Cultivated Meat Global Market Is Expected To Grow At A Rate Of 17% Through 2023 – 2027
28 Jun, 2023
The global cultivated meat market size is expected to grow from $6.63 billion in 2022 to $7.87 billion in 2023 at a compound annual growth rate (CAGR) of 18.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global cultivated meat market size is expected to reach $14.77 billion in 2027 at a CAGR of 17%.
Global Cultivated Meat Market Key Driver
Increasing meat consumption is predicted to drive the expansion of the farmed meat market in the future. Meat products are those that may be eaten by humans and are made fully or partially from the meat or other elements of an animal's carcass. Cultivated beef has the potential to increase meat consumption in a sustainable way by increasing food availability and potentially decreasing global hunger. Cultivated meat consumes fewer natural resources than conventional meat and does not necessitate the raising or slaughter of animals because provided cells grow indefinitely. Furthermore, the rising protein consumption trend has favoured higher consumption of meat products.
Get a sample of the global cultivated meat market reportGlobal Cultivated Meat Market Segments
The global cultivated meat market 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
4) By Geography: The regions covered in the cultivated meat market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global cultivated meat market.
Major Cultivated Meat Industry Players
Aleph Farms Ltd., MosaMeat BV, SuperMeat Just Inc, Integriculture Inc., Finless Foods Inc., Avant Meats Company Limited, Higher Steaks, Biofood Systems LTD., Fork & Goode Inc., Mission Barns, Bluenalu Inc., Shiok Meats Pte Ltd., Memphis Meats, Appleton Meats, Seafuture Sustainable Biotech
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Cultivated Meat Market Overview
Cultivated meat, also known cultured meat, refer to actual meat from animals produced in a lab by directly cultivating animal cells. Cultivated meat is created by harvesting cells from live animals which is grown in a bioreactor by feeding the cells with nutrients. The cultivated meat are used to satisfy the increasing demand for food by the growing human population.
Cultivated Meat Global Market Report 2023 provides data on the global cultivated meat market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The cultivated meat market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.