According to this latest study, the growth in The Cultured Meat Market was estimated to be USD 125 Million in 2020 and is expected to reach USD 351.15 million by 2027, registering a CAGR of 15.9%, from 2021 to 2027.
Cultured meat referred to as 'clean meat' or 'slaughter-free meat' is gaining propulsion as start-ups continue to discover their latest lab-grown wares. Cultured meat, also called lab-grown meat and it is cultivated by in vitro cell culture instead of slaughtering animals, in a controlled medium. It reproduces the aroma, taste, and texture of farmed meat. In the process of culturing, farm animals' cells are converted into a controlled medium, which contains nutrients and growth factors needed for the growth and transformation of stem cells into mature muscle cells within the bioreactor. Furthermore, to develop cultured meat, animal stem cells are carried from which produce muscle cells. On an industrial level, bioreactors, similar to brewery tanks, will be utilized to scale up the process from its laboratory basics. But why is meat production in this way even advisable? Cultured meat is anticipated to develop fewer greenhouse gas emissions because it will cut animal methane emissions. It notably overcomes the requirement for antibiotics owing to being grown in sterile conditions. Moreover, the slaughter-free production of meat through cell cultures can raise animal welfare significantly. Extreme depletion in land and water use are also anticipated. Nevertheless, all of these significances have not yet materialized and it is undetermined to which degree they will.
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According to Statista, at the end of 2020, Singapore was the first economy to ever approve a cultured meat product. Plenty restaurant 1880 catered its customers an opportunity to try out the first-ever lab-grown chicken in a series of three dishes for 23 U.S. dollars. The meat is provided by the American start-up Eat Just. In contrast, the first cultured meat product ever developed, a beef burger patty presented in 2013 by the Dutch start-up Mosa Meat, had a price tag of around 330,000 U.S. dollars.
Leading Key Players Covered in Cultured Meat market:
· 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)
· Meatable (Netherlands)
· Mission Barns (US)
· Bluenalu
· Inc. (US)
· New Age Meats (US)
· Shiok Meats (Singapore)
· Seafuture Sustainable Biotech (Canada)
· Wild Type (US)
· Lab farm Foods (US)
· Cubiq Foods (Spain)
· Kiran Meats (US)
· and Cell Farm FOOD Tech/Granja Celular S.A (Argentina).
These companies are devising key strategies such as acquisitions, merges, collaborations, partnerships, new product launches, regional expansions, and targeting untapped markets to gain competitive advantage over other players working in the market.
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Segmentation of Cultured Meat market:
By Type :
· Poultry
· Beef
· Seafood
· Pork
· Duck
By Applications:
· Nuggets
· Burgers
· Meatballs
· Sausage
· Hot dogs
· Others
Geographic Segment Covered in the Report
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
South America (Brazil, Argentina, Rest of South America)
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Market forecast analysis through recent trends and SWOT analysis
Cultured Meat Market Dynamics Scenarios with Market Growth Opportunities over the Next Year
Market segmentation analysis, including qualitative and quantitative studies that include economic and non-economic impacts
Cultured Meat Market Regional and country-level analysis that integrates demand and supply forces that impact the growth of the market.
Competitive environment related to the Cultured Meat market shares for key players, along with new projects and strategies that players have adopted over the past five years
Key Benefits for Industry Participants & Stakeholders:
Industry drivers, restraints, and opportunities covered in the study
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Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Cultured Meat Market
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