Global cultured meat market size to reach $352.4 million
The global cultured meat market is expected to reach $352.4 million by 2028, as consumers are inclined towards consumption of cultured meat to focus on healthy and clean eating habits and reduce cholesterol intake, according to a study released by Research and Markets.
The cultured meat market is projected to witness growth over the forecast period. Consumers are inclined towards consumption of cultured meat to focus on healthy and clean eating habits and reduce cholesterol intake.
The rising shift of consumers towards vegan and vegetarian diets also increases the demand for cultured meat. Growing awareness regarding animal welfare, increasing demand for meat products, the need for enhanced food safety, and rising disposable income are some factors boosting the market growth.
With increasing investments in the global cultured meat market, companies, manufacturers, and private organizations are collaborating to expand and cater to wider applications. The nuggets segment is expected to account for the highest share during the forecast period. The increasing demand for healthy snacks and on-the-go meals has increased the demand from this segment. Companies operating in this segment are developing healthy snacking products for specific demographics such as children and the aging population.
The different techniques for cultured meat production include scaffold-based technique, self-organizing technique, cell culture media, and others. The self-organizing technique is used for the production of complex structures in cultured meat products. Production of complex structures such as steak requires 3-dimensional tissue production using animal tissue explants.
The different sources of cultured meat include seafood, duck, beef, poultry, pork, and others. The poultry segment is expected to account for the highest share during the forecast period owing to its simplified cell structure and the ease of production as compared to other cultured meat. Rising urbanization, growth in environmental awareness, and technological advancements also support market growth in this region. Consumers in the region are increasingly realizing the importance of healthy eating which has increased the need for cultured meat production to provide nutritional requirements and offer enhanced food security.
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