Cell-based Meat Market: Market Outlook
Since the evolution of the agriculture revolution, many new and innovative technologies have provided us the solution to feeding the substantially increasing population in the most efficient way possible across the globe. How to Feed the 9.8 Billion population by 2050 is the new and intense challenge that mankind is facing in this advanced technological era. Along with that the increasing climate change and its adverse effects on the environment and the entire human race. The humans need to analyses and use the markets coupled with the innovative technologies to find the solution to this problem. One of the most promising and emerging technology can be the solution to this challenge is cell-based meat.
Cell-based meat which is also known as the cultured meat or clean meat is unpretentious animal meat that is reproducing the physical and nutritional characteristics of the freshly prepared animal meat. This is because the cell-based meat is produced from the same cell types and have the same three-dimensional structure as the animal meat tissue. The cell-based meat is not the synthetic meat or the imitation meat, it is the real meat which is produced and grown from the cell of the animal in the laboratory using various technologies.
Growing meat from the cell of an animal instead of growing the whole animal is always beneficial in many ways for the market as well as for the environment. It is possible to cut down the many resources and grow the meat with few resources with less impact on the environment. The cell-based beef meat is estimated to decrease the land use by almost 95%, the climate change emissions up to 87%. The risk of contamination of the meat is also reduced owing to the fact that the cell-based meat is grown in clean laboratories and factories. The cell-based meat is also beneficial when it comes to the use of antibiotics. Thus the health risk of the meat consuming population is reduced substantially.
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Global Cell-based Meat Market: Market Segmentation
On the basis of Source, the global cell-based meat market has been segmented as,
On the basis of Technology, the global cell-based meat market has been segmented as,
- Cell Line Development
- Cell Culture Media
On the basis of End Use, the global cell-based meat market has been segmented as,
- Hot Dogs
- Pet Food
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Global Cell-based Meat Market: Market Participants
The market participants in the global cell-based meat market identified across the value chain include Aleph Farms, Cubiq Foods, Future Meat Technologies, Integriculture, JUST, Meatable, Memphis Meat, Mission Barns, Mosa Meat, New Age Meats, SuperMeat, Wild Earth among the other manufacturers of cell-based meat across the globe.
Opportunities for the Market Participants in the Cell-based Meat Market
In the current era of innovative technologies, it is possible to convert the concept of cell-based meat into reality. After the inception of the first cell-based beef meat hamburger by Mark Post, various companies have introduced their prototype using various sources such as chicken, pork, duck and others. The manufacturers in the cell-based meat market are facing the tough challenge of making the cell-based meat commercially available for the consumers. Another challenge that manufacturers are facing at very initial stages that includes the technological outlook of scaling up the production in less amount of time and making it available in very affordable pricing for the large population across the globe.
The manufactures of cell-based meat are emphasizing on the particular type of source. The poultry is the most common area of focus for most of the manufacturers of cell-based meat followed by beef meat. The 2 manufacturers are focused on cell-based pork meat.
It is believed that attaining the price parity is viable without investing and introducing the new technologies. The manufacturers are unable to provide the time frame that will require to introduce the commercial cell-based meat for the consumers. The anticipated top three companies in the global cell-based meat market which includes Memphis Meats, Cubiq Foods, and Mosa Meat have announced that they are expecting to introduce the cell-based meat products for selling in 2021. These companies have anticipated introducing these products with the premium prices initially. This will impact the market trend and market future of the cell-based meat and products over the forecasted period.
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