Europe Cultured Meat Market

Europe Cultured Meat Market (2023 - 2028):

The Europe Cultured Meat Market is worth USD xx million in 2022 and is expected to reach USD xx million by the end of 2028 with a CAGR of xx% between 2023 and 2028.

Product Description:

Cultured meat, also known as laboratory-grown meat or synthetic meat, is meat produced by in vitro culture of animal cells. It is a form of cell culture and does not depend on the sacrifice of animals. It is produced by tissue engineering and is relatively safe to consume with reduced contamination by bacteria such as E. coli and Salmonella. Cultured Meat is defined as laboratory-grown meat produced in a culture medium using various tissue engineering techniques. Cultured Meat is also known as clean meat, extracorporeal meat, and synthetic meat. Embryo production is achieved by accumulating the cells of the animals and growing them in a rich and favorable culture medium. Therefore, the final meat produced is grown in a strictly controlled and sterile environment, so it is completely free from harmful organisms. Cultured Meat occurs by taking various cells from an animal and growing them in a nutrient-rich medium. These cells have the ability to multiply enough that all cells can be used to produce large amounts of meat for the world's population in one year. As food manufacturers move ever closer to meat substitutes, Cultured Meats are making a breakthrough in the food and beverage industry.

Market Growth:

The growing demand for alternative proteins, advances in cell culture technology, and increased food safety help fuel the growth of the Europe Cultured Meat market.

Drivers:

The Europe Cultured Meat market is expected to grow in the forecast period due to driving factors such as advances in the field of cellular agriculture coupled with the increasing demand for alternative proteins. Some of the key factors contributing to market growth include the increasing demand for alternative proteins, advances in cell culture technologies, and food safety. This way of life has also been scientifically proven to be healthier than the traditional way of consuming food. Therefore, safer quality meat is a key factor in driving the market as consumer preferences move towards cleaner labels and a healthy lifestyle. Cultured Meat is considered a solution to the problem of factory farms. This type of meat has the potential to eradicate many environmental problems and improve animal welfare. This is a key factor driving the Europe Cultured Meat market during the forecast period 2022 - 2027 as consumer preferences move towards products that are environmentally friendly and promising for animal welfare. Cultured Meat is a cleaner solution than today's factory farms. These are some of the key factors driving the growth of the Europe Cultured Meat market. In addition, technological advances in cellular technology are another factor supporting the growth of the Europe Cultured Meat market. However, meeting the daily protein needs and the taste of meat products is also an important factor in the use of substitutes for animal meat. This is creating a favorable opportunity for the Europe Cultured Meat market. However, the high consumption of meat among consumers can create great income opportunities for players in the Europe Cultured Meat markets. Cultured Meat, eliminating the slaughter of animals, is a factor that is expected to drive growth in the Europe Cultured Meat market. They also produce Cultured Meat in a laboratory that provides a sterile environment. There are no harmful bacteria or potential illnesses. These are also factors that are expected to support the growth of the Europe Cultured Meat market in the near future. Furthermore, growing concerns about environmental sustainability and animal welfare are expected to drive the Europe Cultured Meat market during the forecast period. The shift in interest in animal welfare is another important factor driving the growth of the Europe Cultured Meat market. However, the growing carnivorous population in emerging economies offers significant growth opportunities for the Europe Cultured Meat market during the forecast period.

Restraints:

The strict regulatory environment and high installation costs are the limitations of the Europe Cultured Meat market during the forecast period 2022 - 2027. On the other hand, the market for Europe Cultured Meat is not yet produced on a large scale and is mainly sold in specialty stores and restaurants. This will be one of the main challenges that manufacturers will have to focus on the growth of the Europe Cultured Meat market. The high cost of investment is the biggest challenge slowing the growth of the Europe Cultured Meat market. In addition, Cultured Meat is developed by cells in the laboratory. This requires a great deal of expensive equipment and requires close supervision of the meat. Furthermore, mass production is another key challenge in the growth of the Europe Cultured Meat market.

Europe Cultured Meat Market Segmentation Analysis:

Depending on the source, the Europe Cultured Meat market is segmented into pork, beef, poultry, seafood, and duck. The poultry sector accounted for 36.19% of sales in 2021. Poultry was followed by beef by revenue in 2021, and pork is expected to grow the fastest during the forecast period of 2023- 2028.

According to the end-use, the Europe Cultured Meat market is segmented into burgers, nuggets, cold cuts, hot dogs, meatballs, and sausages. The nugget segment leads the farm meat market segmented by end-use industries. Meatballs are expected to follow the nugget segment in terms of revenue. Additionally, the burgers segment is expected to grow at the fastest rate during the forecast period compared to other categories in the segment.

Impact of COVID 19 on the Europe Cultured Meat Market:

Manufacturing facilities and laboratories have been closed due to the coronavirus outbreak due to shut-down and social distancing scenarios. Specialty stores and supermarkets had to close to implement social distancing, causing a slowdown in sales, disrupting the supply chain. The post-COVID-19 scenario is expected to benefit the Europe Cultured Meat market as sales and demand for conventional meat such as beef is cut in half. Changes in consumer purchasing patterns predicted increased use of farm and alternative meats due to the epidemic, as the initial source of the virus is considered meat products. Europe Cultured Meat is one of the emerging markets for the food and beverage industry and is produced mainly through microbial processes. Manufacturing and research and development work has been halted due to illnesses that could affect Europe's Cultured Meat production. In addition, after the coronavirus outbreak, consumer demand for food and lifestyle may have a major impact, which could be a major factor in the demand for Europe Cultured Meat in the future. Therefore, the Europe Cultured Meat market will have a moderate to high impact due to the COVID-19 pandemic.

Regional Analysis:

The European market for Cultured Meat, led by the UK, Germany, Spain, and France, represents huge opportunities for Cultured Meat as it helps reduce the environmental impact of livestock production. Increased innovation and development and high spending on efficient R&D are expected to drive UK cultured meat market growth. Health concerns over the consumption of meat products are driving the Spain culture meat market growth. The growing interest of investors in alternative proteins and the potential to provide the nutrition they need for personalized proteins is an important factor in the transition of consumers from traditional meat to Cultured Meat products is leveling up the demand of the Germany cultured meat market. The growing concern about animal cruelty towards meat production has had a valuable impact on the way consumers think about the consumption of meat products that lead the France Cultured Meat market.

Key Players in the Market:

Major key players in the Europe Cultured Meat include MosaMeat, Francisco-based Memphis Meats, Tel Aviv-based Super Meat, Brooklyn-based Modern Meadow, and Brooklyn-based Finless Food.