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 match the nutritional profile of traditional meat. Rather than being derived from slaughtered animals, artificial meat is created using animal cells cultivated 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 study includes PESTLE analysis, PORTER's five force analysis, and segment analysis by source, application, and region.
Artificial Meat Market Report Scope and Research Methodology
The research includes an in-depth analysis of the strategies of the industry's major companies, as well as a complete examination of the various market segments and geographies. SWOT analysis was used to determine the Artificial Meat major players' strengths and weaknesses. A comprehensive analysis of Artificial Meat market dynamics, including drivers, constraints, opportunities, and challenges, is presented for each region and segment. The Artificial Meat Market study also includes figures for import/export consumption, supply and demand, price, cost, income, and gross margins. For correct inferences, the data acquired through primary and secondary research and analysed by MMR analysts on Artificial Meat Market was pooled. To gather data for the Artificial Meat Market research on critical parameters such as market trends, market size, growth patterns, competitive landscape, prognosis, and so on. Primary information was gathered through interviews, while secondary data was gathered from sources such as annual or financial reports, government records, company websites, industry white papers, paid databases, and free databases. To estimate the and regional Artificial Meat Market size, the bottom-up approach was utilised.
Artificial Meat Market Report Overview:
The study is based on significant company estimates as well as market facts. During the projected period, the Artificial Meat Market Report offers growth variables, current market share, various types, technologies, applications, and regional penetrations by 2029.
Artificial Meat Market size was valued at US$ 4.20 Bn in 2022. 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 Dynamics:
The meat industry has been under heightened scrutiny in recent years due to the magnitude of its ethical, human health, and environmental ramifications. The aforementioned issues, together with forecasts that demand for protein products would increase over the projected period, point to a pressing need for more nutritional, animal welfare-conscious, and sustainable protein product alternatives. However, the need for healthy meat remains consistent because liver, particularly cattle liver, is one of the most nutritious meats that can be consumed. It provides 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 sector 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 creative alternative goods to meet increased customer demand. As a result of this factor, this segment is rapidly expanding.
The Pork segment, on the other hand, is predicted to rise at a CAGR of 5.3% over the projection 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. pig is cut into five main sections: pig shoulder, picnic shoulder, loin, side, and leg, which are then cut into smaller slices at the butcher or meat counter. Because pork shoulder is obtained from the top of the pig shoulder is slightly tough and is commonly offered as a boneless roast, this category is likely to rise in the fake meat market throughout the projection period.
The market is divided into five applications: nuggets, sausages, hamburgers, meatballs, and hot dogs. In 2020, the Nuggets sector held 45.2% of the fake meat industry. The nugget industry is predicted to grow significantly due to client 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 increased demand for cultured meat are among the factors expected to drive the segment's growth.
However, the meatballs segment is expected to grow over the forecast period since it is created using ground meat that has been moulded into a small ball with additional components such as bread crumbs, minced onion, eggs, butter, and spices. Meatballs can be fried, baked, or braised in sauce.
Artificial Meat Market Regional Analysis:
The key geographic condition of the market, as well as segments and subsegments, are investigated in the Artificial Meat Industry Research. The research describes the present situation of the regional market in terms of market size, share, and volume. The Artificial Meat market research includes an examination of all regions:
- Europe
- North America
- Asia-Pacific
- the Middle East and Africa
- Latin America
Artificial Meat Market 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)
Key Questions answered in the Artificial Meat Market Report are:
- What is Artificial Meat Market?
- What will be the CAGR of the Artificial Meat market during the forecast period?
- Which region held the largest Artificial Meat market share?
- What are the factors driving the Artificial Meat market growth?
- What are the opportunities for the Artificial Meat Market?
- What factors are restraining the Artificial Meat market growth?
- Which company held the largest share in the Artificial Meat market?
- What key trends are likely to emerge in the Artificial Meat market in the coming years?
- Which segment of the Artificial Meat market is expected to grow at a high rate during the forecast period?
Key offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments and sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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