Artificial Meat Market Overview:

Artificial meat, also known as cultured meat or cell-based meat, is made from a small sample of animal tissue that is cultivated in a nutrient-rich environment to mimic the nutritional profile of traditional meat. Artificial meat is made from animal cells cultured in vitro rather than from murdered animals. It is classified as a type of cellular agriculture. Many of the same tissue engineering techniques used in regenerative medicine are employed to create artificial meat. Artificial Meat Market report is come up with the PESTLE analysis, PORTER's five force analysis and segment analysis on the basis of source, application and region.

A research team conducted a significant amount of primary and secondary research for the analysis of the Artificial Meat market. In order to supplement the available data, segment the market, calculate the market's overall size, and project market size and growth rate, secondary research was conducted.

In comparison to regular meat, the use of artificial meat has several potential health, environmental, cultural, and economic implications. Cultured meat is made in a lab from a few animal cells and is sometimes referred to as lab-grown, clean, or cultivated meat. It's real meat, but unlike traditional meat, it doesn't necessitate the death of animals.

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The artificial meat market is growing as a result of rising meat consumption, greater demand for nutritious meat, and rising consumer spending power:

Because of the scale of its ethical, human health, and environmental implications, the meat business has come under increased criticism in recent years. The aforementioned problems, together with projections that demand for protein products would continue to rise over the forecast period, indicate a pressing need for more nutritional, animal welfare-conscious, and sustainable protein product approaches. However, the demand for nutritious meat remains constant as one of the most nutritious meats that can consume is liver, particularly the beef liver. It's high in high-quality protein, as well as it also contains vitamins A, B12, and B6, iron, zinc, and vital amino acids.

Consumer demand for meat and animal-derived goods has fueled the expansion of cellular agriculture, which uses in-vitro cultivation to create animal proteins with less animal-derived material than the present meat industry. The concept aims to satisfy an end-user who wants to consume meat products while also ensuring total food security and reducing the food production's environmental impact.

Artificial Meat Market Segmentation:

The market is divided into categories for poultry, pork, beef, duck, and other sources. With a 36.1% market share in 2020, the poultry segment dominated the industry. The poultry segment is anticipated to grow significantly as a result of the rising number of manufacturers in the artificial meat market, the low cost of cultured chicken products compared to those from other sources, the readily available supply of protein, the low fat content, and the absence of significant religious restrictions. Due to the expanding popularity of poultry products in fast food restaurants and the rapid urbanisation, producers have been forced to create novel alternative products to meet growing consumer demand. This reason is why this market is expanding quickly.

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Artificial Meat Market Key players:

Fork & Goode (New York)
Biofood Systems LTD (Israel)
Mission Barns (California)
BlueNalu, Inc. (California)
Mutable (U.S)
Seafuture Sustainable Biotech (Canada)
Shiok Meats (Singapore)
Wild Type (U.S)
Lab farm Foods (U.S)
COVID-19 Impact on Artificial Meat market:

The COVID-19 outbreak has had a significant impact on the Artificial Meat market. Due to the global economic downturn and a labour shortage, the development of Artificial Meat production facilities has been halted. The pandemic of COVID-19 has resulted in a significant and long-term decrease in production utilisation. Furthermore, travel restrictions and facility closures have hampered employee visits, limiting the growth of the Artificial Meat market in 2020. However, given the high demand for Artificial Meat, the market effects of COVID-19 are expected to be transitory. The industry is expected to fully recover by early 2021.

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