The latest research study “Cultured Meat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global cultured meat market reached a value of US$ 161.6 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 372.04 Million by 2027, exhibiting a CAGR of 14.30% during 2022-2027.
Cultured meat is derived by cultivating animal cells in laboratories through defined scientific procedures. It can be of several types, including beef, seafood, pork, duck, poultry, etc. These cultured meat products are not artificial in nature. They are produced from the stem cells that are immersed in a liquid containing nutrients to help them duplicate and then kept in a bioreactor, a device designed for growing organisms. The cultured meat variants eliminate the need for farming and slaughtering animals for food, prevent E. coli bacteria and other contaminants from entering the human body, and reduce the release of methane, carbon dioxide, and nitrous oxide as compared to traditional meat production. Consequently, they are in extensive demand among consumers across countries.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Global Cultured Meat Market Trends and Drivers:
The rising number of individuals allergic to animal-based proteins and the escalating concerns about animal safety and welfare are primarily driving the cultured meat market. Besides this, the elevating awareness towards the benefits of lab-cultivated meat products, such as low environmental impact, decreased public health risks, eliminated need to raise animals, etc., is acting as another significant growth-inducing factor.
Furthermore, the inflating investments by key market players in research and development (R&D) activities and the introduction of 3D printed cultured meat are also positively influencing the market growth. Additionally, the increasing demand for quick-service restaurants (QSRs) and the expanding improvements in online food delivery services are expected to propel the cultured meat market over the forecasted period.
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Cultured Meat Market Report Scope |
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Report Coverage |
Details |
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Market size value in 2021 |
US$ 161.6 Million |
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Market forecast in 2027 |
US$ 372.04 Million |
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Growth Rate |
CAGR of 14.30% from 2022 to 2027 |
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Base year for estimation |
2021 |
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Historical data |
2016-2021 |
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Forecast period |
2022-2027 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
Source, Application, End User and Region |
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Regional scope |
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
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Key companies profiled |
Aleph Farms, BlueNalu Inc., Cubiq Foods S.L., Finless Foods Inc., Future Meat Technologies, IntegriCulture Inc., Meatable, Mission Barns, Mosa Meat, New Age Meats, Shiok Meats and Upside Foods. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Source:
• Poultry
• Beef
• Seafood
• Pork
• Duck
Breakup by Application:
• Nuggets
• Burgers
• Meatballs
• Sausages
• Hot Dogs
Breakup by End User:
• Household
• Food Services
By Geography:
• North America
o United States
o Canada
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa
List of Major Key Players:
The major players in the market are Aleph Farms, BlueNalu Inc., Cubiq Foods S.L., Finless Foods Inc., Future Meat Technologies, IntegriCulture Inc., Meatable, Mission Barns, Mosa Meat, New Age Meats, Shiok Meats and Upside Foods.
About Us:
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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