PUBLISHER: Value Market Research | PRODUCT CODE: 1578277
PUBLISHER: Value Market Research | PRODUCT CODE: 1578277
The global demand for Artificial Meat Market is presumed to reach the market size of nearly USD 630.25 Billion by 2032 from USD 160.17 Billion in 2023 with a CAGR of 16.44% under the study period 2024-2032.
Artificial meat is the concept of manufacturing meat through tissue engineering or bioengineering technology without using an actual animal. It is manufactured by genetically altering proteins and tissues. Artificial meat is alternatively referred to as In vitro meat, cultured meat, synthetic meat, laboratory-grown meat, factory-grown meat, or test tube meat. Artificial meat offers many benefits over conventional meat, like fewer slaughtered animals, less land and water usage, greater accessibility, value-added nutrition, and others.
The global artificial meat market is projected to grow at a tremendous rate in the coming years. The market is at its nascent stage. The key factors influencing demand for artificial meat are increasing human population and urbanization, growing vegans' people, and increasing R&D. Artificial meat is gaining robust support among vegan lovers and animal-rights activists. Meat consumption is forecasted to double by 2050, and conventional meat alone would not be capable of meeting this future demand. Factors like limited land resources and the negative perception of animal slaughter boost scientists to develop innovative techniques to produce meat without rearing animals. The global artificial meat market consists of many startups, with many sponsored by big names in the food industry. However, artificial meat is expensive to produce, doesn't taste appealing to everyone, and may have an environmental impact higher than that of livestock, impeding the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Artificial Meat. The growth and trends of Artificial Meat industry provide a holistic approach to this study.
This section of the Artificial Meat market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Artificial Meat market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Artificial Meat market include Memphis Meats, MosaMeat, SuperMeat, Just Inc, Integriculture, Aleph Farms Ltd, Finless Foods Inc., Avant Meats Company Limited, Balletic Foods, Future Meat Technologies Ltd, Appleton Meats, Higher Steaks, Biofood Systems Ltd, Fork & Goode, Meatable, Mission Barns, Bluenalu Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.