Global Cultured Meat Market Booming at a CAGR of 4.0 % to Estimated $ 16.01 Bill

Posted by swamiv on November 18th, 2019

Global Cultured Meat Market, By Source (Poultry, Pork, Beef, Duck) By End Use (Nuggets, Burgers, Meatballs, Sausages, Hot Dogs, Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025

Market Analysis: Global Cultured Meat Market

The Global Cultured Meat Market is expected to reach USD 16.01 million by 2025, from USD 15.0 million in 2017 growing at a CAGR of 4.0% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Market Definition: Global Cultured Meat Market

 The cultured meat is a type of meat which is produced from in vitro nature cell. This meat is produced by taking different cells from various animals and growing them in a medium which is rich in nutrients. These cells can be multiplied to a great extent and a single cell can be used to manufacture a good amount of meat. In order to manufacture this meat in a bulk quantity various steps are needed to be taken under consideration. The cultured meat is the most favoured solution around the globe for increasing the meat requirement ever. These meat products also provide with favourable level of saturated fat and reduce the environmental impact. Cargill (U.S.) which is one of the key players of the protein market has committed to invest and grow its traditional protein business which is derived from animal. The company is committed to invest nearly up to USD 700 million in protein industry which is predictable in north of America.  

Market Drivers:

  •          Increasing demand for alternative protein
  •          Technological advancements in cellular agriculture
  •          Enhanced food safety
  •          Environmental sustainability
  •          Focus on animal welfare

Market Restraint:

  •          Stringent regulatory environment
  •          High set up cost


Segmentation: Global Cultured Meat Market

By Source

  •          Poultry
  •          Pork
  •          Beef
  •          Duck

 By End User

  •          Nuggets
  •          Burgers
  •          Meatballs
  •          Sausages
  •          Hot Dogs
  •          Other

Competitive Landscape: Global Cultured Meat Market

The Global Cultured Meat Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cultured meat market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Market Competitors: Global Cultured Meat Market

The key players operating in the global cultured meat market are –

  •          Mosameat
  •          Memphis Meats
  •          Supermeat
  •          Just, Inc.
  •          Integriculture Inc

 The other players in the market are Francisco-based Memphis Meats, MosaMeat, Brooklyn-based Modern Meadow, Tel Aviv-based Super Meat, and Brooklyn-based Finless Food and many more.

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Joined: October 30th, 2019
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