Artificial Meat Market is expected to reach US$ 435 million by 2030

Artificial Meat Market Size
The Global Artificial Meat Market reached US$ 150.4 million in 2022 and is expected to reach US$ 435 million by 2030 growing with a CAGR of 14.2% during the forecast period 2023-2030.

The growth of the artificial meat market is being driven by an increase in consumer demand for sustainable and ethical food options, along with growing concerns about the environmental impact and animal welfare associated with traditional meat production. Several key trends are shaping the artificial meat market, including advancements in cellular agriculture technologies, a rise in investments and collaborations within the industry, increasing consumer acceptance and demand for plant-based and cell-based meat alternatives, and the development of innovative meat substitute products with enhanced taste and texture.

Artificial meat, a product of cellular agriculture, is typically produced using tissue engineering techniques and cell culture technology, which originated in the field of regenerative medicine. Cell-based meat, also known as cultured meat, is a specific type of artificial meat produced by cultivating animal cells in a laboratory setting. This method offers a sustainable and ethical alternative to conventional meat production.

Bioreactors play a crucial role in the production of cell-based meat by providing a controlled environment for the growth and multiplication of animal cells, enabling efficient and scalable production. Another approach is scaffold-based meat production, which involves using edible scaffolds as support structures for the growth and differentiation of cells, allowing for the development of complex and structured cell-based meat products. These technological advancements and innovations contribute to the overall growth and development of the artificial meat market.

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Market Dynamics

The growth of the artificial meat market is propelled by the increasing consumption of meat globally. Notably, the Australian Department of Agriculture, Water, and the Environment has reported a 58% increase in meat consumption in Australia over the past two decades, reaching 360 million tons. In Spain, the average meat consumption per person was 46.2 kilograms in 2021, with chicken being the most consumed type of meat.

The global demand for processed foods has surged due to significant changes in dietary preferences and lifestyles. The popularity of various cuisines, driven by globalization, has led to an increased consumption of different types of meat. Restructured meat is witnessing heightened demand through 2023, attributed to factors such as shifting consumer preferences, the prevalence of processed foods, busy lifestyles, an increase in the number of working women, rising per capita disposable income, improvements in freezing technology, and a growing demand for restructured meat among health-conscious consumers. These factors collectively contribute to the expansion of the artificial meat market.

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Market Segmentation
By Source
Duck
Beef
Poultry
Seafood
Pork

By Application
Burgers
Meatballs
Nuggets
Hot Dogs
Sausages

By Distribution Channel
Supermarkets/Hypermarkets
Specialty Stores
Online Sales

Market Key Players
Major players are Meatable, Just Inc., Aleph Farms, Mosa Meat, Finless Foods, Memphis Meats, SuperMeat, Mirai Foods, BlueNalu and Orbillion Bio Inc.


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