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The lab-based meat market is shaped by a variety of factors that collectively influence its growth and development. One of the primary drivers of this market is the increasing global demand for sustainable and ethical food options. These concerns about the environmental consequences of standard meat production, namely deforestation and greenhouse gas emissions are fueling a demand for more environmentally friendly foods. Lab-grown meat, which is developed through cellular agriculture provides a remedy by minimizing the environmental impact of traditional animal husbandry.
Finally, changing dietary habits and lifestyle choices are also significant contributors to the dynamics of lab-based meat market. As more people transition to plant-based and flexitarian diets for health, moral or ecological motives, the requirement increases for proteins other than meat from animals. Lab-grown meat offers a practical alternative that closely emulates the flavour and feel of conventional meats, which might be attractive to individuals who are hesitant about embracing plant-based diets completely but still want to lessen their reliance on standard animal husbandry.
The lab-based meat market is significantly influenced by economic factors. Market penetration of lab-grown meat is affected by the cost of production as well as affordability in relation to conventionally raised meat. With time, the progression of technology and scale-up operations are likely to reduce production costs which will make lab produced meat cheaper for a much larger group of consumers. Economic aspects also include opportunities for job creation in the lab-grown meat developing sector.
Lab-based meat relies on government regulations and policies concerning food safety, labeling and approving new novelty food products which affect the lab based meat development and market entry. With this innovative industry gaining momentum, regulatory bodies are taking steps to define clear guidelines in order to ensure the safety of and labeling accuracy for lab-grown meat products. Support for regulation is important to ensure consumer confidence and enable lab-based meat commercialization.
The key factors driving the lab-based meat market include technological advancements and research breakthroughs. Scalability and efficiency of lab-grown meat production are enhanced by recent developments in cellular agriculture, tissue engineering and bioprocessing techniques. Ability of companies to continuously innovate and optimize their production processes will be critical to ensure the mass usage of lab-based meat besides making it competitive in the larger protein market.
Market acceptance depends significantly on consumer perception, a fact that influences the lab-based meat market. As lab-grown meat is becoming more evident, it also becomes essential for the companies to communicate effectively about the merits of their product taking into consideration issues like taste, safety and even overall production sustainability. Educational interventions and open conversation about the technology behind in-vitro meat production can help shape positive attitudes among consumers.
The global nature of the food industry and cultural differences impact the lab-based meat market, with variations in consumer preferences and regulatory environments across different regions. Companies entering the global market must navigate diverse consumer tastes, regulatory requirements, and cultural perceptions of meat alternatives. Adapting products to suit regional preferences and addressing cultural considerations are essential for success in a globally competitive landscape.
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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