3D Printed Meat Is Estimated To Witness High Growth Owing To Opportunity For Sustainable Food Production

 

3D Printed Meat Market

3D printed meat, also known as cultivated meat or lab-grown meat, is produced by in vitro cultivation of animal cells, instead of slaughtering animals. It involves extracting cells from live animals and growing them into structured meat products. Compared to conventionally produced meat, 3D printed meat offers several benefits such as being more sustainable and environment friendly as it requires less land and water usage and emits lesser greenhouse gases. It also addresses issues related to food security and animal welfare. The global 3D printed meat market is estimated to be valued at US$ 179.1 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 Dynamics:

The 3D printed meat market is expected to witness significant growth over the forecast period owing to rising food security concerns. According to the UN, global population is projected to reach nearly 10 billion by 2050 which will require 70% more food production. Meanwhile, arable land and freshwater resources are under severe pressure. Additionally, production of conventionally produced meat poses huge burden on land and water resources coupled with greenhouse gas emissions. 3D printed meat offers a sustainable solution to these challenges by producing meat directly from animal cells thereby reducing the environmental footprint of meat production. Furthermore, rising health awareness about red meat consumption is also estimated to contribute to the demand for healthier 3D printed meat over the forecast period.

 

SWOT Analysis

Strength: 3D printed meat has the potential to address various sustainability issues associated with conventional meat. It reduces greenhouse gas emissions and land and water usage compared to traditional meat production. It can help meet the growing global demand for meat in an environmentally friendly manner.

Weakness: 3D printed meat is still an emerging technology and is not commercially viable at scale currently. The production process is complex and costly. 3D printed meat may not mimic the taste and texture of conventional meat which can reduce consumer acceptance.

Opportunity: With rising health and environment concerns, plant-based and cultured meat are gaining popularity. The 3D printed meat market presents an opportunity to offer meat that is more sustainable than traditional meat production. Growing meat consumption in developing regions also presents an opportunity for market expansion.

Threats: Traditional meat producers may view 3D printed meat as a threat and actively oppose its adoption. Stringent regulations around the production and labeling of cultured and artificial meat can delay commercialization. Consumers may prefer conventional meat due to taste preferences and sociocultural habits.

 

Key Takeaways

The Global 3D Printed Meat Market Size is expected to witness high growth over the forecast period supported by innovations to make the production more viable and affordable.

Regional analysis: Asia Pacific region shows high promise for 3D printed meat market. Countries like China, India have large population and rising affluence is driving demand for meat. However, traditional meat production places high pressure on land and water resources in these countries. Governments are promoting sustainable agricultural practices, providing an opportunity for alternative meat production methods like 3D printed meat to gain ground.

 

Key players: Key players operating in the 3D printed meat market include MeaTech 3D, Aleph Farms, Bifrozen Foods AB, Just, Inc., Fork & Goode, Avant Meats Company Limited, Integriculture Inc. MeaTech 3D is an Israeli company focused on developing industrial-grade cultured steak using its proprietary 3D bioprinting technology.

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