Market Overview:
The Global Artificial Meat Products market was estimated at USD 167.92 million in 2022 and is anticipated to reach USD 471.71 million by 2030, growing at a CAGR of 15.9%.
Artificial meat products are made from meat that has been created in vitro using animal cells as opposed to meat from slaughtered animals. It is acknowledged to be a form of cell farming. Artificial meat is created using many of the tissue engineering techniques used in regenerative medicine. In comparison to unadventurous meat, the use of artificial meat has numerous approaches to health, environmental, cultural, and economic debates. This market is likely to be driven by factors such as a rise in demand for meat replacements and alternative protein sources. Artificial meat Product, also known as cultured meat product or cell-based meat, is created from a small sample of animal tissue in a nutrient-rich environment to match the nutritional profile of conventional meat. Increasing meat consumption, along with increased demand for nutritious meat and increasing buying power, supports industry expansion.
Top Key Players Covered In The Artificial Meat Products Market:
- Memphis Meats (US)
- MosaMeat (Netherlands)
- SuperMeat (Israel)
- Just Inc (US)
- Integriculture (Japan)
- Aleph Farms Ltd (Israel)
- Finless Foods Inc. (US)
- Avant Meats Company Limited (China)
- Balletic Foods (US)
- Future Meat Technologies Ltd (Israel, and Other Major Players.
Market Dynamics and Factors:
The demand for beef is rising globally and doesn't seem to be slowing down. The demand for beef protein is expected to rise by 13% by the end of the decade, having already doubled over the preceding two decades. By altering the profile of crucial amino acids and fats, as well as by including vitamins, minerals, and bioactive chemicals in proportions equivalent to or greater than those found in natural meat, cultured meat products can be created to influence certain health and nutrition outcomes. For instance, cultured beef may be produced to have less or no saturated fat, more protein, and polyunsaturated fatty acids than traditional beef, hence lowering the risk of developing chronic diseases.
The demand for beef is rising globally and doesn't seem to be slowing down. The demand for beef protein is expected to rise by 13% by the end of the decade, having already doubled over the preceding two decades. The supply chain is under more pressure to meet demand as it increases. People today understand how important it is to create alternatives to traditional beef. An alternative protein source that uses much fewer natural resources than standard supply chains is beef that has been raised on a farm.
Artificial Meat Products Market Report Highlight:
- By Type, the meatballs segment is anticipated to lead the growth of the Artificial Meat Products market in the forecasted timeframe. A meatball is ground meat rolled into a ball, sometimes along with other ingredients, such as bread crumbs, minced onion, eggs, butter, and seasoning. Meatballs are cooked by frying, baking, steaming, or braising in sauce. There are many types of meatballs using different types of meats and spices.
- By Source, the poultry segment is expected to have the highest share of the Artificial Meat Products market over the projected period. Poultry meat produces heme iron (a kind of iron) and the body can absorb up to 30 percent of heme iron compared to non-heme iron found in vegetables, beans, fruits, etc., which is more difficult for the body to absorb.
- By End users, the food services segment is set to develop at the highest CAGR during the forecasted timeframe. Artificial Meat Products are popular in the food industry as they can manage a large volume of simulation requests. It is a long day of preservatives and frozen food that can easily be managed.
- The North American region is expected to have the highest share of the Artificial Meat Products market over the projected period. In North America increase in innovations and advances and high spending on effective R&D is anticipated to account for the majority of its growth. Consumers' move from conventional meat to cultured meat products is driven mainly by health concerns regarding the consumption of meat products, growth in investor interest in alternative proteins, and the ability of custom-made proteins to supply the necessary nutrition.
Key Industry Development:
In September 2021, Nomad Foods, a UK-based frozen fish company, teamed up with BlueNalu, a UK-based seafood cell cultured company, on a project that is expected to pave the way for the introduction of cell-based products in Europe.
In January 2020, Nutreco announced a strategic partnership with BlueNalu, a cell-based seafood start-up. One week before that, the company already announced a collaboration with Mosa Meat, a cell-based meat start-up. Both of these partnerships are amplifying the commitment of Nutreco to feed the future with science and tech-based artificial meet innovation, which will also advance the value chain sustainability.
Artificial Meat Products Market Segmentation:
By Type
- Nuggets
- Burgers
- Meatballs
- Sausages
- Hot Dogs
By Source
- Nuggets
- Burgers
- Meatballs
- Sausages
- Hot Dogs
By End Users
- Household
- Food Services
For this report, Introspective Market Research has segmented the Artificial Meat Products Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- The U.S.
- Canada
- Mexico
Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
