DUBLIN--(BUSINESS WIRE)--The "Cultured Meat Market by Source (Poultry, Pork, Beef, Duck), End Use (Nuggets, Burgers, Meatballs, Sausages, Hot Dogs), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The cultured meat market is projected to reach USD 15.5 million by 2021 and USD 20.0 million by 2027, at a CAGR of 4.0%.
The global cultured meat market study covers three scenarios, namely, optimistic, normal, and pessimistic, considering that the market sizing is futuristic. The market is expected to be primarily driven by factors such as increasing meat consumption and continuous growth & innovation in alternative protein sources to meet current and future protein demand.
Another growth factor is expected to be the increasing concerns about food safety and health, rising preference for antibiotic-free meat, and growing concerns over animal welfare. However, the high capital investment required to produce cultured meat and stringent regulatory hurdles are factors expected to restrict the growth of the cultured meat market in the long run. Cell culture sourced from different animals requires different study approaches to develop the meat, resulting in a high cost. The high price of cultured meat stands as one of the major limitations for the growth of the cultured meat market.
Based on the source cell culture for cultured meat, the poultry meat segment is projected to grow at the highest rate. The presence of a number of developers and manufacturers working on poultry product development, easy availability of poultry meat, high consumption of poultry meat products, and preference for chicken and chicken products over red meat are some of the factors expected to drive the growth of the cultured meat sourced from poultry meat.
The focus of consumers on preventive healthcare and nutrition value is also one of the factors driving the increasing demand for cultured meat, due to the fat content and a similar taste profile. These factors are expected to support the demand for poultry-sourced cultured meat.
The key players profiled in this report are as follows:
- Mosameat (Netherlands)
- Memphis Meats (US)
- SuperMeat (Israel)
- Just, Inc. (US)
- Integriculture Inc. (Japan)
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Cultured Meat Market, By Source
7 Cultured Meat Market, By End Use
8 Patent Analysis
9 Cultured Meat Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/b4qb99/cultured_meat?w=4