Cultured Meat Market: Market Outlook
Cultured
meat is produced from the cells of animals from advanced technology without
slaughtering of the animals. The cultured meat is produced by taking
several cells from an animal and growing them in a medium, which is very rich
in nutrients. These cells have a capability of multiplying at a great extent
that every single cell can be used to manufacture a good amount of meat for the
world population in a year. The cultured meat is creating the major fad in the
food and beverage industry as the food manufacturers are increasingly
approaching the meat substitute products.
Although
many numbers of in-between steps would be necessary to produce cultured meat in
a very bulk quantity. After the multiplication of the cells forms a structure
that looks like a sponge-like and is finally socked in nutrients, increases
their protein content and size with the help of mechanical mechanism. The
production of cultured meat is a proposed solution to feeding the
ever-increasing growing population, it could also provide the benefits of
favorable saturated fat level, reduced environmental impact and reduce
foodborne illnesses. It is estimated that the resulting cultured meat can be
seasoned, harvested, cooked to perfection for consumption as any other meat
products such as chicken, hamburger, sausages and even a steak or a chicken
breast.
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Growing
demand for alternative of animal-based products is among the major driving
factor for the cultured meat market
The cultured
meat market is driven by the rising consumer preference for consuming
the substitute for animal-based products. The growing concerned over animal
cruelty for meat production has created a valuable impact on consumer mindset
on consuming meat products. Nevertheless, meeting the daily protein requirement
and taste of the meat products is also a considerable factor to use the
animal-based meat alternative products. This is formulating an advantageous
opportunity for the cultured meat market. Furthermore, with the
advancement of technology, cultured meat production is expected to rise in
future. The developed regions such as Europe and North America is witnessing
the higher consumption of meat analogue products which is also one of the
driving factors for the cultured meat market in these regions. However, high
pricing and lack of awareness are the major contributing factor which is
restraining the growth of cultured meat market.
Cultured
Meat Market Key Players
The major
key players include a Francisco-based Memphis Meats, MosaMeat in the
Netherlands, Brooklyn-based Modern Meadow, Tel Aviv-based Super Meat, and
Brooklyn-based Finless Food and others.
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Opportunities for Market Participants in the Cultured Meat
Market
Since the
demand for meat alternative products is rising, especially in developed
countries, the manufacturers of cultured meat is obtaining the beneficial opportunity
to grow in the market. The cultured meat is one of the major researched
projects in the last decade, which is offering the greater potential to the
market shortly. This is further creating the favorable market scenario to the
global cultured meat market.
Global Cultured Meat Market: Regional Outlook
Cargill
food ingredients through its commitment to invest and grow its traditional
protein business derived from an animal. Their commitment is nearly up to US$
700 million in the protein industry which could increase the production of
cultured meat in North America. Developing the cultured meat is sustained for
many years in both the United States and European nations. Since last decade,
cultured meat research in the European Union has been gaining popularity. The
support of the Dutch government has helped European cultured meat research
largely.
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