A recent report published by Infinium Global Research on cultured meat market provides in-depth analysis of segments and sub-segments in the global as well as a regional cultured meat market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional cultured meat market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the al cultured meat market. According to the report, the global cultured meat market is projected to grow at a CAGR of 3.8% over the forecast period of 2019-2025.
The continuously growing demand of the meat-based product and simultaneously depleting resources to support the animal rearing in such a large scale as land, water is helping to grow the demand for cultured meat products around the world. As per the Food and Agriculture Organization of the United Nation forecast, the demand for the meat-based product by 2050 is expected to grow up to 70% higher than the present level. But, the limited resource to support livestock farming is forcing to search for another alternative to produce meat and feed the human population. Further, the cultured meat consumes fewer resources as compared to the meat derived from the animal sources, such as cultured meat cultivation uses 99% less land and 96% less water, which helps to protect the scare resources of the land.
The growing awareness among the consumers about the environment and focus to adopt the environment-friendly lifestyle, which does not use many resources is helping to grow the demand for meat alternative products among the consumers. However, lack of awareness among the consumers and high production cost of the cultured meat as compared to the normal meat derived from the animals is restricting the growth of the market. The growing awareness about the health benefits among the consumers is expected to grow the demand for cultured meat products around the world.
Geographically, the cultured meat market is segmented into four regions namely, North America, Europe, the Asia-Pacific, and RoW. The North America market is the largest market for cultured meat products, owing to the presence of several companies, who are engaged in the development of cultured meat products. Additionally, the presence of a large number of aware consumers in this region is helping to grow the demand for the different type of food products based on cultured meat. Europe is the second-largest market of the cultured meat, after North America. The Asia-Pacific market is expected to grow at the highest CAGR during the forecast period, owing to the growing awareness among young and middle-class consumers in this region.
The report on global cultured meat market covers segments such as source, and end use. On the basis of source, the sub-markets include poultry, pork, beef, and duck. On the basis of end use, the sub-markets include nuggets, burgers, meatballs, sausages, hot dogs, and other end uses.
The report provides profiles of the companies in the market such as IntegriCulture Inc., JUST, Inc., SuperMeat, Memphis Meats, Mosa Meat, and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of cultured meat market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.