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

Global Cultured Meat Market was valued at USD XX Billion in the year 2017. Global Cultured Meat Market is further estimated to grow at a CAGR of XX% from 2092 to reach USD XX Billion by the year 2023. The North America region holds the highest market share in 2017 and the Asia Pacific is considered as the fastest growing market in the forecasted period. At a country level, US, China are projected to grow strongly in the coming years due to increasing density of population and funding through Research and Development.

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Mosameat (Netherlands), Memphis Meats (U.S), Supermeat (Israel) are the key players in this market.

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Drivers:

• Increasing demand for alternative protein

Restraints:

• Market consolidation

Opportunities:

• High set up cost

Challenges:

• 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 Source

• Poultry
• Pork
• Beef
• Duck

By End Use

• Nuggets
• Burgers
• Meatballs
• Sausages
• Hot Dogs
• Other End Uses

By Region

• North America
• Europe
• Asia-Pacific
• RoW
• SGS

Key Market Players

• Mosameat
• Memphis Meats
• Supermeat
• Just, Inc.
• Integriculture Inc.
• Modern Meadow
• Super Meat
• Finless Food
• Mclean Meats Inc.
• Impossible Foods

(A brief overview of 10 companies is also provided)

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This release was published on openPR.