Cultured
Meat Market to generate $1.64 million by 2021, and is expected to
reach $2.78 billion by 2030, witnessing a CAGR of 95.8% from 2022 to 2030.
Upsurge in demand for alternative protein product and allergen
free food and rise in concerns regarding animal welfare and environmental
issues drive the growth of the global cultured meat market. However, high cost
of productions and availability of healthier substitutes hinder the market
growth. On the other hand, rise in supply-demand gap of conventional meat, rise
in purchasing power, and changes in lifestyle and food habits present new opportunities
in the next few years.
Get
Detailed Covid 19 Impact on Cultured Meat Market @ https://www.alliedmarketresearch.com/request-for-customization/7035?reqfor=covid
Covid-19
Scenario
- Growth in health concerns during the pandemic
led to augmented demand for healthy food including cultured meat and
related products.
- Also, the disrupted supply chain during the
initial phase of the lockdown has immensely impacted the market in terms
of sales.
- Nevertheless, the restrictions are getting
lifted by the government bodies in various regions, which in turn would
lead the market to recoup soon.
On the basis of distribution type, the red meat segment is
expected to contribute to the highest market share, accounting for 91% of the
global cultured meat market by 2021, and will maintain its lead position during
the forecast period. This is due to popularity of the conventional red meat
among the people and enormous benefits are associated with red meat
consumption. However, the sea food segment is expected to witness the highest
CAGR of 125.1% from 2022 to 2030. This is attributed to Increase in awareness
regarding the benefits of seafood and change in dietary preferences of
consumers.
On the basis
of distribution on end-user, the food service
segment is expected to hold the highest share in 2021, contributing to 93% of
the global cultured meat market, and is projected to maintain its highest
contribution during the forecast period. This is attributed to increase in
consumption of fast food and ready-to-eat food products. However, the household
segment is expected to portray the fastest CAGR of 124.5% during the forecast
period, owing to rise in disposable income, increase in awareness regarding the
benefits of cultured meat, and upsurge in expenditure on premium food products.
On the basis of distribution on region, Asia-Pacific, followed
by North America, accounted for the largest market share in terms of revenue in
2021, holding more than three-fifths of the global cultured meat market, and
will maintain its leadership status by 2030. This is attributed to inclination
of consumers toward animal well-being and against the slaughtering in countries
such as China and Japan fosters the growth of the cultured meat market in the
region. In addition, increase in health & fitness consciousness and recent
innovative product launch by Eat Just further drives the growth in this
province. However, Europe is expected to grow at the highest CAGR of 106.1%
from 2022 to 2030, owing to growing concern about the animal welfare and demand
for alternative protein.
The global Cultured
Meat market report includes an in-depth analysis of the
prime market players such as Aleph Farms Ltd, Cubiq Foods S.L., Future Meat
Technologies, Meatable B.V, Mission Barns , Memphis Meats , Mosa Meat BV,
Redefine Meat, Vow Group Pty Ltd.
Download Sample Copy Of this Report@ https://www.alliedmarketresearch.com/request-sample/7035
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
No comments:
Post a Comment