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Pulished Date February, 2020
ID: 9772
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Middle East and Africa Cultured Meat Market Analysis by Source (Poultry, Beef, Seafood, Pork, and Duck), End-Use (Nuggets, Burgers, Meatballs, Sausages, Hot Dogs), and By Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA) – Size, Share, Trends, Growth, Forecast (2020-2025)

Pulished: February, 2020
ID: 9772
Pages: 135

Middle East and Africa Cultured Meat Market Growth and Forecast (2020-2025):

The Middle East and Africa Cultured Meat Market size was assessed at US$ xx million in 2020, and it is determined to reach a valuation of US$ xx million by 2025 with an annual rate of xx% between 2020 and 2025.

Market Overview:

Cultured meat is produced in animal cells with modern technology, without killing animals. It is the preferred solution to increase meat demand worldwide. The meat is grown in a nutrient-rich medium by feeding different cells to different animals. These cells can be significantly increased and single cells can be used to make large amounts of meat. Embryogenesis is produced by taking a few cells from an animal and growing it in a nutrient-rich medium. These cells have the ability to use each cell to make a large amount of meat for the global population for a year. Various steps need to be taken to make this meat large.

Middle East and Africa Cultured Meat Market Growth:

Cultured meat is a novel trend in the food and beverage industry, food makers are increasingly concentrating on meat re-establishment products, which will fuel this regional business in the future.

Drivers:

As consumer demand for environmental sustainability grows as demand for grows, it will be a key factor in stimulating future Middle East and Africa Cultured Meat market growth. The trend of investment in various industries due to the development of technology culture is expected to be another driving force in promoting the Middle East and Africa market growth in the near future. The first burgers grown in the lab were expensive, but soon the researchers developed cheaper artificial meat and tasted better. These are just some of the opportunities that have led to the growth of the Middle East and Africa Cultured Meat market in the coming years. In addition, with the development of technology, culture meat production is expected to increase in the future. The growing concern about animal abuse for meat production has had a valuable impact on the way consumers think about meat consumption. The Middle East and Africa Cultured Meat market is determined by the growing consumer preference for the use of alternatives to animal products. This creates a favorable opportunity for the cultured meat market in this area. However, meeting the daily protein requirements and taste of meat products is also an important factor in using animal meat substitutes. The developed region is seeing an increase in the consumption of meat analog products, which is one of the driving forces in the region's aquaculture meat market. To maintain Middle East and Africa Cultured Meat production technology and product growth, manufacturers are working strategically with other industries. This will provide good growth opportunities for years to come.

Increased consumption of meat and increased demand for nutritious meat is expected to contribute to market growth over the forecast period. Various factors that are expected to lead the Middle East and Africa Cultured Meat industry are leaning towards cell agriculture innovation and animal welfare and environmental sustainability. Currently, the initial cost of laboratory-harvested meat is higher than that of traditional meat, and further commercialization of farm meat is expected to lead to lower prices and an increase in sales over the forecast period. The rise in protein consumption is foreseen to offer numerous opportunities for meat processors and food companies that invest in alternative meat proteins like cultured meat. The Middle East and Africa Cultured Meat industry is focused on improving community awareness of cell culture technology and laboratory-grown meat technology in existing startups. This creates more market scenarios that favor the global aquaculture market. Cultured meat has been one of the major research projects of the past decade, which will soon bring more potential to the market. As demand for meat re-establishment products grows, especially in developed countries, cultured meat producers are gaining the opportunity to grow in the Middle East and Africa Cultured Meat market.

Restraints:

The Middle East and Africa Cultured Meat market is still largely unproductive and is available mainly at specialized aquaculture stores and restaurants. This is one of the major challenges that manufacturers face in contributing to the growth of the Middle East and Africa Cultured Meat market in the near future. The availability of alternatives to laboratory-grown meats and the high cost of these products are key factors that are hindering the growth of the Middle East and Africa market during the outlook period. High prices and lack of awareness are key factors preventing the growth of the Middle East and Africa market.

Middle East and Africa Cultured Meat Market Segmentation Analysis:

By Source:

  • Poultry   
  • Beef        
  • Seafood 
  • Pork         
  • Duck    

By End-Use:

  • Nuggets 
  • Burger    
  • Meatballs
  • Sausages
  • Hot Dogs

Impact of COVID 19 on the Middle East and Africa Cultured Meat Market:

Cultured Meat is one of the emerging markets in the food and beverage industry and is produced primarily through microbial processes. Manufacturing and research and development work was suspended due to diseases that could affect culture meat production. Also, the food needs and lifestyles of consumers had a major impact after the coronavirus outbreak, which significantly increased the demand for culture meat. Therefore, the cultured meat market has a medium to high impact due to the COVID-19 disease pandemic.

Regional Analysis:

The rapid growth of Cultured Meat in Africa has given investors the opportunity to consume more red meat in the area. There is a high demand for beef in the region in Zambia and there is a strong supply for it. As a result, the African beef market is experiencing strong growth due to Zambia. South Africa is considered the largest producer of poultry, followed by Egypt, Morocco and Nigeria. There is a cultured meat product that is inexpensive and an excellent source of animal protein intake. Over the years, as South Africa's average income growth and steady economic growth have led to a significant increase in cultured meat demand, consumers have opted for a protein-rich diet. For this reason, the Middle East and Africa Cultured Meat market continues to grow in the anticipated period.

Key Players in the Market:

Major key Players in the MEA Cultured Meat Market are

  • Appleton Meats                      
  • Higher Steaks                           
  • Biofood Systems LTD                             
  • Fork & Goode                           
  • Aleph Farms Ltd                      
  • Finless Foods Inc                     
  • Avant Meats Company Limited                         
  • Balletic Foods                           
  • Future Meat Technologies Ltd                           
  • Mission Barns     

1. Introduction                         

          1.1 Market Definition                

          1.2 Scope of the report             

          1.3 Study Assumptions             

          1.4 Base Currency, Base Year and Forecast Periods            

2. Research Methodology                    

          2.1 Analysis Design                  

          2.2 Research Phases                 

                   2.2.1 Secondary Research

                   2.2.2 Primary Research    

                   2.2.3 Data Modelling       

                   2.2.4 Expert Validation    

          2.3 Study Timeline          

3. Report Overview                   

          3.1 Executive Summary             

          3.2 Key Inferencees                  

4. Market Dynamics                            

          4.1 Impact Analysis                  

                   4.1.1 Drivers         

                   4.1.2 Restaints     

                   4.1.3 Opportunities         

          4.2 Regulatory Environment                

          4.3 Technology Timeline & Recent Trends               

5. Competitor Benchmarking Analysis                     

          5.1 Key Player Benchmarking               

                   5.1.1 Market share analysis       

                   5.1.2 Products/Service    

                   5.1.3 Regional Presence   

          5.2 Mergers & Acquistion Landscape             

          5.3 Joint Ventures & Collaborations               

6. Market Segmentation                      

          6.1 Cultured Meat Market, By Source             

                   6.1.1 Poultry         

                   6.1.2 Beef   

                   6.1.3 Pork   

                   6.1.4 Seafood       

                   6.1.5 Duck  

                   6.1.6 Market Size Estimations & Forecasts (2020 - 2025) 

                   6.1.7 Y-o-Y Growth Rate Analysis       

                   6.1.8 Market Attractiveness Index       

          6.2 Cultured Meat Market, By End-Use          

                   6.2.1 Nuggets       

                   6.2.2 Burgers        

                   6.2.3 Sausages      

                   6.2.4 Meatballs     

                   6.2.5 Hot Dogs     

                   6.2.6 Market Size Estimations & Forecasts (2020 - 2025) 

                   6.2.7 Y-o-Y Growth Rate Analysis       

                   6.2.8 Market Attractiveness Index       

7. Geographical Landscape                            

          7.1 Regional Identity Governance and Administration Market, by Region           

          7.2 Middle East and Africa - Market Analysis (2020 - 2025)                 

                   7.2.1 By Country   

                             7.2.1.1 Middle East

                             7.2.1.2 Africa

                   7.2.2 By Source     

                   7.2.3 By End-Use  

8. Key Player Analysis                         

          8.1 Memphis Meats                  

                   8.1.1 Business Description        

                   8.1.2 Products/Service    

                   8.1.3 Financials     

                   8.1.4 SWOT Analysis       

                   8.1.5 Recent Developments       

                   8.1.6 Analyst Overview    

          8.2 MosaMeat                 

          8.3 Just, Inc          

          8.4 Finless Foods Inc                

          8.5 Balletic Foods            

          8.6 Appleton Meats         

          8.7 Higher Steaks            

          8.8 Biofood Systems LTD          

          8.9 Mission Barns           

          8.10 Cubiq Foods            

9. Market Outlook & Investment Opportunities                            

Appendix                        

          List of Tables                  

          List of Figures                 

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The Segment-level analysis in terms of By Source, End-use and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

 

 

  1. Middle East and Africa Cultured Meat Market By Source, From 2020-2025 ( USD Billion )
  2. Middle East and Africa Poultry Market By Region, From 2020-2025 ( USD Billion )
  3. Middle East and Africa Beef Market By Region, From 2020-2025 ( USD Billion )
  4. Middle East and Africa Pork Market By Region, From 2020-2025 ( USD Billion )
  5. Middle East and Africa Seafood Market By Region, From 2020-2025 ( USD Billion )
  6. Middle East and Africa Duck Market By Region, From 2020-2025 ( USD Billion )
  7. Middle East and Africa Cultured Meat Market By End-Use, From 2020-2025 ( USD Billion )
  8. Middle East and Africa Nuggets Market By Region, From 2020-2025 ( USD Billion )
  9. Middle East and Africa Burgers Market By Region, From 2020-2025 ( USD Billion )
  10. Middle East and Africa Sausages Market By Region, From 2020-2025 ( USD Billion )
  11. Middle East and Africa Meatballs Market By Region, From 2020-2025 ( USD Billion )
  12. Middle East and Africa Hot Dogs Market By Region, From 2020-2025 ( USD Billion )
  13. Middle East Cultured Meat Market By Source, From 2020-2025 ( USD Billion )
  14. Middle East Cultured Meat Market By End-Use, From 2020-2025 ( USD Billion )
  15. Africa Cultured Meat Market By Source, From 2020-2025 ( USD Billion )
  16. Africa Cultured Meat Market By End-Use, From 2020-2025 ( USD Billion )

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