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Cultured Meat Market Analysis

Report ID: GMI4823
Published Date: Apr 2023
Report Format: PDF

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Cultured Meat Market Analysis

The cultured meat market from poultry segment is predicted to reach USD 4.9 billion by 2032, credited to the increasing consumption and subsequent rise in poultry meat imports. According to the US Department of Agriculture (USDA), global poultry imports could reach 17.5 million metric tons by 2031. Besides, the accelerating consumer shift toward animal-friendly food products will drive the cultured meat business through 2032.

Based on the end-user, the cultured meat market share from burgers segment is slated to exhibit over 142% CAGR during the forecast timeline, propelled by the growing consumer inclination toward alternative protein-sourced food products, such as alternative meat burgers. Moreover, the escalating environmental concerns associated with industrial livestock practices may further augment the demand for synthetic meat.

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The Europe cultured meat market is projected to witness 175% CAGR and amass USD 5.5 billion by 2032, fueled by the rising health concerns and the increasing uptake of alternative protein products due to their rich nutritional composition. Nonetheless, the growing popularity of several meat alternatives and the rapid inclination toward environmentally sustainable products will further boost clean meat demand in the region.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of cultured meat was worth USD 665 million in 2023 and is slated to exhibit over 137% CAGR from 2024 to 2032, aided by the significant rise in demand and uptake of meat and meat products.

The poultry segment is anticipated to garner USD 4.9 billion in revenues by 2032 owing to increasing poultry imports and the rising popularity of animal-friendly food products.

The burgers segment is set to expand at mare than 142% CAGR through 2032, attributed to the accelerating consumer shift toward alternative protein-sourced food products.

Europe cultured meat industry is projected to grow at 175% CAGR between 2023 and 2032, backed by the increasing consumption of alternative protein products due to rising health consciousness and growing health concerns.

Notable players in the market are Mosa Meat, Upside Foods, Aleph Farms, Finless Foods, Meatable, New Age Meats, HigherSteaks, Biofood Systems, Avant Meats Company Limited, Balletic Foods, Future Meat Technologies, BlueNalu, Eat Just, Biotech Foods, and Cell AG Tech.