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Cultured Meat Market Industry Trends, Revenue, Key Players, Growth, Share and Forecast Till 2027 | Mosa Meat, Integriculture Inc, Aleph Farms, Finless Foods, etc

cultured meat market industry trends revenue key players growth share and forecast till 2027 mosa meat integriculture inc aleph farms finless foods etc

Cultured Meat Market

iCrowdNewswire   Feb 2, 2021  3:00 AM ET

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According to the current analysis of Reports and Data, the global Cultured Meat market is estimated to be valued at USD 15.29 Million by year 2021, and reach a value of USD 19.0 Million by year 2026, at an estimated CAGR of 4.4%. With the increase in global demand for meat, there is also a strong lookout for meat substitutes and alternative sources of protein. This can be associated with environment sustainability concerns coupled with rising focus on animal welfare and benefits offered by cultured meat. Advancements in cellular agriculture is also pushing the growth of synthetic meat forward. Europe is projected to grow significantly at a CAGR of 4.6% in the forecast period.

The latest report is one of the most sought-after market research documents covering the grave impact of the COVID-19 outbreak current situation on the Cultured Meat market. The market intelligence report closely investigates the severe disruptions to this business sphere brought about by the pandemic. The coronavirus outbreak has significantly affected the Cultured Meat business landscape, posing threats to the developmental scope of the key manufacturers and buyers involved in this sector. The report further provides expert speculations about the post-COVID-19 scenario of the market.

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The rise in demand for automobiles is expected to drive the market in the coming years. A significant challenge in the market’s growth is affected by the unstable price of the raw materials. Market demand is expected to be restrained by the rising demand for plastic-free products. Rising applications of Cultured Meat in the coatings and paints are driving the market. The increasing usage of bio-based Cultured Meat will also supplement Cultured Meat market revenue share through 2027

Further key findings from the report suggest-

Synthetic poultry is the major driving factor behind the growth of the market. It has the most convenient in vitro production mechanism in comparison to its other source counterparts. This is due to its simplified cell structure that is easier to replicate in unnatural mediums.

Unmatched texture of cultured meat to the original is likely to pose as a challenge for the market. This factor will be crucial in shaping the consumer acceptance for cultured meat. Political affiliations are also expected to affect these acceptance levels.

Social and environmental sentiments are expected to be strong factors that will gradually increase the consumer acceptance for synthetic meat products, once they are offered in the market.

Artificial production of growth hormones can tackle the challenge of cost burden that restricts the growth of cellular agriculture. Using natural means for growth cost the companies extensively and such expensive products will fail in market penetration.

Burgers are expected to become a key revenue generating application for the industry, and they are expected to outgrow the demand for conventional burgers. Thus, plant-based meat will face tough competition from laboratory-produced burgers in the future.

Competitive Terrain:

The global Cultured Meat market has a consolidated presence of a large number of companies that have been performing consistently to achieve optimum market growth. The report comprehensively discusses these companies’ current market standing, past performances, demand & supply graphs, sales network, production & consumption patterns, and distribution channels. The report thus points out the effective business approaches undertaken by these market players to build on their market footprint.

The leading companies operating across the global Cultured Meat market are listed below:

Mosa Meat, Integriculture Inc., Aleph Farms, Finless Foods, Memphis Meats, Modern Meadow, Wild Earth Inc., Supermeat, and Future Meat Technologies, among others.

Source (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2026)

Poultry

Pork

Beef

Duck

Seafood

Turkey

Application (Revenue, USD Million; 2016–2026)

Nuggets

Burgers

Meatballs

Sausages

Hot Dogs

Others

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Key Takeaways from the Global Cultured Meat Market report:

The global Cultured Meat market report entails a broad product segmentation.

It methodically evaluates the overall product expanse of this business space.

The report covers pivotal information about the accrued market share of each product type, their profit estimations, and production growth graph.

The report provides the reader with a generic summary of the application gamut of the global Cultured Meat market.

The report further details the market share and product demand for each application segment.

The study estimates the growth rate of each application segment over the projected timeframe.

Moreover, the report offers crucial information on the different parameters boosting the global market expansion, such as raw material production and market concentration rates.

Table Of Contents:

Chapter 1. Market Synopsis

Chapter 2. Executive Summary

Chapter 3. Indicative Metrics

Chapter 4. Cultured Meat Market Segmentation & Impact Analysis

Chapter 5. Cultured Meat Market By Source Insights & Trends

Chapter 6. Cultured Meat Market, By End Use Insights & Trend

Chapter 7. Cultured Meat Market Regional Outlook

Chapter 8. Competitive Landscape

Chapter 9. Company Profiles

9.1. Mosa Meat

9.2. Integriculture Inc.

9.3. Aleph Farms

9.4. Finless Foods

9.5. Memphis Meats

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