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Cultured Meat Market

Cultured Meat Market Size, Share and Segmentation by Source (Poultry, Beef, Seafood, Pork, and Duck), by End-Use (Nuggets, Burgers, Meatballs, Sausages, Hot Dogs), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/F&B/1521 | May 2022 | Region: Global | 120 Pages

Report Scope & Overview:

The Cultured Meat Market Size was valued at USD 152.9 million in 2021 and is expected to reach USD 338 million by 2028, and grow at a CAGR of 12% over the forecast period 2022-2028.

Refined meat, otherwise called in vitro meat, is a subtype of counterfeit meat and is delivered by tissue designing innovation and cell farming. People have been reliant upon meat to meet their wholesome necessities, as meat fills in as an optimal wellspring of omega-3 unsaturated fats, vitamin B12, protein, and iron. The in vitro meat is filled in the research center by gathering muscle cells from the creatures in the way of life media for development and expansion.

Cultured Meat Market Revenue Graph

Different advantages related to refined meat, including low ecological effect, taking out the need to raise creatures, and abatement in general well-being take a chance with help the worldwide refined meat market development. Refined meat should be visible as an elective protein item. Customers are moving their concentration toward adjusting to a more healthful eating routine that is focused on the more noteworthy supportable way of life and has lesser reliance on creature proteins. Also, people that are susceptible to creature-based proteins are the significant buyer base for elective proteins.

Hence, expansion in several such people goes about as a significant driver of the refined meat market. Additionally, ascend in worries about creature government assistance and ecological mindfulness is supposed to support the interest in lab-developed meat. As of late, the business creation of refined meat has fulfilled the developing need for meat items and let down the weight on customary meat sources., which is expected to help creature government assistance. Albeit the item market is supposed to show significant development, the significant expense of creation stays a critical test for market players. During the time spent creating, the development medium is utilized to animate cell development. This progression brings about extra expenses, which restricts refined meat creation.

Market Dynamics:

Driving Factors:

  • Developing interest in the options of creature-based items.

  • Fast advancement of online food conveyance is elevating the interest in refined meat.

Restraining Factors:

  • Tough administrative climate.

Opportunities:

  • High per capita meat utilization and imports in the arising Southeast Asian economies.

  • Appeal for fast help eateries is driving the interest for refined poultry meat items.

Challenges:

  • High Set up cost

Impact of Covid-19:

The rising worries concerning sanitation in the purchaser products area are expected to support the development of the market. In the covid-19 pandemic, the interest for in-vitro meat marginally expanded because of the developing interest for good food. In-vitro meat got forward movement during the covid-19 time to increase the solid eating regimen. The rising worries among customers to help the resistance and embrace nutritious fixings in dinners are pushing the market development.

Market Estimations:

By Source:

In light of the Source, the market is characterized by Poultry, Beef, Pork, and Duck. Poultry is supposed to hold the biggest offer in the Global Cultured Meat Market inferable from an enormous number of inclinations for poultry across the globe.

By End-User:

In light of End-Use, the market is characterized by Burgers, Hot Dogs, Meatballs, Nuggets, Sausages, and Others. Burgers are supposed to represent the biggest portion of the overall industry (~25%) and are projected to develop at the most noteworthy CAGR during the figure time frame. North America is supposed to hold the biggest piece of the pie in the Global Cultured Meat Market.

Key Market Segmentation:

By Sources:

  • Poultry

  • Beef

  • Seafood

  • Pork

  • Duck

By End-User:

  • Nuggets

  • Burgers

  • Meatballs

  • Sausage

  • Hot dogs

  • Others (pet food, and foie gras)

Cultured Meat Market Segment Chart

Regional Analysis:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

District wise, Asia-Pacific ruled the refined meat market in 2021 and is supposed to support its strength all through the refined meat market figure period. India and China have been recognized as unmistakable nations to direct customer reviews on refined meat. This isn't simply ascribed to developing populace yet additionally rising economies, accordingly expanding the meat utilization and shopper moderateness for premium items. Different exploration overviews are being led to investigate the purchaser's acknowledgment of refined meat. Moreover, numerous nations support the creation and selling of lab-developed meat in their nations which are prone to raise the development of the refined meat market during the gauge time frame. For example, The Singapore Food Agency (SFA) truly Eat Just (US fire up) endorsement to start selling its lab-developed, refined chicken as a food fixing in Singapore. As per news reports, the refined chicken will at first be sold in a solitary café, with a moderate scaling to around 15 eateries arranged sooner rather than later. At last, Eat Just anticipates moving into retail.

Key Players:

Competitive Companies covered in this market are Aleph Farms Ltd., Cubiq Foods S.L., Future Meat Technologies, Meatable B.V., Memphis Meats, Mission Barns, Mosa Meat BV, Redefine Meat, and Vow Group Pty Ltd.

Cultured Meat Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 152.9 Million
Market Size by 2028 US$ 338 Million
CAGR CAGR 12% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Source (Poultry, Beef, Seafood, Pork, and Duck)
• by End-Use (Nuggets, Burgers, Meatballs, Sausages, Hot Dogs)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Aleph Farms Ltd., Cubiq Foods S.L., Future Meat Technologies, Meatable B.V., Memphis Meats, Mission Barns, Mosa Meat BV, Redefine Meat, and Vow Group Pty Ltd.
Key Drivers •Developing interest in the options of creature-based items.
•Fast advancement of online food conveyance is elevating the interest in refined meat.
Market Restraints •Tough administrative climate.


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 Covid 19 Impact Analysis

4.2 Impact of the Ukraine and Russia war

 

5. Value chain analysis

 

6. Porter’s 5 forces model

 

7. PEST analysis

 

8. Global Cultured Meat Market segmentation, by Sources

8.1 Poultry

8.2 Beef

8.3 Seafood

8.4 Pork

8.5 Duck

 

9.  Global Cultured Meat Market segmentation, by End-Use

9.1 Nuggets

9.2 Burgers

9.3 Meatballs

9.4 Sausage

9.5 Hot dogs

9.6 Others (pet food, and foie gras)

 

10. Global Cultured Meat Market, by region/ country

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

 

11. Company profiles

11.1 Aleph Farms Ltd.

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 Swot Analysis

11.1.4 The SNS View

11.2 Cubiq Foods S.L.

11.3 Future Meat Technologies

11.4 Meatable B.V.

11.5 Memphis Meats

11.6 Mission Barns

11.7 Mosa Meat BV

11.8 Redefine Meat

11.9 Vow Group Pty Ltd.

 

12. Competitive Landscape

12.1 Competitive Bench Marking

12.2 Market Share Analysis

12.3 Recent Developments

 

13. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

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