Cultivated Meat Ingredients Market Poised for Remarkable Growth Amid Sustainable Protein Surge
Source: The DairyNews
A recent report by ResearchandMarkets forecasts a substantial expansion in the global market for cultivated meat ingredients over the next five years, driven by the growing emphasis on sustainable proteins.
The market is undergoing a "transformative shift," propelled by advancements in cell engineering and the expansion of the food tech industry. Innovations in isolating and proliferating animal cells, coupled with improved bioreactors, are set to facilitate scalable cultivated meat production, thereby boosting the market for cultivated meat ingredients.
Cost-effective ingredients like algae, microorganisms, and plant-based sources are being explored as nutrient options for cultivated cells, presenting avenues for innovation and further market expansion.
Despite these promising prospects, the market faces challenges, including regulatory approval. Currently approved in only Singapore and the US, efforts are underway in countries like Australia. Lowering production costs to compete with traditional meat, along with developing efficient scaling methods without compromising quality, are crucial hurdles.
The reliance on fetal bovine serum as a growth medium has historically elevated costs, but companies are actively exploring alternatives to address ethical, safety, and supply chain concerns, while also reducing expenses.
Consumer acceptance remains a potential barrier, necessitating educational initiatives to enhance awareness and dispel misconceptions. Dr. Simon Eassom, Executive Director of alt protein think tank Food Frontier, highlights cultivated meat's potential as a sustainable protein source, offering an environmentally friendly alternative to conventional food systems.
Cost-effective ingredients like algae, microorganisms, and plant-based sources are being explored as nutrient options for cultivated cells, presenting avenues for innovation and further market expansion.
Despite these promising prospects, the market faces challenges, including regulatory approval. Currently approved in only Singapore and the US, efforts are underway in countries like Australia. Lowering production costs to compete with traditional meat, along with developing efficient scaling methods without compromising quality, are crucial hurdles.
The reliance on fetal bovine serum as a growth medium has historically elevated costs, but companies are actively exploring alternatives to address ethical, safety, and supply chain concerns, while also reducing expenses.
Consumer acceptance remains a potential barrier, necessitating educational initiatives to enhance awareness and dispel misconceptions. Dr. Simon Eassom, Executive Director of alt protein think tank Food Frontier, highlights cultivated meat's potential as a sustainable protein source, offering an environmentally friendly alternative to conventional food systems.
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