Artificial Meat Market COVID-19 Impact Analysis, Demands and Industry Forecast Report 2027
Artificial Meat Market Overview:
Artificial meat, also known as cultured meat or cell-based meat, is made from a small sample of animal tissue that is cultivated in a nutrient-rich environment to mimic the nutritional profile of traditional meat. Artificial meat is made from animal cells cultured in vitro rather than from murdered animals. It is classified as a type of cellular agriculture. Many of the same tissue engineering techniques used in regenerative medicine are employed to create artificial meat. Artificial Meat Market report is come up with the PESTLE analysis, PORTER's five force analysis and segment analysis on the basis of source, application and region.
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Artificial Meat Market Scope:
This market report makes extensive use of secondary sources, directories, and databases, such as annual reports, press releases, journals, company websites, and other databases, to discover and collect excerpts acceptable for this study.
Artificial Meat Market Segmentation:
By Source, the market is segmented as Poultry, Pork, Beef, Duck, and Others. The Poultry segment dominated the market with a 36.1% share in 2020. Because of the growing number of manufacturers in the artificial meat market, the cost-effectiveness of cultured chicken products compared to other sources, the accessible supply of protein, low-fat content, and minimal religious constraints, the poultry segment is expected to increase significantly. Rapid urbanisation, combined with the expanding popularity of poultry products in fast-food restaurants, has prompted producers to develop novel alternative items to suit rising customer demand. Due to this factor, this segment is witnessing rapid growth.
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Artificial Meat Market Key Players:
Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, CEOs, and marketing executives. The percentage splits, market shares, growth rate, and breakdowns of the global markets are determined by using secondary sources and verified through the primary sources. The biggest players in the Artificial Meat market are as follows:
- Appleton Meats (Canada)
- Fork & Goode (New York)
- Biofood Systems LTD (Israel)
- Mission Barns (California)
- BlueNalu, Inc. (California)
- Mutable (U.S)
- Seafuture Sustainable Biotech (Canada)
- Shiok Meats (Singapore)
- Wild Type (U.S)
- Lab farm Foods (U.S)
Artificial Meat Market Regional Analysis:
Individual market influencing elements and changes in market laws that influence present and future market trends are also included in the geographical overview of the Artificial Meat market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Artificial Meat Market:
Due to a break in operations, end-user sectors where Artificial Meat are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Artificial Meat manufacturers, affecting the development of the Artificial Meat market in 2020. End-user business demand for Artificial Meat has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.
Key Questions Answered in the Artificial Meat Market Report are:
- Which segment had the largest share in the Artificial Meat market in 2021?
- What is the competitive landscape of the Artificial Meat market?
- Which are the key drivers aiding the Artificial Meat market growth?
- Which region has the maximum share in the Artificial Meat market?
- What will be the CAGR of the Artificial Meat market during the forecast period (2022-2027)?
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