Cultured Meat referred to as 'clean meat' or 'slaughter-free meat' is gaining propulsion as start-ups continue to discover their latest lab-grown wares. Cultured meat, also called law-grown meat and it is cultivated by in vitro cell culture instead of slaughtering animals, in a controlled medium. It reproduces the aroma, taste, and texture of farmed meat. In the process of culturing, farm animals' cells are converted into a controlled medium, which contains nutrients and growth factors needed for the growth and transformation of stem cells into mature muscle cells within the bioreactor. Furthermore, to develop cultured meat, animal stem cells are carried from which produce muscle cells. On an industrial level, bioreactors, similar to brewery tanks, will be utilized to scale up the process from its laboratory basics. But why is meat production in this way even advisable? Cultured meat is anticipated to develop fewer greenhouse gas emissions because it will cut animal methane emissions. It notably overcomes the requirement for antibiotics owing to being grown in sterile conditions. Moreover, the slaughter-free production of meat through cell cultures can raise animal welfare significantly. Extreme depletion in land and water use are also anticipated. Nevertheless, all of these significances have not yet materialized and it is undetermined to which degree they will.
The Global Cultured Meat market is driven by the unceasingly increasing adoption of digital currency. additionally, a booming economy and growing income among the middle-income teams in developing countries propel the expansion of the market. However, security threats, yet as government laws in a number of countries, limit the expansion of this market. what is more, rising awareness concerning the advantages of bitcoin technology and its increasing adoption by most of the web merchants and startup firms is making various opportunities for the market.
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Industry Major Market Players:
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),Mission Barns (US),Bluenalu,Inc. (US),New Age Meats (US),Shiok Meats (Singapore),Seafuture Sustainable Biotech (Canada),Wild Type (US),Lab farm Foods (US),Cubiq Foods (Spain),Kiran Meats (US),and Cell Farm FOOD Tech/Granja Celular S.A (Argentina)
COVID-19 Impact on Cultured Meat Market:
The food and beverage industry are strongly hit by the global pandemic of COVID-19 disease which is expected to affect the sales of major food and beverage products. Cultured meat is one of the emerging markets in the food and beverages industry and majorly produced through microbiological process. The manufacturing and research and development work has been stopped due to disease which further can affect the production of cultured meat. Moreover, consumer’s food demand and lifestyle could have a major impact after the end of the coronavirus disease outbreak, which, afterwards a considerable factor for the demand for cultured meat. Thus, cultured meat market would have a moderate to high impact due to COVID-19 disease pandemic.
Regional Segmentation of Cultured Meat Market:
- North America
- Asia Pacific
- Europe
- Middle East & Africa
- Latin America
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In market segmentation by Source, the Cultured Meat Market report covers:
Poultry, Beef, Seafood, Pork, Duck
In market segmentation by End Use, the Cultured Meat Market report covers:
Nuggets, Burgers, Meatballs, Sausage, Hot dogs, Others
Cultured meat, also known as in vitro meat, is a subtype of artificial meat and is produced by tissue engineering technology and cellular agriculture. Humans have been dependent on meat to meet their nutritional requirements, as meat serves as an ideal source of omega-3 fatty acids, vitamin B12, protein, and iron. The in vitro meat is grown in the laboratory by harvesting muscle cells from animal in the culture media for growth and proliferation.
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Global Cultured Meat Market Report contains market data from 2021 to 2027, which provides an overview of the market covering key drivers and risk factors. The report is segmented by top global manufacturers that mention sales, revenue and applicable prices. It also evaluates the competitive scenarios of key players. The report is expanded to include regional market data along with types and applications. This report forecasts sales and revenue from 2021 to 2027. Detailed sales channels are also covered in the study.
Frequently Asked Questions:
1. At what growth rate would the Cultured Meat market expand?
2. Who are the prominent players of the Global Cultured Meat market?
3. What are the top priorities to focus for Cultured Meat market’s growth?
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