Cultured Meat Market Size 2024 to 2031.

Market Overview and Report Coverage

Cultured meat, also known as lab-grown meat or clean meat, is produced by cultivating animal cells in a controlled environment to create edible meat products. This innovative technology has been gaining traction in the food industry as a sustainable solution to traditional livestock farming.
The future outlook for the Cultured Meat Market is promising, with a projected Compound Annual Growth Rate (CAGR) of 12.75% during the forecasted period. As consumers become more conscious of environmental and ethical concerns associated with conventional meat production, the demand for cultured meat is expected to rise. Additionally, advancements in biotechnology and production processes are likely to drive the market expansion further.
The current outlook for the Cultured Meat Market is also positive, with several startups and established companies investing in research and development to bring cultured meat products to market. These companies are working towards improving the efficiency and scalability of production methods to meet the growing demand for sustainable meat alternatives.
Overall, the Cultured Meat Market shows great potential for growth in the coming years as consumers increasingly prioritize sustainability and ethical considerations in their food choices.

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Market Segmentation
The Cultured Meat Market Analysis by types is segmented into:
• Chicken
• Beef
• Pork
• Seafood
• Others

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Cultured meat market includes various types such as chicken, beef, pork, seafood, and others. Chicken cultured meat is produced from animal cells to replicate the taste and texture of real chicken meat. Beef cultured meat is made from cow cells, providing a sustainable alternative to traditional beef production. Pork cultured meat is created using pig cells to offer a more environmentally friendly option to pork products. Seafood cultured meat includes fish and other marine animals produced using innovative cellular agriculture techniques. Other types of cultured meat may include lamb, turkey, and more.

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The Cultured Meat Market Industry Research by Application is segmented into:
• Meat Products
• Fresh Meats

The cultured meat market involves producing meat products through cell culture techniques in a lab setting. This innovation is aimed at providing a sustainable and ethical alternative to traditional meat production methods. The meat products from this market can be utilized in various food applications, including in the fresh meats market as a healthier and more environmentally friendly option. Cultured meat offers consumers a way to enjoy their favorite meat products without the negative impacts associated with conventional meat production.

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In terms of Region, the Cultured Meat Market Players available by Region are:

North America:
• United States
• Canada

Europe:
• Germany
• France
• U.K.
• Italy
• Russia

Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia

Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia

Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea


What are the Emerging Trends in the Global Cultured Meat market?
The global cultured meat market is witnessing several emerging trends that are shaping the future of the industry. These trends include the increasing demand for sustainable and ethical food solutions, advancements in biotechnology and cell culture techniques, growing investments from major players and startups, expanding research and development activities, and rising consumer awareness about the environmental impact of traditional meat production. Additionally, collaborations between companies and academic institutions, regulatory approvals for cultured meat products, and the development of new varieties of cultured meats are further driving innovation and growth in the market.

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Major Market Players
Eat Just, formerly known as Hampton Creek, is a San Francisco-based company known for its plant-based products such as egg substitutes and mayonnaise. In recent years, the company has entered the cultured meat market with its cultivated chicken product, which was approved for sale in Singapore in 2020. Eat Just has raised over $300 million in funding and has established itself as a key player in the cultured meat industry.
Mosa Meat is a Dutch company founded in 2016 that is known for creating the world's first cultured beef burger. The company has received significant funding from investors and is considered a pioneer in the cultured meat market. Mosa Meat has been focused on scaling up its production capabilities to bring its products to market on a larger scale.
Upside Foods, formerly known as Memphis Meats, is a San Francisco-based company known for its cultured meat products, including beef, chicken, and duck. The company has raised over $180 million in funding and is considered a leader in the cultured meat industry. Upside Foods has been focused on creating sustainable and ethical meat products that have a lower environmental impact compared to traditional animal agriculture.
According to a report by Meticulous Research, the global cultured meat market is expected to reach $20 million by 2027, with a compound annual growth rate of 15.7% from 2020 to 2027. The market is expected to be driven by increasing concerns about the environmental impact of traditional animal agriculture and the rising demand for sustainable and ethical meat products. Sales revenues for companies in the cultured meat market vary, with some companies reporting millions of dollars in revenue from partnerships and product sales.

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This release was published on openPR.