The global cultured meat market is projected to reach $738.7 million by 2028, at a CAGR of 24% during 2023-2028. The growth of cultured meat market is driven by increasing inclination towards animal welfare and environmental sustainability, rising population along with growing food safety concerns, and growing focus on securing meat supply.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the cultured meat market by source
(poultry, beef, seafood, pork, duck, and others), end use industry (nuggets,
burgers, meatballs, sausages, hotdogs, and others), and region (North America,
Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the cultured meat market?
Q.4 What are some
changing demands of customers in the cultured meat market?
Q.5 What are the new
developments in the cultured meat market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this cultured meat area and how big of a
threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this cultured meat market?
Market Segmentation:
Based on source, the
cultured meat market is segmented into poultry, beef, seafood, pork, duck, and
others. The poultry segment accounted for the largest share of the market in
2023 and is expected to register the highest CAGR during the forecast period,
due to the increasing popularity of poultry products in various quick-service
restaurants, and this trend has encouraged manufacturers to develop innovative
alternative products to meet future needs of consumers.
North America will
remain the largest region over the forecast period due to growing urbanization
and increasing presence of international players in this region along with
rising demand for sustainable meat and poultry products in the region.
Key Players in the
cultured meat market are Biofood Systems, Integriculture, New Age Meats,
Balletic Foods, Memphis Meats, Aleph Farms, Mosa Meat, Appleton Meats, Cubiq
Foods, and Mission Barns.
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
Related reports
Prebiotics in the Global Food Additive Market
Phytogenic Feed Additive Market
Dietary Fiber in the Global Food Additive Market
Essential Oil based Flavour and Fragrance Market
Carbohydrase Food Enzyme Market
Flavor Enhancers in the Global Food Additive Market
No comments:
Post a Comment