Cultured Meat Market: Segmented: By Source (Poultry, Beef, Seafood, Pork, and Duck), By End Use (Nuggets, Burgers, Meatballs, Sausages, Hot Dogs), And Region - Global Analysis of Market Size, Share & Trends For 2019-2021 And Forecasts To 2031
Cultured Meat Market to surpass USD 2005.3 billion by 2031 from USD 166.3 billion in 2021 at a CAGR of 28.4% in the coming years, i.e., 2021-31.
Cultured meat, also known as cultivated meat, vitro meat, and lab-grown meat. It is a better alternative to conventional animal meat. Cultured meat is animal meat that is produced by cultivating animal cells directly. The manufacturing process begins with culturing muscle cells from animals and then the cells are nourished with an oxygen-rich cell culture medium and other growth factors, in a similar way it happens inside an animal’s body. The necessity to raise animals for food is deducted by this method.
Global Cultured Meat Market is expected to project a notable CAGR of 28.4% in 2031.
Cultured meat has numerous advantages over conventional meat, includes environment kindliness, free from cardiovascular diseases and animal food-borne diseases, and increases the global cultured meat market growth. Cultured meat is taken as an alternative protein product. Consumer’s focus is shifting toward a nutritional diet based on a greater sustainable lifestyle and lesser overreliance on animal proteins, the industry is expected to grow at a steady rate.
Poultry segment to grow with the highest CAGR during 2021-31
Global Cultured Meat Market is classified based on Source into Poultry, Beef, Seafood, Pork, and Duck. The Poultry in the Source segment held the largest share. The cultured chicken products are expected to have a lesser price as compared to other sources and are widely gaining popularity around the globe. many restaurants, fast food chains, and packaged food companies the rising popularity of poultry products encourage manufacturers to generate alternative products to fulfill demand from meat consumers.
Nuggets segment to grow with the highest CAGR during 2021-31
Based on end-use, the global Cultured Meat Market is fragmented into Nuggets, Burgers, Meatballs, Sausages, Hot Dogs. Nuggets are one of the primary forms, in which most restaurants and hotels serve chicken products. Chicken remains the most popular meat product among people in different countries. The rising adoption of on-the-go food products fuels the increasing use of cultured meat in the nuggets segment. Consumers prefer ready-to-eat food products instead of cooking.
Growing concerns for animal welfare
One of the market's primary drivers is a growing concern for animal welfare. The rising concern about animal cruelty in meat production built a favorable impact on consumer mindset toward consuming meat products. Furthermore, fulfilling daily protein requirements with the advancement of technology is likely to propel the growth of the cultured meat market during the forecast period.
Rising need for food security and sustainable diets
The Cultured Meat Market is also growing as a result of increased consumer and industry awareness of health concerns. As the general public becomes more aware of food security, there will be greater demand for cultured meat. Increased meat consumption and demand for a nutritional diet are also considerable factors to use the animal-based meat alternative products. Production of cultured meat in the lab gives disinfected environment. It is free from any bacterial growth or diseases that spread with the consumption of cultured meat.
High costs associated with the market
Overcapacity may be the most significant constraint for this industry. The production of cultured meat with current technology is very expensive. The high capital investment cost is a major challenge restraining the growth of the cultured meat market.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Cultured Meat Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America has dominated the industry in recent years with a significant share due to an increase in innovations and developments, and high spending for streamlined research and development work is expected to be the contributing factor to its largest share. The market in Europe is expected to account for the second-highest share and is expected to grow the fastest during the forecast period.
The food and beverage industry is strongly affected by the global pandemic of COVID-19 disease which hit the sales of major food and beverage products. The research and development work has been stopped, due to the shutdown of various plants and factories which further affects the production of cultured meat.
Cultured Meat Market Segments:
|The market size value in 2021
|USD 166.3 billion
|The revenue forecast in 2031
|USD 2005.3 billion
|CAGR of 28.4% from 2021 to 2031
|The base year for estimation
|Revenue in USD million and CAGR from 2021 to 2030
|Revenue forecast, company ranking, competitive landscape, growth factors, and trends
|Source, End-Use, and Region
|North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
|Key companies profiled
|BlueNalu, Inc., Eat Just, Inc., Cellular Agriculture Ltd, IntegriCulture Inc., Avant Meat Company Limited, Mosa Meat, Memphis Meats, Cubiq Foods, Shiok Meats, Mutable, Future Meat Technologies, SuperMeat, Mission Barns, Inc., Higher Steaks, New Age Meats, and Other Prominent Players
The Cultured Meat Market size was estimated at USD 166.3 billion in 2021 and expected to reach USD 2005.3 billion by 2031
Key players: BlueNalu, Inc., Eat Just, Inc., Cellular Agriculture Ltd, IntegriCulture Inc., Avant Meat Company Limited, Mosa Meat, Memphis Meats, Cubiq Foods, Shiok Meats, Meatable, Future Meat Technologies, SuperMeat, Mission Barns, Inc., Higher Steaks, New Age Meatsand Other Prominent Players
Poultry segment and Nuggets segment are anticipated to hold the largest Cultured Meat Market.
Drivers: Growing concerns for animal welfare and Rising need for food security and sustainable diets
Cultured meat, also known as cultivated meat, vitro meat, and lab-grown meat. It is a better alternative to conventional animal meat. Cultured meat is animal meat that is produced by cultivating animal cells directly.
Select License Type
US : +1 (716) 218-3733
UK : +44 (208) 1235555
Select License Type
FATPOS CLIENT Appriciation DURING THE PROJECT