Global Cultured Meat Market Size (2022-2030) Share, Industry Trends, Growth, Challenges, and Forecast: Custom Market Insights

The size of the Global Cultured Meat Market was worth around USD $129.66 million in 2021 to $168.95 million in 2022 and is predicted to grow to around USD 450 million by 2030 with a compound annual growth rate (CAGR) of roughly 15% between 2022 and 2030.

The report analyses the Cultured Meat market's drivers and restraints, as well as the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global Cultured Meat market.

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The Cultured Meat Market: Overview

Cultured Meat, also known as in vitro meat, is a variant of artificial meat produced by tissue engineering and cellular agriculture. Because meat is an ideal source of omega-3 fatty acids, vitamin B12, protein, and iron, humans rely on meat to meet their nutritional needs. In vitro meat grows in the laboratory by harvesting muscle cells from animals in the medium for growth and proliferation.

Global demand is expected to increase by more than 66% by 2060, according to the Food and Agriculture Agency, and the need for Cultured Meat is increasing due to reduced greenhouse gas emissions and other environmental implications. Livestock makes up about 15% of the world's greenhouse gas emissions, and cattle and their manure emit methane.

The Cultured Meat Market: Growth Drivers

Advances in cell culture have brought great potential value to in vitro research and have been the subject of major research efforts in this area. Various tissue engineering approaches have been used to develop Cultured Meat from animal cells.

In contrast to traditional methods of slaughtering animals, various processed meat products are made from in vitro meat grown from muscle tissue. This is expected to increase the growth of the global Cultured Meat marl market.

Lab-reared meat is considered a healthier and cleaner meat option. The new properties of Cultured Meat require the development of new value chains and consideration of issues such as food safety, production costs, scalability, and consumer acceptance.

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Regulatory restrictions on new foods and ingredients, food safety, nutritional value, and health claims have a significant impact on delays in the commercialization of cultured meats. European consumers are very aware of the environmental damage caused by meat production and are concerned about animal safety.

The increasing trend in protein consumption is expected to provide many meat processors and food companies with the opportunity to switch to alternative animal proteins B Cultured Meat to meet consumer demand. However, when using animal-based meat substitutes, meeting daily protein requirements and the taste of meat products is an important issue. This is a good potential for the cultural meat industry.

The Cultured Meat Market: Key Insights

A) As per the analysis shared by our research analyst, the Cultured Meat market is estimated to grow annually at a CAGR of around 15% over the forecast period (2022-2030).
B) In Terms Of Revenue, The Cultured Meat market size was valued at around USD 129.66 million in 2021 and is projected to reach USD 450 million by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
C) Based on source segmentation, the pork material was predicted to show maximum market share in the year 2021
D) On the basis of region, the "North America" region was the leading revenue generator in 2021.

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The Cultured Meat Market: Recent Development

In January 2020 - Mosa Meat partnered with animal nutrition company Nutreco to supply a liquid filled with the nutrients needed to grow non-vegetarian foods. Mosa Meat has also received significant investment from Nutreco and Lowercarbon Capital to manufacture its products on a large scale. The company aims to launch cultured hamburgers in Europe by 2022. Global population growth has led to increased demand for protein, and the company aims to address it through sustainable, animal-friendly solutions.

The Cultured Meat Market: Regional Landscape

The market in North America accounted for the largest revenue share in 2021. Meanwhile, the Asia Pacific region is expected to record a significant CAGR in sales during the forecast period due to increased construction activity in India, China, Japan, and Indonesia. The presence of numerous hand-weaving machines and rising disposable income are also driving the growth of the carpet market in the region.

The Cultured Meat Market: Key Players

Memphis Meats
SuperMeat
Just, Inc
Aleph Farms Ltd
Appleton Meats

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The Cultured Meat Market: Segments

By Source

Poultry
Beef
Seafood
Pork
Duck

By End-Use

Nuggets
Burgers
Meatballs
Sausages

The Cultured Meat Market: Regions

North America

The U.S.
Canada
Mexico

Europe

France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific

China
Japan
India
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

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This release was published on openPR.