Research Nester published a report titled “3D Printing Plant-Based Meat Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobal3D printing plant-based meat market in terms of market segmentation by meat type, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global 3D printing plant-based meat market is estimated to occupy a hefty amount of revenue by growing at a robust CAGR during the forecast period, i.e., 2022 – 2030, owing to the increasing trend of veganism among consumers in developed and developing nations. Along with this, rising developments in 3D printing technology, increasing disposable income globally, and escalating demand for customized food are also assessed to drive the growth of the market in the upcoming years.
The market is segmented by meat type and end user. Based on meat type, the red meat segment is anticipated to observe a notable growth during the forecast period on the back of surging production of red meat products such as steak by 3D printing techniques. Additionally, by end user, the commercial segment is projected to grab the largest share over the forecast period attributing to the rise in focus of restaurants serving vegan products to expand their consumer base and include meat eaters as well.
Geographically, the global 3D printing plant-based meat market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to witness noteworthy growth and gather the largest share in the market during the forecast period attributing to the increasing number of people following veganism in the region. Moreover, the market in Europe region is also predicted to grab a notable share in the future ascribing to the high consumption of plant-based meat, and presence of prominent market players in the region.
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The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Trend of Veganism Across the World to Drive Market Growth
Over the last few years, more and more people are inclining towards following veganism. This can be credited to the fact that a well-planned vegan diet follows healthy eating guidelines, and contain all the necessary nutrients our body needs. In addition, there is a growing emphasis of people on preventing suffering caused to animals during animal agriculture globally. This in turn is anticipated to drive significant market growth in the near future.
However, high cost of 3D printed plant-based meat is expected to operate as key restraint to the growth of the global 3D printing plant-based meat market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global 3D printing plant-based meat market which includes company profiling of Redefine Meat Ltd., NOVAMEAT TECH S.L., Eat Just, Inc., Revo Foods GmbH, MeaTech 3D Ltd., Aleph Farms, SavorEat Ltd., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global 3D printing plant-based meat market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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