Asia Pacific Cultured Meat Market Size, Share & Industry Trends Analysis Report By Source (Poultry, Beef, Pork, Duck, and Seafood), By End Use (Burgers, Nuggets, Sausages, Meatballs, and Hot Dogs), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Cultured Meat Market would witness market growth of 10.8% CAGR during the forecast period (2022-2028).
Stem cells, or cells that can self-renew and develop, are the beginning inputs for cultured meat. Several methods exist for obtaining or obtaining stem cells for cultured meat production. Obtaining a cell sample from a live animal is the most typical procedure. It can be accomplished with minimally invasive techniques.
The method can be used to obtain various types of stem cells, including skeletal muscle stem cells, adipogenic stem cells, and mesenchymal stem cells. To develop additional products, stem cells can also be acquired by extracting a cell sample from certain organs. Cells from mammary glands, for example, can be utilized to make milk, and cells from livers can be used to make foie gras. Such cells could be obtained by biopsying a freshly slain animal whose tissue is still alive, which could be useful for determining religious adherence for instance, halal, kosher.
Pluripotent stem cells can be obtained from an embryo in its early stages. Reprogramming peripheral blood mononuclear cells or fibroblasts into induced pluripotent stem cells is possible. Such source cells are collected by methods like a cheek swab or a blood sample. In every case, the cells are obtained from healthy animals and come with thorough documentation that guarantees its traceability and quality.
Artificial meat has suddenly gained popularity in the region because various institution associated with plant based or vegan food are spreading awareness among people by expanding the benefits of cultured meat and other related products. For instance, China's perspective on artificial meat is unknown. In order to learn more about Chinese sentiments about fake meat, a survey was conducted. According to the responses of certain people, few of them were definitely willing to test artificial meat, respectively, while some were not willing to consume it on a regular basis and significant number of people were willing to pay less for it than conventional meat. Finally, a certain amount of people were accepting synthetic meat as a substitute for traditional meat. Emotional resistance, like the impression of absurdity of disgustingness, would prevent regular consumption of fake meat. The main worries were safety and unnaturalness, with less emphasis on ethical and environmental concerns than in Western countries. Artificial beef should be safe, palatable, and nutritious, according to over half of the respondents.
The China market dominated the Asia Pacific Cultured Meat Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $24,663.4 Thousands by 2028. The Japan market is anticipated to grow at a CAGR of 10.1% during (2022 - 2028). Additionally, The India market would display a CAGR of 11.5% during (2022 - 2028).
Based on Source, the market is segmented into Poultry, Beef, Pork, Duck, and Seafood. Based on End Use, the market is segmented into Burgers, Nuggets, Sausages, Meatballs, and Hot Dogs. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Upside Foods, Inc., Mosa Meat BV, Supermeat The Essence of Meat Ltd., Eat Just, Inc., Integriculture Co. Ltd., Aleph Farms, Finless Foods, Inc., Avant Meats Company Limited, and Future Meat Technologies Ltd.
Scope of the Study
Market Segments Covered in the Report:
By End Use
- Hot Dogs
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Upside Foods, Inc.
- Mosa Meat BV
- Supermeat The Essence of Meat Ltd.
- Eat Just, Inc.
- Integriculture Co. Ltd.
- Aleph Farms
- Finless Foods, Inc.
- Avant Meats Company Limited
- Future Meat Technologies Ltd.
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