Dublin, July 24, 2024 (GLOBE NEWSWIRE) -- The "Asia-Pacific Cultured Meat Market: Focus on Distribution Channel, Product Type, and Country - Analysis and Forecast, 2024-2033" report has been added to ResearchAndMarkets.com's offering.
The Asia Pacific cultured meat market, which is expected to be valued at $179 million in 2024, is anticipated to undergo substantial expansion, reaching an estimated $510.7 million by 2033.
Cultivated meat is poised to provide numerous benefits over traditional animal agriculture, thanks to its streamlined production process. Initial life cycle assessments indicate that cultivated meat consumes fewer resources and has the potential to mitigate pollution and eutrophication linked with agriculture.
Research indicates that cultivated meat produced using renewable energy could reduce greenhouse gas emissions by up to 92% and lower land use by up to 90% compared to conventional beef production. Furthermore, commercial production of cultivated meat is expected to be antibiotic-free, potentially reducing foodborne illnesses by minimizing exposure to enteric pathogens.
The Asia Pacific cultured meat market is emerging as a promising segment of the region's food business. Cultured meat, produced by cellular agriculture, provides a sustainable alternative to traditional livestock farming while drastically decreasing environmental impact and addressing food security concerns. With advances in biotechnology and rising consumer awareness of sustainability, Asia-Pacific (APAC) countries are looking into prospects in cultured meat production.
This breakthrough intends not just to address the growing demand for protein-rich diets, but also to encourage ethical animal treatment and minimize greenhouse gas emissions linked with traditional meat production. As APAC countries try to achieve food security and sustainability goals, investments and legislative support for cultured meat technologies are projected to expand, promoting a competitive market landscape and driving technological advancements in cellular agriculture within the region.
Market Segmentation
Segmentation by Distribution Channel
- Food Service and Fast Food Chains
- Retail
Segmentation by Product Type
- Poultry
- Beef
- Seafood
- Pork
- Others
Segmentation by Country
- China
- Singapore
- South Korea
- Australia
- Rest-of-Asia-Pacific
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different applications of the cultured meat products available based on distribution channel (food service and fast food chains and retail), product type (poultry, beef, seafood, pork, and others), ingredient type (plant-derived ingredient and animal-derived ingredient). The market is poised for significant expansion with ongoing technological advancements, increased investments, and growing awareness of cultivated meat as an alternative protein. Therefore, the cultured meat business is a high-investment and high-revenue generating model.
Growth/Marketing Strategy: The Asia Pacific cultured meat market has been growing at a rapid pace. The market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are mergers and acquisitions, product launches, partnerships and collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include partnerships and collaborations.
Competitive Strategy: The key players in the Asia Pacific cultured meat market analyzed and profiled in the study include cultured meat manufacturers that produce cultured meat. Additionally, a comprehensive competitive landscape such as partnerships, agreements, and collaborations are expected to aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysing company coverage, product portfolio, and market penetration.
Some of the prominent companies in this market are:
- Vow Group Pty Ltd
- Shiok Meats Pte Ltd
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 60 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value (USD) in 2024 | $179 Million |
| Forecasted Market Value (USD) by 2033 | $510.7 Million |
| Compound Annual Growth Rate | 12.3% |
| Regions Covered | Asia Pacific |
Key Topics Covered:
1 Markets
1.1 Emergence of Cultured Meat
1.2 Trends: Current and Future Impact Assessment
1.2.1 Trends: Overview
1.2.2 Rise in Adoption of Vegan Lifestyle
1.2.3 Emphasis on Environmental Sustainability
1.3 Supply Chain Overview
1.4 Research and Development Review
1.5 Regulatory Landscape
1.6 Market Dynamics Overview
1.6.1 Market Drivers
1.6.1.1 Increase in Demand for Alternative Protein
1.6.1.2 Increase in Awareness Related to Animal Cruelty in Meat and Dairy Industry
1.6.1.3 Increase in Investment and Funding of Lab-Grown Meat
1.6.2 Market Challenges
1.6.2.1 High Production Cost
1.6.2.2 Skepticism among Consumers
1.6.3 Market Opportunities
1.6.3.1 High Per Capita Meat Consumption and Imports in Countries
1.6.3.2 Growth in Approval Rates for Commercial Sales and Increase in New Product Launch
2 Regions
2.1 Regional Summary
2.2 Drivers and Restraints
2.3 Asia-Pacific
2.3.1 Regional Overview
2.3.2 Driving Factors for Market Growth
2.3.3 Factors Challenging the Market
2.3.4 Application
2.3.5 Product
2.3.6 China
2.3.7 Singapore
2.3.8 South Korea
2.3.9 Australia
2.3.10 Rest-of-Asia-Pacific
3 Markets - Competitive Benchmarking & Company Profiles
3.1 Next Frontiers
3.2 Geographic Assessment
3.2.1 Vow Group Pty Ltd
3.2.1.1 Overview
3.2.1.2 Top Products/Product Portfolio
3.2.1.3 Top Competitors
3.2.1.4 Target Customers
3.2.1.5 Key Personnel
3.2.1.6 Analyst View
3.2.1.7 Market Share
3.2.2 Shiok Meats Pte Ltd
3.2.2.1 Overview
3.2.2.2 Top Products/Product Portfolio
3.2.2.3 Top Competitors
3.2.2.4 Target Customers
3.2.2.5 Key Personnel
3.2.2.6 Analyst View
3.2.2.7 Market Share
4 Research Methodology
For more information about this report visit https://www.researchandmarkets.com/r/dytxzc
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