New York, NY, June 10, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Cultured Meat Market By Source (Poultry, Pork, Beef, Duck, Seafood), By Application (Nuggets, Sausages, Burgers, Hot Dogs, Meatballs, and Others), By End-User (Household and Food Services), and By Distribution Channel (Hypermarkets/Supermarkets, Food and Drink Specialty Stores, Convenience Stores, Online Retail, and Others): Global & Regional Cultured Meat Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2021 – 2026”.
“According to the recent research report, the demand of global Cultured Meat Market size & share expected to reach to USD 248 Million by 2026 from USD 103 Million in 2020, at a compound annual growth rate (CAGR) of 15.7% during the forecast period 2021 to 2026”
Global Cultured Meat Market: Overview
Cultured meat is described as lab-grown meat created in a culture medium utilizing different tissue and bio-engineered techniques. In vitro meat, clean meat, and synthetic meat are all terms used to describe cultured meat. Cells from an animal are gathered and developed in an enhanced and suitable culture medium to produce cultured meat. As a result of being cultivated in an aseptic and highly regulated environment, the final meat produced is devoid of any hazardous organisms. Such lab-grown meat also offers a number of advantages over traditional meat, including being healthier and devoid of foodborne and nutrition-related disorders. Commercialization of in vitro meat production would also lower the number of animals sacrificed, as well as the amount of land, water, and energy consumed.
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(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)
Industry Major Market Players
- Memphis Meats
- MosaMeat
- Cubiq Foods
- Seafuture Sustainable Biotech
- SuperMeat
- Cell Farm FOOD Tech/Granja Celular S.A
- Just Inc
- New Age Meats
- Integriculture Lab farm Foods
- Aleph Farms Ltd
- Fork & Goode
- Finless Foods Inc.
- Meatable
- Avant Meats Company Limited
- Shiok Meats
- Balletic Foods
- Bluenalu Inc.
- Future Meat Technologies Ltd
- Mission Barns
- Appleton Meats
- Kiran Meats
- Higher Steaks
- Wild Type
- Biofood Systems LTD
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Key questions answered in this report:
- What is the projected market size & growth rate of the Cultured Meat Market?
- What are the key driving factors for the growth of the Cultured Meat Market?
- What are the top companies operative in the Cultured Meat Market?
- What segments are covered in Cultured Meat Market?
- How can I get free sample report/company profiles of Cultured Meat Market?
The growing popularity of vegetarian and vegan lifestyles is fueling the cultured meat business. Veganism has exploded in popularity in recent years, with social media playing a crucial part in this movement. As a result, non-vegetarians who have converted to veganism prefer cultured meat. Because cultured meat is generated in labs and is cell-based, it eliminates the possibility of fungal or bacterial development or illnesses spreading through the intake of cultured meat. As a result, as customers' preferences move toward clean labels and a healthy lifestyle, safer grade meat is a crucial driver driving the industry. Factory farming difficulties are thought to be solved with cultured meat. This type of meat has the potential to solve a number of environmental issues while also improving animal welfare. Consumer choice is changing toward items that are environmentally friendly and offer animal welfare, which is a significant driver driving the market over the projected period.
Future Meat Technologies secured USD 14 million in investment in October 2019 to expand its cultured meat R&D efforts and open its first cultured meat manufacturing plant. The company's activities are anticipated to commence in 2020 in Tel Aviv, with a product launch following in 2021.
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Market Dynamics
Because of the rising worldwide need for meat replacements and other sources of protein, the worldwide cultured meat industry is likely to see substantial growth. Growing health awareness, environmental concerns, and improved health benefits are all expected to have a beneficial influence on the market's growth. Other key variables expected to boost the global cultured meat market are increased consumer inclination toward animal welfare and breakthroughs in cellular agriculture. Furthermore, rising meat consumption, along with rising demand for healthy meat, is expected to aid market expansion throughout the forecast period.
Global Cultured Meat Market: Growth Factors
The growing customer demand for cultured meat as a replacement for animal-based goods is driving the industry. Concerns over animal cruelty in meat processing have had a major effect on public attitudes toward meat consumption. However, fulfilling everyday protein requirements and the flavor of meat products are important considerations when using animal-based meat substitutes. This is shaping up to be a win-win situation for the cultured meat industry. Furthermore, as technology advances, cultured meat production is expected to increase in the future. The increased use of meat products in developing regions such as Europe and North America is one of the driving forces for the cultured meat demand in these regions.
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North America is projected to Dominate Global Cultured Meat Market Growth
In 2020, the worldwide market for cultured meat was controlled by North America. Increased urbanization, increased research and development activities, the presence of foreign players in the region, and technical breakthroughs are some of the reasons that have contributed to the region's prosperity. The region's market development is fueled by strong disposable incomes and increased environmental concerns. The market for cultured meat has risen as a result of rising agricultural technical developments and rising fast-food consumption. Growing knowledge of animal welfare, improved lifestyles, and health concerns are some of the causes driving the expansion of the cultured meat business in North America.
Browse the full report “Cultured Meat Market By Source (Poultry, Pork, Beef, Duck, Seafood), By Application (Nuggets, Sausages, Burgers, Hot Dogs, Meatballs, and Others), By End-User (Household and Food Services), and By Distribution Channel (Hypermarkets/Supermarkets, Food and Drink Specialty Stores, Convenience Stores, Online Retail, and Others): Global & Regional Cultured Meat Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2021 – 2026” report at https://www.fnfresearch.com/cultured-meat-market
The global cultured meat market is segmented as follows:
By Source:
- Poultry
- Pork
- Beef
- Duck
- Seafood
By Application:
- Nuggets
- Sausages
- Burgers
- Hot Dogs
- Meatballs
- Others
By End-User:
- Household
- Food Services
By Distribution Channel:
- Hypermarkets/Supermarkets
- Food and Drink Specialty Stores
- Convenience Stores
- Online Retail
- Others
Key Highlights of this Report:
- Statistically Validated Analysis of Historical, Current, and Projected Industry Trends with Authenticated Market Sizes Information and Data in terms of Value and Volume, wherever applicable
- Detailed List of Key Buyers and End-Users (Consumers) analyzed as per Regions and Applications
- Overview of Key Marketing Strategies and Key Sales Channels Adopted in the Market
- Market Attractiveness Analysis and Key Investment Opportunity Analysis in the Market going forward
- Direct and Indirect Factors that Impacted the Industry as well Projected Rationales expected to affect the industry going forward
- Historical and Projected Company / Vendor / OEM / Supplier Market Shares, Competitive Landscape, and Player Positioning Data
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