The global 3D Printed Meat Market is estimated to be valued at US$ 179.1 Mn in 2023 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

3D printed meat is a meat product produced using a 3D bioprinter to print meat artificially without relying on conventional meat production. It is produced using cells that are cultured from animal muscle, fat and bone tissue without the need to breed or slaughter animals. 3D printed meat offers several advantages over conventional meat such as reduced carbon footprint, land and water usage and addressing issues related to diseases. It also has the potential to provide alternative protein choices to vegan or vegetarian population. With continuous innovation, 3D printed meat products are expected to resemble chicken or beef in texture and flavor.

Market key trends:

One of the major trends gaining traction in the 3D printed meat market is alternative proteins which includes plant based meat and cultured meat. Rising concerns over animal welfare, environmental impacts and health issues associated with conventional meat has fueled the demand for alternative proteins. Several startups are leveraging 3D bioprinting technology to manufacture meat which are identical to animal meat in nutritional values and sensory properties without harming animals. Additionally, 3D printed meat has significant advantages in terms of nutritional customization over plant based meat which drives its adoption. Research and development is ongoing to scale production and reduce costs to make 3D printed meat commercially viable and compete with conventional meat products.

Porter’s Analysis

Threat of new entrants: The threat of new entrants is moderate as the 3D printed meat market requires huge capital investments to setup production facilities and research. However, advancements in 3D bioprinting technologies have lowered the entry barriers.

Bargaining power of buyers: The bargaining power of buyers is low owing to the absence of alternatives for cruelty-free and lab grown meat. However, price sensitivity of consumers remains a concern for players.

Bargaining power of suppliers: Suppliers of biomaterials, growth nutrients, and other inputs have moderate to high bargaining power due to specialized skills required.

Threat of new substitutes: Plant-based meat substitutes pose high threat to the 3D printed meat market. However, advantages of 3D printed meat over plant-based products in terms of texture and taste keep the threat moderate.

Competitive rivalry: The market has several players investing in R&D but commercialization remains a challenge leading to low competitive rivalry.

Key Takeaways

The Global 3D Printed Meat Market Size is expected to witness high growth, exhibiting CAGR of 16.3% over the forecast period, due to increasing concerns over animal welfare and sustainability.

Regional analysis: North America dominates the 3D printed meat market currently owing to presence of major players and high R&D investments. Europe and Asia Pacific are fastest growing markets attributed to growing meat consumption and increasing government support.

Key players: Key players operating in the 3D printed meat market include Redefine Meat, Novameat, Aleph Farms, Modern Meadow, MeaTech 3D, Atlast Food Co., and 3D Bioprinting Solutions. The players are focused on scaling up production and obtaining regulatory approvals to commercialize their products.

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