3D printed meat, also known as cultured meat or clean meat, involves growing animal meat directly from animal cells without the need to slaughter livestock. It offers the same sensory properties as conventional meat but is produced under controlled conditions in a lab. The process is more sustainable and avoids problems associated with conventional livestock farming such as pollution, greenhouse gas emissions, and inefficient land and water usage. 3D printed meat can be customized in terms of texture, fat content and other attributes and offers a healthier and eco-friendly alternative to traditional meat. The global 3D Printed Meat Market is estimated to be valued at US$ 179.1 Mn in 2024 and is expected to exhibit a CAGR of 7.2% over the forecast period 2024-2030, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
The opportunity for sustainable food production through 3D printed meat is expected to drive significant growth of this market during the forecast period. Rising concerns over animal welfare and environment sustainability has increased the demand for alternative cultured meat products. 3D printed meat can help meet the growing demand for meat while addressing issues related to resource constraints of conventional meat farming. It allows producing meat in a controlled, sterile and resource efficient manner. If commercialized on a large scale, 3D printed meat can play a vital role in solving the food security challenges stemming from population growth without requiring much agricultural land or livestock grazing land. The ability to customize 3D printed meat as per consumer needs and preferences also widen its market appeal.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate as 3D printed meat manufacturing requires substantial investments in R&D and production facilities. However, new startups can disrupt the industry with innovative technologies.
Bargaining power of buyers: The bargaining power of buyers is high given the availability of substitutes such as traditionally produced meat. Buyers can easily switch to alternatives if prices increase.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as key inputs such as cells, growth factors and bioreactors have few substitute options and suppliers have some control over pricing.
Threat of new substitutes: The threat of new substitutes is high as traditional meat and plant-based meat can substitute 3D printed meat. Innovation in these alternative sectors may decrease the demand for 3D printed meat.
Competitive rivalry: The competitive rivalry is high considering increasing competition between large producers for market share.
SWOT Analysis
Strengths: Production of meat without slaughtering animals allows for targeting ethical consumers and developing meat for space travel or disaster relief. It consumes less resources and land compared to traditional meat production.
Weaknesses: High production costs compared to traditional meat limits mass commercialization. Complex production process and lack of standardized regulations pose challenges.
Opportunities: Growing global population and income levels boost demand for meat, representing opportunity for 3D printed variants. Developing customized meat products could widen the appeal.
Threats: Limited consumer acceptance and 'unnatural' perception may impede growth. Stringent regulations on food additives and safety pose compliance issues.
Key Takeaways
The Global 3D Printed Meat Market Size is expected to witness high growth over the forecast period.
Regionally, North America dominates currently due to presence of major players and government support for research. However, Asia Pacific is expected to register fastest growth with rising meat demand from China and India coupled with investments in new technologies.
Key players operating in the 3D printed meat market are Al Sorayai Group, Abdullatif Carpets, Al Mira Carpet Factory, Abu Dhabi National Carpet Factory, Mac Carpet, Prado Egypt For Carpet, Gheytaran Carpet, Oriental Weavers, Standard Carpets Ind.LLC., Saida Carpets, Dormina, Mohawk Industries, Interface Middle East, Beaulieu Flooring, Tarkett S.A., Balta Group, and Shaw Industries Group, Inc. Companies are investing in R&D to improve taste and texture of 3D printed products. Partnerships with cell suppliers and strategic acquisitions are also witnessed to strengthen market presence.
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