3D printed meat, also known as cultivated meat or clean meat, involves growing animal muscle, fat and other cells in laboratories without slaughtering actual livestock. It has gained popularity as a sustainable and humane alternative to conventionally produced meat. 3D printed meat offers a similar taste, texture and nutritional profile compared to conventionally produced meat but avoids issues related to antibiotics overuse and animal welfare in the meat industry. The technology allows producing meat efficiently with minimal environmental footprint by precisely controlling cellular growth and limiting waste production.
The global 3D printed meat market is estimated to be valued at US$ 206.33 billion in 2024 and is expected to exhibit a CAGR of 7.2% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
With growing concerns about sustainability, health and ethics of conventional meat production, cultivated meat provides an attractive alternative for consumers. As a disruptive food technology, 3D printed meat has the potential to address many issues associated with traditional meat production. It significantly reduces land, water and carbon footprint of meat production. Along with environmental benefits, clean meat also addresses issues of animal welfare and reduces risks of food-borne illness. Rising demand for sustainable protein sources and benefits offered by cultivated meat indicate a huge market potential over the coming years. Major players in the industry are investing in research and development to scale up production and commercialize 3D printed meat to capture this sizable market opportunity.
Porter's Analysis
Threat of new entrants: The threat is moderate as the 3D printed meat market requires relatively high capital investment for R&D and production facilities. However, partnerships between manufacturers can lower the entry barriers.
Bargaining power of buyers: The bargaining power of buyers is moderate as the demands for alternative proteins increases. Buyers can negotiate lower prices or demand customized products.
Bargaining power of suppliers: Suppliers of raw materials like plant-based ingredients possess moderate power as they are fewer in number. Suppliers of 3D bioprinters have relatively high bargaining power.
Threat of new substitutes: The threat is high from plant-based meat alternatives as they mature. Cell-based meats can steal market share once commercialized.
Competitive rivalry: Intense as global players invest heavily in R&D to launch diverse and affordable 3D printed meat products.
SWOT Analysis
Strengths: Provides meat-like texture, taste and nutrition. Growing demand for sustainable meat alternatives.
Weaknesses: High production costs. Require specialized expertise and infrastructure. Limitations in replicating all qualities of conventional meat.
Opportunities: Scope to customize nutrition. Partnerships to monetize in cell-cultured and plant-based applications. Adoption inSPACEFOOD, defense and remote places.
Threats: Regulatory norms around novel foods. Established players in conventional and plant-based meat segments. Supply chain issues and quality standards.
Key Takeaways
The global 3D Printed Meat Market Share is expected to witness high growth at a CAGR of 7.2% during the forecast period of 2024-2031 to reach a market size of US$ 206.33 Bn by 2031 from US$ 74.16 Bn in 2024.
The Middle East region dominates the global market currently led by Saudi Arabia, UAE and Egypt. This is attributed to the growing health consciousness and demands for alternative proteins in the region. This is attributed to increasing demands for sustainable meat alternatives owing to rising health concerns and climate change issues. Growing millennial population open to vegan and hybrid lifestyles also favors market growth in the region.
Key players 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. Global players include Mohawk Industries, Interface Middle East, Beaulieu Flooring, Tarkett S.A., Balta Group, and Shaw Industries Group, Inc. The key players are focusing on R&D to develop advanced bioprinting technologies for replicating meat texture and flavors at lower costs. Partnerships with cell-cultured and plant-based meat companies can expand production capacities as well as market reach.
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