Cultured Beef Market is expected to rise at annual rate 5.5% in the forecast period of 2021 to 2028 and is expected to reach USD 0.82 billion by 2028 due to the increasing consumption of meat products.
On the other hand, growing cost associated with the setup and strict regulatory environment are expected to obstruct the market growth in the above mentioned forecast period. Increase in the demand for plant-based protein and cynicism among consumers is projected to challenge the cultured beef market.
According to Data Bridge Market Research the markets for cultured beef is accelerating because of the growing number of investors in the meat industry, rise in the preference for consuming the substitute for animal-based products and concerns related to animal cruelty for meat production. Additionally, technological developments in the cultured meat production and cellular agriculture and growing per capita meat consumption and rise in the disposable income positively affect the cultured beef market.
Furthermore, increasing demand for animal-based meat alternative products due to their protein component and taste of the meat products and developing Southeast Asian economies extend profitable opportunities to the market players.
Now the question is which are the other regions that cultured beef market targeting? Data Bridge Market Research has estimated a large growth in Europe because of the rise in the animal welfare, growing investment and increase in environmental awareness in the region.
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Cultured beef market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of cultured beef companies’ contact us, https://www.databridgemarketresearch.com/toc/?dbmr=global-cultured-beef-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Cultured Beef Market – Industry Trends and Forecast to 2028