Artificial Meat Market Overview:
The Artificial Meat Industry Report from Stellar Industry Research provides readers with a thorough analysis of the global market environment. Using 2020 as the base year and historical data from 2016 to 2019, this market study looks at the situation from 2021 to 2027. By giving customers a variety of research-based information, this study assists them in making important business decisions.
In comparison to regular meat, the use of artificial meat has several potential health, environmental, cultural, and economic implications. Cultured meat is made in a lab from a few animal cells and is sometimes referred to as lab-grown, clean, or cultivated meat. It’s real meat, but unlike traditional meat, it doesn’t necessitate the death of animals.
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Artificial Meat Market Dynamics:
Because of the scale of its ethical, human health, and environmental implications, the meat business has come under increased criticism in recent years. The aforementioned problems, together with projections that demand for protein products would continue to rise over the forecast period, indicate a pressing need for more nutritional, animal welfare-conscious, and sustainable protein product approaches. However, the demand for nutritious meat remains constant as one of the most nutritious meats that can consume is liver, particularly the beef liver. It’s high in high-quality protein, as well as it also contains vitamins A, B12, and B6, iron, zinc, and vital amino acids.
Consumer demand for meat and animal-derived goods has fueled the expansion of cellular agriculture, which uses in-vitro cultivation to create animal proteins with less animal-derived material than the present meat industry. The concept aims to satisfy an end-user who wants to consume meat products while also ensuring total food security and reducing the food production’s environmental impact.
Artificial Meat Market Segmentation:
The market is divided into categories for poultry, pork, beef, duck, and other sources. With a 36.1% market share in 2020, the poultry segment dominated the industry. The poultry segment is anticipated to grow significantly as a result of the rising number of manufacturers in the artificial meat market, the low cost of cultured chicken products compared to those from other sources, the readily available supply of protein, the low fat content, and the absence of significant religious restrictions. Due to the expanding popularity of poultry products in fast food restaurants and the rapid urbanisation, producers have been forced to create novel alternative products to meet growing consumer demand. This reason is why this market is expanding quickly.
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Artificial Meat Market Key Players:
- Appleton Meats (Canada)
- Fork & Goode (New York)
- Biofood Systems LTD (Israel)
- Mission Barns (California)
- BlueNalu, Inc. (California)
- Mutable (U.S)
- Seafuture Sustainable Biotech (Canada)
- Shiok Meats (Singapore)
- Wild Type (U.S)
- Lab farm Foods (U.S)
- Kiran Meats (India)
COVID-19 Impact Analysis of Artificial Meat market:
The COVID-19 virus caused a significant and extended drop in industrial utilisation, while travel prohibitions and facility closures kept individuals away from their facilities, causing the Artificial Meat market to stall in 2020. The new study examines the influence of COVID 19 on the Artificial Meat# market, as well as insights, analyses, estimations, and predictions. Stellar Artificial Meat Market Research examines consumer behaviour in the aftermath of the epidemic, as well as its impact on the Artificial Meat market’s future, categorization, trends, and growth in market limitations.
About Stellar Market Research:
Stellar Market Research is a market research and consulting firm that provides syndicated and custom research reports in addition to consulting services. The main goal of the company’s products is to assist businesses in identifying, focusing on, and analysing changes in consumer behaviour across demographics and industries to assist them in making better business decisions. In order to provide relevant and fact-based research, the company conducts market intelligence studies in a variety of industries, including healthcare, touch points, and energy. With experience in many different industries, Stellar Market Research has a sizable staff of highly qualified analysts. Clients can gain a competitive advantage over their rivals thanks to the company’s subject-matter expertise and capacity to provide a workable solution to any research problem.
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