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Showing posts with the label Cultured Meat Market

Cultured Meat Market Will Grow Rapidly In Coming Years

  Cultured Meat Industry The global cultured meat market was valued at USD 246.9 million in 2022, and it is anticipated to grow at a robust compound annual growth rate (CAGR) of 51.6% from 2023 through 2030. One of the primary drivers behind this rapid market expansion is the continuous technological progress in the field of alternative proteins, which is fostering a broader transition toward more sustainable food systems across the globe. With the rising global population and increasing concerns about the environmental consequences of conventional meat production, meat substitutes and other forms of alternative proteins are receiving heightened attention worldwide. These innovations are being recognized as viable solutions to address both potential meat shortages and the pressing need to reduce environmental degradation. The growing public awareness of environmental sustainability, coupled with a greater emphasis on ensuring a secure and steady meat supply, are key factors fueling...

Cultured Meat Market Is Set For Lucrative Growth To 2030

  Cultured Meat Industry The global cultured meat market size was valued at USD 246.9 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 51.6% from 2023 to 2030. The growing technological advancements in the alternative proteins space are driving a shift toward sustainable food systems globally. Meat substitutes and alternative proteins are gaining global attention with the growing need to overcome meat shortages against the growing population and environmental impact. The awareness of environmental sustainability and rising focus on securing meat supply are among the factors responsible for the growth of the cultured meat industry globally. The outbreak of COVID-19 and the resultant lockdowns disrupted supply channels globally. The widespread disruption in supply chains also influenced cultivated meat production. The procurement of equipment was delayed due to trade barriers. Bioreactors are important processing equipment for the cultivated meat i...

Cultured Meat Market 2023 Latest Innovations And Challenges By 2030

  Cultured Meat Industry The global  cultured meat market  size is expected to reach USD 6.9 billion by 2030, expanding at 51.6% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing technological advancements in alternative proteins, traction gained by meat substitutes, and the growing need to overcome meat shortage against the growing population and environmental impact machines are key factors driving the cultured meat industry’s growth. Cultured meat companies are pushing for the commercial launch of cultivated meat products in countries such as the U.S. through foodservice channels. The key players in the market are focused on expanding their R&D staff as well as scaling their production facilities to equip for large-scale commercial production of cultivated meat. Companies are also focused on reducing the production cost of cultivated meat, which will favor the growth of the cultured meat industry globally. Cellular agricultu...

Cultured Meat Market Is Expected To Expand At A CAGR Of 51.6% From 2023 To 2030

  Cultured Meat Industry Overview The global cultured meat market size was valued at USD 246.9 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 51.6% from 2023 to 2030. The growing technological advancements in the alternative proteins space are driving a shift toward sustainable food systems globally. Meat substitutes and alternative proteins are gaining global attention with the growing need to overcome meat shortages against the growing population and environmental impact. The awareness of environmental sustainability and rising focus on securing meat supply are among the factors responsible for the growth of the cultured meat industry globally. Gather more insights about the market drivers, restrains and growth of the  Cultured Meat Market There was an increased demand for bioreactors from the pharmaceutical industry for COVID-19 vaccine production. This resulted in delayed lead times for bioreactors. However, the cultivated meat industr...

Cultured Meat Market Size Worth $348.0 Million By 2028

Cultured Meat Industry Overview The global cultured meat market size was valued at USD 163.6 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11.4% from 2022 to 2028.  The market is anticipated to be driven by the growing preference of consumers to adopt a protein-rich diet. Moreover, the increasing reliance on omega-3 fatty acids to accomplish the demand for essential nutrients is expected to contribute to the market growth over the forecast period. The growing preference for pork-based in-vitro meat to fulfill the demand for vitamins and nutrients will fuel the industry growth. Moreover, the rising concerns regarding food safety in the consumer goods sector are anticipated to boost the growth of the market. In the COVID-19 pandemic, the demand for in-vitro meat slightly increased due to the growing demand for healthy food. In-vitro meat gained immense traction during the COVID-19 era to scale up the healthy diet. The rising concerns among co...