Chicago, Nov. 29, 2023 (GLOBE NEWSWIRE) -- The cultured meat market, also known as lab-grown or cell-based meat, is an emerging sector within the food industry that has gained considerable attention in recent years. Cultured meat is produced by cultivating animal cells in a controlled environment, cutting the need for traditional animal farming. This innovative approach aims to address various environmental, ethical, and health concerns associated with conventional meat production. According to MarketsandMarkets, the global cultured meat market size is projected to reach USD 0.2 billion in 2023 and USD 1.1 billion by 2034, at a CAGR of 16.5% from 2028 to 2034. In the next five years from 2023, the cultured meat market is projected to grow at 16.1% of CAGR.
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Requirement of Cultured Meat in the Poultry Segment
The need for cultured meat in the poultry segment arises from a combination of environmental, ethical, and economic considerations that are driving the exploration of alternative protein sources. Here are some key reasons for the interest in cultured meat within the poultry industry:
- Environmental Sustainability:
Reduced Environmental Impact: Conventional poultry farming is associated with significant environmental challenges, including deforestation, water pollution, and high greenhouse gas emissions. Cultured meat production has the potential to significantly reduce these negative environmental impacts by requiring less land, water, and energy compared to traditional poultry farming.
- Ethical Considerations:
Animal Welfare: Cultured meat addresses concerns related to animal welfare by ending the need for raising and slaughtering animals for meat production. This aligns with the growing consumer demand for more humane and ethical treatment of animals in food production.
- Resource Efficiency:
Optimized Resource Utilization: Cultured meat has the potential to use resources more efficiently. Traditional poultry farming involves the use of substantial amounts of feed, water, and land. Cultured meat production can be designed to use fewer resources, contributing to a more sustainable and resource-efficient food production system.
- Disease Control:
Reduced Disease Transmission: Poultry farming is susceptible to diseases that can affect both animals and humans. Cultured meat production can be conducted in a controlled environment, reducing the risk of disease transmission between animals and the potential for zoonotic diseases.
- Global Food Security:
Increased Protein Production: With a growing global population and increasing demand for protein, there is a need to find more efficient and scalable ways to produce meat. Cultured meat has the potential to contribute to global food security by supplying a reliable and sustainable source of protein.
- Technological Innovation:
Advancements in Biotechnology: The poultry industry can benefit from advancements in biotechnology and tissue engineering, which enable the production of high-quality cultured meat products. As technology continues to improve, the scalability and cost-effectiveness of cultured meat production in the poultry segment are likely to increase.
- Consumer Demand:
Changing Consumer Preferences: As consumers become more conscious of the environmental and ethical implications of their food choices, there is a growing demand for sustainable and cruelty-free alternatives. Cultured meat presents a choice that addresses these concerns while providing a familiar and popular protein source like poultry.
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Culinary Creativity Unleashed
At the heart of this cultural shift is the nuggets segment, benefitting immensely from the versatile nature of cultured meat technology. This innovation opens a realm of possibilities, allowing for the creation of a myriad of products with diverse flavors, textures, and ingredients. The nuggets segment serves as an ideal canvas for culinary creativity to flourish.
Cultured meat companies are at the forefront, diligently working to replicate the familiar taste and texture of traditional chicken nuggets, while also venturing into uncharted territory with unique, chef-inspired variations. This culinary innovation is striking a chord with consumers looking for novel and exciting dining experiences.
Diverse Offerings for Varied Tastes
Creative chefs and food scientists are pushing boundaries, experimenting with an array of seasonings, coatings, and cooking techniques to produce nuggets that cater to a spectrum of tastes. From classic comfort food enthusiasts to health-conscious consumers looking for gluten-free or low-fat options, the cultured meat nuggets segment is diversifying to meet evolving consumer preferences.
Furthermore, the potential for customization in nugget production, including the incorporation of specific flavor profiles, herbs, or spices, is broadening the appeal to a wider consumer base. As these products become more accessible and appealing to a broad audience, the nuggets segment within the cultured meat market is experiencing robust growth, driven by culinary innovation and product diversity.
US Market Dominance and Regulatory Support
In the global arena, the United States is poised to claim the largest market share in 2023, thanks to its dynamic environment fostering innovation, attracting investments, and supplying crucial regulatory support in the cultured meat sector. This supportive ecosystem has significantly reduced uncertainty and paved the way for substantial progress, exemplified by recent developments.
A milestone achievement in 2023 was the approval from the U.S. Agriculture Department (USDA) for the sale of lab-grown chicken products. This groundbreaking approval subjects cultured meat facilities to USDA inspection, aligning them with traditional meat processing plants.
Strategic Alliances and Market Entry
Pioneering companies like Upside Foods (formerly Memphis Meats) and Good Meat, a subsidiary of Eat Just Inc., are gearing up to introduce their cultured chicken products to the market. Opting for exclusive partnerships with renowned restaurants, such as Bar Crenn in San Francisco and a restaurant in Washington, D.C. owned by acclaimed chef Jose Andrés, these companies are strategically positioning themselves for successful market entry.
These regulatory approvals and strategic restaurant partnerships mark a significant milestone in the cultured meat industry in the United States. They underscore the government's commitment to supporting and regulating this innovative sector, while also creating pathways for cultured meat products to reach mainstream consumers through established foodservice channels.
Conclusion
As we navigate through 2023, the rise of cultured meat nuggets symbolizes a culinary revolution driven by innovation and diversity. With the United States leading the charge in regulatory support and market development, the cultured meat industry is on the cusp of mainstream acceptance. Major players such as Mosa Meat, UPSIDE FOODS, JUST, Inc., Integriculture Inc., and BioCraft, Inc. are shaping the future, offering a sustainable and delectable alternative to traditional meat production. The journey has just begun, and the tantalizing possibilities of cultured meat are set to redefine our culinary experiences.
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