Press release
Primary Catalyst Driving Cultured Meat Market Evolution in 2025: Rising Meat Consumption To Drive Market Growth Driver
Cultured Meat Market
Rising global meat consumption is fueling the expansion of the cultured meat industry. Regarded as a healthier alternative to animal meat due to lower contamination levels, cultured meat consumption is on the rise. Worldwide, the demand for meat has grown due to increased protein needs and higher disposable income. For example, data from the Australian Bureau of Statistics in June 2024 showed that red meat production in Australia jumped by 3.6% from March to June 2024. Over the same time span, production of chicken meat surged by a substantial 5.4% to a total of 374,602 tonnes. The production of beef also experienced a rise in the June 2024 quarter, up by 2.8% bringing the total to 626,781 tonnes.
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What is the future CAGR of the cultured meat market, and how will it impact industry expansion?
The size of the cultured meat market has seen significant expansion in the past few years. The market size, which is projected to be $0.23 billion in 2024, is expected to reach $0.28 billion in 2025, showcasing a compound annual growth rate (CAGR) of 19.9%. The observed growth in the historic phase is primarily due to factors such as sustainable food production, issues related to animal welfare, resource efficiency, an increased demand for alternate protein sources, as well as investments and funding.
The market size of cultured meat is predicted to undergo a significant boom in the upcoming years. It is projected to reach $0.54 billion in 2029, reflecting a compound annual growth rate (CAGR) of 18.3%. The enhanced growth trajectory during the forecast period could be due to cost-cutting approaches, worldwide population increase, product assortment expansion, and the merging of culinary practices. The impending trends for the forecast period encompass technological progression, investments and financial backing, a variety of cultured meat product types, as well as the consideration of environmental and ethical aspects.
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What are the most significant trends transforming the cultured meat market today?
Major firms in the cultured meat marketplace are innovating new products such as cultivated fish balls to garner a competitive advantage. Cultivated fish balls essentially mean fish balls crafted using cellular agriculture or cultured meat technology. For example, Umami Bioworks, a Singapore-based company specializing in cultivated seafood, introduced their product, the cultivated fish ball laksa, in August 2022. These fish balls contain cultivated fish cells and are fortified with plant proteins for an improved texture and structure. Umami Meats is committed to creating sustainable substitutes for endangered fish species through a non-GMO technique that generates fish muscle, fat, and connective tissue from a solitary stem cell. Their production procedure yields seafood that is unblemished by mercury, antibiotics, microplastics, or other oceanic pollutants offering consumers a healthy and sustainable alternative.
Which key market segments comprise the cultured meat market and drive its revenue growth?
The cultured meat market covered in this report is segmented -
1) By Type: Poultry, Beef, Seafood, Pork, Duck
2) By Application: Nuggets, Sausages, Burgers, Hot Dogs, Meatballs, Other Applications
3) By Distribution Channel: Hyper markets, Food And Drink Specialty Stores, Convenience Stores, Online Retail, Other Distribution Channels
4) By End-User: Household, Food Services
Subsegments:
1) By Poultry: Chicken, Turkey, Other Poultry
2) By Beef: Ground Beef, Steak, Other Beef Cuts
3) By Seafood: Fish, Shellfish, Other Seafood
4) By Pork: Bacon, Sausage, Pork Chops, Other Pork Cuts
5) By Duck: Duck Breast, Duck Leg, Other Duck Cuts
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What regions are at the forefront of cultured meat market expansion?
North America was the largest region in the cultured meat market in 2024. The regions covered in the cultured meat market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the cultured meat market?
Major companies operating in 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
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What Is Covered In The Cultured Meat Global Market Report?
•Market Size Forecast: Examine the cultured meat market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the cultured meat market for a structured understanding.
•Key Players Overview: Analyze major players in the cultured meat market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cultured meat market.
•Segment Contributions: Evaluate how different segments drive overall growth in the cultured meat market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cultured meat market.
•Industry Challenges: Identify potential risks and obstacles affecting the cultured meat market.
•Competitive Landscape: Review strategic developments in the cultured meat market, including expansions, agreements, and new product launches.
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