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The global cultured meat market reached a value of US$ 161.6 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 372.04 Million by 2027, exhibiting a CAGR of 14.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Cultured meat, also known as cultivated meat, is created in laboratories from a few animal cells without slaughtering any animal. It eliminates the need of farming and raising animals for food and prevents E. coli bacteria and other contaminants from entering the human body, which may be present in the conventional meat processing plant. Its production requires less land, uses less water, and produces less pollution compared to traditional meat production, which releases methane (CH4), carbon dioxide (CO2), nitrous oxide (N2O), and other greenhouse gases.
The growing awareness among the masses about the benefits of cultured meat like low environmental impact, eliminating the need to raise animals, and decreasing public health risks, represents one of the key factors driving the market. Moreover, there is a rise in the adoption of nutritional diets among the masses. This, along with the escalating demand for cultured meat among consumers allergic to animal-based proteins, is propelling the growth of the market. In addition, increasing concerns about animal welfare as animals around the world are illegally used for entertainment, food, medicine, and scientific advancement are positively influencing the market. Besides this, key market players are extensively investing in research and development (R&D) activities to introduce 3D printed cultured meat for creating precise digitally printed structures. They are also focusing on promoting the benefits of 3D printed cultured meat technology, such as preserving the texture, taste, and nutritional properties of animal meat products. Other growth-inducing factors are high per capita meat consumption and imports, increased demand for quick-service restaurants (QSRs), rising consumption of meat and meat products, and the rapid improvements in online food delivery services.
IMARC Group provides an analysis of the key trends in each sub-segment of the global cultured meat market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on source, application and end user.
Breakup by Source:
Breakup by Application:
Breakup by End User:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
|Base Year of the Analysis||2021|
|Segment Coverage||Source, Application, End User, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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