Cultivated meat, also known as cultured meat or Lab-grown meat, is real animal flesh (including fish and organ meats) created directly from animal cells. This kind of manufacturing eliminates the need to raise and farm animals for sustenance.
Cultivated Meat Market size was valued at US$ 6.77 Bn. in 2021 and the total Cultivated Meat revenue is expected to grow at 16.47 % from 2022 to 2029, reaching nearly US$ 22.92 Bn.
Cultivated Meat Market overview:
The Cultivated Meat market's competitive landscape comprises information about rivals. A firm overview, financials, revenue produced, market potential, R&D investment, new market efforts, geographical presence, business strengths and weaknesses, product launch, and application domination are among the topics covered. The following information is only relevant to the organization's focus on the Cultivated Meat market.
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Cultivated Meat Market scope:
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). To create percentage splits, market shares, and segment breakdowns, weights based on usage rate and average sale price are applied to each location. The percentage acceptance or usage of the given market Size in the relevant area or nation determines the country-wise segmentation of the main market and its sub-segments.
Segmentation:
By Source, The poultry segment is expected to dominate the global cultivated meat market during the forecast period due to the rising popularity of poultry products in different quick-service restaurants i.e. QSRs, which has spurred producers to develop new alternative goods to satisfy potential meet customers' requirements.
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Key Players: Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers' annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data. The following are the key players of the Cultivated Meat market-
- 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)
Regional Analysis:
Individual market influencing components and changes in market rules that affect current and future market trends are also investigated in the geographical component of the research. Some of the factors used to forecast market scenarios for various countries include downstream and upstream value chain analysis, technological trends, Porter's five forces analysis, and case studies.
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COVID-19 Impact Analysis on Cultivated Meat Market: Furthermore, the research assesses the impact of COVID-19 on the Cultivated Meat market. The fundamental purpose of this research is to help users understand the market in terms of definition, segmentation, market potential, key trends, and difficulties that the industry confronts across major regions. The paper provides a microeconomic and macroeconomic analysis of the overall impact of COVID-19 on the Cultivated Meat Market. The report focuses on market share and size, clearly demonstrating the pandemic's influence on the worldwide Cultivated Meat Market in the next years.
Key Questions Answered in the Cultivated Meat Market Report are:
- What will be the Cultivated Meat market's CAGR throughout the projected period (2021-2027)?
- Which market category emerged as the market leader in the Cultivated Meat industry?
- Who are the key players in the Cultivated Meat market?
- What important trends in the Cultivated Meat industry are anticipated to develop throughout the forecast period?
- How big will the Cultivated Meat market be in 2027?
- In 2020, which business segment had the highest proportion of the Cultivated Meat market?
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