Cultivated Meat Market Analysis by Size, Share, Opportunities, Revenue, Future Scope and Forecast 2029
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 (MMR) conducts an in-depth analysis of the global Cultivated Meat Market, examining each sector and taking into account both global and regional trends. The report ensures a balanced market overview by extensively covering the primary drivers and significant restraints. To offer readers a comprehensive understanding of the Cultivated Meat Market, the report is organized into distinct sections, encompassing Products, Applications, Retailers, and Regions. Furthermore, the report provides long-term industry forecasts for the global Cultivated Meat Market, allowing for informed decision-making.
Cultivated Meat Market Scope
This report provides an extensive analysis of the Cultivated Meat Market, encompassing its presence at country, regional, and global levels. The regional analysis offers insights into the Cultivated Meat Market's penetration, competitive landscape, and demand dynamics at the local, regional, and global scales. The data utilized in this analysis is obtained through a combination of primary and secondary research methods. The primary research methods involve surveys, telephonic interviews with industry specialists, market leaders, entrepreneurs, and marketing professionals. Secondary data, sourced from reliable and selected references, includes official databases from various organizations, industry journals, white papers, and annual reports, ensuring the reliability of the obtained insights.
Cultivated Meat Market Dynamics:
Global demand for meat and meat products is being driven by factors including an expanding population, growing average wages, and shifting lifestyles. Livestock productivity is rising as a result. However, growing meat production and consumption are harmful to the environment and people's health, which is a major obstacle to the sustainability of food production. The usual meat supply is also anticipated to fall short of meeting demand. This situation is encouraging the development of meat replacements that enable dietary adjustments as well as the expansion of producers of alternative proteins. All meat alternatives, including lab-grown or produced meat, are regarded as being advantageous for both customers and the environment. As a result, there is a need for sustainable alternatives to animal production, which results in the production of meat.
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Segmentation:
by Sources
Poultry
Beef
Seafood
Pork
Duck
From Source, Due to the rising popularity of poultry products in various quick-service restaurants, or QSRs, which has inspired producers to develop new alternative goods to meet potential customers' needs, the poultry segment is anticipated to dominate the global cultivated meat market during the forecast period. It is anticipated that poultry and meat products from farms will be less expensive and more widely accepted than those from other sources. Similar to how there is a big demand for chicken goods due to the rising demand for animal protein. This is anticipated to accelerate the expansion of the global market for produced meat. The global market for cultured meat is also anticipated to be driven by a rise in demand for chicken meat as a result of the rapidly expanding urban populations in emerging countries. Likewise, the tendency of eating out
by Type
Red Meat
Poultry
Seafood
by End-Use
Nuggets
Burgers
Meatballs
Sausage
Hot dogs
Others (pet food, and foie gras)
The nuggets segment is anticipated to represent the biggest market share by end-use throughout the forecast period. The market for nuggets, a significant processed beef product, is expanding quickly. In the US and other North American nations, chicken is still a widely consumed meat. One of the most popular kinds of chicken flesh products consumed worldwide are nuggets. Due to the rising on-the-go culture and snack product consumption, notably in the United States, consumers are looking for alternatives that are simple to eat at any time. Important companies like Tyson Foods and Cargill are investing in the production of clean meat or cultured meat chicken products in the form of nuggets in an effort to attract customers. The result is
Key Players
Primary and secondary research is used to identify market leaders, and primary and secondary research is used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
Cultivated Meat Market Key Players are:
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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Regional Analysis
The report offers a comprehensive analysis of the growth pattern of the global Cultivated Meat Market, providing detailed insights into its trajectory. It focuses on the most influential regions in the Cultivated Meat Market, including North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa, which collectively have a global impact. The forecast of the Cultivated Meat Market for each country incorporates significant indicators such as consumption quantities, manufacturing sites and volumes, import-export analysis, price trend analysis, cost of raw materials, and value chain analysis. These indicators play a vital role in understanding the market dynamics and predicting its future trends.
Key Questions answered in the Cultivated Meat Market Report are:
- What is the Cultivated Meat Market?
- What is the forecast period of the Cultivated Meat Market?
- What is the competitive scenario of the Cultivated Meat Market?
- Which region held the largest market share in the Cultivated Meat Market?
- What are the opportunities for the Cultivated Meat Market?
- What are the restraining factors in the Cultivated Meat Market?
- Who are the key players of the Cultivated Meat Market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth Drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Cultivated Meat Market#
- Landscape- Leading key players and other prominent key players.
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