February 24, 2024
3D Printed Meat Market

The Global 3d Printed Meat Market Growth Is Driven By Rising Environmental Concerns

3D printed meat offers an promising alternative to conventionally produced meat as it significantly reduces the environmental impact of industrial meat production. 3D printed meat is produced through a process of extracting animal cells and bioengineering them through 3D bioprinting techniques to create structured meat products. As consumers become increasingly aware about the detrimental environmental effects of intensive animal agriculture, including greenhouse gas emissions, water pollution, and deforestation, the demand for environmentally-friendly and cruelty-free meat alternatives is on the rise. 3D printed meat has the potential to address these concerns while satisfying the demand for meat. The technology helps produce meat in a more sustainable and eco-friendly manner without requiring large-scale farming.

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 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends

One of the major trends in the 3D printed meat market is the shift towards more sustainable production methods. Traditional industrial meat production relies heavily on resource-intensive and pollution causing practices. However, 3D bioprinting techniques allow for precision production of meat with much smaller environmental footprint. Researchers are exploring the use of various cell sources, growth media, and biocompatible hydrogels to make the process more efficient. Companies are investing in lab-grown and hybrid methods that involve fewer livestock and land usage. There is also a growing focus on developing affordable 3D meat printers for commercial and domestic use. Plant-based protein sources are being evaluated as cell growth scaffolds. As environmental regulations tighten globally, the 3D printed meat industry is well-positioned to cater to rising demand for sustainable meat alternatives.

Porter’s Analysis

Threat of new entrants: Low barriers to entry for new players such as relatively low capital requirements and technology. However, established players have significant scale advantages.

Bargaining power of buyers: Buyers have moderate power as there are few substitutes for 3D printed meat. However, buyers can negotiate on price due to competitive environment.

Bargaining power of suppliers: Suppliers of raw materials have moderate-to-high power as key inputs like vegetable proteins and fats are limited in availability.

Threat of new substitutes: Threat of new substitutes is growing with alternative proteins from plant and cellular agriculture.

Competitive rivalry: Intense competition among existing players due to low differentiation. Market share is decentralized without dominant player.

Key Takeaways

The global 3D Printed Meat Market Share is expected to witness high growth over the forecast period. 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 2024-2031.

Regionally, North America captured the largest share of the market in 2020 and is expected to maintain its dominance over the forecast period. The growth can be attributed to high consumer awareness regarding meat alternatives and welfare of animals in countries like the US.

Key players operating in the 3D printed meat 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 International Players like Mohawk Industries, Interface Middle East, Beaulieu Flooring, Tarkett S.A., Balta Group, and Shaw Industries Group, Inc. amongst others. The key players are focused on product innovation and expansion to emerging economies to capitalize on lucrative growth opportunities.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it