New York, NY -- (SBWIRE) -- 02/19/2021 -- According to the current analysis of Reports and Data, the global Cultured Meat market is estimated to be valued at USD 15.29 Million by year 2021, and reach a value of USD 19.0 Million by year 2026, at an estimated CAGR of 4.4%. With the increase in global demand for meat, there is also a strong lookout for meat substitutes and alternative sources of protein. This can be associated with environment sustainability concerns coupled with rising focus on animal welfare and benefits offered by cultured meat. Advancements in cellular agriculture is also pushing the growth of synthetic meat forward. The market, despite its popular appeal, is still at an early stage due to obstructions such as long approval periods, huge and recurring funding requirements, and the slow rate of usable output. New scaffold developments are expected to be of crucial use in the market.

Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market. The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties. The report covers the initial and future assessment of the COVID-19 impact on the market.

Get a FREE Report Sample with Table of Contents and Figures @ https://www.reportsanddata.com/sample-enquiry-form/2021

Further key findings from the report suggest-

Synthetic poultry is the major driving factor behind the growth of the market. It has the most convenient in vitro production mechanism in comparison to its other source counterparts. This is due to its simplified cell structure that is easier to replicate in unnatural mediums.

Unmatched texture of cultured meat to the original is likely to pose as a challenge for the market. This factor will be crucial in shaping the consumer acceptance for cultured meat. Political affiliations are also expected to affect these acceptance levels.

Social and environmental sentiments are expected to be strong factors that will gradually increase the consumer acceptance for synthetic meat products, once they are offered in the market.

Artificial production of growth hormones can tackle the challenge of cost burden that restricts the growth of cellular agriculture. Using natural means for growth cost the companies extensively and such expensive products will fail in market penetration.

Burgers are expected to become a key revenue generating application for the industry, and they are expected to outgrow the demand for conventional burgers. Thus, plant-based meat will face tough competition from laboratory-produced burgers in the future.

Based on the regions, the report covers the following regions:

North America (U.S.A., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Competitive Terrain:

The global Cultured Meat market has a consolidated presence of a large number of companies that have been performing consistently to achieve optimum market growth. The report comprehensively discusses these companies' current market standing, past performances, demand & supply graphs, sales network, production & consumption patterns, and distribution channels. The report thus points out the effective business approaches undertaken by these market players to build on their market footprint.

The leading companies operating across the global Cultured Meat market are listed below:

Mosa Meat, Integriculture Inc., Aleph Farms, Finless Foods, Memphis Meats, Modern Meadow, Wild Earth Inc., Supermeat, and Future Meat Technologies, among others.

Source (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2026)

Poultry

Pork

Beef

Duck

Seafood

Turkey

Application (Revenue, USD Million; 2016–2026)

Nuggets

Burgers

Meatballs

Sausages

Hot Dogs

Others

To get an exclusive discount on the report, visit @ https://www.reportsanddata.com/discount-enquiry-form/2021

Radical Features of the Cultured Meat Market Report:

Valuable insights into the Cultured Meat market to impart an in-depth understanding of the business verticle

An 8-year forecast estimation along with an analysis of key elements of the market

Technological advancements, regulatory framework, and recent developments covered in the report

Growth analysis and projections until 2027

Statistical analysis of the key players operating in the Cultured Meat industry

Table Of Contents:

Chapter 1. Market Synopsis

Chapter 2. Executive Summary

Chapter 3. Indicative Metrics

Chapter 4. Cultured Meat Market Segmentation & Impact Analysis

Chapter 5. Cultured Meat Market, By Type Insights & Trends

Chapter 6. Cultured Meat Market, By Application Insights & Trends

Chapter 7. Cultured Meat Market, By End Use Insights & Trends

Chapter 8. Cultured Meat Market Regional Outlook

Chapter 9. Competitive Landscape

Chapter 10. Company Profiles

To Get This Report at a Lucrative Price, Click @ https://www.reportsanddata.com/checkout-form/2021

Thank you for reading our report. To know more about customization options, please get in touch with us. Our team will ensure the report is tailored to suit your requirements.  

Have a Look at Related Reports:

Venlafaxine Hydrochloride Market Share

Eye Care Products Market Growth

Left Ventricular Assist Device (LVAD) Market Trends

About Reports and Data:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.