According to the global cultured meat market report by IMARC Group, finds that the market size reached US$ 184.4 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 388.0 Million by 2028, exhibiting a growth rate (CAGR) of 13.4% during 2023-2028.
Cultured meat, or cultivated meat, is made in laboratories by growing a small number of animal cells, eliminating the need for animal farming and slaughter. Its production provides a safer alternative to conventional meat processing by preventing the entry of harmful bacteria and contaminants, such as E. coli, into the human body. It requires less land, water, and resources and generates less pollution when compared to traditional meat production methods that release greenhouse gases, such as carbon dioxide (CO2), nitrous oxide (N2O), and methane (CH4). As a result, cultured meat is gaining immense traction across the globe.
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Cultured Meat Market Trends:
The global cultured meat market is primarily driven by rising consumer awareness about product benefits such as lower environmental impact, eliminating the need to raise animals and reduced public health risks. Moreover, the surging adoption of nutritional diets and the increasing demand for cultured meat among consumers allergic to animal-based proteins are positively influencing market growth.
Additionally, the rising concerns about animal welfare and the illegal use of animals for entertainment, food, medicine, and scientific advancements have catalyzed market growth. Other factors, including the rising number of quick-service restaurants (QSRs), increasing consumption of meat and meat products, and rapid improvements in online food delivery services, are also anticipated to create a positive market outlook.
Global Cultured Meat Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Major Players Covered:
- Aleph Farms
- BlueNalu Inc.
- Cubiq Foods S.L.
- Finless Foods Inc.
- Mission Barns
- Mosa Meat
- New Age Meats
- Future Meat Technologies
- IntegriCulture Inc.
- Meatable
- Shiok Meats
- Upside Foods.
The report has segmented the market on the basis of source, application, end user and region.
Breakup by Source:
- Poultry
- Beef
- Seafood
- Pork
- Duck
Breakup by Application:
- Nuggets
- Burgers
- Meatballs
- Sausages
- Hot Dogs
Breakup by End User:
- Household
- Food Services
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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