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.
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.
Developing interest in the options of creature-based items.
Fast advancement of online food conveyance is elevating the interest in refined meat.
Tough administrative climate.
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.
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.
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.
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:
Others (pet food, and foie gras)
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
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.
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.
|Market Size in 2021||US$ 152.9 Million|
|Market Size by 2028||US$ 338 Million|
|CAGR||CAGR 12% From 2022 to 2028|
|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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
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
9. Global Cultured Meat Market segmentation, by End-Use
9.5 Hot dogs
9.6 Others (pet food, and foie gras)
10. Global Cultured Meat Market, by region/ country
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company profiles
11.1 Aleph Farms Ltd.
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
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