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Cultured Meat Market Analysis
- Report ID: GMI4823
- Published Date: Apr 2023
- Report Format: PDF
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.
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.
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Cultured Meat Market Scope
