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Worldwide Cultured Meat Industry to 2030 - Surge in Demand for Alternative Protein Products is Driving Growth

·7-min read

Dublin, June 14, 2021 (GLOBE NEWSWIRE) -- The "Cultured Meat Market by Type and End User: Global Opportunity Analysis and Industry Forecast 2022-2030" report has been added to ResearchAndMarkets.com's offering.

The cultured meat market size was valued at $1.64 million in 2021, and is estimated to reach $2,788.1 million by 2030, registering a CAGR of 95.8% from 2022 to 2030. Cultured meat or in vitro meat offers a safe and disease-free way forward to meet increasing meat requirement without involving animal sacrifices and at the same time, reducing greenhouse emissions, as compared to conventional meat. Growing population, rising affluence and urbanization across the world is likely to increase the demand for meat. Conventional way of meat production is not feasible enough to cop up with rising demand for animal meat. Furthermore, Conventional meat production systems involving ruminant animals, are responsible for the emission of greenhouse gases (GHG), contributing about 37% of all the methane emission.

Meat consumption also contributes to cardiovascular diseases and animal food-borne diseases. These disadvantages of the farming meat are likely to create the demand and interest for cultured meat. Growing concern about the animal welfare and allergic reaction due to consumption of conventional meat is likely to propel the growth of the cultured meat market during the forecast period. There are enormous benefits associated with the consumption and production of the cultured meat such as zero animal cruelty, Less antibiotic resistance, less deforestation, comparatively low usage of water, land and other resources.

However, lack of awareness and high cost of production are considerably expected to hinder the growth of the cultured meat market during the forecast period. Furthermore, availability of the alternative protein further hamper the growth of the global market.

The global cultured meat market is segmented into type, end user, and region. By type, it is categorized into red meat, poultry, and seafood. Depending on end user, it is fragmented into household and food services. Region wise, it is analyzed across North America (U.S. and Rest of North America), Europe (UK, Switzerland, Germany, Italy, Belgium, The Netherlands and Rest of Europe), Asia (Singapore, Japan, China and Rest of Asia), and rest of the world (Israel, UAE and Others).

The major players operating in the market are Aleph Farms Ltd., Cubiq Foods S.L., Future Meat Technologies, Meatable B.V., Memphis Meats , Mission Barns, Mosa Meat BV, Redefine Meat, and Vow Group Pty Ltd.

Key Benefits

  • The study provides an in-depth analysis of the global cultured meat market, with current and future trends to elucidate the imminent investment pockets in the market.

  • The report provides information regarding drivers, restraints, and opportunities with impact analysis.

  • A quantitative analysis from 2019 to 2027 is provided to showcase the financial competency of the market.

  • Porter's five forces model of the industry illustrates competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, bargaining power of the buyers, and bargaining power of the suppliers operating in the market.

  • Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.

  • Competitive intelligence highlights business practices followed by leading market players across various regions.

Key Topics Covered:

CHAPTER 1: INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter's five forces analysis
3.4. Regulatory challenges and ethical aspects
3.4.1. The religious status of cultured meat
3.4.2. Singapore
3.4.3. Europe
3.4.4. US
3.5. Market dynamics and trends
3.5.1. Driver
3.5.1.1. Surge in demand for alternative protein products
3.5.1.2. Increase in concerns about animal welfare & rise in environmental awareness
3.5.1.3. Rise in consumer demand for allergen-free foods
3.5.2. Restraints
3.5.2.1. High cost of production
3.5.2.2. Availability of healthier substitutes
3.5.3. Opportunities
3.5.3.1. Rise in supply-demand gap of conventional meat
3.5.3.2. Increase in purchasing power
3.5.3.3. Changes in lifestyle and food habits
3.6. Cultured meat scenario analysis
3.6.1. Short-team market forecasting, 2021-2030
3.6.1.1. Optimistic view
3.6.1.2. Conservative view
3.6.2. Long-term market forecasting, 2021-2040
3.6.2.1. Optimistic view
3.6.2.2. Conservative view
3.7. Technological milestone
3.8. Consumer's perception and preference
3.8.1. Reaction to artificial meat
3.8.2. Attitudes to in vitro meat
3.8.3. What farmed meat people eat now and what IVM they would be prepared to try?
3.8.4. Consumer attitudes toward cultivated meat

CHAPTER 4: CULTURED MEAT MARKET ESTIMATED FORECAST, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Red meat
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast
4.3. Poultry
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast
4.4. Seafood
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast

CHAPTER 5: CULTURED MEAT MARKET ESTIMATED FORECAST, BY END USER
5.1. Overview
5.1.1. Market size and forecast
5.2. Household
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast
5.3. Food services
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast

CHAPTER 6: CULTURED MEAT MARKET, BY REGION

CHAPTER 7: COMPETITION LANDSCAPE
7.1. Top winning strategies
7.2. Investment dashboard of VC
7.3. Competitive dashboard
7.4. Key developments
7.4.1. Collaboration
7.4.2. Investment
7.4.3. Partnership
7.4.4. Product innovation
7.4.5. Product launch

CHAPTER 8: COMPANY PROFILES
8.1. ALEPH FARMS Ltd.
8.1.1. Company overview
8.1.2. Key executives
8.1.3. Company snapshot
8.1.4. Product portfolio
8.1.5. Key strategic moves and developments
8.2. CUBIQ FOODS S. L.
8.2.1. Company overview
8.2.2. Key executives
8.2.3. Company snapshot
8.2.4. Product portfolio
8.2.5. Key strategic moves and developments
8.3. EAT JUST, INC.
8.3.1. Company overview
8.3.2. Key executive
8.3.3. Company snapshot
8.3.4. Product portfolio
8.3.5. Key strategic moves and developments
8.4. FUTURE MEAT TECHNOLOGIES
8.4.1. Company overview
8.4.2. Key executives
8.4.3. Company snapshot
8.4.4. Product portfolio
8.4.5. Key strategic moves and developments
8.5. MEATABLE B. V.
8.5.1. Company overview
8.5.2. Key executives
8.5.3. Company snapshot
8.5.4. Product portfolio
8.5.5. Key strategic moves and developments
8.6. MEMPHIS MEATS
8.6.1. Company overview
8.6.2. Key executive
8.6.3. Company snapshot
8.6.4. Product portfolio
8.6.5. Key strategic moves and developments
8.7. MISSION BARNS
8.7.1. Company overview
8.7.2. Key executive
8.7.3. Company snapshot
8.7.4. Product portfolio
8.8. MOSA MEAT BV
8.8.1. Company overview
8.8.2. Key executives
8.8.3. Company snapshot
8.8.4. Product portfolio
8.8.5. Key strategic moves and developments
8.9. REDEFINE MEAT Ltd.
8.9.1. Company overview
8.9.2. Key executives
8.9.3. Company snapshot
8.9.4. Product portfolio
8.9.5. Key strategic moves and developments
8.10. VOW GROUP PTY Ltd.
8.10.1. Company overview
8.10.2. Key executives
8.10.3. Company snapshot
8.10.4. Product portfolio
8.10.5. Key strategic moves and developments

For more information about this report visit https://www.researchandmarkets.com/r/xxfkyd

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900


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