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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Cultured Meat Market Size
The global cultured meat market was approximately USD 2.79 billion in 2023. The market is assessed to grow at a CAGR of 45.5% between 2024 and 2032, reaching a value of USD 81.66 billion by 2032.
Key Trends in the Market
Cultured meat, also known as cultivated meat or lab-grown or clean meat, refers to animal meat grown in labs by culturing animal cells in vitro. This form of cellular agriculture enables the production of genuine animal meat entirely outside of an animal's body with the help of tissue engineering and regenerative medicine.
- One of the key cultured meat market trends is the advances in the field of tissue engineering and regenerative medicine (TERM). These advancements allow the production of animal meat (including seafood and organ meats) in a lab, reducing the need for the rearing of animals for food. Cultured meat has similar sensory qualities and nutritional profiles as that of conventional meat and does not require animals to be slaughtered, creating a more sustainable and humane meat industry.
- The demand for meat substitutes is increasing as a result of rapid innovations in the alternative proteins space and a shift toward sustainable food systems. Alternative proteins are likely to play a crucial role in overcoming meat shortages and meet the rising food demands of the global population while minimising environmental impact and promoting animal welfare.
- The leading companies are focused on advancing their research and development efforts to produce cultured meat on a large scale, aiming to commercialise cultured meat products by obtaining regulatory approvals. This is likely to enhance the cultured meat market demand in the coming years.
Cultured Meat Market Report Snapshots
Cultured Meat Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 2.79 billion.
The market is estimated to grow at a CAGR of 45.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 81.66 billion by 2032.
The market is being driven by the growing demand for clean meat products, increasing focus on animal welfare, and changing customer food choices combined with rising disposable incomes.
The key trends aiding the market expansion include technological advancements in the field of tissue engineering and regenerative medicine (TERM) and innovations in the alternative protein category.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major applications of cultured meat include nuggets, burgers, meatballs, sausages, and hot dogs, among others.
The major players in the market are BlueNalu, Inc., Supermeat The Essence of Meat Ltd., Shiok Meats Pte Ltd., Finless Foods, Inc., Upside Foods, Inc., Mission Barns, Vow Group Pty Ltd., Aleph Farms Ltd., Eat Just, Inc. (GOOD Meat), and Meatable B.V., among others.
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