The growing dependence of several industries such as food and beverages, textile, and pharmaceuticals on animal products is primarily driving the growth of the market. According to the TechSci report, “Cellular Agriculture Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global cellular agriculture market is expected to register significant growth during the forecast period of 2023-2027.
The Important Elements of the Cellular Agriculture Market
The market growth can be attributed to the rising application of cellular agricultural techniques to produce dairy products such as milk and eggs, meat, leather, fur, perfumes, and other animal-origin items without slaughtering them. Moreover, with the rapidly growing population, sustainable feeding is becoming one of the biggest challenges. Meat, fish, and chicken are essential sources of nutrition for several people, and their augmenting production is leading to adverse effects and environmental impacts such as increasing greenhouse emissions, degrading agricultural land, and adverse impact of traditional meat production on the environment. Therefore, the adoption of cellular meat is highly beneficial as it can fulfill the demand for protein without degrading the environment.
Moreover, governments of several nations are increasing their support for cellular agriculture practices by formulating favorable policies for the market players involved in the practice. Apart from this, the textile industry is rapidly shifting from cellular agriculture to sourcing animal skin for the manufacturing of handbags, jackets, and several other apparels. Moreover, rising awareness by several global animal welfare organizations has led to people considering a minimal or no animal product diet. All these aforementioned factors are anticipated to propel the global cellular agriculture market at a rapid pace in the coming years.
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The global cellular agriculture market is segmented by technology, application, end-user industry, competitive landscape, and regional distribution. Based on the technology, the market is divided into cell lines, growth media, scaffold materials, 3D tissue systems, and others.
By application, the market is bifurcated into dairy products, gelatin, fish, insects, and others. Among these, dairy products are expected to hold a prominent segment. This is primarily because a large number of the population consume dairy products on a daily basis. Growing veganism and health concerns among individuals along with the rising preference for a diet with added nutrients are augmenting the demand for products. Moreover, with the help of cellular agriculture, dairy food providers are able to cater to the propelling food demand of the surging population without impacting the environment.
Based on the end-user industry, the market is segmented into food & beverages, textile, pharmaceuticals, and others. Among these, the food and beverage segment is anticipated to hold a considerable market share. This can be attributed to the bolstering demand for food and the proliferating need to have a secure and sustainable farming alternative. The growing concerns about animal welfare and the adverse impact of traditional meat production methods on the environment have also pushed the governments of several nations to promote cultured meat consumption. Moreover, with the surging global population, food providers are looking for the best alternatives to cater to the rising demand for food in a sustainable manner. As a result, the food and beverage industry is likely to have a larger market share in the coming years.
A list of major market players in the global cellular agriculture market includes:
- Cell Ag Limited
- Eat Just, Inc.
- The EVERY Company (Clara Foods)
- Perfect Day, Inc.
- Aleph Farms
- SuperMeat
- UPSIDE Foods (Memphis Meats)
- BlueNalu, Inc.
- Formo GmbH
- Remilk
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“On the geographical front, North America is projected to hold a significant market share in the coming years. This can be accredited to the growing awareness regarding the benefits associated with healthy eating practices. Moreover, factors such as growing initiatives for animal welfare by several leading organizations such as PETA, environment safety, availability of plant-based meat products, and growing acceptance of plant-based meat products are adding to the region’s growth. Furthermore, cell-based meat products are projected to grow at a rapid pace as a nutritionally rich substitute with minimal impact on the environment. Apart from this, the overhaul of food systems has adversely impacted the ecology and has led to a number of challenges such as soil erosion, water scarcity, biodiversity loss, waste generation, diminishing arable land, etc. This has encouraged the manufacturers to participate increasingly in cellular agriculture practices and increase the production of cell-based meat products.” said Mr. Karan Chechi, Research Director, TechSci Research, a research-based global management consulting firm.
“Cellular Agriculture Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Technology (Cell Lines, Growth Media, Scaffold Materials, 3D Tissue Systems, Others), By Application (Dairy Products, Gelatin, Fish, Insects, Others), By End User Industry (Food & Beverages, Textile, Pharmaceuticals, Others), and Region” has evaluated the future growth potential of global cellular agriculture market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global cellular agriculture market.
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