Surging demand for ‘green milk’ is driving the growth in Global Cell Based Milk Market in the forecast period, 2022-2026.
According to TechSci Research report, “Cell Based Milk Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026”, the global cell based milk market has a potential to project an impressive CAGR toward forces growth in the period, 2022-2026, on the account of surging demand for the multiple sources of milk and milk products other than traditional dairy farming.
Increasing concerns toward depleting environmental conditions is indirectly supporting the growth of the global cell based milk market in the upcoming five years. Traditional dairy farming creates various greenhouse gases, and these gases are severely affecting the environment conditions. Demand to decrease the methane concentration is also driving the growth of the global cell based milk market in the next five years.
Large population of United States suffers from lactose intolerance. Increasing lactose intolerant population demands alternatives to dairy milk. Cell based milk is a favorable alternation as compared to plant based milk on the grounds that cell based milk can be utilized to produce other dairy products like cheese, butter, cream, etc. Thus, the production and demand for the same is increasing rapidly and further substantiating the growth of the global cell based milk market in the forecast years, until 2026.
Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on "Global Cell based milk Market"
The global cell based milk market is segmented on the basis of type, cell source, form, competitional landscape, and regional distribution. Based on type, the market is further fragmented into raw milk, and human breast milk. Raw milk is anticipated to hold the largest revenue shares of the market and dominate the market segment since cell based raw milk from cow sources are already commercialized globally in majority of the countries.
Human breast milk is still under experimentation and analysis and is anticipated to be commercialized in near future. Raw milk is also readily acceptable by the consumers since is comparability with the dairy cow milk is close enough. The consistent research assistance toward the raw milk production out of cow cells is further supporting the growth of the global cell based milk market in the next five years.
On the basis of cell source, the market is bifurcated into cows, goat, sheep, camels, mammalian cells, and others. Cows as cell source are expected to dominate the market segment and register largest revenue shares of the market in the upcoming five years on the grounds of increasing demand for the cow cell based milk production. Raw milk produced in the labs are majorly derived from the cow and thus its demand is also supporting the growth of the global cell based market in the next five years.
Moreover, goat and camel cells are also significantly utilized for the cell based milk production. Increasing researches and utilization of bioreactors for the further incubations of the cells is aiding to the growth of the global cell based milk market in the future five years.
Based on form, the market is again sub-segmented into powder and liquid. Liquid form is anticipated to hold the largest revenue shares of the market in the upcoming five years on the account of increased production in the liquid form.
The production of lab milk in the bioreactors involves turning the neighboring liquid in the bioreactors along side the cell culture be turned into milk, thus driving its growth and also supporting the growth of the global cell based milk market in the next five years. Although, powder milk is also gaining significant shares in near future and may aid the growth of the global cell based milk market in the forecast years, until 2026.
Some of the market players, dominating the global market are
- Biomilk Ltd
- TurtleTree Labs Pte. Ltd.
- BIOMILQ, Inc.
- Pascual Business Corporation
- Nestlé S.A.
- BetterMilk Inc.
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“Singapore and Israel are leading the cell based milk market in the recent years and is anticipated to continue the growth in the upcoming five years. Israel based food tech company BioMilk Ltd. launched itself as the first publicly traded cell based milk company earlier this year. The company is actively working and producing both cow raw milk and human breast milk from cell based milk production procedure. With added funding and investor’s confidence in the company and their technology the market is expected to register growth substantially. They claim their products to be inclusive of complex compositions and immune-boosting qualities. Singapore based TurtleTree Labs are also creating cell based human breast milk along with raw cow milk. Although the commercialization process for the cell based milk is challenging due to stringent regulatory situations. New market players may focus on the regulation process before entering the market for the future brand establishments,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Cell Based Milk Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented By Type (Raw Milk, Human Breast Milk), By Cell Source (Cows, Goat, Sheep, Camels, Mammalian Cells, Others), By Form (Powder v/s Liquid), By Region”, has evaluated the future growth potential of global cell based milk and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global cell based milk market.
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