bodies and institutes regarding safety of meat glue. For instance, the American Meat Institute, a trade association of packers and processors of pork, lamb, beef, veal and turkey, has certified that meat glue is safe and natural. Also, the U.S. Food and Drug Administration has certified meat glue as generally recognized as safe (GRAS). Moreover, the U.S. Department of Agriculture has determined that meat transglutaminase is suitable and safe for use in meat products. According to Coherent Market Insights’ study, North America held highest share market share in terms of volume and revenue in frozen processed food market and had highest demand for frozen poultry products in 2016. This is fuelling growth of the global meat glue market as it finds applications as a binding agent in processed meat products.

Market Taxonomy

Global meat glue market is segmented into:

By Region

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • Italy
  • France
  • Russia
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • ASEAN
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East
  • GCC
  • Israel
  • Rest of Middle East
• Africa
  • Northern Africa
  • Central Africa
  • South Africa