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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.
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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.
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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.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
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.
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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.
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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 |
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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 |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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