• Home
  • News
    • Agriculture
    • Aviation & transport
    • Arts & Entertainment
    • Business & Finance
    • Conferences & Seminars
    • Cryptocurrency
    • Economy
    • Education
    • Forex & Commodities
    • Manufacturing & Industry
    • Media
    • Oil & Energy
    • Pharma & Health
    • Politics
    • Real Estate & construction
    • Sports
    • Stock Markets
    • Telecom & Tech
    • Travel & Tourism
  • Europe
  • Middle East
  • Africa
  • Press
  • About Us
    • Press Release Distribution Services
    • Submit Press Release
    • Contact Us
Submit PR
Search
Close
Search
Close
Home Press

Lab Grown Meat Market Worth $317.2 Million by 2029 – Exclusive Report by Meticulous Research®

admin by admin
July 12, 2022
in Press
Share on FacebookShare on Twitter


(EMAILWIRE.COM, July 12, 2022 ) According to a new market research report titled, ‘Lab Grown Meat Market by Type (Beef, Pork, Poultry, Seafood), Application (Meatballs, Burger Patties, Hot Dogs & Sausages, Nuggets), Distribution Channel (Business-to-Business, Business-to-Consumer), and Geography — Global Forecast to 2029’, the global cultured meat market is expected to grow at a CAGR of 19.4% during the forecast period of 2022–2029 to reach $317.2 million by 2029.

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5293

Plant and algae-based ingredients continue to gain ground as a replacement for animal protein in meat and dairy-mimicking products. In the past few years, any discussion of alternative proteins includes lab-grown meat. Lab-grown meat, also referred to as cultured meat or clean meat, is a part of the emerging cellular agriculture field. It involves applying tissue engineering practices to the production of animal muscle for human consumption. This technology of producing cellular meat from animal cells is still in its nascent stage. Cultured meat has minimal harmful effects on the environment as it is antibiotic-free and environmentally sustainable. The commercialization of cultured meat provides a sustainable alternative to conventional meat products.

Lab-grown meat industry predictions in light of COVID-19

The COVID-19 pandemic adversely affected many manufacturing industries, including the livestock industry, such as global meat production & processing and supply chain. Preventive measures such as travel restrictions, border controls, and countrywide lockdowns by governments affected the production and supply chain of cultured meat. The research & development, production, and processing of lab-grown meat were affected due to difficulty purchasing production inputs, transportation restrictions, lack of access to professional services & workforce, and restrictions in the supply of cultured meat & meat products to the markets.

The prices of meat & meat products increased due to decreased production and increased demand caused by panic buying. In April 2020, the meat packing and processing facilities shut down due to the rapid spread of the COVID-19 virus among workers. Furthermore, lab meat producers & processors faced difficulty harvesting & shipping the products due to lockdowns, decreased labor force, and changes in local & international export market legislation. These conditions adversely impacted the lab meat industry.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5293

Key Findings in the Global Cultured Meat Market Study

The global lab-grown meat market is segmented by type, application, distribution channel, and geography. The study also evaluates industry competitors and analyses the market at regional and country levels.

Based on type, the global lab-grown meat market is segmented into beef, pork, poultry, seafood, and others. In 2022, the poultry segment is estimated to account for the largest share of the lab-grown meat market. The large market share of this segment is attributed to the popularity of poultry products in various quick-service restaurants and the comparatively lower price of lab-grown poultry meat than other types. However, the fish segment is expected to grow at the fastest CAGR during the forecast period. The rapid growth of this segment is attributed to increasing environmental challenges for aquaculture and rising investments in cell-based seafood.

Based on application, the global cultured meat market is segmented into meatballs, burger patties, hot dogs & sausages, nuggets, and other applications. In 2022, the meatballs segment is estimated to account for the largest share of the lab-grown meat market. The large market share of this segment is attributed to the increased sales of ready-to-cook foods, high demand for convenience food, and shifting food consumption behavior. However, the burger patties segment is expected to grow at the fastest CAGR during the forecast period. The rapid growth of this segment is attributed to the growing popularity of burger patties as ready-to-eat foods, the increasing quick-service restaurants market, and increasing innovative product launches by burger manufacturers.

Quick Buy – “Lab Grown Meat Market by Type (Beef, Pork, Poultry, Seafood), Application (Meatballs, Burger Patties, Hot Dogs & Sausages, Nuggets), Distribution Channel (Business-to-Business, Business-to-Consumer) – Global Forecast to 2029” Research Report: https://www.meticulousresearch.com/Checkout/65949898

Based on distribution channel, the global lab-grown meat market is segmented into business-to-business and business-to-consumer. In 2022, the business-to-business segment is estimated to account for the largest share of the lab-grown meat market. However, the business-to-consumer segment is expected to grow at the fastest CAGR during the forecast period. Business-to-consumer channels offer improved shopping experiences and high-quality products through modern grocery stores, leading to increased online purchases.

Based on geography, in 2022, North America is estimated to account for the largest share of the lab-grown meat market. The large market share of this segment is attributed to the increasing adoption of on-the-go lifestyle and consumption of snacks, increased consumption of convenience food products, and a rising number of flexitarians. This segment is also expected to grow at the highest CAGR during the forecast period.

Some of the key players operating in the cultured meat market are Just, Inc. (U.S.), Mosa Meat (Netherlands), Upside Foods (U.S.), SuperMeat (Israel), Wild Earth Inc. (U.S.), Avant Meats Company Limited (China), Aleph Farms Ltd. (Israel), Biofood Systems Ltd. (Israel), Finless Foods, Inc. (U.S.), Future Meat Technologies Ltd. (Israel), Integriculture Inc. (Japan), Appleton Meats (Canada), Higher Steaks (U.K.), Meatable (Netherlands), BlueNalu, Inc. (U.S.), Shiok Meats (Singapore), Seafuture Sustainable Biotech (Canada), Lab farm Foods (U.S.), Cubiq Foods (Spain), and Granja Celular S.A (Argentina).

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/lab-grown-meat-market-5293

Scope of the report

Lab Grown Meat Market, by Type

Beef
Pork
Poultry
Seafood
Others
Lab Grown Meat Market, by Application

Meatballs
Burger Patties
Hot Dogs & Sausages
Nuggets
Other Applications
Lab Grown Meat Market, by Distribution Channel

Business-to-Business
Business-to-Consumer
Lab Grown Meat Market, by Geography

North America
U.S.
Canada
Europe
Germany
U.K.
Rest of Europe (RoE)
Asia-Pacific (APAC)
China
Japan
Singapore
Rest of Asia-Pacific (RoAPAC)
Latin America
Middle East & Africa

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5293



Source link

Previous Post

Taste of the Middle East is coming back to Toronto this year

Next Post

Biden seeks new chapter in troubled Middle East – Boston News, Weather, Sports

RelatedPosts

Press

3D Surveillance Software Market to Hit USD 176.66 Bn by 2029: Competitive Landscape, Trends, Statistics, and Segmentation

 3D Surveillance Software Market(EMAILWIRE.COM, May 29, 2023 ) As per Maximize Market research, the total global market for...

by admin
May 29, 2023
Press

Lighting Transformer Market to reach USD 3 Bn by 2029, emerging at a CAGR of 5.4 percent and forecast (2023-2029)

 Lighting Transformer Market(EMAILWIRE.COM, May 29, 2023 ) The total global market for the “Lighting Transformer Market” was valued...

by admin
May 29, 2023
Press

Conventional Oil Market to reach USD 3493.71 Bn by 2029, emerging at a CAGR of 3.8 percent and forecast (2023-2029)

 Conventional Oil Market(EMAILWIRE.COM, May 29, 2023 ) The total global market for the “Conventional Oil Market” was valued...

by admin
May 29, 2023
Press

Identity Verification Market Size, Share, Growth, Trends and Forecast – 2027

(EMAILWIRE.COM, May 29, 2023 ) According to a research report "Identity Verification Market by Component (Solutions and Services),...

by admin
May 29, 2023
Load More

Latest Post

استكشاف الإمكانات غير المستغلة لطاقة النيوترينو

by admin
May 31, 2023

الرياض تستضيف فعاليات الدورة الثانية من المنتدى العالمي لإدارة المشاريع

by admin
May 31, 2023

Riyadh hosts second edition of Global Project Management Forum

by admin
May 31, 2023

Cape Town Celebrates Intra-Africa Route Expansion – Simple Flying

by admin
May 29, 2023

Wafer Dicing Saws Market Outlook- Global Industry Size, Share, Trends, Growth Opportunities, Forecasts by Types, Applications, Countries, and Companies, 2023 to 2030 – Yahoo Finance

by admin
May 29, 2023

EMEAWIRE™ provides press release distribution services for businesses, organizations and other entities with the need to reach media outlets in Europe, Middle east and Africa (EMEA) Submit press release or contact us today.
Share us

Subscribe to Our Newsletter

    • Home
    • News
      • Agriculture
      • Aviation & transport
      • Arts & Entertainment
      • Business & Finance
      • Conferences & Seminars
      • Cryptocurrency
      • Economy
      • Education
      • Forex & Commodities
      • Manufacturing & Industry
      • Media
      • Oil & Energy
      • Pharma & Health
      • Politics
      • Real Estate & construction
      • Sports
      • Stock Markets
      • Telecom & Tech
      • Travel & Tourism
    • Europe
    • Middle East
    • Africa
    • Press
    • About Us
      • Press Release Distribution Services
      • Submit Press Release
      • Contact Us
    Menu
    • Home
    • News
      • Agriculture
      • Aviation & transport
      • Arts & Entertainment
      • Business & Finance
      • Conferences & Seminars
      • Cryptocurrency
      • Economy
      • Education
      • Forex & Commodities
      • Manufacturing & Industry
      • Media
      • Oil & Energy
      • Pharma & Health
      • Politics
      • Real Estate & construction
      • Sports
      • Stock Markets
      • Telecom & Tech
      • Travel & Tourism
    • Europe
    • Middle East
    • Africa
    • Press
    • About Us
      • Press Release Distribution Services
      • Submit Press Release
      • Contact Us

    Browse by Category-

    Home

    Europe

    Middle East

    Africa

    Global

    News

    -Agriculture

     – Arts & Entertainment

    — Aviation & transport

    — Business & Finance

    — Conferences & Seminars
    — Cryptocurrency
    — Economy
    — Education
    — Forex & Commodities
    — Manufacturing & Industry
    — Media
    — Oil & Energy
    — Pharma & Health
    — Politics
    — Real Estate & construction
    — Sports
    — Stock Markets
    — Telecom & Tech
    — Travel & Tourism

    About Us

    -Pr Services
    -Submit PR
    -Contact Us

    © 2023 Copyright EMEAWIRE™

    Share us

    Share on facebook
    Facebook
    Share on twitter
    Twitter
    Share on linkedin
    LinkedIn
    Share on pinterest
    Pinterest