Dissimilar processed meat products have been produced from in vitro meat cultured from muscle tissue, as opposed to the traditional method of slaughtering animals. This is predicted to augment the market growth of the global artificial meat market.
Innovation in the cell culture is carrying tremendous potential value for in vitro research and has been the subject of much research effort in this area over different years. Different methods of tissue engineering have been utilized for developing artificial meat from animal cells. Dissimilar processed meat products have been produced from in vitro meat cultured from muscle tissue, as opposed to the traditional approach of slaughtering animals. This is predicted to augment the market growth of the Global Cultured Meat market.
According to the SPER market research, ‘Artificial Meat Market by Product Type (Sausages, Beef, Chicken, Fish and Others (Snacks, Pork, Seafood, Duck, etc.)), By Distribution Channel Distribution (Retail Outlets, Whole Sellers, Online Stores, and Supermarket/Hypermarkets), By End-User (Restaurants, Households, and Others (Hotels, Canteens, etc.)), and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)’ state that the Artificial Meat Market is projected to grow with a noteworthy rate during the review period 2019-2027.
The artificial meat market is projected to rise vividly as a response to meat alternatives and alternative protein sources augments. Accumulative health consciousness improved health remunerations, and ecological concerns are predicted to have a positive impact on the market enlargement. Other foremost drivers that are predicted to propel the artificial meat market involve intensifying customer inclination toward animal welfare and modernism in cellular agriculture. In addition, growing meat consumption, collectively with the growing requirement for nourishing meat, is predicted to assist market growth throughout the forecast duration.
Throughout the onset of the COVID-19 pandemic, the meat industry was astounded by warnings of meat shortages owing to padlocked plants, an augmenting number of sick workforces, and resulting in price upsurges, conditions that could open up new opportunities for artificial meat-based businesses. Traditional meat dissemination channels have been and endure to be dislocated, with restaurants, schools, and several other amenities closing. Clients had fewer choices as output decreased and prices rose, and artificial meat alternatives were instigated to attain popularity.
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Although, the changing customer preference has compelled the producers in the meat industry to adopt novel technologies to develop products that will address both the evolving and growing demand of clients. It is also generating growth opportunities for emerging players employed in the alternative meat market, enabling them to attain market traction by launching new products as per customer demand.
North America is predicted to lead the industry in terms of the cultured meat market share. The growth in innovations and enlargements, as well as great expenditure on proficient research & development, are predicted to be foremost backers to its greatest share. Customers are flowing from conventional meat to cultured meat products owing to health apprehensions about meat consumption, an intensification in investor interest in alternative proteins, and the prospective to carry the demanded nutrition in personalized proteins.
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