Market Overview:
The global synthetic meat market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for meat products, especially in developing countries, and the rising awareness about the health benefits of consuming synthetic meat. The global synthetic meat market is segmented on the basis of type into chicken, beef, fish and other types. The chicken segment is expected to account for a major share of the global market due to its high demand in developed countries. However, with rising awareness about health benefits associated with consuming fish-based protein products, the fish segment is projected to grow at a higher rate during the forecast period. On the basis of application, direct sales accounted for majority share of revenue generated by sale channels in 2017; however indirect sales are projected register highest CAGR over 2018-2030 owing growing online retailing sector across globe . Other applications include institutional food service and home cooking segments which are collectively estimated account for significant revenue share over next decade . Regionally North America commanded largest revenue followed by Europe while Asia Pacific excluding Japan (APEJ) region anticipated exhibit fastest growth over outlook period .
Product Definition:
Synthetic Meat is produced artificially in a laboratory, using ingredients like plant proteins, fats and sugars. The advantages of synthetic meat over traditional meat are that it can be made without the environmental impact of raising livestock, and it can be customized to include specific nutrients or flavors. Synthetic meat is still in development, but it has the potential to provide a more sustainable and humane source of protein for humans.
Chicken:
The chicken is the most important animal for the vegetarian food producer. It's easy to grow, cheap and abundant source of protein makes it a preferred choice among all other meat forms. The growing demand for vegetarian food is expected to be one of the key factors driving market growth over the forecast period.
Growing health concerns coupled with rising disposable income are also expected to fuel industry growth in near future.
Beef:
Beef is the meat of bovine animals. Bovine animals are raised on farms for the production of beef. The primary characteristics that define beef include color, fatness, marbling score (a measure of maturity based on fat thickness), and cut (fresh or frozen). There are various types of cuts including chuck roast, round steak, plate roast, flank steak and flat iron.
Application Insights:
The other application segment includes food additives, pharmaceuticals, and cosmetics. The use of SPM in the food industry is expected to witness significant growth over the forecast period owing to rising demand for meat alternatives across various applications such as direct sales, indirect sales and others.
Direct sales accounted for more than 90% of total market volume in 2017 due to high product acceptance among consumers looking for healthy dietary supplements along with aesthetic appeal. Moreover, increasing number of retail outlets coupled with growing consumer awareness regarding benefits associated with synthetic products are further anticipated to propel market growth over the forecast period.
Indirect sales are expected to register a CAGR around 11% from 2018 through 2030 on account of factors such as limited availability in retail stores coupled with higher price compared to natural counterparts which may deter consumers from purchasing them on a large scale basis.
Regional Analysis:
Europe dominated the global market in 2017, accounting for more than 35% of the total revenue. The region is expected to witness a significant growth owing to increasing awareness about vegetarianism and veganism among people. Rising demand for meat alternatives as a result of growing health concerns among consumers is also anticipated to drive the regional market over the forecast period. Asia Pacific is projected to be one of the fastest-growing regions during the same period owing to rising disposable income levels and changing food habits especially in developing countries such as China, India, Thailand, Vietnam and Bangladesh.
Growth Factors:
- Increasing demand for meat substitutes owing to health concerns and animal welfare issues
- Rising disposable income of consumers in developing countries
- Growing awareness about the benefits of synthetic meat products
- Technological advancements in the field of synthetic meat production
- Expansion of retail networks and growing foodservice sector
Scope Of The Report
Report Attributes
Report Details
Report Title
Synthetic Meat Market Research Report
By Type
Chicken, Beef, Fish, Other
By Application
Direct Sales, Indirect Sales, Other
By Companies
BlueNalu, Bond Pet Food, Finelss Foods, Mephis Meats, New Age Meats, Wild Earth, Meatable, Mosa Meat, Cubiq Foods, Just, BlueNalu
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Synthetic Meat Market Report Segments:
The global Synthetic Meat market is segmented on the basis of:
Types
Chicken, Beef, Fish, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Direct Sales, Indirect Sales, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BlueNalu
- Bond Pet Food
- Finelss Foods
- Mephis Meats
- New Age Meats
- Wild Earth
- Meatable
- Mosa Meat
- Cubiq Foods
- Just
- BlueNalu
Highlights of The Synthetic Meat Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Chicken
- Beef
- Fish
- Other
- By Application:
- Direct Sales
- Indirect Sales
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Synthetic Meat Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Synthetic meat is a product made from plant-based materials that are not derived from animals.
Some of the major companies in the synthetic meat market are BlueNalu, Bond Pet Food, Finelss Foods, Mephis Meats, New Age Meats, Wild Earth, Meatable, Mosa Meat, Cubiq Foods, Just, BlueNalu.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Synthetic Meat Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Synthetic Meat Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Synthetic Meat Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Synthetic Meat Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Synthetic Meat Market Size & Forecast, 2018-2028
4.5.1 Synthetic Meat Market Size and Y-o-Y Growth
4.5.2 Synthetic Meat Market Absolute $ Opportunity
Chapter 5 Global Synthetic Meat Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Synthetic Meat Market Size Forecast by Type
5.2.1 Chicken
5.2.2 Beef
5.2.3 Fish
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Synthetic Meat Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Synthetic Meat Market Size Forecast by Applications
6.2.1 Direct Sales
6.2.2 Indirect Sales
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Synthetic Meat Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Synthetic Meat Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Synthetic Meat Analysis and Forecast
9.1 Introduction
9.2 North America Synthetic Meat Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Synthetic Meat Market Size Forecast by Type
9.6.1 Chicken
9.6.2 Beef
9.6.3 Fish
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Synthetic Meat Market Size Forecast by Applications
9.10.1 Direct Sales
9.10.2 Indirect Sales
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Synthetic Meat Analysis and Forecast
10.1 Introduction
10.2 Europe Synthetic Meat Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Synthetic Meat Market Size Forecast by Type
10.6.1 Chicken
10.6.2 Beef
10.6.3 Fish
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Synthetic Meat Market Size Forecast by Applications
10.10.1 Direct Sales
10.10.2 Indirect Sales
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Synthetic Meat Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Synthetic Meat Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Synthetic Meat Market Size Forecast by Type
11.6.1 Chicken
11.6.2 Beef
11.6.3 Fish
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Synthetic Meat Market Size Forecast by Applications
11.10.1 Direct Sales
11.10.2 Indirect Sales
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Synthetic Meat Analysis and Forecast
12.1 Introduction
12.2 Latin America Synthetic Meat Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Synthetic Meat Market Size Forecast by Type
12.6.1 Chicken
12.6.2 Beef
12.6.3 Fish
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Synthetic Meat Market Size Forecast by Applications
12.10.1 Direct Sales
12.10.2 Indirect Sales
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Synthetic Meat Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Synthetic Meat Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Synthetic Meat Market Size Forecast by Type
13.6.1 Chicken
13.6.2 Beef
13.6.3 Fish
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Synthetic Meat Market Size Forecast by Applications
13.10.1 Direct Sales
13.10.2 Indirect Sales
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Synthetic Meat Market: Competitive Dashboard
14.2 Global Synthetic Meat Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BlueNalu
14.3.2 Bond Pet Food
14.3.3 Finelss Foods
14.3.4 Mephis Meats
14.3.5 New Age Meats
14.3.6 Wild Earth
14.3.7 Meatable
14.3.8 Mosa Meat
14.3.9 Cubiq Foods
14.3.10 Just
14.3.11 BlueNalu
