(Food-Beverage-News.Com, January 08, 2019 ) The global cultured meat market study covers three scenarios, namely, optimistic, normal, and pessimistic, considering that market sizing is futuristic. The global cultured meat market for the normal scenario is expected to be valued at USD 15.5 Million in 2021 and is projected to grow at a CAGR of 4.0%, to reach USD 20.0 Million by 2027. The forecast period considered for study is from 2022 to 2027.
Cultured meat is also expected to be used in making sausages, burgers, meatballs, and hot dogs. The major restraining factor for the cultured meat market is the high investment cost. There are restrictive regulations on genetically modified food products, which can also negatively impact the growth of cultured meat which is grown in labs from cell culture. These factors are expected to restrict the growth of the cultured meat market in the long run.
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in the Cultured Meat Market (Normal Scenario) 4.2 Cultured Meat Market, By Region (Normal Scenario) 4.3 Europe: Cultured Meat Market, By Source & Country (Normal Scenario) 4.4 Cultured Meat Market, By End Use & Region (Normal Scenario) 4.5 Cultured Meat Market Share: Key Countries (Normal Scenario)
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Increasing Demand for Alternative Protein 5.2.1.2 Technological Advancements in Cellular Agriculture 5.2.1.3 Enhanced Food Safety 5.2.1.4 Investment By Key Industry Giants 5.2.1.5 Environmental Sustainability 5.2.1.6 Focus on Animal Welfare 5.2.2 Restraints 5.2.2.1 Stringent Regulatory Environment 5.2.2.2 High Set Up Cost 5.2.3 Opportunity 5.2.3.1 High Per Capita Meat Consumption and Imports in Emerging Southeast Asian Economies 5.2.4 Challenges 5.2.4.1 Skepticism Among Consumers 5.2.4.2 Increased Demand for Plant-Based Protein
North American region is projected to account for the largest share in the global cultured meat market in 2022. A large meat eating population, growing investment and research on cultured meat, and the presence of cultured meat manufacturers is expected to provide promising prospects for growth and diversification in the region’s cultured meat market.
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, in 2022. 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.
The Middle East & Africa region is expected to grow at the highest CAGR during the forecast period. Israel is expected to be a key country to look out for as it has seen a significant amount of R&D in the cultured meat space.
Connect for More Details for Discount and More Information “Cultured Meat Market by Source (Poultry, Pork, Beef, Duck), End Use (Nuggets, Burgers, Meatballs, Sausages, Hot Dogs), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) - Global Forecast to 2027” report @ http://www.reportsnreports.com/contacts/discount.aspx?name=1493564 .
North America is projected to dominate the cultured meat market in 2021 and projected to grow at a steady rate over the next six years in term of revenue. The region is characterized by the significant amount of investment made and research conducted for the development of cultured meat. Factors such as growth in meat consumption, meat-based snacks, environmental sustainability, and awareness about the benefits of cultured meat over farmed meat in North America are expected to support the demand for cultured meat in the region.
