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Cultured Meat Market Size

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

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Cultured Meat Market Size

Cultured Meat Market was valued at USD 665 million in 2023 and is poised to grow at over 137% CAGR from 2024 to 2032.

Meat production has grown exponentially over recent years, attributed to consistent population growth and a steady rise in disposable incomes. According to OECD, the global production of meat comprising pork, poultry, and beef reached an estimated 340 million tons in 2021. The proliferation of industrialized agriculture has put traditional animal husbandry under pressure and also resulted in increased GHG and carbon emissions. These practices, in turn, have bolstered the demand for meat substitutes, such as plant-based alternatives and cell-based meat, creating a favorable growth outlook for the cultured meat market.

Cultured Meat Market Report Attributes
Report Attribute	Details
Base Year:	2021
Forecast Period:	2024 to 2032
Historical Data for:	2018 to 2023
No. of Pages:	350
Tables, Charts & Figures:	378
Segments covered:	Source, End use and Region
Growth Drivers:	Growing demand for the alternatives of animal-based products Rapid evolution of online food delivery is uplifting the demand for cultured meat Enhanced food safety and health benefits High per capita meat consumption and imports in the emerging Southeast Asian economies High demand for quick-service restaurants is driving the demand for cultured poultry meat products Rising meat and meat products consumption
Pitfalls & Challenges:	High Set up cost Stringent regulatory environment

Learn more about the key segments shaping this market

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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.