The Artificial Meat or Cultured Meat is meat produced by in vitro cultivation of animal cells. The Artificial Meat or Cultured Meat is a type of meat, which is grown in the cell culture rather than in the animal’s body. Lab-grown meat or cultured meat, or in vitro meat, or synthetic meat, is made by growing muscle cells in a nutrient serum and encouraging them into muscle-like fibers. Besides cultured meat, the terms slaughter-free meat, in vitro meat, vat-grown, lab-grown meat, cell-based meat, clean meat, cultivated meat, and synthetic meat have all been used by various outlets to describe the product. The artificial stem cells made from animal stem cells, researchers feed the stem cells with sugar, amino acids, oils, minerals, and a variety of nutrients to keep them growing.
The Artificial Meat or Cultured Meat or Lab-grown meat with characteristics from a combination of animals, or enhance lab-grown meat with healthier fats, vitamins or vaccines. In 2013, the world’s first lab-grown burger was cooked and eaten at a news conference in London. The artificial meat market divided into plant meat and cultured meat according to the manufacturing process and production technology. The former based on raw materials such as plant protein and artificially synthesizes meat analogs, and the latter made using animal stem cells out of artificial meat.
Global Artificial Meat Market is estimated to grow with a significant CAGR during the projected period, 2019-2027. With the rising demand for alternative protein sources, a surge in focus on animal welfare, and the growing demand for environmental sustainability are vital factors expected to propel the global artificial meat market. Additionally, with the strengthening of consumers’ health and environmental awareness, and the maturity of biotechnology is expected to bolster the global artificial meat market during the forecast period. Moreover, the growing consumption of meat products along with increasing demand for nutritious meat is likely to augment the growth of the global cultured meat.
Furthermore, the increasing consumer inclination towards animal welfare and innovations in cellular agriculture are positively stimulating the growth of artificial meat or the lab-grown meat market in the upcoming periods. Additionally, consumers continue to focus on plant-based diets and protein alternatives, and dairy alternatives are beginning to gain more attention from investors and consumers. Urbanization, population growth, and the rise of the middle-income class have all led to increased meat consumption, which is increasing demand for the alternative protein diet such as artificial meat or cultured meat.
The developing world’s population, coupled with rising demand for meat products, would be expected to drive the global artificial meat market. However, with the improvement of living standards, the increase of people’s awareness of health and environmental protection, and the rise of the global vegetarian style, more and more people will begin to accept artificial meat as a new type of healthy food. The artificial meat market has also ushered in more competitors, including some established food companies. A new food revolution is gaining momentum.
Population growth led to increased meat consumption. According to United Nations data, in 2016, about 55% of the world’s urban population was expected to grow to 60% by 2030. At the same time, the world’s population expected to soar to 9.6 billion by 2050, resulting in a 61% increase in food production.
Animal husbandry is a significant source of greenhouse gas emissions. Besides, reducing livestock can release global arable land, reduce soil erosion, and reduce world water supply pressure. Consumers are looking for healthier alternatives to meat. As the global obesity rate rises, consumer interest in alternative meat products is increasing, driving demand for artificial proteins. Artificial meat reduces contamination and eliminates antibiotics during meat production, which has a positive impact on the health issues facing the food production value chain.
Based on Product Type, the global Artificial Meat Market categorized into Sausages, Beef, Chicken, Fish, and Others (Snacks, Pork, Seafood, and Duck, etc.). The Chicken segment anticipated to lead the market on account of the rising demand for the rapidly growing urban population in developing countries. Additionally, the cost-effectiveness for low-income families in developing countries and accessible source of protein with low-fat content will influence the artificial meat market.
Based on the distribution channel, the Global Artificial Meat Market classified into Retail Outlets, Wholesalers, Online Stores, and Supermarkets/Hypermarkets. The Online Stores segment projected to exhibit the highest market due to the rise in income levels of consumers and the growing online shopping industry across the globe. The retail outlets will grow by the developing economies in developing countries and the shifting of consumers from conventional meat to cultured meat products.
Based on End-User, the Global Artificial Meat Market segregated into Restaurants, Households, and Others (Hotels, Canteens, etc.). The Household segment will dominate the market due to the improvement of living standards, the increase in people’s awareness of health and environmental protection, and the rise of the global vegetarian style. The restaurant segment will trigger by urbanization, rising population, and the growth in consumer’s income levels.
Based on geography, the global Artificial Meat market segmented into North America, Europe, Asia Pacific, and Middle East & Africa. North America witnessed to gain maximum share in the market owing to the sizeable meat-eating population and growing investment in meat production industries. The Asia Pacific market will be drive-by urbanization, population growth, and the rise of the middle-income class, which has led to increased meat consumption.
Companies such as MosaMeat, Just, Inc, SuperMeat, Aleph Farms Ltd, Finless Foods Inc, Integriculture, Balletic Foods, Future Meat Technologies Ltd, Avant Meats Company Limited, Higher Steaks, Appleton Meats, Fork & Goode, Biofood Systems LTD, Mission Barns, BlueNalu, Inc., Meatable, and Seafuture Sustainable Biotech are the key players in the Global Artificial MeatMarket.
Market modelling starts with identifying a target market where historical data exists A Market can include prediction problems, economic factors, analysing of customer behaviour and identifying new patterns from past events, which helps our client to a have deep dive into the market.
Product analysis involves steps such as examining product features, costs, availability, quality and other aspects Product analysis is conducted to understand potential buyers and measure competition in the market.
This analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have major effect on the target market.
Segmental analysis defines in depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
Geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs, wants, and cultural characteristics that can be specifically targeted.