3D Printed Cultured Meat Gains Popularity: Business Research Report
18 December 2021: According to The Business Research Company’s research report on the cultured meat market, meat made from 3D printed cells is gaining popularity among meat production companies to create precise digitally printed structures. 3D printed cultured meat has evolved in recent months to develop 3D printed hybrid cells and plant-based meats.
In December 2020, Meat-Tech 3D, an Israel-based company engaged in developing methods for cultivated meat using 3D printing acquired Peace of Meat for $17.80 million. Peace of Meat developed a stem-cell bioreactor for cultivating fats from the chickens and ducks without harming the animals. Through this acquisition, Meat-Tech will leverage Peace of Meat technologies including new hybrid food products to accelerate market entry as Meat-Tech develops industrial processes for farming and manufacturing.
Cultured Meat Global Market Report 2021 – COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provide cultured meat market overviews, cultured meat market analyze and forecast market size and growth for the whole market, cultured meat market segments and geographies, cultured meat market trends, cultured meat market drivers, cultured meat market restraints, cultured meat market leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.
The global cultured meat market size is expected to grow from $110.09 million in 2020 to $127.67 million in 2021 at a compound annual growth rate (CAGR) of 16%. The growth of the cultured meat market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The cultured meat market is expected to reach $275.59 million in 2025 at a CAGR of 21.2%.
The main types of cultured meat are poultry, beef, seafood, pork, and duck. Poultry is a type that raises the birds for commercial purposes eggs, feathers, etc. The meat cells are procured from the poultry and grown in the lab for cultured meat. The cultured meat is used by household or food services for cooking nuggets, sausages, burgers, hot dogs, meatballs, and others.
North America was the largest region in the cultured meat market in 2020. The regions covered in the cultured meat market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Major players in the cultured meat market are Memphis Meats, MosaMeat, SuperMeat, Integriculture Inc., Aleph Farms, Finless Foods, Mission Barns, Lab Farm Foods, Future Meat Technologies, Avant Meats Company, Biofood Systems, Meatable, Redefine Meat, Vow Foods, and Modern Meadow.
