Press release
Cultured Meat Market Report: Key Market Size Numbers, A Staggering CAGR Value, and Major Market Trends
Cultured Meat Market Report
What Is The Projected Market Size Of The Global Cultured Meat Market And Its Growth Rate?
The cultured meat market is projected to grow rapidly. Key figures include:
• The market size was $0.23 billion in 2024.
• This is expected to rise to $0.28 billion in 2025, indicating a CAGR of 19.9%.
• Key drivers are sustainable food production, animal welfare concerns, resource efficiency, demand for protein alternatives, investments and funding.
• Looking further ahead, the market is expected to reach $0.54 billion in 2029 at a CAGR of 18.3%.
• The anticipated growth drivers are cost reduction strategies, global population growth, diversification of product offerings and culinary integration.
• Major trends include technological advancements, investment and funding, diversity of cultured meat products, and environmental and ethical considerations.
What Is Driving The Growth In The Cultured Meat Market?
The growth in the cultured meat market is strongly linked to the increasing global meat consumption. As people around the world consume more meat due to the increase in disposable income and the rising need for protein, cultured meat is establishing itself as a healthier alternative, being less contaminated than animal meat. For example, red meat and chicken meat production in Australia saw an increase of 3.6% and 5.4% respectively from March 2024 to June 2024, as reported by the Australian Bureau of Statistics. This trend is contributing to a drive in demand for cultured meat.
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Who Are the Key Players Driving Cultured Meat Market Growth?
Key players within the cultured meat market include:
•Shiok Meats Pte. Ltd.
•Because Animals Inc.
•Lab Farm Foods Ltd.
•Biofood Systems Inc.
•Mosa Meat BV
•Higher Steaks Cultivated Meat Ltd.
•UPSIDE Foods Inc.
•Eat Just Inc.
•Mission Barns Food Inc.
•Memphis Meats Inc.
•Mirai Foods Co. Ltd.
•Aleph Farms Ltd.
•Vow Foods Pty. Ltd.
•BioTech Foods Ltd.
•Meatable Pte. Ltd.
•Future Meat Technologies Ltd.
•Hoxton Farms Inc.
•Modern Meadow Inc.
•Bond Pet Foods Inc.
•Redefine Meat Ltd.
•MeaTech 3D Ltd.
•Finless Foods Inc.
•SuperMeat Ltd.
•Integriculture Inc.
•Cubiq Foods Inc.
•Cell Farm Food Tech Ltd.
•Avant Meats Company Inc.
•Cultured Decadence LLC
What Are The Key Trends In The Cultured Meat Market?
Major trends in the cultured meat market include:
• Technological advancements
• Investment and funding
• Diversity of cultured meat products
• Environmental and ethical considerations.
What Are The Segments Of The Global Cultured Meat Market?
The cultured meat market is segmented by:
• Type: Poultry, Beef, Seafood, Pork, Duck
• Application: Nuggets, Sausages, Burgers, Hot Dogs, Meatballs, Other Applications
• Distribution Channel: Hyper markets, Food And Drink Specialty Stores, Convenience Stores, Online Retail, Other Distribution Channels
• End-User: Household, Food Services
Which Region Leads The Cultured Meat Market?
North America led the cultured meat market in 2024, establishing it as the most prominent region for this market. Other evaluated regions include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, Africa.
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What Is Covered In The Cultured Meat Market Global Market Report?
- Market Size Analysis: Analyze the Cultured Meat Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cultured Meat Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cultured Meat Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cultured Meat Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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