Consumer Goods & Retail

Global 3D Printing Plant-Based Meat Market

March 12, 2022
ID: SR/CG-99
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Pages:220

Global 3D Printing Plant-Based Meat Market By Meat Type (Red Meat, Poultry, Pork and Seafood), By End-User (Government, Residential and Commercial), By Region (North America, Europe, Asia-Pacific, South America)-Global Forecast to 2028.

Description

The global 3D printing plant-based meat market was valued at USD 115.6 Million in 2021, and it is anticipated to reach USD 295.6 Million in 2028 with a CAGR of 18 % during the forecast period of 2022-2028. It is catching a considerable enlargement due to the growing vegan and flexitarian people worldwide, increasing attention about the health benefits of 3D printing plant-based meat over animal meat, and increasing government initiatives and significant investments causing the global market.

What is 3D Printing Plant-Based Meat?

Redefining meat utilizes 3D printers and “ink” to “print” the steaks. The company desires to sell the printers and the cartridges to meat distributors worldwide, who will print and circulate the meat once delivered. The “ink” is created of plant-based elements equal to what a cow eats. It includes proteins from legumes and grains to make the muscle consistency of the alternative meat; it also includes fats from the plants to simulate the beef fat and natural flavors and colors to mimic the blood factor in meat and its juiciness. Redefine meat’s range of products, called New Meat, now contains the whole cuts, plus burgers, sausages, lamb kebabs, and ground beef as it hopes to become “the world’s biggest meat company by showing every single cut that a cow does.”

Growth Drivers

Increasing Awareness about the Health Benefits Delivered By 3D Printing Plant-Based Meat over Animal Meat

The plant-based movement increases, enabling people to eat more fruits, vegetables, legumes, nuts, and seeds. Also, there are different health advantages associated with plant-based products, of which consumers are getting more aware recently. Extreme consumption of animal-based meat may result in diet-related illnesses such as obesity, type-2 diabetes, heart condition, and certain cancers. On the different hand, the consumption of plant-based meat does not rise to such diseases. Moreover, they help in building better immunity. The nutritional advantages of plant-based meats and their safety compared with conventional meat are also important factors contributing to gaining consumers’ attention. Plant-based meat contains lower saturated fat, cholesterol, and calories than animal-based meat. They often contain higher micronutrients, such as zinc, iron, and calcium.

Opportunities

New Startup and Continue Innovation

Startups will require understanding the country-wise palette and creating products according to the texture and local flavors. As innovation continues, products that retain the macronutrient balance and cooking experience will adopt the market. Innovation will also be required to expand the shelf life of alt meat products. The country’s cold chain infra remains broken with 40–50% of food wastage. For example, only 33% of Indians own a refrigerator at home. Higher shelf life will be essential to expand adoption beyond the metro markets.

Restraints

The Increased price of products in comparison to traditional meat

Cost is one of the primary restraining factors in the 3D printing plant-based meat market. Plant-based meat is uneconomical, corresponding to animal-based meat, impacting its growth in price-sensitive markets such as India, China, and South Africa. Companies delivering 3D printing plant-based meat options are attempting to decrease prices, as their high price over traditional meat hinders the rapidly developing plant-based industry.

Pre Covid-19 Impact on Global 3D Printing Plant-Based Meat Market

Before the covid-19 outbreak, 3D printing plant-based meat rapidly developed with huge potential, especially for 3D printed meat products. There are several benefits to this revolutionary technology. This technology is healthy and beneficial for the environment because it can help to convert elements such as proteins from algae, seafood, beet leaves, or insects into flavorful foodstuffs. It also develops new ways for food customization and, therefore, adjusts with personal needs and preferences.

Covid-19 Impact on Global 3D Printing Plant-Based Meat Market

During the covid-19 outbreak, the pandemic harmed the 3D printed plant-based meat market. Due to the long-term shut down of restaurants, hotels, bakeries, resorts, and other eatery places, and modified preference of safety over manufacturing of personalized food products, the demand was heavily concerned during the initial phase of a pandemic. However, with the alleviation in the lockdown norms, the market too is predicted to choose up its pace and expand at a substantiate rate during the forecast period.

Post Covid-19 Impact on Global 3D Printing Plant-Based Meat Market

After the covid-19 period, Eshchar Ben-Shitrit, CEO and Co-Founder of Redefine Meat, explains: “Today’s announcement celebrates the beginning of a new generation in alternative meat – the Alt-Steak era – caused by production methods that will accelerate the growth of a wide scope of alt-meat products and make a sustainable choice to growing and eating animals. It cannot exaggerate The importance of using 3D printing technology to perform texture, color and flavor. Using different formulations for muscle, fat and blood, we can focus on each element of creating the perfect Alt-Steak product,” which helps the 3D printing plant-based meat market enlargement.

By Meat Type Segmental Analysis

The market is segmented into Red Meat, Poultry, Pork and Seafood based on meat type segmental analysis. The poultry segment is anticipated to monopolize the global 3D printing plant-based meat market, based on the meat type, during the forecast period. It is attributed to the growing popularity of poultry products in various quick-service restaurants (QSRs) has enabled manufacturers to create innovative alternative products to meet future demand from meat consumers. The 3D printed plant-based chicken products are expected to lower prices than other sources and gain wide favor worldwide.

By End-User Segmental Analysis

Based on End-User segmental analysis, the market is segmented into Government, Residential and Commercial. The commercial segment has the largest share global 3D printing plant-based meat market. For example, the NOVAMEAT desires to keep a more humane and sustainable global food system through its technology. According to its CEO and co-founder, Guiseppe Scionti, the company is “testing alternative ingredients (proteins, fibers and oils) to tune the flavorings and improve sustainability.

By Regional Segmental Analysis

Based on the regional segmental analysis, the market is segmented into North America, Europe, Asia-Pacific, South America and The Middle East & Africa. The Asia-Pacific dominated the printing plant-based meat market in 2021 and is expected to sustain its dominance throughout the forecast period. India and China have been recognized as major countries to conduct consumer surveys on printing plant-based meat. It is attributed to the growing population and rising economies, increasing meat consumption and customer affordability for premium products. Different research surveys are being guided to explore the consumer’s approval of 3D printing plant-based meat. Furthermore, many countries approve the production and selling of lab-grown meat in their countries which is likely to escalate the growth of the 3D printing plant-based meat market during the forecast period.

Competitors Analysis

The companies include Aleph Farms Ltd., Cubiq Foods S.L., Eat Just, Inc., Future Meat Technologies, Meatable B.V, Memphis Meats, Mission Barns, Mosa Meat B.V., Redefine Meat Ltd, Vow Group PTY Ltd. and other prominent players in the global 3D printing plant-based meat market.

Key Stakeholders

Recent Developments

16, 2021— According to The Business Research Company’s research statement on the 3D printing plant-based meat market, meat made from 3D printed cells is attaining popularity among meat production companies to create precise digitally printed structures. In recent months, 3D printed cultured meat has evolved to develop 3D printed hybrid cells and plant-based meats.
In 2020, MeatTech, an Israel-based farmed meat company, successfully 3D printed plant-based beef fat structure grown with bovine fat cells and edible bio-bonds. 3D printed cultured meat technology delivers many advantages to meat consumers that include preserving texture, taste, and nutritional properties of animal meat products by reducing environmental impact.
In December 2020, Meat-Tech 3D, an Israel-based organization committed to developing cultivated meat methods using 3D printing plant-based meat, received Peach of Meat for $17.80 million. Through this purchase, Meat-Tech will leverage Ease of Meat technologies, including new hybrid food products, to accelerate demand entry as Meat-Tech develops industrial methods for farming and manufacturing.

Scope of the Report

Report Attribute	Details
Market Size Value in 2021	USD 115.6 Million
The revenue forecast in 2028	USD 295.6 Million
Growth Rate	CAGR of 18 % from 2022 to 2028.
Historical data	2017 – 2020
Forecast period	2022 – 2028
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	The Companies include Aleph Farms Ltd., Cubiq Foods S.L., Eat Just, Inc., Future Meat Technologies, Meatable B.V, Memphis Meats, Mission Barns, Mosa Meat B.V., Redefine Meat Ltd and Vow Group PTY Ltd. are the key players.

Market Modelling

By Meat Type

Red Meat
Poultry
Pork
Seafood

By End-User

Government
Residential
Commercial

By Region

North America
Europe
Asia-Pacific
South America
The Middle East & Africa

Table Of Contents

Methodology

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Frequently Asked Questions (FAQ):

What is the size of the global 3D Printing Plant-Based Meat Market?

The global 3D printing plant-based meat market was valued at USD 115.6 Million in 2021, and it is anticipated to reach USD 295.6 in 2028 with a CAGR of 18 % during the forecast period of 2022-2028.

Who are the key vendors in the global 3D Printing Plant-Based Meat Market?

The Companies include Aleph Farms Ltd., Cubiq Foods S.L., Eat Just, Inc., Future Meat Technologies, Meatable B.V, Memphis Meats, Mission Barns, Mosa Meat B.V., Redefine Meat Ltd and Vow Group PTY Ltd. are the key vendors in the global 3D printing plant-based meat market.

Which region has the highest market share in the global 3D Printing Plant-Based Meat Market?

Asia-Pacific region has the highest market share in the global 3D Printing Plant-Based Meat Market.

What is the covid-19 impact on the global 3D Printing Plant-Based Meat Market?

The covid-19 period hurt the 3D printed meat market. Due to the long-term shut down of restaurants, hotels, bakeries, food vendors, resorts, and other eatery places and varied the importance of safety over manufacturing personalized food products, the market was heavily affected during the initial phase of a pandemic. However, with the relief in the lockdown criteria, the market too is predicted to pick up its pace and grow at a substantiate rate during the forecast period of 2022 to 2028.

What are the major drivers in the global 3D Printing Plant-Based Meat Market?

The 3D printed the rising adoption of printing technology pushes the plant-based meat market to replace real meat with 3D printed meat products, growing consumer choice for natural food consumption and raising concerns regarding animal health and wellbeing. Moreover, the added benefit offered, such as the high-end and precise nutritional control in 3D printed plant-based meat, is another market driver.

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Global 3D Printing Plant-Based Meat Market