The cultured meat is produced by taking a number of cells from an animal and growing them in a medium that is very rich in nutrients. These cells have the capability of multiplying to a great extent that every single cell can be used to manufacture a good amount of meat. Factors such as increasing demand for processed food products are increasing the demand of the market. The rising global population along with the growing need for increased food production with less dependency on climatic conditions is augmenting the demand for Cultured Meat. Increasing R&D, rising demand for alternative protein sources, adoption of technological advancements in cellular agriculture, increasing focus on animal welfare, and the rising demand for environmental sustainability will boost the growth of the global Cultured Meat market over the forecast period of 2019-2026.
Global Cultured Meat Market is valued approximately at USD 75.96 million in 2018 and is anticipated to grow with a healthy growth rate of more than 16% over the forecast period 2019-2026 and is estimated to reach USD 248.8 million by 2026.
The regional analysis of the global Cultured Meat Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the consumption of meat products, increase in investor interests in alternative proteins, and potentials to provide the required nutrition in tailor-made proteins. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2019-2026. Factors such as growing population, high disposable income, and rising demand for alternative protein would create lucrative growth prospects for the Cultured Meat Market across the Asia-Pacific region.
Major market players included in this report are Mosa Meat, Memphis Meats, SuperMeat, Just Inc, Integriculture Inc, Aleph Farms Ltd, Finless Foods Inc, Avant Meats Company Limited, Balletic Foods, and Bluenalu, Inc.
The detailed segments and sub-segment of the market are explained below:
By Source: Animal, Agriculture, Cold Chain, Food & Beverages, Others (Cannabis)
By End Use: Nuggets, Burgers, Meatballs, Sausages, Hot Dogs, Others
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