According to MarketsandMarkets, the cultured meat market is estimated to be valued at USD 214 million in 2025 and is projected to reach USD 593 million by 2032 in the normal scenario, recording a CAGR of 15.7% from 2025 to 2032. The high investment from major food companies and business giants and increasing demand for environmental sustainability are some of the factors driving the industry growth of cultured meat.

The cultured meat industry is expected to witness high growth owing to the increasing global population in developing economies coupled with the rising meat consumption across the globe. Rapid urbanization in developing countries has fueled the consumption of proteins from animal sources. Compared to rural areas, the urban population consumes more meat, beef, and poultry products. Currently, there are several players engaged in R&D activities to commercialize cultured meat-based products such as Memphis Meats, Mosa Meat, SuperMeat, Just, Inc, Finless Foods, Avant Meats Company Limited, Balletic Foods, and Integriculture. These startups are backed by investments from major food companies and business giants. The primary focus of these startups is to bring down the price of cultured meat products to a reasonable rate compared to that of conventional meat

Poultry is one of the major categories in the cultured meat market, which is expected to witness the significant growth during the forecast period, due to the increase in demand for affordable animal protein over red meats. Developing regions such as the Asia Pacific and Africa are expected to account for significant growth in the next 10 years due to the shift from a cereal-based diet to a protein-based one. The growing popularity of poultry products in various quick-service restaurants (QSRs) has encouraged manufacturers to develop innovative alternative products to meet future demand from meat consumers. Cultured chicken products are expected to dominate the market as they are preferred in the nugget form in popular food chains such as KFC.

Speak to our analyst for a discussion on the above findings, click Speak to Analyst

The rise in sustainability issues for animal production & slaughtering and the growing demand for meat products are the major factors that are projected to drive the market for cultured meat products such as nuggets, burgers, and sausages. The nuggets segment is expected to account for the largest share, as companies offer chicken meat in the form of nuggets, to cater to the on-the-go lifestyle preferences of consumers. Moreover, leading companies such as Tyson Food and Cargill are investing in the development of cultured chicken meat in the form of nuggets, which is further projected to contribute to the growth of the market during the forecast period.

North America cultured meat market is projected to have higher growth potential in the coming years. High consumption of nuggets, in which chicken is consumed, thus, driving the growth in the region. 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. Additionally, nuggets are the widely consumed processed poultry products due to the high penetration of processed chicken products in various fast-food restaurants. Moreover, consumers are widely opting for convenience meals, owing to the busy schedule of the growing population.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=204524444