Cultured meats are those meats which are developed by cell culture of animals rather than slaughtered animals. In this process, different cell are taken from the different animals and then it is grown in the medium which is rich in nutrients. There these cells get multiplied and later they are cooked, harvested, seasoned and used as eat products. They are widely used to make meat product such as chicken nuggets, sausage, hamburger and other. Starter cell, treatment of growth medium and scaffolding are three major stages which are in the production of these cultured meat. As compared to the livestock source meats, these meats are very healthier as they are high in nutrition content. They are beneficial for the environment as well, as according to a research by University of Oxford greenhouse gas emissions and other environmental impacts for cultured beef is way more less than the beef from modern farming.
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Some of the factors responsible for the growth of this market are:
The global cultured meat market is segmented on the basis of source which is further segmented as poultry, pork, beef, duck and end use which is further segmented as nuggets, burgers, meatballs, sausages, hot dogs, and others.
Few of the launches and acquisition in the market are as follow:
“According to Data Bridge Market Research, global cultured meat market is expected to reach USD 16.01 million by 2025 at a steady CAGR during the forecast period of 2018 to 2025”
Some of the players in the market are Francisco-based Memphis Meats, MosaMeat, Brooklyn-based Modern Meadow, Tel Aviv-based Super Meat, and Brooklyn-based Finless Food, Memphis Meats, Supermeat, Just, Inc., Integriculture Inc among others.
High protein and nutrient value in these cultured meat is the factor which is creating opportunities for this market. As compared to the traditional meat, they have less impact on the environment, decrease food borne illness and are quite healthy for consumption. They are able to cater different meat products to the market. With new technologies in the market, cultured meat demand will also increase. These are factor which is expanding the growth of this market.
Global Cultured Meat Market - Industry Trends and Forecast to 2027