DUBLIN--(BUSINESS WIRE)--The "Cultured Meat Market by Source (Poultry, Beef, Seafood, Pork, and Duck), End-Use (Nuggets, Burgers, Meatballs, Sausages, Hot Dogs), and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) - Global Forecast to 2032" report has been added to ResearchAndMarkets.com's offering.
The global cultured meat market is estimated to be valued at USD 214 million in 2025 and is projected to reach USD 593 million by 2032, recording a CAGR of 15.7% from 2025 to 2032 in the normal scenario.
Factors such as the rising consumption of meat coupled with increasing demand for nutritional meat is projected to drive the growth of the cultured meat industry during the forecast period.
This report segments the cultured meat market, based on source, end-use, and region. In terms of insights, this research report focuses on various levels of analyses - competitive landscape, end-use analysis, and company profiles - which together comprise and discuss the basic views on the emerging & high-growth segments of the cultured meat market, high-growth regions, countries, industry trends, drivers, restraints, opportunities, and challenges.
By source, the poultry segment is accounted for the largest share in 2021
The poultry segment accounted for a significant share in the global cultured meat market, based on the source, in 2021 due to the high preference of chicken products in the nugget form in popular food chains such as KFC. The cultured chicken products are expected to have a lower price as compared to other sources and gain wide popularity around the globe. Moreover, the rising demand for chicken meat, owing to the rapidly growing urbanized population in developing countries, is expected to support the cultured meat market globally.
By end-use, the nugget segment in the cultured meat market is projected to grow at the highest CAGR during the forecast period
Based on end-use, the cultured meat market is segmented into nuggets, burgers, meatballs, sausage, hot dogs, and others. Most of the restaurants and hotels serve chicken products in the form of nuggets, due to the increasing convenience of eating meat and its low cost, as compared to the other chicken products. This leads to the growing use of cultured meat in the nuggets segment. The rising trends of consuming on-the-go food products also make nuggets, a preferred choice for consumers. Key fast food retailers such as KFC and the supermarkets are also offering chicken nuggets, as consumers prefer spending on ready-to-eat food products instead of cooking.
North America is projected to be the fastest-growing cultured meat market, due to the high investment by various companies for the production of cultured meat
The cultured meat market in North America is driven majorly by the high economy, rise in innovations and developments, and high spending for efficient R&D related to the cultured meat. In the US and Canada, metropolitan areas are expected to lead the growth due to the higher number of flexitarians, with the openness toward and acceptance of meat substitutes and alternative proteins. The presence of key players such as JUST, Inc. and Memphis Meat, along with product innovations, is expected to drive the cultured meat market. Moreover, high consumer acceptance for cultured meat in the country is also supporting the demand for cultured meat.
- Increasing Demand for Alternative Protein
- Technological Advancements in Cellular Agriculture
- Enhanced Food Safety
- Investment by Key Industry Giants
- Environmental Sustainability
- Focus on Animal Welfare
- Health Benefits
- Stringent Regulatory Environment
- High Setup Cost
- High Per Capita Meat Consumption and Imports in Emerging Southeast Asian Economies
- Skepticism Among Consumers
- Increased Demand for Plant-Based Protein
- Aleph Farms Ltd.
- Appleton Meats
- Avant Meats Company Limited
- Balletic Foods
- Biofood Systems Ltd.
- Bluenalu Inc.
- Cell Farm FOOD Tech/Granja Celular S.A.
- Cubiq Foods
- Finless Foods Inc.
- Fork & Goode
- Future Meat Technologies Ltd.
- Higher Steaks
- Integriculture Inc.
- Just Inc.
- Kiran Meats
- Lab Farm Foods
- Memphis Meats
- Mission Barns
- Mosa Meat
- New Age Meats
- Seafuture Sustainable Biotech
- Shiok Meats
- Wild Type
For more information about this report visit https://www.researchandmarkets.com/r/63beux