Cultured Meat Market worth USD 2,788.1 million by 2030

The Market Statsville Group (MSG) publishes the new report on the "Cultured Meat Market by Type (Red Meat, Poultry, and Seafood), by End-Users (Household and Food Services), by Region (North America, South America, Asia Pacific, Europe, and the Middle East & Africa) – Global Share and Forecast to 2030".

The global cultured meat market size is expected to grow from USD 1.64 million in 2021 to USD 2,788.1 million by 2030, at a CAGR of 95.8% during the forecast period. Cultured meat is cultured in bioreactor under artificial conditions. Multiple emergent factors are expected to influence the demand for meat, such as an increase in the urbanized population and a rise in personal disposable income coupled with adopting a healthy lifestyle. Irrespective of these factors, religious & personal beliefs could shift dietary patterns. For instance, Islam forbids pork consumption, and Hinduism restricts both beef and pork. Thus, food consumption depends on the influence of religion and on the extent to which individuals follow. Furthermore, in Japan, seafood, traditionally the primary protein source, has been gradually replaced by meat. Nontraditional foods, bread, and milk are commonly consumed in China, and have become a significant part of urban Chinese breakfast.

Scope of the Global Cultured Meat Market

The global cultured meat market has been categorizes into the type, end-users, and region.

• By Type (Red Meat, Poultry, and Seafood)
• By End-Users (Household and Food Services)
• By Region (North America, Asia Pacific, Europe, South America, and the Middle East & Africa)

Food service, by end-users, hold the largest market share

By end user, the cultured meat market is fragmented into household and food services. The food services segment led the market and accounted for 90.3% of the global cultured meat market in 2021. The food service industry includes fast-food restaurants, cash & carry outlets, caterers, hotel chains, and other business buyers. The frozen form of cultured meat is likely to have significant importance in the food services industry, as it can be stored and used over a long time, saving operational costs.

The food service industry is expected to dominate the market in the years ahead, owing to rapid urbanization, an upsurge in disposable income, and an increase in the trend of dining out. Furthermore, the rise in the number of food delivery apps has resulted in an increased number of restaurants and hotels globally, promoting the food service industry growth.

Don't miss out on business opportunities in Cultured Meat Market. Speak to our research analyst and gain crucial market insights that will benefit your business grow.

Asia Pacific accounts for the largest market share in the cultured meat market in 2021

Based on the regions, the global cultured meat market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, North America accounted for the highest market share of 57.9% in the global cultured meat market. Asia region for the cultured meat market is studied across Singapore, Japan, China, and Rest of Asia. Singapore is major country in the cultured meat market in Asia region, Japan and China have highest consumption of meat in this region.

Asia has witnessed an increase in the number of players entering into the market. These players are focusing on new product development and increase in production capabilities, foreseeing the upcoming demand for cultured meat products. Recently, in December 2020, cultured meat produced in bioreactors of Eat Just, Inc. without the slaughter of animals was approved for sale by a regulatory authority for the first time in Singapore. It is the first product in the cultured meat industry that has received approval for commercial sale. The cells used to start the process of meat creation came from a cell bank and did not require the slaughter of chickens and were taken from biopsies of live animals.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the cultured meat market. It also consists of the profiles of leading companies such as Aleph Farms Ltd., Cubiq Foods S.L, Future Meat Technologies, Meatable B.V, Memphis Meats, Eat Just, Inc., Mission Barns, Mosa Meat BV, Vow Group Pty Ltd., and Redefine Meat Ltd.

Browse complete report: https://www.marketstatsville.com/cultured-meat-market

About Market Statsville Group

Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.

MSG has an entire repository of research reports on more than 1,000 niche industries, 3,000 high-growth potentials markets, 5,000 data sets, and more than 12,000 company profiles.

Contact Us:

Market Statsville Group

416, East Standsberry Street, Perkins, Oklahoma 74059, USA

USA: +1-580-205-2707 | +91 702 496 8807

Email: sales@marketstatsville.com

Web: www.marketstatsville.com