According
to the current analysis of Reports and Data, the global Cultured Meat
market is
estimated to be valued at USD 15.29 Million by year 2021, and reach a value of
USD 19.0 Million by year 2032, at an estimated CAGR of 4.4%. With the increase
in global demand for meat, there is also a strong lookout for meat substitutes
and alternative sources of protein. This can be associated with environment
sustainability concerns coupled with rising focus on animal welfare and
benefits offered by cultured meat. Advancements in cellular agriculture is also
pushing the growth of synthetic meat forward. The market, despite its popular
appeal, is still at an early stage due to obstructions such as long approval
periods, huge and recurring funding requirements, and the slow rate of usable
output. New scaffold developments are expected to be of crucial use in the
market.
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Competitive
Landscape:
The research
report offers details about leading companies in the global Cultured Meat
market along with global position, financial standing, license agreement,
products and services portfolio and revenue contribution of each market player.
Key players in the market are focusing on adopting various strategies such as
mergers and acquisition, business expansion plans, new product launches,
partnerships, collaborations, joint ventures to enhance their product base and
gain robust footing in the market.
Market
Dynamics:
Increasing consumer
inclination towards functional, organic and probiotic-based food & drinks
is providing impetus to the growth of global food and beverage industry.
Various studies have come with health benefits associated with “ethnic” and
organic food products. These foods improve cardiovascular health, improves
arthritis, digestive issues, and other inflammatory conditions. Consumers are
gradually focusing on mindful eating and consuming food for health and
wellness. Changing eating and dietary patterns of consumers is prompting brand
owners and new entrants to introduce healthy foods options. Several clean-label
products have been introduced in the market and consumer curiosity for new
products is immense
Growing
middle class consumers with rising income in developing countries such as India
and China will boost food & beverage market growth. Moreover, increasing
consumer preference for procuring food and beverage items from online platforms
due to variety, cost and time-saving will foster market size through 2032.
Some of the Leading Market Players Are Listed Below:
· Mosa
Meat,
· Integriculture
Inc.,
· Aleph
Farms,
· Finless
Foods,
· Memphis
Meats,
· Modern
Meadow,
· Wild
Earth Inc.,
· Supermeat,
· Future
Meat Technologies
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Cultured Meat Market Segmentation based on Source
Outlook:
- Poultry
- Pork
- Beef
- Duck
- Seafood
- Turkey
Cultured Meat Market Segmentation based on
Application:
- Nuggets
- Burgers
- Meatballs
- Sausages
- Hot Dogs
- Others
Cultured Meat Market Segmentation based on Regions:
·
North
America (U.S., Canada, Mexico)
·
Europe
(Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
·
Asia
Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
·
Latin
America (Brazil, Rest of Latin America)
·
Middle
East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East &
Africa)
Key
Features of the global Cultured Meat Market:
·
The
report offers detailed estimations at the regional level with manufacturers,
consumption, sales and import/export dynamics.
·
The
report provides accurate details related of the manufacturers/vendors in the
market, company overview, pricing analysis, financial standing, product
portfolio, and gross profit of leading companies.
·
Company
profiling with prevalent expansion strategies, revenue generation, and recent
developments.
·
Optimum
strategic initiatives for new players in the market.
·
Manufacturing
processes, suppliers, cost, rates of production and consumption, transport mode
and cost structuring, and value chain analysis.
·
The
study also includes supply chain trends, including elaborate descriptions of
the latest technological development
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reading our research report. We also offer report customization as per client
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