Cultivated Meat Market to Hit $17.18 Billion by 2028 at 16.5% CAGR with Sustainable Growth and Innovation

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Cultivated Meat Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $17.18 billion In 2028 At A CAGR Of 16.5%:

The cultivated meat market size has grown rapidly in recent years. It will grow from $7.87 billion in 2023 to $9.31 billion in 2024 at a compound annual growth rate (CAGR) of 18.4%. The growth in the historic period can be attributed to environmental concerns, health and nutrition, investment influx, consumer acceptance, cost reduction, culinary innovation.

The cultivated meat market size is expected to see rapid growth in the next few years. It will grow to $17.18 billion in 2028 at a compound annual growth rate (CAGR) of 16.5%. The growth in the forecast period can be attributed to scale-up initiatives, market expansion, global regulatory frameworks, competitive market landscape, nutritional tailoring, marketing and branding. Major trends in the forecast period include technological advancements, diverse product offerings, investment and funding, collaborations and partnerships, scaling production.

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Cultivated Meat Market Major Segments
The cultivated meat market covered in this report is segmented -
1) By Type: Red Meat, Poultry, Seafood
2) By Sources: Poultry, Beef, Seafood, Pork, Duck
3) By End-User: Nuggets, Burgers, Meatballs, Sausage, Hot dogs, Other End-Users

Key Driver - Growing Demand For Cultivated Meat Fueled By Sustainability And Rising Protein Trends

Increasing consumption of meat products is expected to propel the growth of the cultivated meat market going forward. Meat products are products that can be used as human food and are created entirely or partially from the meat or other parts of an animal's carcass. Cultivated meat has the potential to enhance meat consumption in a sustainable fashion by increasing the availability of food and potentially reducing world hunger. Cultivated meat uses fewer natural resources than conventional meat and does not require growing or butchering animals because supplied cells grow eternally. Additionally, the rising trend of protein consumption has favored the increased consumption of meat products. For Instance, in December 2021, according to a report published by the United States Department of Agriculture, a US-based organization for farming, forestry, rural economic development, and food, total per capita consumption of red meat and poultry was 224.1 pounds in 2020 and is projected to increase to 226.9 pounds by 2023. Furthermore, according to the Food and Agriculture Organization (FAO), an Italy-based organization dedicated to improving nutrition and food security, global meat consumption is expected to increase by 15% by 2031 due to population growth, and protein availability from poultry, pork, beef, and sheep meat is expected to increase by 16%, 17%, 8%, and 16%, respectively, by 2031. Therefore, the increasing consumption of meat products will drive the cultivated meat market.

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Prominent Trend - Sustainable Technology Sets A New Standard In Cultivated Meat Advancements
Technological advancements are a key trend gaining popularity in the cultivated meat market. Major companies operating in the cultivated meat market are involved in developing new and improved technology to sustain their position in the market. For instance, in July 2022, Meatable BV, a Netherlands-based biotechnology business, announced its innovative pork sausages product. The company has been developing and perfecting its approach to produce grown meat utilizing opti-ox technology without ever requiring FBS (fetal bovine serum). A single-cell sample obtained harmlessly from an animal is required to make actual meat with the same structure, texture, glossiness, and particular pork flavor. The product even produces the typical sizzle in the pan, similar to traditional sausages, and grows in just a few weeks, with research estimating that cultured meat might reduce the environmental impact of the meat industry by up to 92%.

Cultivated Meat Market Players
Major companies operating in the cultivated meat market report are Aleph Farms Ltd., MosaMeat BV, SuperMeat Just Inc., Integriculture Inc., Finless Foods Inc., Avant Meats Company Limited, UncommonBio, Biofood Systems LTD., Fork & Goode Inc., Mission Barns, Bluenalu Inc., Shiok Meats Pte Ltd., UPSIDE Foods, Clear Meat, Cubiq Foods, Gourmey, Eat Just Inc., Future Meat Technologies, Meatable B.V, José Batista Sobrinho, Agronomics Limited, CULT Food Science Corp, Tyson Foods Inc., Cargill Incorporated, Neto Group, BioTech Foods, LabFarm Foods, BioNaturals, Balletic Foods, Cultured Decadence

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Largest And Fastest Growing Region In The Market
North America was the largest region in the cultivated meat market in 2023. The regions covered in the cultivated meat market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Cultivated Meat Market Report Structure
3. Cultivated Meat Market Trends And Strategies
4. Cultivated Meat Market - Macro Economic Scenario
5. Cultivated Meat Market Size And Growth
…..
27. Cultivated Meat Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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