Press release
Global Artificial Meat Products Market Latest Innovations, Drivers and Industry Status 2023 to 2030
The Artificial Meat Products Market is Expected to Grow at a Significant Growth Rate, and the Forecast Period is 2023-2030, Considering the Base Year as 2022.The Analysis Period 2023-2030
Artificial meat, also known as cultured meat or in vitro meat, is a type of meat that is produced by growing animal cells in a laboratory setting, rather than from slaughtered animals. This innovative approach to meat production falls under the umbrella of cellular farming, utilizing techniques commonly used in tissue engineering and regenerative medicine. The development and use of artificial meat offer various advantages over conventional meat, encompassing health, environmental, cultural, and economic aspects.
Top Key Players Covered in The Artificial Meat Products Market
Memphis Meats (US),MosaMeat (Netherlands),SuperMeat (Israel),Just Inc (US),Integriculture (Japan),Aleph Farms Ltd (Israel),Finless Foods Inc. (US),Avant Meats Company Limited (China),Balletic Foods (US),Future Meat Technologies Ltd (Israel),Appleton Meats (Canada),Higher Steaks (UK),Biofood Systems LTD (Israel),Fork & Goode (US),Meatable (Netherlands), and Other Major Players.
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Market Dynamics:
Driver:
Companies involved in the production of cultured meatballs are persistently working towards cost reduction, aiming to offer their products at prices lower than conventionally produced meat. At the same time, they strive to maintain the clean, environmentally friendly, and ethically appealing qualities of their cultured meat products. These efforts are to contributes to the growth of the cultured meat market. One of the notable advantages of cultured meat products is their ability to be customized for specific health and nutrition outcomes.
Opportunities:
The global demand for beef continues to rise steadily without any indications of slowing down. Over the past twenty years, there has been a twofold increase in global meat consumption, and it is projected that the demand for beef protein will grow by 13% by the end of the decade. As the demand for beef increases, it puts a significant strain on the existing supply chain to meet this demand. However, there is now a growing recognition of the need to explore alternatives to traditional meat. Cultivated beef presents itself as a viable source of protein that can help alleviate the strain on conventional supply chains. Moreover, the production of cultivated beef requires considerably fewer natural resources compared to traditional methods of meat production.
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Segmentation Analysis of Artificial Meat Products Market:
By Type
• Nuggets
• Burgers
• Meatballs
• Sausages
• Hot Dogs
By Source
• Poultry
• Beef
• Seafood
• Pork
• Duck
By End Users
• Household
• Food Services
Regional Analysis of the Artificial Meat Products Market
North America is Expected to Dominate the Market Over the Forecast period. In North America increase in innovations and advances and high spending on effective R&D is anticipated to account for the majority of its growth. Consumers' move from conventional meat to cultured meat products is driven mainly by health concerns regarding the consumption of meat products, growth in investor interest in alternative proteins, and the ability of custom-made proteins to supply the necessary nutrition.
By Region
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
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Read Related Reports:
https://introspectivemarketresearch.com/reports/protein-artificial-meat-market/
https://introspectivemarketresearch.com/reports/raw-meat-speciation-testing-market/
https://introspectivemarketresearch.com/reports/clean-meat-market/
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