A recent market intelligence report that is published by Data Insights Partner on the global cultured meat market makes an offering of in-depth analysis of segments and sub-segments in the regional and international market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global cultured meat market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of the global market is offered. In accordance with the report, the cultured meat market is projected to expand at a CAGR of 16% over the period of forecast.
Market Insight, Drivers, Restraints & Opportunity of the Market:
Cultured meat is the meat produces by in vitro culture of animal cells instead of slaughtering animals. It employs the same method of tissue engineering techniques used in regenerative medicine. This is a form of cellular agriculture where meat is grown ethically in laboratories.
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Cellular agriculture is on the rise as the world these days is becoming more aware about animal welfare and environmental sustainability. In many places, consumers are rethinking about replacing traditional animal meat with the more humane culturally cultivated meat. This explains the rise in consumer preferences for “mock meat” or artificially cultured meat. Usually during synthesis, these meats are infused with necessary nutrients so that the consumer having the meat gets the required nutrition. Also, meeting daily protein requirement is a hurdle for many people who do not eat meat for ethical reasons, and this industry eliminates that doubt. This is why the cultured meat industry is growing at such a fast pace.
This process of cultivating meat by multiplying animal cells in a lab requires thorough professional knowledge and a lot of parameters to maintain such as lab hygiene, suitable temperatures and humidity to state some. In short, this process is extremely high maintenance which marks the reason for the steep price of the end product. In developing countries, many companies may not be able to fund for such an industry which requires such extensive and intensive conditions to flourish, and bigger players may capture international markets before local players even get their chance to grow.
Avant Meats is a Hong Kong based company that produces safe, high quality sustainable fish meat without sacrificing the ocean biodiversity. They make use of cell technology and produce in clean and controlled conditions. As there are no fishes collected from the sea, the question of marine pollution such as lead, plastic and heavy metal entering the digestive tract while eating remains out of question. Mission barns produces meat by isolating cells from pigs and producing them in a warm cultivator which mimics the animal’s internal environment, and the extraction of cells is usually done under anesthesia so that the animal doesn’t experience any pain. The cells grow naturally, and nutrients are injected into it. The proliferation goes on until a trillion cells are achieved from a small sample. Mission Barns’ safe meat contains no food borne contaminations, heavy metals or other pollutants, or antibiotics. Considering these options of cultured meat being ethical, healthier and more sustainable, it can be concluded safely that mock meat is here to stay.
This market intelligence report on the global meat culture market has segments based on source, uses and country/regions.
In terms of source, the global cultured meat market is segregated into
By uses, the global cultured meat market is also classified into,
- Hot dogs
By country/region, the global cultured meat market has been divided into
- North America (the U.S., Canada),
- Latin America (Brazil, Mexico, Argentina and other countries),
- Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
- Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
- Middle East and Africa (GCC, South Africa, Israel and Other countries).
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Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as
- Avant Meat Company Limited
- Higher Steaks
- Biofood Systems
- Mission Barns
- Labfarm Foods
- Seafuture Sustainable Biotech
- Shiok Meats
- Memphis Meats
Other players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as cultured meat market related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Ø This study offers comprehensive yet detailed analysis of cultured meat market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world of cultured meat market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø Leading market players covered this report comprise names such as Memphis Meats, Kiran Meats, Aleph Farms Ltd., Avant Meat Company Ltd, Mission Barns, Bluenalu, Shiok Meats and many more.
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for meat culturing caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for the market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies has been taken into consideration before coming to a conclusion.
Reasons to buy:
v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the cultured meat market
v Identification of key factors driving investment opportunities in the cultured meat market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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