Pates Market 2030: Key Players and Competitive Landscape
The global pates market size is anticipated to reach a value of USD 2.44 billion by 2030, expanding at a CAGR of 4.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. 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.
Gather more insights about the market drivers, restrains and growth of the Pates Market
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 Meat spread was originally made using chicken and duck meat, therefore these categories have a larger market share and are popular.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.
Pates Market Report Highlights
- Based on product, the chicken segment secured the largest share of the global pates market with 35.2% in 2023, and is projected to grow steadily during the forecast period.
- The duck segment is emerging as the fastest-growing segment in the global pates market during the forecast period owing to the rising production of duck meat worldwide.
- Supermarkets & hypermarkets have led the market with a dominant share of 57.9% in 2023 owing to urbanization, coupled with growing disposable incomes, which drove major demand for diverse food products, including pates.
- The online distribution channel is emerging as the fastest-growing segment during the forecast period.
- Europe's pates market represented over 48.4% of the global share in 2023.
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List of Key Players of Pates Market
- Murray’s Cheese
- Alexian Pate
- Rougie USA
- Terroirs d’Antan, USA
- MyPanier, Inc.
- Henaff;
- Army Brand
- Pate France
- Despaña Brand Foods
- Prodo Group
About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.
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