The Europe Cultured Meat Market would witness market growth of 9.8% CAGR during the forecast period (2022-2028).
Immature cells are triggered to differentiate into fat, skeletal muscle, and connective tissues by changes in the medium composition, which are often combined with cues from a scaffolding structure. After that, the differentiated cells are extracted, processed, and packed into finished goods. Depending on the type of meat being grown, the process could take anywhere from 2 to 8 weeks. To make milk and other dairy products, some companies are following a similar technique.
Cultivated meat is projected to have a number of advantages over traditional animal husbandry due to its more efficient production technique. For example, according to life cycle analyses, grown meat will consume much less land and water, generate lesser greenhouse gases and cut pollution and eutrophication associated with agriculture. Cultivated meat and other substitute proteins are expected to grab a large share of the $1.7 trillion traditional meat and fish business over the next few decades. Agriculture-related deforestation, antibiotic resistance, biodiversity loss, zoonotic disease outbreaks, and industrialized animal slaughter will all be mitigated by the move.
The negative consequences of meat consumption on animals, human health, and the environment, are more severe than ever in the European region. However some evidence suggests that meat consumption is declining in Europe, and consumers are often unwilling to reduce the meat consumption significantly. While vegetarianism was relatively low in France, unconstrained meat-eaters were a minority in Germany, and animal welfare was the most prevalent reason for meat reduction. Both countries have major markets for cultured meat, while German consumers are far more receptive than French ones.
Surprisingly, the acceptability of cultured meat is higher among meat workers and agricultural, showing that individuals’ closest to traditional meat production processes are more likely to favor alternatives. There has been evidence that pro-cultured meat messaging focusing on antibiotic resistance and food safety is more compelling than ones focusing on the environment or animals. Additionally, consumers predict that cultured meat that does not include genetically modified elements will be substantially more popular. Due to these aspects, the growth of the regional cultured meat market would augment during the forecast period.
The Germany market dominated the Europe Cultured Meat Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $21,578.8 Thousands by 2028. The UK market is poised to grow at a CAGR of 8.9% during (2022 - 2028). Additionally, The France market would display a CAGR of 10.6% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Cultured Meat Market Size will Hit $319.8 Million by 2028, at a CAGR of 10.2%
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.
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