by The 3D printed meat market involves products created by industrial 3D printers that are designed to reduce environmental impact and provide cheaper and healthier meat alternatives. 3D bioprinting uses living cells, support materials, and growth factors in precise arrangements to build edible structures that closely mimic the texture and taste of conventionally produced meat. Major applications include plant-based burgers, nuggets, sausages, and steaks made from non-GMO biomaterials like mycoprotein, soy, pea, and wheat protein.
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 Dynamics:
Growing consumer demand for plant-based meat alternatives is expected to drive the 3D printed meat market over the forecast period. As highlighted in the heading, the environmental and health benefits of cultivated meat relative to conventionally produced meat is attracting mainstream interest. 3D bioprinting allows for precise texturizing of plant materials to closely mimic the chew and bite of meat while reducing natural resource usage. This meets the rising global demand for sustainable and humane meat options without compromising on taste. Additionally, the cost of producing meat through 3D bioprinting should decrease as technology scales up, making cultivated varieties more price competitive with conventional meat. These factors are expected to lead to significant market opportunities for 3D printed meat over the forecast period.
Segment Analysis
The 3D printed meat market is dominated by the beef sub-segment which holds around 30% of the market share. Beef is the most preferred type of meat for 3D printed meat globally due to its widespread consumption and acceptability. The poultry sub-segment is expected to witness the fastest growth during the forecast period due to increasing demand for alternative chicken products.
PEST Analysis
Political: The 3D printed meat market involves regulations around food safety and technology approval which varies across regions. Favourable regulatory environment supporting cellular agriculture is boosting market growth.
Economic: Increasing meat consumption globally is driving demand for alternative meat production methods. 3D printed meat offers opportunities for sustainable and efficient meat production to meet rising demand.
Social: Changing consumer preferences towards more sustainable food options is positively impacting the market. However, higher costs currently limit mass acceptance of 3D printed meat products.
Technological: Advancements in bioprinting technologies and cellular agriculture are enabling production of complex meat structures. Increased investment in research is expected to lower costs and provide texture similar to conventional meat.
Key Takeaways
The global 3D Printed Meat Market Growth is expected to witness high growth over the forecast period supported by increasing investments and focus on developing viable commercial solutions.
Regionally, North America dominates currently due to presence of major players while Asia Pacific is projected to witness fastest growth owing to rising meat demand from countries like China and India.
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, Mohawk Industries, Interface Middle East, Beaulieu Flooring, Tarkett S.A., Balta Group, and Shaw Industries Group, Inc. Meawhile, Israel-based MeaTech 3D and Netherlands-based Mosa Meat are also actively working on cultured meat production technologies.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
