3D printed meat is an emerging technology that utilizes 3D printers to produce meat alternative products without slaughtering animals. It offers several advantages over traditional meat, including customized nutrition, reduced environmental impact, and accessibility.
The global 3D Printed Meat Market is estimated to be valued at US$ 206.33 billion in 2024 and is expected to exhibit a CAGR of 7.2% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The rapidly expanding market for plant-based meat alternatives is one of the key trends accelerating the growth of the 3D printed meat market. As consumer preference for sustainable food options increases, many consumers are shifting away from regular animal meat towards plant-based or lab-grown alternatives. 3D printed meat provides an environment-friendly and customizable meat option produced without harming animals. Several startups are leveraging 3D bioprinting technologies to manufacture vegetarian meat that resembles the texture and taste of conventional meat. For instance, the world's first tissue-engineered beef steak was developed by startup Memphis Meats in 2020. This has raised hopes of developing affordable and scalable cultivated meat using 3D bioprinting methods in the near future.
Segment Analysis
The global 3D printed meat market is dominated by the pork sub-segment currently. This is because pork cultivation needs significantly lesser land and resources as compared to beef. Also, pork meat has relatively lower production costs than beef. With pork meat being one of the most consumed varieties globally, the demand for 3D printed pork variants is also high. Going forward, as the technology progresses and production costs come down, the beef sub-segment is expected to gain market share steadily.
Key Takeaways
The global 3D Printed Meat Market Share is expected to witness high growth. The global 3D Printed Meat Market is estimated to be valued at US$ 206.33 billion in 2024 and is expected to exhibit a CAGR of 7.2% over the forecast period 2024 to 2031.
Regional analysis
The Asia Pacific region currently holds over 30% of the global 3D printed meat market share and is expected to maintain its dominance through the forecast period. This is due to a large population base, increasing meat consumption, and growing health awareness in the region. Within Asia Pacific, China and India are expected to drive maximum demand. The presence of major global meat producers also makes Asia Pacific a lucrative market for makers of 3D printed meat.
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 and Standard Carpets Ind.LLC..
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