Cultured Meat
The Global Cultured Meat market was estimated at USD 144.88 million in 2021, and is anticipated to reach USD 407 million by 2028, growing at a CAGR of 15.9%.
Cultured Meat referred to as ‘clean meat’ or ‘slaughter-free meat’ is gaining propulsion as start-ups continue to discover their latest lab-grown wares. Cultured meat, also called law-grown meat and it is cultivated by in vitro cell culture instead of slaughtering animals, in a controlled medium. It reproduces the aroma, taste, and texture of farmed meat. In the process of culturing, farm animals’ cells are converted into a controlled medium, which contains nutrients and growth factors needed for the growth and transformation of stem cells into mature muscle cells within the bioreactor. Furthermore, to develop cultured meat, animal stem cells are carried from which produce muscle cells. On an industrial level, bioreactors, similar to brewery tanks, will be utilized to scale up the process from its laboratory basics. But why is meat production in this way even advisable? Cultured meat is anticipated to develop fewer greenhouse gas emissions because it will cut animal methane emissions. It notably overcomes the requirement for antibiotics owing to being grown in sterile conditions. Moreover, the slaughter-free production of meat through cell cultures can raise animal welfare significantly. Extreme depletion in land and water use are also anticipated. Nevertheless, all of these significances have not yet materialized and it is undetermined to which degree they will.
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The latest research on the Cultured Meat market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global Cultured Meat industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Cultured Meat market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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Industry Major Market Players:
- Memphis Meats (US)
- MosaMeat (Netherlands)
- SuperMeat (Israel)
- Just Inc (US)
- Integriculture (Japan)
- Aleph Farms Ltd (Israel)
- Finless Foods Inc. (US)
- Avant Meats Company Limited (China)
- Balletic Foods (US)
- Future Meat Technologies Ltd (Israel)
- Appleton Meats (Canada)
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COVID-19 Impact on Cultured Meat Market:
The food and beverage industry are strongly hit by the global pandemic of COVID-19 disease which is expected to affect the sales of major food and beverage products. Cultured meat is one of the emerging markets in the food and beverages industry and majorly produced through microbiological process. The manufacturing and research and development work has been stopped due to disease which further can affect the production of cultured meat. Moreover, consumer’s food demand and lifestyle could have a major impact after the end of the coronavirus disease outbreak, which, afterwards a considerable factor for the demand for cultured meat. Thus, cultured meat market would have a moderate to high impact due to COVID-19 disease pandemic.
In market segmentation by Source, the Cultured Meat Market report covers:
- Poultry
- Beef
- Seafood
- Pork
In market segmentation by End Use, the Cultured Meat Market report covers:
- Nuggets
- Burgers
- Meatballs
- Others
Regional Segmentation of Cultured Meat Market:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of SA)
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– Detailed Summary of Market
– Changing market dynamics of this industry
– Forex marketplace segmentation with Type, Program etc.
– Past, present and estimated market size in terms of dimensions and Value
– Business trends and developments.
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