Asia-Pacific Cultured Meat Market: Focus on Distribution Channel, Product Type, and Country - Analysis and Forecast, 2024-2033
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Introduction to Asia Pacific (APAC) Cultured Meat Market
The Asia Pacific cultured meat market, which is expected to be valued at $179.0 million in 2024, is anticipated to undergo substantial expansion, reaching an estimated $510.7 million by 2033. Cultivated meat is poised to provide numerous benefits over traditional animal agriculture, thanks to its streamlined production process. Initial life cycle assessments indicate that cultivated meat consumes fewer resources and has the potential to mitigate pollution and eutrophication linked with agriculture. Research indicates that cultivated meat produced using renewable energy could reduce greenhouse gas emissions by up to 92% and lower land use by up to 90% compared to conventional beef production. Furthermore, commercial production of cultivated meat is expected to be antibiotic-free, potentially reducing foodborne illnesses by minimizing exposure to enteric pathogens.
Market Introduction
The Asia Pacific cultured meat market is emerging as a promising segment of the region's food business. Cultured meat, produced by cellular agriculture, provides a sustainable alternative to traditional livestock farming while drastically decreasing environmental impact and addressing food security concerns. With advances in biotechnology and rising consumer awareness of sustainability, Asia-Pacific (APAC) countries are looking into prospects in cultured meat production. This breakthrough intends not just to address the growing demand for protein-rich diets, but also to encourage ethical animal treatment and minimize greenhouse gas emissions linked with traditional meat production. As APAC countries try to achieve food security and sustainability goals, investments and legislative support for cultured meat technologies are projected to expand, promoting a competitive market landscape and driving technological advancements in cellular agriculture within the region.
Market Segmentation
Segmentation 1: by Distribution Channel
Product/Innovation Strategy: The product segment helps the reader understand the different applications of the cultured meat products available based on distribution channel (food service and fast food chains and retail), product type (poultry, beef, seafood, pork, and others), ingredient type (plant-derived ingredient and animal-derived ingredient). The market is poised for significant expansion with ongoing technological advancements, increased investments, and growing awareness of cultivated meat as an alternative protein. Therefore, the cultured meat business is a high-investment and high-revenue generating model.
Growth/Marketing Strategy: The Asia Pacific cultured meat market has been growing at a rapid pace. The market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are mergers and acquisitions, product launches, partnerships and collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include partnerships and collaborations.
Competitive Strategy: The key players in the Asia Pacific cultured meat market analyzed and profiled in the study include cultured meat manufacturers that produce cultured meat. Additionally, a comprehensive competitive landscape such as partnerships, agreements, and collaborations are expected to aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysing company coverage, product portfolio, and market penetration.
Some of the prominent companies in this market are:
This report will be delivered in 1-5 working days.
Introduction to Asia Pacific (APAC) Cultured Meat Market
The Asia Pacific cultured meat market, which is expected to be valued at $179.0 million in 2024, is anticipated to undergo substantial expansion, reaching an estimated $510.7 million by 2033. Cultivated meat is poised to provide numerous benefits over traditional animal agriculture, thanks to its streamlined production process. Initial life cycle assessments indicate that cultivated meat consumes fewer resources and has the potential to mitigate pollution and eutrophication linked with agriculture. Research indicates that cultivated meat produced using renewable energy could reduce greenhouse gas emissions by up to 92% and lower land use by up to 90% compared to conventional beef production. Furthermore, commercial production of cultivated meat is expected to be antibiotic-free, potentially reducing foodborne illnesses by minimizing exposure to enteric pathogens.
Market Introduction
The Asia Pacific cultured meat market is emerging as a promising segment of the region's food business. Cultured meat, produced by cellular agriculture, provides a sustainable alternative to traditional livestock farming while drastically decreasing environmental impact and addressing food security concerns. With advances in biotechnology and rising consumer awareness of sustainability, Asia-Pacific (APAC) countries are looking into prospects in cultured meat production. This breakthrough intends not just to address the growing demand for protein-rich diets, but also to encourage ethical animal treatment and minimize greenhouse gas emissions linked with traditional meat production. As APAC countries try to achieve food security and sustainability goals, investments and legislative support for cultured meat technologies are projected to expand, promoting a competitive market landscape and driving technological advancements in cellular agriculture within the region.
Market Segmentation
Segmentation 1: by Distribution Channel
- Food Service and Fast Food Chains
- Retail
- Poultry
- Beef
- Seafood
- Pork
- Others
- China
- Singapore
- South Korea
- Australia
- Rest-of-Asia-Pacific
Product/Innovation Strategy: The product segment helps the reader understand the different applications of the cultured meat products available based on distribution channel (food service and fast food chains and retail), product type (poultry, beef, seafood, pork, and others), ingredient type (plant-derived ingredient and animal-derived ingredient). The market is poised for significant expansion with ongoing technological advancements, increased investments, and growing awareness of cultivated meat as an alternative protein. Therefore, the cultured meat business is a high-investment and high-revenue generating model.
Growth/Marketing Strategy: The Asia Pacific cultured meat market has been growing at a rapid pace. The market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are mergers and acquisitions, product launches, partnerships and collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include partnerships and collaborations.
Competitive Strategy: The key players in the Asia Pacific cultured meat market analyzed and profiled in the study include cultured meat manufacturers that produce cultured meat. Additionally, a comprehensive competitive landscape such as partnerships, agreements, and collaborations are expected to aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysing company coverage, product portfolio, and market penetration.
Some of the prominent companies in this market are:
- Vow Group Pty Ltd
- Shiok Meats Pte Ltd
Executive Summary
Scope and Definition
1 MARKETS
1.1 Emergence of Cultured Meat
1.2 Trends: Current and Future Impact Assessment
1.2.1 Trends: Overview
1.2.2 Rise in Adoption of Vegan Lifestyle
1.2.3 Emphasis on Environmental Sustainability
1.3 Supply Chain Overview
1.3.1 Value Chain Analysis
1.3.2 Market Map
1.4 Research and Development Review
1.4.1 Patent Filing Trend (by Company, Country)
1.5 Regulatory Landscape
1.6 Market Dynamics Overview
1.6.1 Market Drivers
1.6.1.1 Increase in Demand for Alternative Protein
1.6.1.2 Increase in Awareness Related to Animal Cruelty in Meat and Dairy Industry
1.6.1.3 Increase in Investment and Funding of Lab-Grown Meat
1.6.2 Market Challenges
1.6.2.1 High Production Cost
1.6.2.2 Skepticism among Consumers
1.6.3 Market Opportunities
1.6.3.1 High Per Capita Meat Consumption and Imports in Countries
1.6.3.2 Growth in Approval Rates for Commercial Sales and Increase in New Product Launch
2 REGIONS
2.1 Regional Summary
2.2 Drivers and Restraints
2.3 Asia-Pacific
2.3.1 Regional Overview
2.3.2 Driving Factors for Market Growth
2.3.3 Factors Challenging the Market
2.3.4 Application
2.3.5 Product
2.3.6 China
2.3.7 Singapore
2.3.8 South Korea
2.3.9 Australia
2.3.10 Rest-of-Asia-Pacific
3 MARKETS - COMPETITIVE BENCHMARKING & COMPANY PROFILES
3.1 Next Frontiers
3.2 Geographic Assessment
3.2.1 Vow Group Pty Ltd
3.2.1.1 Overview
3.2.1.2 Top Products/Product Portfolio
3.2.1.3 Top Competitors
3.2.1.4 Target Customers
3.2.1.5 Key Personnel
3.2.1.6 Analyst View
3.2.1.7 Market Share
3.2.2 Shiok Meats Pte Ltd
3.2.2.1 Overview
3.2.2.2 Top Products/Product Portfolio
3.2.2.3 Top Competitors
3.2.2.4 Target Customers
3.2.2.5 Key Personnel
3.2.2.6 Analyst View
3.2.2.7 Market Share
4 RESEARCH METHODOLOGY
4.1 Data Sources
4.1.1 Primary Data Sources
4.1.2 Secondary Data Sources
4.1.3 Data Triangulation
4.2 Market Estimation and Forecast
Scope and Definition
1 MARKETS
1.1 Emergence of Cultured Meat
1.2 Trends: Current and Future Impact Assessment
1.2.1 Trends: Overview
1.2.2 Rise in Adoption of Vegan Lifestyle
1.2.3 Emphasis on Environmental Sustainability
1.3 Supply Chain Overview
1.3.1 Value Chain Analysis
1.3.2 Market Map
1.4 Research and Development Review
1.4.1 Patent Filing Trend (by Company, Country)
1.5 Regulatory Landscape
1.6 Market Dynamics Overview
1.6.1 Market Drivers
1.6.1.1 Increase in Demand for Alternative Protein
1.6.1.2 Increase in Awareness Related to Animal Cruelty in Meat and Dairy Industry
1.6.1.3 Increase in Investment and Funding of Lab-Grown Meat
1.6.2 Market Challenges
1.6.2.1 High Production Cost
1.6.2.2 Skepticism among Consumers
1.6.3 Market Opportunities
1.6.3.1 High Per Capita Meat Consumption and Imports in Countries
1.6.3.2 Growth in Approval Rates for Commercial Sales and Increase in New Product Launch
2 REGIONS
2.1 Regional Summary
2.2 Drivers and Restraints
2.3 Asia-Pacific
2.3.1 Regional Overview
2.3.2 Driving Factors for Market Growth
2.3.3 Factors Challenging the Market
2.3.4 Application
2.3.5 Product
2.3.6 China
2.3.7 Singapore
2.3.8 South Korea
2.3.9 Australia
2.3.10 Rest-of-Asia-Pacific
3 MARKETS - COMPETITIVE BENCHMARKING & COMPANY PROFILES
3.1 Next Frontiers
3.2 Geographic Assessment
3.2.1 Vow Group Pty Ltd
3.2.1.1 Overview
3.2.1.2 Top Products/Product Portfolio
3.2.1.3 Top Competitors
3.2.1.4 Target Customers
3.2.1.5 Key Personnel
3.2.1.6 Analyst View
3.2.1.7 Market Share
3.2.2 Shiok Meats Pte Ltd
3.2.2.1 Overview
3.2.2.2 Top Products/Product Portfolio
3.2.2.3 Top Competitors
3.2.2.4 Target Customers
3.2.2.5 Key Personnel
3.2.2.6 Analyst View
3.2.2.7 Market Share
4 RESEARCH METHODOLOGY
4.1 Data Sources
4.1.1 Primary Data Sources
4.1.2 Secondary Data Sources
4.1.3 Data Triangulation
4.2 Market Estimation and Forecast
LIST OF FIGURES
Figure 1: Asia-Pacific Cultured Meat Market (by Scenario), $Million, 2024, 2026, and 2033
Figure 2: Asia-Pacific Cultured Meat Market (by Distribution Channel), $Million, 2024, 2026, 2033
Figure 3: Asia-Pacific Cultured Meat Market (by Product Type), $Million, 2024, 2026, 2033
Figure 4: Key Events
Figure 5: Production Timeline
Figure 6: Greenhouse Gas Emissions per Kilogram of Meat Products
Figure 7: Supply Chain and Risks within the Supply Chain
Figure 8: Patent Analysis (by Company), January 2021-December 2023
Figure 9: Patent Analysis (by Country), January 2021-December 2023
Figure 10: Impact Analysis of Market Navigating Factors, 2024-2033
Figure 11: Number of Animals Getting Slaughtered for Meat Everyday
Figure 12: China Cultured Meat Market, $Million, 2024-2033
Figure 13: Singapore Cultured Meat Market, $Million, 2024-2033
Figure 14: South Korea Cultured Meat Market, $Million, 2024-2033
Figure 15: Australia Cultured Meat Market, $Million, 2024-2033
Figure 16: Rest-of-Asia-Pacific Cultured Meat Market, $Million, 2024-2033
Figure 17: Strategic Initiatives, 2020-2023
Figure 18: Share of Strategic Initiatives
Figure 19: Data Triangulation
Figure 20: Top-Down and Bottom-Up Approach
Figure 21: Assumptions and Limitations
Figure 1: Asia-Pacific Cultured Meat Market (by Scenario), $Million, 2024, 2026, and 2033
Figure 2: Asia-Pacific Cultured Meat Market (by Distribution Channel), $Million, 2024, 2026, 2033
Figure 3: Asia-Pacific Cultured Meat Market (by Product Type), $Million, 2024, 2026, 2033
Figure 4: Key Events
Figure 5: Production Timeline
Figure 6: Greenhouse Gas Emissions per Kilogram of Meat Products
Figure 7: Supply Chain and Risks within the Supply Chain
Figure 8: Patent Analysis (by Company), January 2021-December 2023
Figure 9: Patent Analysis (by Country), January 2021-December 2023
Figure 10: Impact Analysis of Market Navigating Factors, 2024-2033
Figure 11: Number of Animals Getting Slaughtered for Meat Everyday
Figure 12: China Cultured Meat Market, $Million, 2024-2033
Figure 13: Singapore Cultured Meat Market, $Million, 2024-2033
Figure 14: South Korea Cultured Meat Market, $Million, 2024-2033
Figure 15: Australia Cultured Meat Market, $Million, 2024-2033
Figure 16: Rest-of-Asia-Pacific Cultured Meat Market, $Million, 2024-2033
Figure 17: Strategic Initiatives, 2020-2023
Figure 18: Share of Strategic Initiatives
Figure 19: Data Triangulation
Figure 20: Top-Down and Bottom-Up Approach
Figure 21: Assumptions and Limitations
LIST OF TABLES
Table 1: Market Snapshot
Table 2: Opportunities
Table 3: Share of Vegans in 2022
Table 4: Regulatory Landscape
Table 5: Meat Consumption by Country (Kilogram), 2020
Table 6: Cultured Meat Market (by Region), $Million, 2024-2033
Table 7: Asia-Pacific Cultured Meat Market (by Distribution Channel), $Million, 2024-2033
Table 8: Asia-Pacific Cultured Meat Market (by Product Type), $Million, 2024-2033
Table 9: China Cultured Meat Market (by Distribution Channel), $Million, 2024-2033
Table 10: China Cultured Meat Market (by Product Type), $Million, 2024-2033
Table 11: Singapore Cultured Meat Market (by Distribution Channel), $Million, 2024-2033
Table 12: Singapore Cultured Meat Market (by Product Type), $Million, 2024-2033
Table 13: South Korea Cultured Meat Market (by Distribution Channel), $Million, 2024-2033
Table 14: South Korea Cultured Meat Market (by Product Type), $Million, 2024-2033
Table 15: Australia Cultured Meat Market (by Distribution Channel), $Million, 2024-2033
Table 16: Australia Cultured Meat Market (by Product Type), $Million, 2024-2033
Table 17: Rest-of-Asia-Pacific Cultured Meat Market (by Distribution Channel), $Million, 2024-2033
Table 18: Rest-of-Asia-Pacific Cultured Meat Market (by Product Type), $Million, 2024-2033
Table 19: Market Share
Table 1: Market Snapshot
Table 2: Opportunities
Table 3: Share of Vegans in 2022
Table 4: Regulatory Landscape
Table 5: Meat Consumption by Country (Kilogram), 2020
Table 6: Cultured Meat Market (by Region), $Million, 2024-2033
Table 7: Asia-Pacific Cultured Meat Market (by Distribution Channel), $Million, 2024-2033
Table 8: Asia-Pacific Cultured Meat Market (by Product Type), $Million, 2024-2033
Table 9: China Cultured Meat Market (by Distribution Channel), $Million, 2024-2033
Table 10: China Cultured Meat Market (by Product Type), $Million, 2024-2033
Table 11: Singapore Cultured Meat Market (by Distribution Channel), $Million, 2024-2033
Table 12: Singapore Cultured Meat Market (by Product Type), $Million, 2024-2033
Table 13: South Korea Cultured Meat Market (by Distribution Channel), $Million, 2024-2033
Table 14: South Korea Cultured Meat Market (by Product Type), $Million, 2024-2033
Table 15: Australia Cultured Meat Market (by Distribution Channel), $Million, 2024-2033
Table 16: Australia Cultured Meat Market (by Product Type), $Million, 2024-2033
Table 17: Rest-of-Asia-Pacific Cultured Meat Market (by Distribution Channel), $Million, 2024-2033
Table 18: Rest-of-Asia-Pacific Cultured Meat Market (by Product Type), $Million, 2024-2033
Table 19: Market Share
