Global Cultured Meat Market Size, Trends, and Analysis- Forecasts To 2026 By Source (Poultry, Beef, Seafood, Pork, Duck), By End-Use (Nuggets, Burgers, Meatballs, Sausage, Hot dogs, Others), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis
Cultured Meat Market: Insights
Cultured meat is produced by using tissue engineering techniques instead of using slaughtered animals as a source of meat. Also known as cellular agriculture, which develops meat from animal cells. Cultured meat is eco-friendly and reduces greenhouse gas as compared to the regular meat slaughtering process. The market will register a high growth rate between 2021-2026 due to the growing consumption of nutritional meat globally. The growing demand for alternative protein food, rapid advancements in cellular technologies, increasing investments by key players, and stringent rules on regular animal slaughtering methods are the primary factors driving the market growth for cultured meat. However, high set cost and growing consumption of plant-based protein are hampering the market growth.
Cultured Meat Market: By Source
Based on the source, the market is segregated into beef, pork, poultry, seafood, and duck among others. The poultry source segment will occupy the largest share and generate huge revenue in the market during the prediction period. The growing demand for poultry-based meat products across the food industry along with an increasing number of quick-service restaurants globally are supporting the market growth.
Cultured Meat Market: By End-User
Based on the end-user, the market is divided into meatballs, nuggets, hot dogs, burgers, and sausage. The nuggets segment will be the dominating segment in the end-use sector. Changing lifestyles and growing consumption of junk food products are boosting the market growth. Chicken nuggets are widely preferred as they contain B-vitamins and a high amount of proteins. The rapid growth in retail food chains such as KFC, Burger King, McDonald's, and Subway among others is boosting the market. The easy availability of nuggets in the supermarkets, marts, convenience stores, and hypermarkets are also supporting the market growth.
Cultured Meat Market: By Region
Based on the region, the North American region holds the major chunk in the global market. The increasing food processing companies in the U.S and Canada are positively impacting the market growth. Increasing investments in alternative proteins, R&D activities, innovations in cultured meat, and health concerns are the key drivers boosting regional growth. The presence of prominent cultured meat producers such as Finless Foods Inc, Appleton Meats, Seafuture Sustainable Biotech, Kiran Meats, Balletic Foods, and Memphis Meats are supporting the regional growth.
Cultured Meat Market: Share & Competitor Analysis
Key players operating in the market include are Seafuture Sustainable Biotech, Memphis Meats, Cell Farm FOOD Tech/Granja Celular S.A., Meatable, Fork & Goode, Appleton Meats, MosaMeat, Cubiq Foods, Higher Steaks, Kiran Meats, Biofood Systems LTD, SuperMeat, Future Meat Technologies Ltd, Balletic Foods, Cubiq Foods, Just, Inc, Lab farm Foods, Avant Meats Company Limited, Integriculture, Wild Type, and Aleph Farms Ltd among others.
Please note: This is not an exhaustive list of companies profiled in the report.
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The Global Cultured Meat Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Cultured Meat Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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