Cultured Meat Market Growth Projections to 2032

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Cultured Meat Market Size to Cross USD 20 Bn by
2032
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Overview of Cultured Meat Market

• Cultured Meat Market is estimated to grow
  substantially through 2032, owing to the rising
  awareness regarding food safety and health
  benefits. In addition, the growing demand for
  animal-based product substitutes will also
  positively impact the industry growth in the
  coming years. Less contamination, fewer
  antibiotics, and reduced environmental impact are
  some of the key benefits slated to boost the
  product adoption.
• An upsurge in animal protein or alternate protein
  consumption would further add to the market curve
  during 2023-2032. According to reports, in 2020,
  approximately thirteen million metric tons of
  alternative proteins were globally consumed.
  Besides, the high demand for quick-service
  restaurants, as they serve food items that
  require minimal preparation time and are
  delivered quickly, is likely to impel the product
  consumption.
• Key players in the market are engaging in
  strategic initiatives such as mergers and
  acquisitions, partnerships, RD investments, and
  new product launches to gain a competitive edge
  in the overall industry. To cite an instance, in
  February 2021, Mosa Meat announced concluding its
  Series B funding of 85 million. The raised
  capital was apparently used to expand the
  company's existing pilot production facility at
  its home in Maastricht.

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• Overall, the cultured meat industry is segmented
  in terms of source, end-use, and region.
• Based on source, the beef segment is expected to
  be valued at USD 3.4 billion by 2032, owing to
  the rising consumption and demand for beef.
  According to reliable reports, the global intake
  of beef in 2020 was approximately 130 billion
  pounds, with the United States accounting for 21
  of the meat consumption. Moreover, the ongoing
  issues regarding the supply-demand gap, that can
  be overcome due to cultured beef could stimulate
  the segmental growth over the next ten years.
• By end-use, the sausages segment is expected to
  exhibit over 154.5 CAGR from 2023-2032. The
  rising demand for farm-free fast foods that
  contain some flavor of traditional meat is
  anticipated to spur the demand for sausages. In
  addition, several leading industries are seeking
  ways to replace conventional farming with shiny,
  clean aluminum bioreactors that stir out
  drumsticks, tasty steaks, and flour, which will
  further aid the industry in expanding in the
  foreseeable future.

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• Regionally, the Europe cultured meat market is
  anticipated to garner potential gains by 2032
  end. The regional market growth can be attributed
  to the rising demand for alternative proteins and
  increasing consumer awareness of healthy eating
  and staying fit following the COVID-19 outbreak.
  In addition, nutrition, safety, and
  sustainability are the key benefits offered by
  the alternative protein that will boost its
  adoption in the region in the coming years.
• Notable participants in the Cultured Meat market
  include Mosa Meat, Upside Foods, Aleph Farms,
  Finless Foods, Meatable, New Age Meats,
  HigherSteaks, Biofood Systems, Avant Meats
  Company Limited, Balletic Foods, Future Meat
  Technologies, BlueNalu, Eat Just, Biotech Foods,
  and Cell AG Tech

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