Global Cultured Meat Market, By Source (Poultry, Pork, Beef, Duck), End Use (Nuggets, Burgers, Meatballs, Sausages, Hot Dogs, Others) Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Data Bridge Market Research analyses that the global cultured meat market is growing at a CAGR of 15% in the forecast period of 2022-2029.
Cultured meat is a type of a lab-grown meat produced using various practices of tissue engineering methods in a culture medium. It is also known as clean meat, in vitro meat and synthetic meat. Production of cultured meat is done by collecting cells from an animal and developing them in an improved and favourable culture medium.
The increasing demand for alternative protein is a major factor accelerating the growth of the market. Furthermore, the rapid technological advancement in cellular agriculture, enhanced food safety and environmental sustainability is driving the growth of cultured meat market. However, the stringent regulatory environment and high set up costs will act as restraints for the cultured meat market for the forecast period of 2022-2029.
On the other hand, the global cultured meat market is not yet produced on large scale and is mostly available in specialty stores and restaurants. This will be one of the major challenges for manufacturers to focus in the growth of this market.
This cultured meat market report provides details of new recent , trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on cultured meat market contact Data Bridge Market Research for an our team will help you take an informed market decision to achieve market growth.
Global Cultured Meat Market Scope and Market Size
The cultured meat market is segmented on the basis of source, and end use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source, the cultured meat market is segmented into poultry, pork, beef and duck.
- On the basis of end use, the cultured meat market is segmented into nuggets, burgers, meatballs, sausages, hot dogs and others.
Cultured Meat Market Country Level Analysis
The cultured meat market is analyses and market size, volume information is provided by country, source, and end use as referenced above.
The countries covered in the cultured meat market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa (MEA).
North America dominates the cultured meat market and will continue to flourish its trend of dominance during the forecast period owing to rise in innovations and developments, and high spending for efficient R&D is expected to be the contributing factors in its largest share. Asia-Pacific and Europe region is expected to score the highest CAGR due to the higher number of flexitarians, with the openness and acceptance of meat substitutes and alternative proteins.
The country section of the cultured meat market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cultured Meat Market Share Analysis
The cultured meat market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cultured meat market.
Some of the major players operating in the cultured meat market report are mosameat, Francisco based Memphis meat, Supermeat, Integriculture Inc, Brooklyn-based Finless Food and Higher steaks, Appleton Meats, Biofood Systems Ltd., Fork & Goode, Finless Foods Inc., Avant Meats Co.Ltd., Balletic Foods, Future Meat Technologies Ltd., Meatable, Mission Barns, Bluenalu, New Age Meats and Aleph Farms Ltd., among others.