Global Clean Meat Market Size By Price Range, By Final Product, By Distribution Channel, By Geographic Scope And Forecast
Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Clean Meat Market Size By Price Range, By Final Product, By Distribution Channel, By Geographic Scope And Forecast
Clean Meat Market Size And Forecast
Clean Meat Market size was valued at USD 247.9 Million in 2023 and is projected to reach USD 592.69 Million by 2030, growing at a CAGR of 12.11% during the forecast period 2024-2030.
Global Clean Meat Market Drivers
The growth and development of the Clean Meat Market is attributed to certain main market drivers. These factors have a big impact on how Clean Meat is demanded and adopted in different sectors. Several of the major market forces are as follows
- Environmental Sustainability Generally speaking, the production of clean meat is thought to be more environmentally friendly than conventional cattle husbandry. It produces fewer greenhouse gas emissions and uses less natural resources including feed, water, and land.
- Animal Welfare and Ethics The desire for meat production techniques other than raising and killing animals is rising as a result of ethical concerns about the treatment of animals in traditional agricultural systems.
- Less Land and Water Use Using clean meat production can help solve the problems of deforestation, habitat loss, and water scarcity related to traditional agriculture by reducing the requirement for large tracts of land and abundant water supplies.
- Mitigating Zoonotic infections Conventional livestock farming raises worries about public health. However, the production of clean meat in a controlled setting lowers the risk of zoonotic infections, which can be transferred from animals to humans.
- Food Security and Population Growth The world’s food supply is under more and more strain as a result of population growth. The increasing need for protein may be satisfied with clean meat technology, which avoids the resource and environmental problems associated with conventional meat production.
- Consumer Demand for Ethical and Sustainable Products Ethical and sustainable food options are becoming more and more popular among consumers. Clean meat is in line with these ideals and draws customers who are aware of how their food choices affect the environment and society.
- Innovation and Technological Developments Continuous developments in tissue engineering, cellular agriculture, and biotechnology lead to the creation of more economical and successful processes for the production of clean meat, boosting its commercial viability.
- Less Dependency on Antibiotics The production of clean meat in regulated settings lessens the use of antibiotics, addressing worries about antibiotic resistance brought on by the extensive use of antibiotics in conventional animal farming.
- Global Initiatives and Investments The market growth for clean meat technology is accelerated by increased assistance from governments, non-governmental organizations, and private investors. This support includes investment for both established enterprises and startups.
- Mitigation of Climate Change The reduced carbon footprint of clean beef aids in international efforts to lessen climate change. Clean meat is a more environmentally friendly choice than traditional cattle husbandry since it uses less land and emits less methane emissions.
Global Clean Meat Market Restraints
The Clean Meat Market has a lot of room to grow, but there are several industry limitations that could make it harder for it to do so. It’s imperative that industry stakeholders comprehend these difficulties. Among the significant market limitations are
- Cost of Production Producing clean meat, which necessitates intricate procedures in a regulated setting, is expensive and is one of the main obstacles. In order to make clean meat competitive with traditional meat, production costs must be lowered.
- Scale-Up Challenges Increasing the production of clean meat to satisfy customer demand continues to be a major challenge. Reducing costs and increasing the accessibility of clean meat products need to achieve economies of scale.
- Technological Complexity The production of clean meat through tissue engineering and cellular agriculture involves intricate technical procedures. Significant research and development work is needed to create and optimize these technologies.
- Consumer Acceptance and Impression Taste, texture, and impression of the production process are some of the aspects that affect consumer acceptance of clean meat. Gaining widespread customer trust and overcoming skepticism are obstacles to market acceptance.
- Regulatory Approval and Compliance It’s critical to set up precise legal frameworks for the certification and labeling of items made from clean beef. Market entry and expansion may be slowed down by regulatory uncertainties and the requirement for compliance.
- Limited Product Variety Initially, only a few meat varieties, including beef, chicken, or fish, were the emphasis of clean meat manufacturing. It might take further investigation and development to increase the product diversity to include a wider selection of meats.
- Supply Chain IntegrationThere are logistical issues with integrating clean meat products into the current food supply networks. To succeed in the market, distribution channels must be established and supply chain integration must be executed with efficiency.
- Cultural and Regional Preferences The acceptance and uptake of clean meat in various markets may be impacted by cultural and regional preferences for particular meat varieties or conventional production techniques.
- Competitive Environment Conventional meat producers may oppose or face competition from the expanding clean meat industry. Existing agricultural industries and practices present obstacles for the industry.
- Public Education and Awareness The general public’s ignorance of the advantages and security of clean meat can impede the expansion of the industry. To educate consumers about clean meat’s benefits and technologies, educational initiatives are required.
Global Clean Meat Market Segmentation Analysis
The Global Clean Meat Market is Segmented on the basis of Price Range, Final Product, Distribution Channel, and Geography.
Clean Meat Market, By Price Range
- Premium Clean Meat Products Expensive, premium clean meat products that are of excellent quality.
- Mid-Range Clean Meat Products Goods that strike a mix between cost and quality.
- Cost-effective Clean Meat Options Reasonably priced clean meat selections aimed at people on a tight budget.
Clean Meat Market, By Final Product
- Clean Meat Burgers Clean meat, whether processed or not, is utilized to make burger items.
- Sausages made with clean meat Sausages made with clean meat.
- Nuggets of Clean Meat Tender, processed meat shaped like nuggets.
- Clean Meat Steaks Meat created in a lab and cut to mimic classic steak cuts.
Clean Meat Market, By Distribution Channel
- Retail Stores Grocery stores and supermarkets carry clean meat products.
- Foodservice and Restaurants Menus at food service and restaurant operations include clean meat.
- Online platforms These are e-commerce sites that sell clean meat products directly to customers.
Clean Meat Market, By Geography
- North America Particular market dynamics and inclinations among North American nations.
- Europe Factors such as legal requirements and preferred technology for the European market.
- Asia-Pacific Particular market dynamics and inclinations in the group.
- Latin America Elements impacting the markets of countries in Central and South America.
- Middle East and Africa Demands and market trends are unique to these two regions.
Key Players
The major players in the Clean Meat Market are
- Memphis Meats (US)
- Eat Just, Inc. (US)
- Mosa Meat (Netherlands)
- Future Meat Technologies (Israel)
- Aleph Farms (Israel)
- Finless Foods (US)
- BlueNalu (US)
- New Harvest (US)
- JUST Egg (US)
- Believer Meats (Singapore)
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2020-2030 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2030 |
HISTORICAL PERIOD | 2020-2022 |
UNIT | Value (USD Million) |
KEY COMPANIES PROFILED | Memphis Meats (US), Eat Just, Inc. (US), Mosa Meat (Netherlands), Future Meat Technologies (Israel), Aleph Farms (Israel), Finless Foods (US), BlueNalu (US), New Harvest (US) |
SEGMENTS COVERED | By Price Range, By Final Product, By Distribution Channel, And By Geography |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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