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For our ancestors who didn’t have the benefit of a world map...

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For our ancestors who didn’t have the benefit of a world map...

Rizom - April,2018
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For our ancestors who didn’t have the benefit of a world map...

Rizom - April,2018
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For our ancestors who didn’t have the benefit of a world map...

Rizom - April,2018
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Supriya Bhangale 2019-07-10 02:00
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Cultured Meat Market Industry Overview, Share, Size, Trends, & Forecast to 2027

The cultured meat market study covers three scenarios, namely, optimistic, normal, and pessimistic, considering that the market sizing is futuristic. For the normal scenario, the global cultured meat market is projected to reach USD 15.5 Million by 2021 and by 2027, at a CAGR of 4.0%. The market is primarily driven by factors such as growing meat consumption, increasing interest of manufacturers in producing alternative protein, and growing number of investors including major food industry giants such as Cargill and Tyson Foods investing in cellular agriculture-based technology.


Objectives of the study are as follows:

  1. To define, segment, and project the global cultured meat market size with respect to source, end use, and key regions
  2. To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunity and industry-specific challenges)
  3. To analyze the opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  4. To project the size of the market and its submarkets, in terms of value and volume, with respect to the regions (along with the key countries)
  5. To strategically profile the key players and comprehensively analyze their market position and core competencies

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=204524444

The poultry segment is expected to account for the largest share of the cultured meat market in 2021

The poultry segment is expected to account for the largest share of the cultured meat market in 2021. Factors such as the low price of poultry meat as compared to other meats, increased demand for protein-rich food, and the expansion of poultry-based quick service restaurants (QSRs), especially in the Middle East region are some of the factors expected to boost the demand for the poultry segment in the cultured meat market.

Nuggets segment under end use is projected to grow at the highest rate in the cultured meat market during the forecast period.

One of the driving factors for the increasing use of cultured meat in making nuggets is the high demand for nuggets in major regions such as North America and Europe. This segment is expected to lead to the subsequent adoption of cultured meat in other meat-based snacks such as burgers and sausages, leading to the growth of the cultured meat market. The market size of the nuggets segment is also estimated to be the largest, among other end uses, and presents cultured meat with opportunities for growth into multiple end uses.

Speak to Analyst:  https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=204524444

Middle East & Africa market is projected to grow at the highest CAGR during the forecast period

In 2021, North America is expected to account for the largest share of the cultured meat market. Factors such as high spending on advanced R&D facilities necessary for cultured meat development, the growing trend of consumption of meat substitutes and alternative proteins, and the presence of players such as JUST, Inc. and Memphis Meat are expected to boost the demand for cultured meat in the region.

The market in the Middle East & Africa is projected to grow at the highest CAGR during the forecast period. Recent developments in this region by major companies highlight the growth prospect of the meat industry.

This report includes profiles of leading companies such as MosaMeat (Netherlands), Memphis Meats (US), SuperMeat (Israel), Just, Inc. (US), and Integriculture Inc. (Japan).

 



Source URL : https://www.marketsandmarkets.com/Market-Reports/cultured-meat-market-204524444.html

written by

written by

Supriya Bhangale

 

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