by The global 3D printed meat market is estimated to be valued at US$ 179.01 Mn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. 3D printed meat, also known as cultured meat or clean meat, is produced by in-vitro cultivation of animal cells directly without the need to slaughter entire animals. It closely resembles conventional meat in terms of biological composition, sensory appeal, and nutritional values. As 3D printed meats are developed directly from animal cells without slaughtering living animals, they provide an ethically friendly and environmentally sustainable alternative to conventionally produced meats. The rising concerns over animal welfare and environmental impacts of intensive animal farming are fueling the demand for alternative protein sources such as 3D printed meat. Additionally, growing flexitarian and vegetarian population preferring meat-like alternatives is boosting the 3D printed meat market growth. The global 3D printed meat market is estimated to be valued at US$ 179.01 Mn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Advancements in 3D bioprinting technologies coupled with declining production costs are some of the major trends propelling the growth of global 3D printed meat market. Continuous R&D efforts by companies are helping develop new techniques to 3D print meat closer to conventional meat in texture, look and taste. For instance, researchers are developing hybrid bioprinting approaches combining different cell types, growth factors, and edible materials to fabricate complex meat alternatives. Commercialization of lab-grown meat products is gradually lowering production costs through economies of scale. Companies are establishing large-scale production facilities to mass-produce affordable 3D printed meat for consumers. Favorable regulatory environment and funding support from governments and organizations are encouraging private investments in cellular agriculture. If commercialized at competitive prices, 3D printed meat could emerge as a mainstream alternative to conventionally produced meat and capture a significant market share globally over the forecast period.
Porter’s Analysis
Threat of new entrants: Low – High capital requirements required for production facilities and obtaining necessary regulatory approvals pose significant challenges for new players to enter the market.
Bargaining power of buyers: High – Large buyers can negotiate lower prices due to the consolidated demand. However, differentiated products limit switching to alternatives.
Bargaining power of suppliers: Moderate – Suppliers of key materials like plant-based ingredients have some bargaining power, though availability of substitutes prevents price exploitation.
Threat of new substitutes: High – Alternatives like cultured meat are improving and may replace plant-based meat over time if proven cheaper or more sustainable.
Competitive rivalry: Intense – Large number of players competing for market share drives prices down and increases expenditures on R&D, marketing and distribution.
Key Takeaways
The global 3D Printed Meat Market Growth is expected to witness high growth over the forecast period.
Regional analysis:
Europe is also expected to grow at a significant rate driven by rising consumer awareness about environmental impact of traditional meat production. The region is focusing on developing local production capabilities through initiatives promoting alternative proteins.
Key players:
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 and International Players like Mohawk Industries, Interface Middle East, Beaulieu Flooring, Tarkett S.A., Balta Group, and Shaw Industries Group, Inc. Players are focusing on partnerships to take advantage of complementary strengths and capabilities.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
