Cultivated meat, also known as cultured meat or Lab-grown meat, is real animal flesh (including fish and organ meats) created directly from animal cells. This kind of manufacturing eliminates the need to raise and farm animals for sustenance. Cultivated meat is composed of the same cell types as animal tissues, grouped in the same or comparable structure,
Cultivated Meat Market size was valued at US$ 6.77 Bn. in 2021 and the total Cultivated Meat revenue is expected to grow at 16.47 % from 2022 to 2029, reaching nearly US$ 22.92 Bn.
Cultivated Meat Market Overview:
This Cultivated Meat market study looks at current and emerging industry trends and dynamics in the global Cultivated Meat market. Cultivated Meat Extensive market forecasting for the major market segments is carried out between 2021 and 2027. Extensive Cultivated Meat market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive landscape of the worldwide Cultivated Meat market, key players are profiled and their strategies are thoroughly evaluated.
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Cultivated Meat Market Scope:
The analysis contains a current examination of the present Cultivated Meat market landscape, as well as the most recent trends and drivers, as well as an overview of the entire Cultivated Meat market environment. Increased demand for Cultivated Meat is driving the market. The Cultivated Meat market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.
Segmentation:
By Source, The poultry segment is expected to dominate the global cultivated meat market during the forecast period due to the rising popularity of poultry products in different quick-service restaurants i.e. QSRs, which has spurred producers to develop new alternative goods to satisfy potential meet customers’ requirements. Cultivated chicken and meat products are expected to be less expensive than other sources and to acquire widespread acceptance around the globe. Likewise, the increased need for animal protein requires a huge amount for poultry products. This is expected to increase the global market growth of cultivated meat. Moreover, increased demand for chicken meat due to rapidly growing urban populations in emerging nations is expected to drive the global cultured meat market. The dining out trend, as well as strong R&D expenditure by major organizations such as Tyson Foods and Cargill, are major drivers that are expected to drive the poultry segment and also other segments of the global market.
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Key Players:
The market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the market’s major influencing factors, as well as complete company profiles of
- 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)
Regional Analysis:
Individual market influencing variables and changes in market laws that impact present and future market trends are also included in the regional segment of the Cultivated Meat market study. Data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies are just a few of the indicators utilized to anticipate market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.
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COVID-19 Impact Analysis on Cultivated Meat Market:
The COVID-19 epidemic has had a significant impact on the global Cultivated Meat industry. Cultivated Meat Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Cultivated Meat market to decelerate in 2020. The negative impact of COVID-19 on the Cultivated Meat market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2021, owing to increased demand for Cultivated Meat .
Key Questions Answered in the Cultivated Meat Market Report are:
- Which segment was responsible for the largest share in the Cultivated Meat market?
- How was the competitive scenario of the Cultivated Meat market in 2020?
- Which are the key factors responsible for the Cultivated Meat market growth?
- Which region held the maximum share in the Cultivated Meat market in 2020?
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