Cultured meat, also known as in vitro meat, is a form of artificial meat made using tissue engineering and cellular agriculture techniques. Meat has long been relied upon to satisfy human nutritional needs, as it is an excellent source of omega-3 fatty acids, vitamin B12, protein, and iron. In vitro meat is created in the lab by culturing muscle cells from animals and allowing them to expand and proliferate in culture media.
MARKET SCOPE
The "Global Cultured Meat Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the cultured meat market with detailed market segmentation by sources and end use. The report provides key statistics on the market status of the leading cultured meat market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on end use, the global cultured meat market is segmented into nuggets, burgers, meatballs, sausages, hot dogs, others.
- On the basis of sources, the market is segmented into poultry, pork, beef, seafood, others.
MARKET DYNAMICS
Drivers
- The cultured meat market is driven by the rising consumer preference for consuming the substitute for animal-based products. The growing concerned over animal cruelty for meat production has created a valuable impact on consumer mindset on consuming meat products.
- Daily protein requirement and taste of the meat products is also a considerable factor to use the animal-based meat alternative products. This is formulating an advantageous opportunity for the cultured meat market.
- The developed regions such as Europe and North America is witnessing the higher consumption of meat analogue products which is also one of the driving factors for the cultured meat market in these regions.
Restraints
- High prices and a lack of knowledge are the two main factors limiting the development of the cultured meat industry.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The cultured meat market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the cultured meat market in these regions.
IMPACT OF COVID-19 ON CULTURED MEAT MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the cultured meat market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from cultured meat market are anticipated to lucrative growth opportunities in the future with the rising demand for cultured meat in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cultured meat market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Memphis Meats
- MosaMeat
- SuperMeat
- Just, Inc
- Integriculture
- Aleph Farms Ltd
- Finless Foods Inc.
- Avant Meats Company Limited
- Balletic Foods
- Future Meat Technologies Ltd
- Appleton Meats
- Higher Steaks
- Biofood Systems LTD
- Fork and Goode
- Meatable
- Mission Barns
- Bluenalu, Inc.
- New Age Meats
- Shiok Meats
- Seafuture Sustainable Biotech
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.