Artificial Meat Market Overviews
The Artificial Meat Market size was valued at US$ 4.38 Bn in 2023. The Global Artificial Meat Market is estimated to grow at a CAGR of 4.3% over the forecast period.
Artificial meat, also known as cultured meat or cell-based meat, is made from a small sample of animal tissue that is cultivated in a nutrient-rich environment to mimic the nutritional profile of traditional meat. Artificial meat is made from animal cells cultured in vitro rather than from murdered animals. It is classified as a type of cellular agriculture. Many of the same tissue engineering techniques used in regenerative medicine are employed to create artificial meat. Artificial Meat Market report is come up with the PESTLE analysis, PORTER's five force analysis and segment analysis on the basis of source, application and region.
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Artificial Meat Market Scope and Methodology:
Because of the scale of its ethical, human health, and environmental implications, the meat business has come under increased criticism in recent years. The aforementioned problems, together with projections that demand for protein products would continue to rise over the forecast period, indicate a pressing need for more nutritional, animal welfare-conscious, and sustainable protein product approaches. However, the demand for nutritious meat remains constant as one of the most nutritious meats that can consume is liver, particularly the beef liver. It's high in high-quality protein, as well as it also contains vitamins A, B12, and B6, iron, zinc, and vital amino acids.
Artificial Meat Market Regional Insights
The North American region dominated the market with a 35.2% share in 2023. Due to the meat-eating population and increased investments and research on product growth, the fake meat market in North America is expected to have strong demand throughout the forecast period. Furthermore, the global presence of cultured meat producers is likely to provide good change & development opportunities in the region. There is moderate industrial competition, with a small number of meat substitute producers. During the forecast period, however, increased industry rivalry is expected to be bolstered by new entrants, diversified customer preferences, and rising demand. The sector is currently characterised by research and development initiatives to create superior products while adhering to food regulations.
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Artificial Meat Market Segmentation
By Source, the market is segmented as Poultry, Pork, Beef, Duck, and Others. The Poultry segment dominated the market with a 36.1% share in 2023. Because of the growing number of manufacturers in the artificial meat market, the cost-effectiveness of cultured chicken products compared to other sources, the accessible supply of protein, low-fat content, and minimal religious constraints, the poultry segment is expected to increase significantly. Rapid urbanisation, combined with the expanding popularity of poultry products in fast-food restaurants, has prompted producers to develop novel alternative items to suit rising customer demand. Due to this factor, this segment is witnessing rapid growth.
Artificial Meat Market Key Players
Appleton Meats (Canada)
Fork & Goode (New York)
Biofood Systems LTD (Israel)
Mission Barns (California)
BlueNalu, Inc. (California)
Mutable (U.S)
Seafuture Sustainable Biotech (Canada)
Shiok Meats (Singapore)
Key questions answered in the Artificial Meat Market are:
- What is Artificial Meat ?
- What was the Artificial Meat market size in 2023?
- What is the growth rate of the Artificial Meat Market?
- Which are the factors expected to drive the Artificial Meat market growth?
- What are the different segments of the Artificial Meat Market?
- What growth strategies are the players considering to increase their presence in Artificial Meat ?
- What are the upcoming industry applications and trends for the Artificial Meat Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Artificial Meat Market?
- Who are the leading companies and what are their portfolios in Artificial Meat Market?
- What segments are covered in the Artificial Meat Market?
- Who are the key players in the Artificial Meat market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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