Cultured Meat Market by Source (Poultry, Pork, Beef, Duck) by End Use (Nuggets, Burgers, Meatballs, Sausages, Hot Dogs) – Business Overview, Analysis and Industry Forecast 2017-2023
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Mosameat (Netherlands), Memphis Meats (U.S), Supermeat (Israel) are the key players in this market.
• Increasing demand for alternative protein
• Market consolidation
• High set up cost
• Skepticism among consumers
The Global Cultured Meat Market is divided as Source, End Use and Region. On the basis of Source, the cultured meat market is segmented into poultry, pork, beef, and duck. The poultry segment is projected to account for the largest share, followed by pork. Currently, cells cultured from poultry meat are preferred for making cultured meat due to consumer preference for chicken, its cost effectiveness, and simplified cell structure as compared to other sources such as beef.
On the basis of End Use, cultured meat is expected to be preferred for the preparation of nuggets. The nuggets segment is expected to account for the largest market share. Developed countries such as the UK, Canada, the US, Germany, and Spain are major consumers of nuggets as snacks and present a positive outlook for the cultured meat during the forecast period. Cultured meat is also expected to be used in making sausages, burgers, meatballs, and hot dogs. The growing demand for clean meat and positive attitude towards cultured meat by consumers in developed countries are some factors expected to the growth of this segment.
Key Benefits for Stakeholders
• Meat processors, traders, distributors, importers, exporters, and suppliers
• Food retailers
• Commercial research & development (R&D) organizations and financial institutions
• Livestock research organizations
• Cultured meat associations and regulatory bodies such as the Cultured Meat Foundation and Future Food
• Other associations such as the US Cattlemen's Association (USCA)
By End Use
• Hot Dogs
• Other End Uses
• North America
Key Market Players
• Memphis Meats
• Just, Inc.
• Integriculture Inc.
• Modern Meadow
• Super Meat
• Finless Food
• Mclean Meats Inc.
• Impossible Foods
(A brief overview of 10 companies is also provided)
Read Report Overview with Full TOC @ https://genesismarketinsights.com/viewreport/420/27/Cultured-Meat-Market
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