Press release
Cultured Meat Market Expected to Reach US$ 372.04 Mn, Globally, by 2027 at 14.30% CAGR
COVID-19 Impact on Market: (Positive Impact)
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Industry Definition and Application:
Cultured meat is derived by cultivating animal cells in laboratories through defined scientific procedures. It can be of several types, including beef, seafood, pork, duck, poultry, etc. These cultured meat products are not artificial in nature. They are produced from the stem cells that are immersed in a liquid containing nutrients to help them duplicate and then kept in a bioreactor, a device designed for growing organisms. The cultured meat variants eliminate the need for farming and slaughtering animals for food, prevent E. coli bacteria and other contaminants from entering the human body, and reduce the release of methane, carbon dioxide, and nitrous oxide as compared to traditional meat production. Consequently, they are in extensive demand among consumers across countries.
Global Cultured Meat Market Trends and Drivers:
The rising number of individuals allergic to animal-based proteins and the escalating concerns about animal safety and welfare are primarily driving the cultured meat market. Besides this, the elevating awareness towards the benefits of lab-cultivated meat products, such as low environmental impact, decreased public health risks, eliminated need to raise animals, etc., is acting as another significant growth-inducing factor.
Furthermore, the inflating investments by key market players in research and development (R&D) activities and the introduction of 3D printed cultured meat are also positively influencing the market growth. Additionally, the increasing demand for quick-service restaurants (QSRs) and the expanding improvements in online food delivery services are expected to propel the cultured meat market over the forecasted period.
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Global Cultured Meat Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these top key players include:
Aleph Farms, BlueNalu Inc., Cubiq Foods S.L., Finless Foods Inc., Future Meat Technologies, IntegriCulture Inc., Meatable, Mission Barns, Mosa Meat, New Age Meats, Shiok Meats and Upside Foods.
The report has segmented the market on the basis of region, source, application and end user.
Breakup by Source:
• Poultry
• Beef
• Seafood
• Pork
• Duck
Breakup by Application:
• Nuggets
• Burgers
• Meatballs
• Sausages
• Hot Dogs
Breakup by End User:
• Household
• Food Services
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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