Global Cultured Meat Market Share Likely to Reach At a CAGR of 15% By 2030 - Custom Market Insights

Custom Market Insights

Custom Market Insights

According to CMI the global cultured meat market size was worth around USD 119 million in 2021 and is predicted to grow to around USD 450 million by 2030

SANDY, UTAH, UNITED STATES, August 11, 2022 /EINPresswire.com/ -- According to Custom Market Insights (CMI), the global cultured meat market size was worth around USD 119 million in 2021 and is predicted to grow to around USD 450 million by 2030 with a compound annual growth rate (CAGR) of roughly 15% between 2022 and 2030. The report analyses the cultured meat market’s drivers and restraints, as well as the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global cultured meat market.

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Growth Factors

Increased meat consumption, coupled with increased demand for nutritious meat, is expected to drive market expansion over the forecast period. Consumers are shifting their focus to a more nutritious diet that promotes a more sustainable lifestyle and is less dependent on animal protein.

Segmental Overview

Based on the source, the market is divided into beef, pork, chicken, duck, and seafood. Among them, chicken consumed much more than other meats, so the poultry sector had a large market share. Therefore, the major producers are mainly focused on the production of poultry, which is very popular all over the world.

Read All Processed & Frozen Foods Market Research Report @ https://www.custommarketinsights.com/reports-store/food-beverages/processed-frozen-foods/

Regional Overview

Based on the regional division, in 2021, the majority of the market share was occupied by the North American region. Some of the major factors responsible for the dominant market share are increased urbanization, increased technological advances in cell culture, growth in R&D activities, and the presence of international players in the region. In addition, a group of Americans has shifted their tastes to alternative meat products for increased profits.

The study includes an in-depth competitive analysis of these key players in the cultured meat market with their company profiles, recent developments, and key market strategies. Cubiq Foods S.L., Future Meat Technologies, Meatable B.V., Memphis Meats, Mission Barns, Mosa Meat BV, and Redefine Meatare other players in the market.

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Memphis Meats
SuperMeat
Just, Inc
Aleph Farms Ltd
Appleton Meats

The global cultured meat market is segmented as follows:

By Source

Poultry
Beef
Seafood
Pork
Duck

By End-Use

Nuggets
Burgers
Meatballs
Sausages

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By Geography

North America
The U.S.
Canada
Mexico

Europe
France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa
Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America
Brazil
Argentina
Rest of Latin America

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About Us

Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.

Custom Market Insights provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.

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Custom Market Insights
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