In a recent research report by Maximize Market Research, the Cultured Meat market is expected to surpass US $16.14 Billion by the year 2027, from US $5.81 Billion in 2020.
Cultured Meat Market Insights:
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up at a quick pace, registering a CAGR of almost 15.72% during the tenure of 2021-2027.
Companies have been able to lower the cost of producing grown meat by 99% in less than a decade. Cultured meat could reach cost parity with traditional beef by 2030 if costs follow the same path as human genome sequencing (which reduced by 45% annually on average between 2001 and 2021).
It is expected not to be simple. Cultured meat production costs are still significantly higher than those of conventional animal protein. The high cost is because of lab-scale and pilot-scale production as well as unresolved technical difficulties. According to MMR analysis, increased scale and best-in-class manufacturing processes can eliminate about 75% of expenses, while fine-tuning R&D can eliminate roughly 25% of extra costs, bringing the total cost down 99.5%, from the low thousands of dollars to under US $5 per pound. Blending cultured meats with plant protein can help save money even more.
The report published by Maximize encompasses the market dynamics which could affect the market growth of the Cultured Meat in the region, the Value-Chain Analysis, and Porter’s Analysis for the market at a global level.
The study is consolidated based on segments and further into sub-segments, based on Sources (beef, poultry, seafood, pork, and duck), and End-use (burgers, nuggets, meatballs, sausages, hot dogs, and others).
Lastly, the market research report provides a regional comparison and a complete country-level analysis for the latest trends, along with the major key players – BioTech Foods, Eat Just, Fineless Foods, Cargill, Clear Meat, Dupont, Fork and Goode, Memphis Meats, Future Meat Technologies Limited, Mosa Meat, Merck KGaA, SuperMeat, Tyson Foods, Vow Group, Aleph Farms, Matrix Meats, Redefine Meat, and Others.
You can browse the market data tables and figures spread through a comprehensive research report and an in-depth TOC on the “Global Cultured Meat Market.”
https://www.maximizemarketresearch.com/market-report/global-cultured-meat-market/93662/
Contact:
MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Office no. 4,
Navale IT Zone Phase-2,
Mumbai -Bangalore Bypass Highway,
Pune- 411041
Maharashtra, India
+91 9607195908