Real animal flesh, including fish and organ meats, is produced from animal cells and is referred to as cultured meat, lab-grown meat, or even just cultured meat. It is no longer necessary to farm and raise animals for food thanks to this type of manufacturing.
Forecast Increase in Revenue:
The Cultivated Meat Market size was valued at US$ 7.88 Bn. in 2022 and the total Cultivated Meat revenue is expected to grow at 16.47% from 2023 to 2029, reaching nearly US$ 22.92 Bn.
Cultivated Meat Market Overview:
Maximize Market Research is a main studies firm that has furnished an in-depth analysis of the "Cultivated Meat Market," overlaying its growth, trends, and forecasts.
Cultivated Meat Market Scope and Methodology:
This study gives an exhaustive evaluation of the Cultivated Meat Market, geared toward uncovering critical insights for strategic selection-making. The file thoroughly examines market traits, dynamics, and key highlights to help customers become aware of opportunities and expand effective Cultivated Meat Market strategies. By utilizing each number one and secondary data assets, qualitative and quantitative records are carefully amassed and analyzed. Initial consultations with enterprise specialists unveil sizable findings, supplemented through additional resources together with press releases, white papers, and monetary reports. The report elucidates elements impacting the Cultivated Meat Market place, such as drivers, limitations, and constraints, in addition to possibilities ripe for exploration.
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Cultivated Meat Market Segmentation:
According to Source, Because poultry products are becoming more and more popular in quick-service restaurants, or QSRs, producers are being compelled to create new, alternative products in order to meet the needs of potential customers. As a result, the poultry segment is anticipated to dominate the global cultivated meat market during the forecast period. It is anticipated that products made from raised chicken and meat will be more widely accepted globally and cost less than those from other sources.
During the forecast period, the nuggets segment is anticipated to hold the largest market share by end-use. The demand for nuggets, a popular processed beef product, is rising quickly. In the US and other North American nations, chicken is still a widely consumed meat. In many countries, one of the most popular forms of chicken meat products consumed is nuggets.
Conclusion:
The Cultivated Meat Market, valued at USD 7.88 billion in 2022, is projected to grow at a robust CAGR of 16.47%, reaching nearly USD 22.92 billion by 2029. This growth is driven by increasing global meat demand, environmental sustainability concerns, and the health benefits associated with lab-grown meat. Despite challenges such as high production costs and safety concerns, the market is bolstered by advancements in cellular agriculture and rising consumer preference for alternative proteins. Significant investments and developments, especially in the Asia-Pacific and North American regions, underscore the market's potential, making cultivated meat a key player in the future of the food industry.
Cultivated Meat Market Key Players:
1. Memphis Meats (US)
2. MosaMeat (Netherlands)
3. SuperMeat (Israel)
4. Just, Inc (US)
5. Integriculture (Japan)
6. Aleph Farms Ltd (Israel)
7. Finless Foods Inc. (US)
8. Avant Meats Company Limited (China)
9. Balletic Foods (US)
10.Future Meat Technologies Ltd (Israel)
11.Appleton Meats (Canada)
12.Higher Steaks (UK)
13.Biofood Systems LTD (Israel)
14.Fork & Goode (US)
15.Meatable (Netherlands)
16.Mission Barns (US)
17.Bluenalu, Inc. (US)
18.New Age Meats (US)
19.Shiok Meats (Singapore)
20.Seafuture Sustainable Biotech (Canada)
21.Wild Type (US), Lab farm Foods (US)
22.Cubiq Foods (Spain)
23.Kiran Meats (US)
24.Cell Farm FOOD Tech/Granja Celular S.A (Argentina)
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Cultivated Meat Market Regional Insights:
The Cultivated Meat Market place is segmented across several regions, along with North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. This local evaluation offers an in-depth exploration of key elements which include market size, boom rates, and import-export dynamics within each location. The Regional Analysis phase of the report offers distinct insights into the reputation of the Cultivated Meat Market across various international locations, highlighting particular tendencies, regulatory landscapes, and competitive dynamics precise to each geographical vicinity.
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