Artificial meat, also known as cultured meat or cell-based meat, is created by cultivating a small sample of animal tissue in a nutrient-rich environment in order to mimic the nutritional profile of traditional meat. Rather than being derived from slaughtered animals, artificial meat is created using animal cells cultured in vitro. It is categorised as cellular agriculture. Artificial meat is created using many of the same tissue engineering techniques used in regenerative medicine. The Artificial Meat Market report includes PESTLE analysis, PORTER’s five force analysis, and segment analysis by source, application, and region.
Artificial Meat Market Scope:
The Artificial Meat market is segmented in this Stellar Market Research report based on manufacturers, regions, product types, and application areas. A market’s size can be calculated using its value, output, and consumption. This Stellar Market Research (SMR) report discusses distribution channels, Porter’s Five Forces Report, market share, size, growth rate, future trends, market drivers, opportunities and challenges, risks, and entry barriers, among other things.
Artificial Meat Market Overview:
The SMR Artificial Meat Market report investigates the historical and projected growth of the upstream, midstream, and downstream industries. The market research study goes into great detail about the overall market size, revenue, and market segmentation. The SMR research takes into account a wide range of factors, including current market competition, potential growth barriers, key manufacturer profiles, and production and consumption by relevant areas.
Artificial Meat Market size was valued at US$ 3.87 Bn in 2020. The Global Artificial Meat Market is estimated to grow at a CAGR of 4.3% over the forecast period.
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Artificial Meat Market Drivers:
The meat industry has come under increased scrutiny in recent years due to the magnitude of its ethical, human health, and environmental implications. The aforementioned issues, combined with projections that demand for protein products will increase over the forecast period, point to a pressing need for more nutritional, animal welfare-conscious, and sustainable protein product approaches. However, the demand for nutritious meat remains constant because liver, particularly beef liver, is one of the most nutritious meats that can be consumed. It contains a lot of high-quality protein, as well as vitamins A, B12, and B6, iron, zinc, and essential amino acids.
Artificial Meat Market Segmentation:
The market is divided into four categories: poultry, pork, beef, duck, and others. In 2020, the Poultry segment held a 36.1% share of the market. The poultry segment is expected to grow significantly due to the growing number of manufacturers in the artificial meat market, the cost-effectiveness of cultured chicken products compared to other sources, the readily available supply of protein, low-fat content, and minimal religious constraints. Rapid urbanisation, combined with the increasing popularity of poultry products in fast-food restaurants, has prompted manufacturers to create novel alternative items to meet rising customer demand. As a result of this factor, this segment is rapidly expanding.
The Pork segment, on the other hand, is expected to grow at a CAGR of 5.3% over the forecast period. In the culinary world, pork refers to the meat of a domestic pig. It is the most popular meat in the European Union. Fresh and preserved pork are both consumed. Pork is cut into five basic sections: pork shoulder, picnic shoulder, loin, side, and leg, which are then cut into smaller slices at the butcher or meat counter. Because pork shoulder is taken from the top of the pig shoulder is slightly tough and is often marketed as a boneless roast, this segment is expected to grow in the artificial meat market throughout the forecast period.
The market is divided into five applications: nuggets, sausages, hamburgers, meatballs, and hot dogs. In 2020, the Nuggets segment held 45.2% of the artificial meat market. The nugget market is expected to grow significantly due to customer preferences for nuggets as snacks in developed countries such as the United Kingdom, Germany, Canada, and the United States. Consumers’ favourable attitudes towards clean meat and rising demand for cultured meat are among the factors expected to drive the segment’s growth.
However, the meatballs segment is expected to grow during the forecast period because it is made with ground meat that has been shaped into a small ball with other ingredients such as bread crumbs, minced onion, eggs, butter, and seasoning. Meatballs can be fried, baked, or braised in sauce.
Key Players:
Higher Steaks (England)
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)
Cubiq Foods (Canada)
Cell Farm FOOD Tech (New York)
Mosameat (Netherlands)
The SMR report also includes company profiles, product images and specifications, output and capacity figures, pricing and cost information, revenue information, and contact information for the Artificial Meat market’s leading players. It investigates the specifications for raw materials, machinery, and upstream and downstream processes.
Artificial Meat Market Regional Analysis:
The Middle East and Africa, South America, North America, Asia Pacific, and Europe are the market’s five geographical regions. Stellar Market Research covers all market sub-segments as well as major geographic divisions. In this SMR report, we investigate regional evolution in terms of market size, share, and volume. This Stellar Market Research Artificial Meat industry report includes data, geographic breakdowns, and revenue, as well as an in-depth analysis of business chain structures, opportunities, and the most recent market news.
Key Questions answered in the Artificial Meat Market Report are:
- Which product segment is expected to hold the largest share in the Artificial Meat market?
- How is the competitive scenario of the Artificial Meat market?
- Which are the key factors aiding the Artificial Meat market growth?
- Which region holds the maximum share in the Artificial Meat market?
- What is the expected CAGR of the Artificial Meat market during the forecast period 2022-2029?
- Which application segment emerged as the leading segment in the Artificial Meat market?
- Which are the major key players in the Artificial Meat market?
- What key trends are expected to emerge in the Artificial Meat market in the forecast period?
- What will be the Artificial Meat market size by 2029?
- Which company held the largest share in the Artificial Meat market?
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About Stellar Market Research:
In 2018, Stellar Market Research, an organisation based in India, was founded. Its area of expertise is long-term planning and consulting services to help clients meet their organisational transformation goals. The organisation uses its extensive network and in-depth knowledge of the industry to produce well-informed comments on reports that give clients a tactical edge. Customers have access to a market portfolio that will help their company establish a substantial presence, set long-term objectives, and carry out the necessary actions for remarkable growth and market dominance. Price changes, secondary market analysis, and customer buying habits are all carefully taken into account.
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