Artificial Meat Market Is Expected To Reach USD 5.2 Billion by 2027 and Grow At A CAGR of 4.3 Percent Over The Forecast Period.
According to the report by Stellar Market Research, Artificial Meat Market is estimated to grow at a CAGR of 4.3 percent over the forecast period 2022 to 2027. The Artificial Meat Market size was valued at USD 4.04 Bn in 2021.
Artificial Meat Market Overview:
Cultured meat or cell-based meat is created from a tiny sample of animal tissue that is grown in a nutrient-rich environment to replicate the nutritional composition of traditional meat, artificial meat. Instead of using dead animals to make artificial meat, animal cells are cultivated in vitro. It falls within the category of cellular agriculture. Artificial meat is produced using the same tissue engineering methods as regenerative medicine. Compared to real meat, artificial meat has a number of possible negative effects on human health, the environment, culture, and the economy. Sometimes referred to as lab-grown, clean, or cultivated meat, cultured meat is produced in a laboratory using a small number of animal cells.
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Artificial Meat Market Scope and Dynamics:
The meat industry has faced more criticism in recent years due to the scope of its ethical, human health, and environmental ramifications. These issues highlight the urgent need for more nutritive, animal welfare-aware, and sustainable protein product techniques, which are also expected to increase demand for protein products during the forecast period. However, the need for nutrient-dense meat never goes away since liver, particularly cow liver, is one of the most nutrient-dense meats that can be consumed. It has a lot of high-quality protein, iron, zinc, vitamins A, B12, and B6, as well as essential amino acids. Cellular agriculture, which employs in-vitro cultivation to produce animal proteins with less animal-derived material than the current meat industry, has grown as a result of consumer demand for meat and products made from animals. The idea strives to satisfy a consumer who wants to consume meat products while also assuring complete food security and minimising the environmental effect of food production.
Regarding product safety, the FDA is collaborating with the USDA to monitor beef and poultry raised in cages using the system of regulations. However, the FDA is the only agency in charge of artificial meat products. The Food and Drug Administration (FDA) and the USDA are the two organisations in charge of regulating the artificial meat industry. This market restraint is mostly due to the authorities’ potential use of stringent regulations for foods that have undergone organic modification.
The meat industry has experienced a significant upheaval as a result of changing consumer behaviour. Market growth is supported by increased disposable income, a rise in takeout food demand, busy lifestyles, a rise in health consciousness, and longer workdays. As a consequence of shifting consumer tastes, the meat industry has been compelled to adopt cutting-edge technology to produce commodities that would fit both the growing and expanding demand of customers. Additionally, it gives newcomers to the alternative meat industry expansion opportunities, enabling them to gain market momentum by creating new products that satisfy customer demand. This presents a significant opportunity for the artificial meat market.
Artificial Meat Market Insights:
With a 35.2 percent market share in 2020, the North American region dominated the artificial meat market. The artificial meat market in North America is expected to have robust demand during the forecast period due to the region’s meat-eating population as well as increased investments and research on product expansion. Furthermore, the region is estimated to benefit from positive transformation and growth potential due to the global presence of manufacturers of cultured meat. There is a fair amount of industrial competition amongst the few makers of meat alternatives. But greater market competition is expected to be supported by new players, a variety of client preferences, and increasing demand during the forecast period. Currently, the industry is characterised by efforts to make superior goods while observing food rules.
Artificial Meat Market Segmentation:
Application
- Nuggets
- Sausages
- Burgers
- Meatballs
- Hot Dogs
Source
- Poultry
- Pork
- Beef
- Duck
- Others
Key Players in Artificial Meat Market:
-
- 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)
To Get a Detailed Report Summary and Research Scope of The Artificial Meat Market, Click here:@https://www.stellarmr.com/report/Artificial-Meat-Market/366
About Stellar Market Research:
Stellar Market Research, founded in 2018, is an India-based consultancy and advising firm focused on aiding customers in reaching their company transformation goals through advisory services and strategic business. The company’s goal as a strategic knowledge partner is to become an important component of the client’s business. Stellar Market Research provides comprehensive solutions that go beyond core research technology to help leaders in any organization achieve mission-critical goals. The company produces recommendations that will allow the organization to develop in the future. So far, the firm has worked with over 335 companies across 25 industries, providing dependable data with a 94 percent accuracy rate. The organization has domain-specific research specialists and 119 research analysts in several sectors who evaluate the industry on a regular basis, assisting the company in gaining a competitive advantage through high-quality market intelligence.
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