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The lab-based meat market is experiencing a dynamic evolution shaped by a confluence of factors that underscore the growing interest in sustainable and alternative food sources. One of the main drivers pushing the lab-based meat industry is growing environmental consciousness and animal welfare concerns on a global level. Lab-based meat becomes a potential alternative to traditional livestock farming as consumers become more aware of the environmental impact and look for cruelty-free options. With this technological innovation, meat can be produced without relying on large areas of land ate best
Lab-based meat market has been significantly influenced by changing dietary preferences and a growing population. There are ways in which the typical live animal meat production faces challenges to meet demand sustainably as global demands for meat continue to rise. Lab-grown meat, also known as cultured or cellular meat is a potential answer because it represents an economical and environmentally friendly alternative to conventional animal raising. This is in line with the demands of an increasing number of consumers who want to consume ethically produced, environmentally friendly and healthy food sources.
The developments in cellular agriculture and biotechnology have a critical role to play as far the trends of making meat in labs are concerned. Developments in tissue engineering and cell cultivation technologies are enabling manufacturers to design lab-made meat that closely resembles the flavor, consistency and nutritional value typical of animal flesh. Research and development efforts continue to improve the production processes, minimize costs, increase available meat products with a view of improving consumer acceptance.
Challenges with lab-based meat market include regulatory factors, consumer acceptance and scalability of the markets. Regulatory bodies are putting in place guidelines for safety and labeling of meat products produced through lab to mirror the strict standards applied on conventionally raised meats. Consumer acceptance plays a vital role, as some people voice concerns about the novelty and safety of laboratory-produced meat. By having effective communication, transparency and education will compensate for these challenges to build trust and acceptance among consumers. This is clear as evidenced by the growing trend of traditional meat producers partnering with and investing in lab-based meat startups. Development in technologies, biotech firms and food manufacturers need to collaborate for innovations facilitating the process of producing lab-based meat products at competitive rates.
The dynamics of the market are also significantly supported through government support and policies on sustainability and alternative protein sources. Incentives, research funding as well as regulatory frame works that encourage the process of formulating lab-based meat are critical for fostering growth in this industry. Governments play an essential role in creating the climate conducive to innovation and investment in sustainable food technologies.
Lab Based Meat Market Highlights:
Global Lab-Based Meat Market Overview
lab-based meat market size is predicted to reach USD 22.8 million with a growing CAGR of 5.5% from 2024 - 2032. Lab-based meat is also known as cultured meat, clean meat, in vitro meat, and synthetic meat which is produced by the in-vitro cultivation of animal cells. By accumulating the cells from animals and develop them in an enriched and favorable culture medium, lab-based meat will be produced. As it is grown in an aseptic and strictly controlled environment, the final meat produced is free from any harmful organisms.
This meat has various advantages over conventional meat such as being environmental-friendly, healthy, and free from food food-borne and nutrition-related diseases. The production of this cultured meat reduces the sacrification of animals, the land, water, and energy usage reductions. Moreover, a great man Abdul Qahir Qamar belonging to the International Islamic Fiqh Academy states that “cultured meat will not be considered meat from live animals, but will be cultured meat” which is increasing the demand for the global cultured market. The cells are derived from dogs, pigs, and other haram animals, and their meat is considered vegetative and is similar to yogurt and other fermented pickles.
COVID-19 Analysis
Before the COVID-19 pandemic occurs, the lab-based market is in high demand over the global market. But due to the COVID-19, the lockdowns and regulations imposed by the government lead to a decline in the market. To control the spread of the coronavirus, the government has imposed stringent regulations like semi or full lockdowns, maintaining social distance, business sectors, and education sectors off, limited visits to out, and many more.
The consumption of meat was highly declined for the first two quarters of 2020 due to the spreading of the virus was very fast and people wish to stay in their houses itself and also most of them avoids non-vegetarian and outside foods to control the spread. But later due to the awareness among the consumers regarding the health consciousness behind the nutrient foods and the need of increasing immunity as the high immuned persons cannot suffer severely with coronavirus. Rapidly, the growth of the lab-based meat market increases.
Market Dynamics
Drivers
Increasing meat consumption, rising demand for alternative proteins by food processors, focus on environmental sustainability, and technological innovations in cellular agriculture are the major factors driving the growth of the lab-based meat market. The rising demand and supply gap for meat results in focusing on alternative meat sources. The rise in growth potential and expectancy of high-profit realization leads to an increase in investments for the lab-based market. The rate of urbanization followed by per capita income is one of the driving factors of meat consumption. This cultured meat becomes very popular compared to the traditional method as the cultured meat requires less land by 99%, 90% less water, and 45% less energy compared to traditional one.
From the muscle tissue of the Vitro meat culture, various types of processed meat products are manufactured which opposes the traditional method of slaughtering animals. Hence it is predicted to propel the growth of the market. This meat is produced through Vivo cultivation of live animals adult muscle stem cells that result in muscle tissue with high nutrients growth culture medium. This feature is more advantageous than the traditional method and is expected to boost the lab-based market growth.
Restraint
Rising consumer preference for plant-based protein, high capital, and lack of awareness among consumers regarding the benefits of lab-based meat is hindering the market growth. Manufacturing of this meat is very expensive and stringent regulations are restraining the market.
Opportunities
Launching innovations and research on cultured meat products may create opportunities to accelerate the growth of the lab-based meat market.
Challenges
Consumer skepticism toward lab-based meat is one of the major challenges faced by key players. To develop the high cost-effective growth media for feeding cells, to develop better scaffolding materials that can shape generated tissues into meat and bioreactor platforms which increases the production of lab-based meat on a larger scale. High investment is required to the production of cultured meat is the major challenge of the market.
Study Objectives
- To provide detailed information about the lab-based meat market structure along with various forecast segments and sub-segments for the next 10 years.
- To provide the factors that are affecting the growth of the lab-based meat market value.
- To analyze the lab-based meat market industry analysis based on porter’s five force analysis, factors-price analysis, supply chain analysis, etc.
- To provide history and forecast revenue segments and sub-segments of the lab-based meat market revenue for the main geographies.
- To provide the country-level analysis of the current lab-based meat market size and future prospective.
- To provide country-level analysis of the lab-based meat market industry growth by region, form, and application.
- To provide a strategic profile of the prominent key players in the market, analyze their core competencies, and draw a global lab-based meat market growth landscape.
- To track and analyze new product developments, strategic alliances, and global lab-based meat market research.
Regional Market Summary
Global Lab-Based Meat Market Share (%), by Region, 2021
Source: Secondary Sources and MRFR Analysis
Segment Overview
The global lab-based meat market has been divided into segments based on source, end-use, and region.
Based on Source
The global lab-based meat market based on the source is classified into pork, poultry, beef, and others. Out of these sources, the poultry segment is predicted to hold the largest market share due to its high consumer preference and easy culturing for poultry across the globe.
Based on End-Use
Based on End-Use, the lab-based meat market globally has been segmented into meatballs, nuggets, burgers, hot dogs, and others. Among them, nuggets are expected to account for the largest lab-based market share as it is the most preferable snack in North America and European countries.
Based on Region
The global lab-based meat market is regionally has been studied regarding four key regions which are Europe, Asia-Pacific, North America, and the rest of the world. Among these regions, North America is dominating the lab-based market due to the growing demand for clean meat products and the increasing adoption of cultured meat.
Regional Analysis
Region-wise, the global lab-based market is analyzed into Asia-Pacific, North America, Europe, and the rest of the world. Owing to its growing demand for clean meat products and the increasing adoption of cultured meat, North America is in the leading position in the lab-based market during the review period. Due to the huge number of flexitarians with the acceptance and openness of meat substitutes in metropolitan areas is expected to boost the growth of the market in the US and Canada.
Competitive Landscape
The prominent key players in the lab-based meat market trends are the following:
- MosaMeat (Netherlands)
- Finless Foods (US)
- Just, Inc. (US)
- SuperMeat (Israel)
- Memphis Meats (US)
- Integriculture Inc. (Japan)
- Biotech Foods (Spain)
- Future Meat Technologies (Israel)
- Higher Steaks (UK)
- Aleph Farm (Israel)
Recent Developments
- In 2019, Aleph Farms invented the first steak which is similar to natural meat by look and texture.
- The capital arm of Tyson Foods, Tyson venture invested a seed investment of 2.2 million to Future meat Technologies.
- One of the leading enterpriser Tuthill released the product launch of the new T855 and T1055 which offers reliability, power, and rugged performance with the lowest weight for the transportation market. These designs can outrun, outperform, and outlast the other transport blowers for every load.
- In May 2020, the collaboration of Peace of Meat’s Austrian-born cofounder and scientific researcher Eva Sommer announced the startup can provide 20 grams of cultured fat at 300 euros, and their main theme is to reduce the cost of the meat to 6 euros per kilogram by the year of 2030.
- In January 2020, one of the popular vendors Quartz found nearly 30 cultured meat startups, and among them, Memphis Meats, Just Inc., and Future Meat Technologies develop the highly advanced pilot plants
Report Overview
This global lab-based meat market research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market scenario includes the lab-based meat market drivers, restraints, challenges, and opportunities. The lab-based meat market forecast segments are the source, end-use, and region.
Segmentation Table
The lab-based meat market trends have been segmented globally based on the source, end-use, and region.
By Source
Pork, poultry, beef, and others.
By End-Use
Nuggets, burgers, meatballs, hot dogs, and others.
By Region
Asia-Pacific, Europe, North America, and the rest of the world are the major geographies included in this lab-based meat market.
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