Cultured Meat Market to Generate $593 million Revenue by 2032

The global cultured meat market is estimated to be valued at USD 214 million in 2025 and is projected to reach USD 593 million by 2032, recording a CAGR of 15.7% from 2025 to 2032 in the normal scenario. The growth of this market is attributed to the startups that are entering the market, owing to the increasing number of investors, such as Cargill and Tyson Foods.

Various other factors that are expected to drive the global cultured meat industry include innovations in cellular agriculture and the rising inclination toward animal welfare and environmental sustainability. Rising consumption of meat coupled with increasing demand for nutritional meat is expected to support the market growth during the forecast period. This growing trend of protein consumption is expected to present several opportunities for various meat processors and food companies to invest in alternative meat protein such as cultured meat to fulfill consumer demand.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=204524444

By source, the poultry segment is projected to account for the largest share in the cultured meat market

The poultry segment is expected to dominate the global cultured meat market, based on the source, during the forecast period. This is attributed to the growing popularity of poultry products in various quick-service restaurants (QSRs) has encouraged manufacturers to develop innovative alternative products to meet future demand from meat consumers. The cultured chicken products are expected to have a lower price as compared to other sources and gain wide popularity around the globe.

Additionally, the rise in demand for animal protein increases the demand for poultry products. This is further expected to accelerate the market growth of cultured meat worldwide. Moreover, the rising demand for chicken meat, owing to the rapidly growing urban population in developing countries, is expected to support the cultured meat market globally. The trend of dining out and high R&D investment by companies such as Tyson Foods and Cargill are some of the key factors that are expected to boost the poultry segment as well as other segments of the global market space in North America.

By end-use, the nuggets segment accounted for the largest market size in the cultured meat market during the forecast period

The demand for nuggets is increasing significantly as an important processed meat product. Thus, North America is expected to be the largest market for cultured meat in 2021. Chicken continues to be the most popular meat product among the people in the US and the other North American countries. Nuggets is one of the primary forms, in which chicken meat products are consumed in various countries. Due to the increasing adoption of on-the-go lifestyle and consumption of snacking products, particularly in the US, consumers are looking for options that are convenient to eat anytime. Thus, key companies such as Tyson Food and Cargill are focusing on investing in developing clean meat or cultured meat chicken products in the form of nuggets to attract consumers. Hence, the North American region is projected to dominate the market for cultured meat nuggets during the forecast period.

North America is projected to account for the largest market share during the forecast period

North America is likely to lead the industry by accounting for the largest cultured meat market share in 2021. Rise in innovations and developments, and high spending for efficient R&D is expected to be the contributing factors in its largest share. Health concerns about the consumption of meat products, increase in investor interests in alternative proteins, and potentials to provide the required nutrition in tailor-made proteins are the major factors for the consumers to shift from conventional meat to cultured meat products. In the US and Canada, metropolitan areas are expected to lead the growth due to the higher number of flexitarians, with the openness and acceptance of meat substitutes and alternative proteins. The rising demand for the alternative protein in the region supports increased investment in cultured meat companies.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=204524444

The key players in this market include Memphis Meats (US), MosaMeat (Netherlands), SuperMeat (Israel), Just, Inc (US), Integriculture (Japan), Aleph Farms Ltd (Israel), Finless Foods Inc. (US), Avant Meats Company Limited (China), Balletic Foods (US), Future Meat Technologies Ltd (Israel), Appleton Meats (Canada), Higher Steaks (UK), Biofood Systems LTD (Israel), Fork & Goode (US), Meatable (Netherlands), Mission Barns (US), Bluenalu, Inc. (US), New Age Meats (US), Shiok Meats (Singapore), Seafuture Sustainable Biotech (Canada), Wild Type (US), Lab farm Foods (US), Cubiq Foods (Spain), Kiran Meats (US), and Cell Farm FOOD Tech/Granja Celular S.A (Argentina).

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.