MARKET INTRODUCTION
Cultured or lab-grown meat is meat produced through in vitro cell culture of animal cells, instead of from slaughtered animals. Lab-grown meat is produced using many of the same tissue engineering techniques traditionally used in regenerative medicine. Cultured meat is produced from various sources, including poultry, beef, pork, duck, and others. Food processors and foodservice providers are using lab-grown or cultured meat to prepare nuggets, burgers, meatballs, sausages, hot dogs, and many more items, which are popular among consumers.
MARKET DYNAMICS
The lab-grown meat market has witnessed a significant growth owing to factors such as innovations in cellular biotechnology & agriculture and the rising inclination toward animal welfare & environmental sustainability. In addition to that, increasing meat consumption along with growing demand for nutritional meat, is expected to support the market growth in the near future. However, the growing vegan population and increasing trend of a vegan diet may hamper the growth of the lab-grown meat market. Nevertheless, the rising trend of protein consumption is expected to open up opportunities for various meat processors and food processing companies to invest in this market.
MARKET SCOPE
The "Global Lab Grown 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 lab grown meat market with detailed market segmentation by source, end-use, and geography. The global lab grown meat market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading lab grown meat market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global lab grown meat market is segmented on the basis of source and end-use. On the basis of source, the lab grown meat market is segmented into poultry, beef, pork, duck, and others. The lab grown meat market on the basis of the end-use is classified into food retail and food service channels.
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 lab grown meat market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The lab grown 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 lab grown meat market from both demand and supply side and further evaluates market dynamics affecting the market during 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 lab grown meat market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global lab grown meat market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from lab grown meat market are anticipated to lucrative growth opportunities in the future with the rising demand for lab grown meat in the global market. Below mentioned is the list of few companies engaged in the lab grown meat market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the lab grown 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.
- Aleph Farms Ltd.
- Avant Meats Company Limited
- Balletic Foods
- Bluenalu, Inc.
- Finless Foods Inc.
- Future Meat Technologies Ltd.
- Integriculture Inc.
- Just, Inc.
- Memphis Meats
- Mosa Meat
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.