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Cultured Meat Market Size

  • 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.
 

 

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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