DUBLIN, Nov. 23, 2022 /PRNewswire/ — The “The Global Market for Cultured Meat – Market Size, Trends, Competitors, and Forecasts (2022)” report has been added to ResearchAndMarkets.com’s offering.
By 2040, a projected 60% of the meat will be created from cells grown within bioreactors and sold across grocery stores and restaurants worldwide.
The rise of the cultured meat market will be supported by the sustainability of the process, as well as the industry’s ability to provide “tailor-made nutrition” through its meat and seafood products. Recent surveys indicate that nearly 50% of the consumers do not have any reservations about cultured meat. Over the next 10 to 20 years, the cultured meat market is projected to act as a major disruptor to the conventional meat market.
The number of startups focused on developing cultured meat (and the required cell culture media, supplements, and methods to produce them) has been rising year after year.
There are now an impressive 99 companies worldwide developing cultured meat components, services, and end-products, compared to only four in 2016. Additionally, nearly 40 life science firms have declared and formally launched products to supply market competitors with the essential inputs they need to support cultured meat and seafood production.
Because cultured meat is an early-stage industry, the language to describe it is evolving in real-time. Currently, company executives use a range of terms to describe the field, including but not limited to cultured meat, cultivated meat, cell-based meat, clean meat, cellular agriculture, and lab-grown meat, as well as slaughter-free meat and ethically grown meat, to a lesser extent. The potential of cultured meat has captured the imagination of investors, researchers, and consumers alike.
Although the cultured meat market is a nascent industry, 2020 was a landmark year because a cultured chicken product developed by the company Eat Just made its debut on a restaurant menu in Singapore, after the country’s food agency approved its sale to the public. The regulatory approval of this cellular food product within Singapore provides hope that other regulatory approvals could follow worldwide.
The flow of capital into the cultured meat industry has also grown substantially in recent years, reaching approximately $1.0 billion over the past 12 months. Additionally, investments in 2020 surpassed $360 million and this was six times (6X) greater than the amount that was invested in 2019.
Major investments within the cultured meat market have included Cargill’s investment into Memphis Meats and Aleph Farms, as well as Tyson Foods Venture Fund’s investments into Memphis Meats and Future Meat Technologies. Wealthy investors are also piling into the cultured meat market. For example, billionaires Bill Gates and Richard Branson joined with Tyson Foods, DFJ, Atomico, and Cargill to invest in the Silicon Valley start-up Memphis Meats.
The start-up company rose to fame when it produced the world’s first lab-grown meatballs made by cultivating cow muscle tissue within a sterile environment. Another notable name in cultured meat investing is Dr. Rick Klausner, who is a lead investor in the Dutch company Meatable. He is the former director of the U.S. National Cancer Institute (NCI) and former Executive Director of Global Health for the Bill & Melinda Gates Foundation.
The cultured meat industry also witnessed its first public-sector R&D funding awards within the U.S. and the European Union, and China signed a $300 million deal to buy lab grown meat produced in Israel in a deal that openly signals its intent to supply cultured meat to its population of 1.4 billion.
Key Topics Covered:
1. Cultured Meat Report Overview
2. Cultured Meat: History, Science, and Technology
3. Potential Benefits of Cultured Meat
4. Sensory and Nutritional Aspects of Cultured Meat
5. Culture Meat Production Technologies and Advances
6. An Analysis of Culture Medium Cost
7. Cultured Meat: Research Landscape
8. Cultured Meat: Patent Landscape
9. Cultured Meat: Investment Landscape
10. Cultured Meat Industry: Current Status
11. Cultured Meat Startup Landscape
12. Regulatory Landscape
13. Cultured Meat Market Size and Analysis
14. Cultured Meat Company Profiles
3D Bio-Tissues Ltd.
Agulos Biotech, LLC
Aleph Farms
Alife Foods
Ants Innovate
Artemys Foods
ArtMeat
Atomico
Avant Meats Company Limited
B.I.F.E. Laboratorios-Craveri
Back of the Yard Algae Sciences
Balletic Foods
Because Animals
Bene Meat Technologies AS
Biftek, Inc.
BioBQ
BioFood Systems
BioMilk, Ltd.
BIOMILQ
BioTech Foods
Blue Ridge Bantam
BlueNalu, Inc.
Bluu Biosciences
Boston Meats, Inc.
Bruno Cell SRL
Cargill
Cass Materials Pty Ltd.
CELL AG TECH
Cell Guidance Systems Ltd.
CELLINK
Cellivate Technologies
CellMEAT
Celltainer Biotech BV
Cellular Agriculture, Ltd.
CellulaREvolution
CellX
Clear Meat Private Limited
Core Biogenesis
Cubiq Foods
Cultured Blood
Cultured Decadence
DaNAgreen Co., Ltd.
Defined Bioscience, Inc.
DFJ
Dipole Materials
Diverse Farms
East Just, Inc.
Finless Foods, Inc.
Fork & Goode
Future Fields
Future Meat Technologies
Gelatex Technologies, Ltd.
HCS Pharma
Heuros
HigherSteaks
Hoxton Farms
Incuvers
Innocent Meat UG
IntegriCulture, Inc.
Jellatech
JOINN Biologics
KosmodeHealth
Lab Farm Foods
Luyef Biotechnologies
Magic Valley, Pty, Ltd.
MagicCavier
Matrix Meats
Meatable
MeaTech 3D Ltd.
Memphis Meats
Metalytics, Inc.
Mirai Foods AG
Mission Barns
Mogale Meat Co.
Mosa Meat
Multus Media
MyoWorks, Pvt. Ltd.
Mzansi Meat, Co.
New Age Meats
Novel Farms, Inc.
NUProtein Co., Ltd.
Orbillion Bio
ORF Genetics Ltd.
Ospin Modular Bioprocessing
Peace of Meat
Perfect Day Foods
Roslin Technologies Ltd.
Shiok Meats
SingCell Tx Pte. Ltd
SunP Biotech
SuperMeat
Tantti Laboratory, Inc.
TeOra
Tiamat Sciences
TissueByNET Co., Ltd.
TurtleTree Labs
Tyson Foods
Umami Meats
Unicorn Biotechnologies
Upside Foods, Inc.
Vivax Bio
Vow
White Board Foods
Wildtype
For more information about this report visit https://www.researchandmarkets.com/r/a08vqw
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