Sustainable Growth Opportunities in the Cultured Meat Market
(I-BusinessNews.Com, August 26, 2021 ) The report "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", published by MarketsandMarkets. According to MarketsandMarkets, the cultured meat market size 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. The rising consumption of meat and increasing demand for nutritional meat are some of the key factors driving the growth of the industry.
Various other factors that are expected to drive the global cultured meat industry include innovations in cellular agriculture and the rising inclination toward animal welfare and environmental sustainability. Rising consumption of meat coupled with increasing demand for nutritional meat is expected to support the market growth during the forecast period. This growing trend of protein consumption is expected to present several opportunities for various meat processors and food companies to invest in alternative meat protein such as cultured meat to fulfill consumer demand.
By end-use, the nuggets segment accounted for the largest market size in the cultured meat market during the forecast period
The demand for nuggets is increasing significantly as an important processed meat product. Thus, North America is expected to be the largest market for cultured meat in 2021. Chicken continues to be the most popular meat product among the people in the US and the other North American countries. Nuggets is one of the primary forms, in which chicken meat products are consumed in various countries. Due to the increasing adoption of on-the-go lifestyle and consumption of snacking products, particularly in the US, consumers are looking for options that are convenient to eat anytime. Thus, key companies such as Tyson Food and Cargill are focusing on investing in developing clean meat or cultured meat chicken products in the form of nuggets to attract consumers. Hence, the North American region is projected to dominate the market for cultured meat nuggets during the forecast period.
North America is projected to account for the largest market share during the forecast period
North America is likely to lead the industry by accounting for the largest cultured meat market share in 2021. Rise in innovations and developments, and high spending for efficient R&D is expected to be the contributing factors in its largest share. Health concerns about the consumption of meat products, increase in investor interests in alternative proteins, and potentials to provide the required nutrition in tailor-made proteins are the major factors for the consumers to shift from conventional meat to cultured meat products. In the US and Canada, metropolitan areas are expected to lead the growth due to the higher number of flexitarians, with the openness and acceptance of meat substitutes and alternative proteins. The rising demand for the alternative protein in the region supports increased investment in cultured meat companies.
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