Cultured Meat Market CAGR to be 30.8% by 2050, owing to the growing demand for meat | Roots Analysis

According to our latest market report "Cultured Meat Market by Source of Meat, Type of Cultivation Technique, Form of Meat Produced, End Products Offered, Application, End Users and Key Geographical Regions: Industry Trends and Global Forecasts, Till 2050", the global cultured meat market size is projected to reach USD 229 billion by 2050 from USD 0.2 billion in 2024, growing at a CAGR of 30.8% in the forecast period 2024-2050.

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Cultured meat production is a process used to produce lab grown meat without slaughtering animals. The transformative method of producing cultured meat involves several steps that initiate with the extraction of cells from the desired animal, which are further cultivated to produce a tissue. This tissue is then harvested and processed to produce the final cultured meat product. Further, owing to the increase in the environment related awareness among people and the necessity for a sustainable and eco-friendly alternative to meat production process, cultured meat industry is anticipated to witness significant growth and to become one of the fastest growing markets within the meat industry in the coming years.

Cultured Meat Market Segments
Based on source of meat, the market is segmented into Beef, Pork, Poultry, Seafood and Others.

1. The poultry segment led the cultured meat market, capturing the largest revenue share of over 38% in 2024.
2. Seafood is anticipated to show an annual growth rate of 53%, during the forecast period.

Based on type of cultivation technique, the market is segmented into Scaffold-based Technique, Suspension-based Technique, Tissue-based Technique and Others.

1. Scaffold-based technique led the cultured meat market, capturing the largest revenue share of 34% in 2024.
2. Owing to the benefits associated with the scaffolds as a support for the growth of cultured meat, this segment is anticipated to dominate the market in the future as well.

Based on the form of meat produced, the market is segmented into Minced Meat and Whole-Cut Meat.

1. The minced meat segment led the cultured meat market, capturing the largest revenue share of 65% in 2024.
2. The whole-cut meat segment is anticipated to show an annual growth rate of 51%, during the forecast period.

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Based on end products offered, the market is segmented into Burger Patties, Filets / Steaks, Meatballs, Nuggets and Sausages

1. The filets / steaks segment led the cultured meat market, capturing the largest revenue share of 34% in 2024.
2. The Nuggets segment is anticipated to show an annual growth rate of 51.6%, during the forecast period.

Based on application, the market is segmented into Human Food Industry and Pet Food Industry

1. The human food industry segment led the cultured meat market, capturing the largest revenue share of 81% in 2024.
2. The pet food industry segment is anticipated to show an annual growth rate of 58%, during the forecast period.

Based on end users, the market is segmented into E-commerce, Restaurants and Retailers.

1. The restaurants segment led the cultured meat market, capturing the largest revenue share of 85% in 2024.
2. The e-commerce segment is anticipated to show an annual growth rate of 66.2%, during the forecast period.

Based on geography, the market is segmented into North America, Europe, Asia Pacific, Middle East and North Africa, Latin America and Rest of the World

1. Asia-Pacific dominated the cultured meat market and accounted for the largest revenue share of about 94% in 2024.
2. In Europe, the cultured meat market is anticipated to demonstrate lucrative growth during the forecast period with an annual growth rate of 87%.

Cultured Meat Market Regional Outlook
Based on the key geographical regions, the cultured meat market can be segmented into six major regions, including North America, Europe, Asia Pacific, Middle East and North Africa, Latin America and Rest of the World. Led by the Singapore, Asia-Pacific is anticipated to capture the majority share of the cultured meat market in 2024. Europe is accounted to be the fastest-growing segment of the market. The growth of the production market in this region is primarily driven by technical advancements, rise in aware population, low labor costs, increase in the establishment of cultured meat production facilities and structured regulatory reforms favoring the growth of the cultured meat industry.

Key Report Takeaways
1. Over 105 companies are currently involved in the production of cultured meat, in order to meet the rising consumer demand for sustainable protein sources, worldwide.
2. Owing to its nutrition profile and ability to be restructured, minced meat has emerged as the most preferred form of cultured meat; several commercialized products have been launched in collaboration with restaurants.
3. Close to 74% of the deals have been inked since 2022, demonstrating a considerable increase in partnership activity in recent years; of these, the majority (17%) are research and development agreements.
4. The market opportunity associated with cultured meat is likely to witness an annualized growth rate of 30.8% over the coming 26 years.

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Cultured Meat Market Key Players
Examples of key companies engaged in cultured meat (which have also been profiled in this market report; the complete list of companies is available in the full report) include Aleph Farms, Ants Innovate, Blue Ridge Bantam, BLUU, Esco Aster, Finless Foods, GOOD Meat, Meatiply, MIRAI FOODS, Mosa Meat, Newform Foods, Ohayo Valley, Steakholder Foods, The Better Butchers, UPSIDE Foods, Vow. This market report includes an easily searchable excel database of all the cultured meat providers.

Gaurav Chaudhary
Email: Gaurav.chaudhary@rootsanalysis.com or sales@rootsanalysis.com
Website: https://www.rootsanalysis.com

Roots Analysis is a global leader in the pharma / biotech market research. Having worked with over 750 clients worldwide, including Fortune 500 companies, start-ups, academia, venture capitalists and strategic investors for more than a decade, we offer a highly analytical / data-driven perspective to a network of over 450,000 senior industry stakeholders looking for credible market insights. All reports provided by us are structured in a way that enables the reader to develop a thorough perspective on the given subject. Apart from writing reports on identified areas, we provide bespoke research / consulting services dedicated to serve our clients in the best possible way.

This release was published on openPR.