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Cultured Meat Market Size By Source (Beef, Poultry, Seafood, Pork, Duck), By End-Use (Burgers, Nuggets, Meatballs, Sausages), & Forecast 2024 - 2032

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

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.

Cultured Meat Market

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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.

Strict regulatory framework to hamper the market growth

Cultured meat facilities involve high set-up costs, which may impact the market dynamics over the next ten years. Additionally, artificial meat labs are subject to stringent regulatory norms and requirements and have to undergo frequent inspections. This makes their operations a bit complicated and may further impede market performance. However, increasing strategic alliances and ample acquisition opportunities market may favor the industry expansion.

Cultured Meat Market Analysis

Cultured Meat Market Size, By Source, 2021 - 2032 (USD Million)

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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.

Global Cultured Meat Market Revenue Share (%), By End Use, (2023)

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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.

Cultured Meat Market Scope

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 15
  • Tables & Figures: 378
  • Countries covered: 20
  • Pages: 350
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