Meat generated in cell culture rather than inside animals is known as clean meat. Proponents prefer the phrase "clean meat," also known as cultured meat, in vitro meat, or lab-grown meat because the meat is said to be cleaner than meat from slaughtered animals in terms of hygiene and environmental friendliness. Its real meat produced (or brewed) from animal cells, as well as other clean animal products that don't need animal cells at all and are created from the molecule up. As the consumption of meat increases the demand for clean meat is also increasing. North America is the largest market for clean meat followed by Europe due to the high consumption of meat.This growth is primarily driven by Environmentally Damaging Nature of Conventional Meat, Need Of Sustainable Source of Meat and Increasing Demand of Clean Meat to Ensure Animal Welfare.
Globally, a noticeable market trend is evident Rapid Innovation in Manufacture of Clean Meat. The Food Products sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Aleph Farms (Israel), Appleton Meats (Canada), Meatable (Netherlands), Meat-Tech (Israel), Balletic Foods (United States), BlueNalu (United States), Finless Foods (United States), Future Meat (United States), HigherSteaks (United Kingdom) and Kiran Meats (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 8th Dec 2020, Peace of Meat PV, a pioneering Belgian manufacturer of cultured avian goods, has announced that Meat-Tech 3D Ltd. has signed an agreement to purchase 100% of the share capital of Peace of Meat PV for EUR 15 million in cash and Meat-Tech ordinary shares. While Meat-Tech develops an industrial technique for cultivating and manufacturing genuine meat utilizing 3D bioprinting technology without harming animals, the Company believes it will be able to utilize Peace of Meat's innovations, particularly through new hybrid food items, to speed market launch.
- Environmentally Damaging Nature of Conventional Meat
- Need Of Sustainable Source of Meat
- Increasing Demand of Clean Meat to Ensure Animal Welfare
- Rapid Innovation in Manufacture of Clean Meat
- Complex Nature of Clean Meat Manufacturing
OpportunitiesGrowing World Population Is an Opportunity for Clean Meat Manufacturers and Increasing Awareness About Animal Brutality Will Boost the Demand of Clean Meat
ChallengesChallenging To Make Clean Meat Taste Similar to Conventional Meat and High R&D Expenses in The Production of Clean Meat
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the ReportAMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Clean Meat Study Sheds Light on The Clean Meat Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Clean Meat industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Clean Meat industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.
Frequently Asked Questions (FAQ):
1. What is the growth rate predicted for the Global Clean Meat Market?
The Clean Meat market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Clean Meat Market?
Top performing companies in the Global Clean Meat market are Aleph Farms (Israel), Appleton Meats (Canada), Meatable (Netherlands), Meat-Tech (Israel), Balletic Foods (United States), BlueNalu (United States), Finless Foods (United States), Future Meat (United States), HigherSteaks (United Kingdom) and Kiran Meats (United States), to name a few.
3. Which region dominated the worldwide market for Clean Meat in 2020?
North America is dominating the Clean Meat Market.