Global Cultured Beef Market, By End Use (Food Industry, Retail), Distribution Channel (Business to Business, Business to Consumers), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Cultured Beef Market
The global cultured beef market is expected to witness market growth at a rate of 5.5% in the forecast period of 2021 to 2028 and is expected to reach USD 0.82 billion by 2028. Data Bridge Market Research report on cultured beef market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the consumption of meat products is escalating the growth of cultured beef market.
Cultured beef is a form of cultured meat is produced from the cells of animals from advanced technology without the need for slaughtering of the animals. This meat is produced through taking several cells from an animal and growing them in a medium that is known to be rich in nutrients. These cells are capable of multiplying at a great extent that every single cell can be utilized of multiplying at a great extent that every single cell can be meat for the consumers.
The rise in the number of investors in the meat industry, acts as one of the major factors driving the cultured beef market. The increase in the preference for consuming the substitute for animal-based products and concerns regarding animal cruelty for meat production creating impact on consumer mindset on consuming meat products accelerate the cultured beef market growth. The technological advancements in cultured meat production and cellular agriculture and high per capita meat consumption further influence the cultured beef market. Additionally, concerns over food safety and environmental sustainability, growth in awareness regarding health benefits, change in consumer lifestyle, and increase in disposable income positively affect the cultured beef market. Furthermore, rise in demand for animal-based meat alternative products owning to their protein component and taste of the meat products and emerging Southeast Asian economies extends profitable opportunities to the cultured beef market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the setup and stringent regulatory environment expected to obstruct the cultured beef market growth. The rise in the demand for plant-based protein and skepticism among consumers are projected to challenge the cultured beef market in the forecast period of 2021-2028.
This cultured beef market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on cultured beef market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Cultured Beef Market Scope and Market Size
The global cultured beef market is segmented on the basis of end use and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of end use, the cultured beef market is segmented into food industry and retail. Food industry is further segmented into nuggets, burgers, meatballs, sausage, hot dogs and others. Others is further sub segmented into pet food and foie gras.
- On the basis of distribution channel, the cultured beef market is segmented into business to business and business to consumers. Business to consumers is further segmented into hypermarkets/supermarkets, convenience store, food and drink specialty stores and online retail.
Global Cultured Beef Market Country Level Analysis
The cultured beef market is analyzed and market size, volume information is provided by country, end use and distribution channel as referenced above.
The countries covered in the global cultured beef market report are the 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).
North America dominates the cultured beef market because of the continuous innovations and developments, concerns regarding meat consumption, high investment in meat alternatives and high consumption within the region. Europe is expected to witness significant growth during the forecast period of 2021 to 2028 due to the rise in animal welfare, increase in investment and growth in environmental awareness in the region.
The country section of cultured beef market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cultured Beef Market Share Analysis
The cultured beef market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cultured beef market.
The major players covered in the cultured beef market report are mosameat, Francisco based Memphis meat, Supermeat, Integriculture Inc., Brooklyn-based Finless Food and Higher steaks, Appleton Meats, Biofood Systems Ltd., Fork & Goode, Finless Foods Inc., Avant Meats Co. Ltd., Balletic Foods, Future Meat Technologies Ltd., Meatable, Mission Barns, Bluenalu, New Age Meats and Aleph Farms Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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