Lab-Based Meat Market Global Analysis 2020 to 2027

Research Reports

Jan 20, 2021

An Overview of the COVID-19 Impact on this Market

Global Lab-Based Meat Market is thriving even during the trying period of the COVID-19 pandemic. The market demand is growing worldwide, and the players are seizing the opportunity of the reinvigorating economic stimulus package. The outbreak is, in fact, helping to drive the lab-based meat market, presenting an opportunity to factor climate change into the industry. The market is projected to continue to grow, undeterred by the COVID-19 pandemic.

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Competitive Landscape

Players leading the Global Lab-Based Meat Market include Mosameat (Netherlands), Finless Foods (US), Just, Inc. (US), SuperMeat (Israel), Memphis Meats (US), Integriculture Inc. (Japan), Biotech Foods (Spain), Future Meat Technologies (Israel), Higher Steaks (UK), Aleph Farm (Israel), among others.

Industry/innovation/Related News

April 27, 2020 – Beyond Meat Inc. (the US), a leading producer of plant-based meat substitutes, announced its debut in the Chinese market through a partnership with the coffee giant Starbucks Corp. BYND plant-based menu, including Beyond Meat lasagna and a Beyond Beef Spicy & Sour Wrap, is launched by Starbucks in China. The move marks an important milestone of Beyond Meat, advancing its goal of increasing accessibility to plant-based protein globally.

Market Segment

The market has been segmented into three dynamics:-

By Source: Poultry, Pork, Beef, and others.

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Geographical Analysis

Europe stands second in the global lab-based meat market, driven by the changing food consumption pattern. Besides, factors such as the high consumption of convenience food, increasing veganism, and the demand for plant-based animal protein are projected to foster the regional market growth. Moreover, high production volume and a large number of production & consumer bases in the region help the European market to generate high revenue pockets on a global level.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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