About Artificial Meat
In an increasingly complicated regulatory environment, combined with surging demand for meat the sector must is required to explore alternatives to concerns regarding animal care, health, and sustainability, and it will have to do so in the face of competition from developing non-traditional meat and protein products. These new meat and protein products, often known as "fake meat," are made with cutting-edge technologies to address challenges that plague the traditional meat business. In the current climate, fake meats, in vitro or cultured meat, and meat from genetically modified organisms have no real chance of competing with normal meat production. Meat substitutes made from plant proteins and mycoproteins, on the other hand, are now the most competitive and are gaining a modest share of the market. If conventional meat products become more expensive and the palatability and adaptability of made meats improve, manufactured meats may drive conventional meat into the luxury end of the market and supply the bulk, low-cost end.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States & Israeli Vendors will contribute the maximum growth to Global Artificial Meat market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Aleph Farms Ltd. (Israel), Because Animals, Inc. (United States), Cubiq Foods S.L. (Spain), Meatable B.V. (Netherlands), Memphis Meats (United States), Mission Barns (United States), Mosa Meat B.V. (Netherlands), Future Meat Technologies (Israel), Redefine Meat (Israel) and Vow Group Pty Ltd. (Australia) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Shiok Meats (Singapore), Wild Type (United States), Biftek (Turkey), Avant Meats (Hong Kong) and SuperMeat (Israel).
Segmentation Overview
AMA Research has segmented the market of Global Artificial Meat market by Type (Red Meat, Poultry, Seafood and Others) and Region.
On the basis of geography, the market of Artificial Meat has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Category, the sub-segment i.e. Cultured Meat will boost the Artificial Meat market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Household will boost the Artificial Meat market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution, the sub-segment i.e. Retail Outlets will boost the Artificial Meat market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Number of Artificial Meat Awareness Campaigns
Market Growth Drivers:
Surge Demand for Meat Products Due to Growing Population and Stringent Animal Regulatory Norms
Challenges:
Skewed Player Distribution and Technological Limitations
Restraints:
Supply Limitations
Opportunities:
Increasing Artificial Meat Demand Across European Regions
Market Leaders and their expansionary development strategies
In December 2018, Unilever Acquired The Vegetarian Butcher. The Acquisition Is in Line with Unilever's Ambition to Diversify Its Portfolio into Healthier, Lower-Impact Plant-Based Meals. Unilever Is Responding to A Growing Trend Among Consumers to Eat Vegetarian and Vegan Meals by Making This Acquisition.
In July 2021, Future Meat Technologies Launched World's First Industrial Cultured Meat Production Facility. The New Facility Holds the Capability to Produce 500 Kilograms of Cultured Products A Day, Equivalent To 5,000 Hamburgers, Making It Scalable Cell-Based Meat Production A Reality.
Key Target Audience
Artificial Meat Manufactures, New Entrants and Investors, Artificial Meat Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.