Synthetic Food Market Size

Synthetic Food Market Size

Synthetic Food Market size reached USD 16 billion in 2022 and is anticipated to exhibit a CAGR of 7% between 2023 and 2032, as a result of the increased interest in artificial foods as meat replacements.

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Artificial food is an increasingly popular trend, with advances in synthetic biology supporting the development of a new line of ultra-processed, synthetically produced foods. These new products seek to replace and imitate animal proteins, food additives, and other rare ingredients. The growing attraction toward alternative proteins will provide an edge to synthetic biology food developers, considering their ability to replicate the taste, appearance, and texture of meat. Consumers are also gaining awareness of the limitation of meat and traditional protein, enabling synthetic food to emerge as a viable alternative

Likewise, the rising emphasis on health and wellness will encourage manufacturers to produce high-nutrient synthetic functional foods low in sugar, salt, and fat tailored to meet specific nutritional requirements. However, several consumers are hesitant to try synthetic products as they are relatively new to the market. Additionally, the increasing concern about their taste, nutrition, and safety will limit the adoption of synthetic foods to a certain extent over the forthcoming years.