Lab-Based Meat Market Report by Growth, and Competitor with Statistics, Forecast
Lab-Based Meat Market Overview The global lab-based meat market is thriving even during the trying period of the COVID-19 pandemic. The market demand is growing worldwide, and the players are seizing the opportunity of the reinvigorating economic stimulus package. The outbreak is, in fact, helping to drive the lab-based meat market, presenting an opportunity to factor climate change into the industry. The market is projected to continue to grow, undeterred by the COVID-19 pandemic. According to Market Research Future (MRFR), the global lab-based meat market is forecasted to garner a valuation of USD 22.6 MN by 2027, growing at 5.3% CAGR during the review period (2021 to 2027). COVID-19 is expected to accelerate a move towards lab-based meats and plant-based proteins. Also, new trends, like brand launches and online grocery shopping, are popping up and thriving. There is a huge surge in the market demand as consumers are interested in a diversity of products that are usually n...