Global Cultured Meat Market: An Innovative Protein Alternative Augmenting the Market Growth

Global Cultured Meat Market

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:

  • Enhanced food safety: Food is an important part of our life as it is the major source of energy in our body. It is important for everyone to eat healthy and nutritional food so that they can stay fit and healthy. Nowadays several manufacturers add different chemical and compound to the food so that the look, quality and taste of the food can be improved. Pesticides, artificial color, fertilizers, sweetener are added to our food content; which increases the risk of diseases. So, to deal with these problems, strict norms and regulation are made by the government to enhance the food safety so that healthy food can be delivered to the people worldwide
  • Focus on animal welfare: Animal welfare in simple words means that animal under the care of the person should be treated responsibly. They have to make sure that the animal is getting all the necessary care and help such as it is well nourished, is not suffering from any disease or pain, is comfortable and other. These day people are more focused towards providing better care so that they can achieve their goal and enhance their business. If the animal will be fit and healthy it will enhance their productivity which will be beneficial for the owner

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:

  • In May 2019, Cargill announced that they are going to invest in Aleph Farms so that they can expand them in the alternative protein market. This acquisition will help them to meet rising demand of the consumer for protein and will help the company to strengthen their position in the market
  • In January 2018, Tyson Foods announced that they are going to invest Memphis Meats so that they can add cell-cultured meat, into their portfolio. The main aim of the investment will help the company to meet the rising demand for the cultured meet among the consumer and will also strengthen their position in the market

 “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.