Cultured Meat Market - Global Forecast to 2034

1. Cultured Meat Market by Source (Poultry, Beef, Seafood, Pork, Duck), End Use (Nuggets, Burgers, Meatballs, Sausages, Hot Dogs), and Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) - Global Forecast to 2034 Copyright © IMARC Service Pvt Ltd. All Rights Reserved

2. Cultured Meat Market – Global Forecast to 2034 Report Description The cultured meat market, also known as lab-grown or cell-based meat, is an emerging sector within the food industry that has gained considerable attention in recent years. Cultured meat is produced by cultivating animal cells in a controlled environment, cutting the need for traditional animal farming. This innovative approach aims to address various environmental, ethical, and health concerns associated with conventional meat production. According to MarketsandMarkets, the global cultured meat market size is projected to reach USD 0.2 billion in 2023 and USD 1.1 billion by 2034, at a CAGR of 16.5% from 2028 to 2034. In the next five years from 2023, the cultured meat market is projected to grow at 16.1% of CAGR. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=204524444

3. Cultured Meat Market – Global Forecast to 2034 Report Description Requirement of Cultured Meat in the Poultry Segment The need for cultured meat in the poultry segment arises from a combination of environmental, ethical, and economic considerations that are driving the exploration of alternative protein sources. Here are some key reasons for the interest in cultured meat within the poultry industry: •Environmental Sustainability: Reduced Environmental Impact: Conventional poultry farming is associated with significant environmental challenges, including deforestation, water pollution, and high greenhouse gas emissions. Cultured meat production has the potential to significantly reduce these negative environmental impacts by requiring less land, water, and energy compared to traditional poultry farming.

4. Cultured Meat Market – Global Forecast to 2034 Report Description •Ethical Considerations: Animal Welfare: Cultured meat addresses concerns related to animal welfare by ending the need for raising and slaughtering animals for meat production. This aligns with the growing consumer demand for more humane and ethical treatment of animals in food production. •Resource Efficiency: Optimized Resource Utilization: Cultured meat has the potential to use resources more efficiently. Traditional poultry farming involves the use of substantial amounts of feed, water, and land. Cultured meat production can be designed to use fewer resources, contributing to a more sustainable and resource-efficient food production system. Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=204524444

5. Cultured Meat Market – Global Forecast to 2034 Report Description •Disease Control: Reduced Disease Transmission: Poultry farming is susceptible to diseases that can affect both animals and humans. Cultured meat production can be conducted in a controlled environment, reducing the risk of disease transmission between animals and the potential for zoonotic diseases. •Global Food Security: Increased Protein Production: With a growing global population and increasing demand for protein, there is a need to find more efficient and scalable ways to produce meat. Cultured meat has the potential to contribute to global food security by supplying a reliable and sustainable source of protein.

6. Report Description and Highlights Report Description •Technological Innovation: Advancements in Biotechnology: The poultry industry can benefit from advancements in biotechnology and tissue engineering, which enable the production of high-quality cultured meat products. As technology continues to improve, the scalability and cost-effectiveness of cultured meat production in the poultry segment are likely to increase. •Consumer Demand: Changing Consumer Preferences: As consumers become more conscious of the environmental and ethical implications of their food choices, there is a growing demand for sustainable and cruelty-free alternatives. Cultured meat presents a choice that addresses these concerns while providing a familiar and popular protein source like poultry.

7. Cultured Meat Market – Global Forecast to 2034 Report Description Diverse Offerings for Varied Tastes Creative chefs and food scientists are pushing boundaries, experimenting with an array of seasonings, coatings, and cooking techniques to produce nuggets that cater to a spectrum of tastes. From classic comfort food enthusiasts to health-conscious consumers looking for gluten-free or low-fat options, the cultured meat nuggets segment is diversifying to meet evolving consumer preferences. Furthermore, the potential for customization in nugget production, including the incorporation of specific flavor profiles, herbs, or spices, is broadening the appeal to a wider consumer base. As these products become more accessible and appealing to a broad audience, the nuggets segment within the cultured meat market is experiencing robust growth, driven by culinary innovation and product diversity. Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=204524444

8. Cultured Meat Market – Global Forecast to 2034 Report Description US Market Dominance and Regulatory Support In the global arena, the United States is poised to claim the largest market share in 2023, thanks to its dynamic environment fostering innovation, attracting investments, and supplying crucial regulatory support in the cultured meat sector. This supportive ecosystem has significantly reduced uncertainty and paved the way for substantial progress, exemplified by recent developments. A milestone achievement in 2023 was the approval from the U.S. Agriculture Department (USDA) for the sale of lab-grown chicken products. This groundbreaking approval subjects cultured meat facilities to USDA inspection, aligning them with traditional meat processing plants. Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=204524444

9. Cultured Meat Market Key Players Report Description

10. Cultured Meat Market – Global Forecast to 2034 Report Description Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441