Food & Beverage Ingredients Trends 2022
Jul 22, 2022
What we see?
- APAC, had a rise in plant-based foods
- In the past year, the top category of product launch with alternative protein are processed fish, meat and egg (54.35%).
Why It Matters?
- Consumer’s health awareness, ethics, environmentalism, and food safety
- Concerned by global epidemics and food safety, consumers are more selective
25% expected increased in the market size for plant-based meat to US$1.7 billion from 2020-2025.
Global Meat Substitute Market
- Europe dominate 3.8%of global meat substitute market in 2017
- Asia-Pacific projected to register highest CAGR at 9.3%
- Meat substitutes include tofu, tempeh, vegetable protein, microalgae and other organic sources
- APAC is becoming a rising market for plant based meat substitutes targeting “flexitarian” dieters, with a significant increase in demand for plant based food in key markets in APAC (India, China, Japan, Thailand).
Consumers Continue to Move Towards Flexitarian or Plant Based Diets
- 23% of global consumers are trying to limit their intake of meat
- 16% of global consumers are trying to follow a plant-based diet
- 15% of global consumers are trying to limit their intake of dairy
- 6% of global consumers follow a plant-based/flexitarian diet
Consumers Look for Diets To Build Immunity Health
Post COVID-19, Consumers tend to focus more on preventive health measures, following high protein, plant-based diets to build and support immunity health.
Relevant Ingredients for Plant-Based Meat
Relevant ingredients to achieve customer satisfaction for:
- Texture
- Taste
- Flavor
- Appearance
- Nutrition and Health Benefit
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