Tuesday, November 29, 2022

Email id: support@kenresearch.com, Contact Us : +91-9015378249

Home Food Beverage and tobacco 3 Key Insights on Competitive Landscape in the Global Cultured Meat Market:...

3 Key Insights on Competitive Landscape in the Global Cultured Meat Market: Ken Research

Country-Niche Players Dominate the Market Holding nearly 70% of the Revenue Share Despite the Presence of about 100 Competitors Comprising Global Players, Regional Players, and Country-Niche Players find a recent market study on the Global Cultured Meat Market by Ken Research

Cultured meat, also known as cultivated meat, is animal meat that is produced by cultivating animal cells in laboratory conditions. Different kinds of techniques including cell culture media, scaffold-based techniques, and others are used to grow cultured meat.

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

1. Country-Niche players constitute ~90% of the Total Number of Competitors and hold ~70% of the Total Market Revenue

A comprehensive competitive analysis conducted during the Research Study found that the Global Cultured Meat Market is highly competitive with ~100 players which include globally diversified players, regional players as well as a large number of country-niche players who have their niche in the Cultured Meat Market. The regional players comprise ~8% in terms of the number of companies and hold about 25% of the market share. Key players in the market are focused on producing slaughter-free meat and are engaged in extensive research and development for advanced production methods or on reducing the prices of culture meat products to gain significant market share.

Competitive Landscape of Global Cultured Meat Market

2. Leading Players Gaining Investment for Research and Development of  Cultured Meat Products

Detailed comparative analysis of key competitors available within the Research Study shows that key players such as Upside Foods, Aleph Farms, and Eat Just, Inc. among others are highly focused on gaining investment as well as on getting approval for their cultured meat products to introduce it in the market. Furthermore, big giants like Cargill, Tyson Foods, and others are investing heavily in startups of cultured meat to speed up the research and development process of cultured meat products., which is expected to boost the growth of the Global Cultured Meat Market.

  • In January 2022, Tyson Foods announced the investment in Memphis Meats or Upside Foods, a food tech startup in cultured meat. Tyson aims for the investment to broaden its exposure to innovations and novel ways to produce meat to fulfill the growing demand for protein-rich products among consumers. Upside Foods aimed to use the investment to accelerate product development.
  • In December 2021, Future Meat, an emerging cultured meat company based in Israel, raised US$ 347 million in investment. The investment round was co-led by ADM, an undisclosed tech investor, and Manta Ray Ventures. The company aimed to build a large-scale production facility in the USA as well as focused on obtaining USA approval for its cell-based chicken.

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDY0

Comparison of Key Competitors and Revenue Share Global Cultured Meat Market

3. Increased Government and Manufacturers Initiatives Promote Cultured Meat Market Growth and Development 

  • In June 2021, the Chinese government announced a three-year government-funded initiative called “High-efficiency biological manufacturing technology of artificial meat”. Chinese government feels that cultured chicken production is in the national interest and thus funding various programs to accelerate the development process of cultured meat.
  • In December 2020, Eat Just, Inc., a manufacturer of healthier and more sustainable food products with the help of cutting-edge science and technology, gained its first regulatory approval for its cultured chicken from Singapore. The company aims to deliver tasty, nutritious, and safe cultured chicken products to consumers and to extend its product line.

For more information on the research report, refer to the below link:-

Global Cultured Meat Industry

RELATED ARTICLES

3 Key Insights on Competitive Landscape in Global Sugar Confectionery Products Market: Ken Research

Buy Now Country-Niche Players and Regional Players constitute ~65% and ~30% of market presence respectively Despite the Presence of about ~500 Competitors, find a Recent...

3 Key Insights on Competitive Landscape in the Global Smart Vending Machines Market – Ken Research

Buy Now Global Players Dominate the Market Holding ~40% Revenue Share Despite the Presence of about ~200 Competitors Comprising a large Number of Country-Niche Players...

3 Key Insights on Competitive Landscape in the Global Algae Products Market – Ken Research

Buy NowRegional Players Dominate the Algae Products Market, Despite the Presence of ~100 Competitors Comprising a Significant Number of Global and Regional Players, finds...

Most Popular

The Vietnam cold storage sector is expected to grow with strong traction, likely driven by import and export orders for medicines and vaccines: Ken...

Buy Now 1. Cold storage demand in Vietnam is high with 90% occupancy rate at nearly all facilities with highest share from export industry rather...

The Increase in Demand for Perishables, Changes in Consumption Patterns, and the pandemic hit are driving the South Africa Cold Chain Market: Ken Research

Buy Now Logistics and Shipping Industry was one of the worst-hit industries during the COVID-19 lockdown Due to the restriction on movement imposed during COVID-19,...

Banks are Predicted to Overpower the Vietnam Auto Finance Market Owing to Lower Interest Rates Compared to Other Financial Institutions – Ken Research

Buy Now 1. Issues such as supply chains, finance, and human resources during the pandemic, pressurizing businesses to adapt to new normal Due to the restriction...

Covid Recovery and Promotion of EVs Fueling Demand for Auto Finance in Qatar: Ken Research

1. Banks dominate the Qatar Auto Finance market owing to lower interest rate and flexible repayment tenors The Qatar Auto Finance Market is consolidated...