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Artificial Meat Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR40184
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The artificial meat market share is expected to increase by USD 137.42 million from 2021 to 2025, and the market’s growth momentum will accelerate at a CAGR of 15.50%.

This artificial meat market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (beef, pork and lamb, and poultry) and geography (North America, Europe, APAC, MEA, and South America). The artificial meat market report also offers information on several market vendors, including Aleph Farms Ltd., Future Meat Technologies, Higher Steaks , IntegriCulture Inc., Meatable BV, Merck KGaA, Mission Barns, Mosa Meat BV, Simply Foods, and Upside Foods Inc. among others.

What will the Artificial Meat Market Size be in 2021?

Download the Free Report Sample to Unlock the Artificial Meat Market Size for 2021 and Other Important Statistics

 

Artificial Meat Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The growing prominence of cellular agriculture is notably driving the artificial meat market growth, although factors such as high cost associated with the production of cultured meat may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the artificial meat industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • The growing prominence of cellular agriculture is one of the significant factors driving the growth of the artificial meat market.
  • The existing livestock agriculture system is not capable of catering to the rising demand for meat and animal products.
  • The livestock agriculture system is unsustainable and hurts the environment. These factors have boosted the demand for cultured, clean, or cell-based meat obtained through cellular agriculture.
  • The production of meat through cellular agriculture is environment-friendly and sustainable.
  • Several vendors in the meat industry are increasingly adopting cellular agriculture for meat production.
  • Governments of various countries are undertaking several measures to promote the cellular agriculture process of meat production. 
  • Animal protein sources are rich in various essential nutrients, including vitamin B12, vitamin D, and DHA, which are required for the proper functioning of the body.
  • The consumption of animal proteins helps in minimizing the risk of heart attacks and strokes, reducing cholesterol levels, and increasing lean muscle mass.
  • The health benefits of consuming animal proteins will boost the demand for meat products, including artificial meat.
  • The change in dietary patterns of consumers in low and middle-income countries due to rapid urbanization and economic development is one of the other factors supporting the rising demand for animal proteins.

This artificial meat market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Artificial Meat Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Aleph Farms Ltd. 
  • Future Meat Technologies 
  • Higher Steaks 
  • IntegriCulture Inc.
  • Meatable BV
  • Merck KGaA
  • Mission Barns 
  • Mosa Meat BV
  • Simply Foods
  • Upside Foods Inc.

 

This statistical study of the artificial meat market encompasses successful business strategies deployed by the key vendors. The artificial meat market is fragmented and the vendors are deploying growth strategies such as promoting their product offerings through a clear and unique value proposition to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The artificial meat market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Artificial Meat Market?

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48% of the market’s growth will originate from North America during the forecast period. The US is a key market for artificial meat in North America. Market growth in this region will be faster than the growth of the market in APAC.

The growing awareness about the harmful effects of conventional meat production will facilitate the artificial meat market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Artificial Meat Market?

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The artificial meat market share growth by the beef segment will be significant during the forecast period. Cultured beef is produced by harvesting muscle cells from a living cow. These cells are nurtured in laboratories and multiplied into a large number of muscle tissues. The growing inclination of consumers toward sustainable food options is expected to drive the demand for cultured beef. Though cultured beef is not yet commercialized, the segment is witnessing significant investments. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the artificial meat market size and actionable market insights on post COVID-19 impact on each segment.

 

Artificial Meat Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 15.50%

Market growth 2021-2025

$ 137.42 million

Market structure

Fragmented

YoY growth (%)

15.69

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 48%

Key consumer countries

US, UK, Germany, China, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

Aleph Farms Ltd., Future Meat Technologies, Higher Steaks, IntegriCulture Inc., Meatable BV, Merck KGaA, Mission Barns, Mosa Meat BV, Simply Foods, and Upside Foods Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Factors Covered in this Artificial Meat Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive artificial meat market growth during the next five years
  • Precise estimation of the artificial meat market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the artificial meat industry across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of artificial meat market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Beef - Market size and forecast 2020-2025
    • Pork and lamb - Market size and forecast 2020-2025
    • Poultry - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • APAC - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Aleph Farms Ltd. 
    • Future Meat Technologies 
    • Higher Steaks 
    • IntegriCulture Inc.
    • Meatable BV
    • Merck KGaA
    • Mission Barns 
    • Mosa Meat BV
    • Simply Foods
    • Upside Foods Inc.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
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    The cultured meat market growth will increase by $137.42 million during 2020-2025.
    The cultured meat market is expected to grow at a CAGR of 15.50% during 2020-2025.
    Technavio has segmented the cultured meat market by product (Beef, Pork and lamb, and Poultry) and geographic (North America, Europe, APAC, MEA, and South America).
    Aleph Farms Ltd. , Future Meat Technologies , Higher Steaks , IntegriCulture Inc., Meatable BV, Merck KGaA, Mission Barns , Mosa Meat BV, Simply Foods, Upside Foods Inc. are a few of the key vendors in the cultured meat market.
    North America will register the highest growth rate of 47.80% among the other regions. Therefore, the cultured meat market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the cultured meat market growth are:
    • Growing prominence of cellular agriculture
    The cultured meat market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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