According to this latest study, the growth in The
Cultured Meat Market was estimated to be USD 125 Million in 2020 and is
expected to reach USD 351.15 million by 2027, registering a CAGR of 15.9%, from
2021 to 2027.
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 lab-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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According
to Statista, at the end of 2020, Singapore was the first economy to ever
approve a cultured meat product. Plenty restaurant 1880 catered its customers
an opportunity to try out the first-ever lab-grown chicken in a series of three
dishes for 23 U.S. dollars. The meat is provided by the American start-up Eat
Just. In contrast, the first cultured meat product ever developed, a beef
burger patty presented in 2013 by the Dutch start-up Mosa Meat, had a price tag
of around 330,000 U.S. dollars.
Leading Key Players Covered in Cultured Meat market:
·
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)
·
Higher Steaks
(UK)
·
Biofood Systems
LTD (Israel)
·
Fork & Goode
(US)
·
Meatable
(Netherlands)
·
Mission Barns
(US)
·
Bluenalu
·
Inc. (US)
·
New Age Meats
(US)
·
Shiok Meats
(Singapore)
·
Seafuture
Sustainable Biotech (Canada)
·
Wild Type (US)
·
Lab farm Foods
(US)
·
Cubiq Foods
(Spain)
·
Kiran Meats (US)
·
and Cell Farm
FOOD Tech/Granja Celular S.A (Argentina).
These
companies are devising key strategies such as acquisitions, merges,
collaborations, partnerships, new product launches, regional expansions, and
targeting untapped markets to gain competitive advantage over other players
working in the market.
Introspective Market Research offers a comprehensive overview of the market
through the analysis of key parameters such as revenue, price, competition, and
promotions, as well as the study, synthesis, and summarization of data from
different sources. It analyzes the leading industry drivers and shows numerous
market components. The information offered is thorough, dependable, and the
result of a comprehensive primary and secondary study. Introspective Market
Research reports offer a comprehensive global market as well as an in-depth
strategic sourcing methodology and analysis based on qualitative and
quantitative research to anticipate market growth.
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Segmentation of Cultured Meat market:
By
Type :
·
Poultry
·
Beef
·
Seafood
·
Pork
·
Duck
By Applications:
·
Nuggets
·
Burgers
·
Meatballs
·
Sausage
·
Hot dogs
·
Others
Geographic Segment Covered in the
Report
North
America (U.S., Canada, Mexico)
Europe
(Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific
(China, India, Japan, Southeast Asia, Rest of APAC)
Middle
East & Africa (GCC Countries, South Africa, Rest of MEA)
South
America (Brazil, Argentina, Rest of South America)
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Reasons to Purchase this Market
Report:
Market
forecast analysis through recent trends and SWOT analysis
Cultured
Meat Market Dynamics Scenarios with Market Growth Opportunities over the Next
Year
Market
segmentation analysis, including qualitative and quantitative studies that
include economic and non-economic impacts
Cultured
Meat Market Regional and country-level analysis that integrates demand and
supply forces that impact the growth of the market.
Competitive
environment related to the Cultured Meat market shares for key players, along
with new projects and strategies that players have adopted over the past five
years
Key Benefits for Industry Participants &
Stakeholders:
Industry drivers, restraints, and
opportunities covered in the study
Neutral perspective on the market
performance
Recent industry trends and
developments
Competitive landscape & strategies
of key players
Potential & niche segments and
regions exhibiting promising growth covered
Historical, current, and projected
market size, in terms of value
In-depth analysis of the Cultured Meat
Market
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