The global pates market size is anticipated to reach a value
of USD 1.2 billion by 2025, according to a new report by Grand View Research,
Inc., expanding at a CAGR of 1.3% over the forecast period. Changes in food
preference, consumption of processed food, and adoption of western cuisines are
the prime factors driving the market. Advancements in techniques to increase
the shelf life of processed food and still provide the best quality, especially
for meat products, are accelerating the growth of the global market.
The pate, which
originally contained liver of chicken and other poultry, is now manufactured
using beef, pork, and fish. Moreover, some manufacturers have introduced
vegetarian pate, which is generally made up of cheese. For instance, The Tapas
Lunch Co. provides a variety of pates such as Spicy Iberian, Black Pudding,
Manchego Cheese, and Iberican.
Europe was the largest
regional pate market, accounting for a share of more than 45.0% in 2018 owing
to high consumption in this region. In Europe, meat spreads are most commonly
consumed with baguette and crispy toasts. It is also used in main dishes such
as Beef Wellington, wherein mushroom pate is spread on fillet steaks and
enclosed in a pastry. Balltone is another popular dish in which pate is used as
a filling to the chicken breast. This food product is most popularly consumed
in the form of a spread, however as a result of innovation, it is also consumed
as a loaf or in slices.
The chicken pate held the
largest share of 35.4% in 2018 owing its low cost and high source of proteins.
Meat spread was originally made using chicken and duck meat, therefore these
categories have a larger market share and are popular. However, this food
product has evolved as a flavorful and economic way to use different meats by
the companies.
The market is dominated
by key players including Patchwork Traditional Rods, Pyman Pates, Lovefood,
Braehead Foods Ltd., Kinsale Bay Foods, Danhull Prepared Foods, Tesco, and
Waitrose & Partners. Competitive strategies include product development and
innovation in preservatives to maintain the quality of meat and increase shelf
life.
For full research report on Pates Market
visit here:
https://www.grandviewresearch.com/industry-analysis/pates-market
Further key findings from the report
suggest:
- The global pate market is expected to expand at a CAGR
of 1.3% from 2019 to 2025
- The chicken product type held the largest share of
35.4% in 2018
- Europe held the largest share of more than 45.0% in
2018.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/pates-market/request/rs1
Grand View Research has segmented the global pates market
on the basis of product type and region:
Pate Product Type Outlook (Revenue, USD
Million, 2015 - 2025)
- Chicken
- Fish
- Duck
- Others
Pate Regional Outlook (Revenue, USD
Million, 2015 - 2025)
- North America
- U.S.
- Europe
- Germany
- France
- Asia Pacific
- China
- Japan
- Central & South America
- Middle East & Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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