Cultured Meat Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

Cultured meat market is anticipated to grow at a considerable CAGR of 17.9% during the forecast period. The major factor driving the demand for cultured meat includes the rising consumption of meat coupled with the increasing demand for nutritional meat. Further, the growing funding for companies producing cultured meat and government initiatives to promote sustainable and nutritional food are some of the factors anticipated to fuel the demand for market growth.  For instance, in June 2022, Israeli food tech SuperMeat received a grant from the Israeli Innovation Authority to establish an open-source screening system to aid the cultivated meat industry. SuperMeat claims its new high throughput screening system for optimizing cultivated meat feed ingredients, which will accelerate the burgeoning cultivated industry towardcommercial viability. The fresh grant funds will support the open high-throughput screening system for cultivated meat feed ingredients, further significantly reducing the costs of expense in cultivated meat production.

Furthermore, with rising consumers’ interest in the environment and nutrition-rich food, food-tech companies have joined the race to invent meat alternatives. The growing startup and investment in companies related to cultured meat are anticipated to fill the demand for cultured meat in the market. For instance, in October 2021, Nutreco and Mosa Meat received $2 million under the European REACT-EU recovery assistance program to advance cellular agriculture and bring cultivated beef to the European Union market. The REACT-EU support was granted for R&D into lowering the costs of cell culture media, the most expensive step in the process of cultivating beef. The program will fund R&D to specifically address the ‘basal’ or base media in which the beef cells grow. By moving away from pharma-grade products and instead using feed- and food-grade byproducts from Nutreco’s supply chain, Mosa Meat predicts it can lower the costs of basal media substantially.

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Market Coverage

•                 The market number available for – 2022-2029

•                 Base year- 2022

•                 Forecast period- 2023-2029

Segment Covered- 

·                  By Source

·                  By End-Use

Regions Covered-

•                 North America

•                 Europe

•                 Asia-Pacific

•                 Rest of the World

•                 Competitive Landscape-Mosa Meat B.V., Upside Foods, Inc., Just, Inc., Integriculture Inc., Aleph Farms Ltd., Finless Foods Inc.,and others.

Cultured Meat Market Report Segment

By Source

•                 Poultry 

•                 Beef 

•                 Seafood 

•                 Pork 

•                 Duck

By End-Use

•                 Household 

•                 Food Services

Cultured Meat Market Report Segment by Region

North America

·        United States

·        Canada

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan

·                  South Korea

·                  Rest of APAC

Rest of the World

•                 Latin America 

•                 Middle East & Africa

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1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @  https://www.omrglobal.com/report-customization/cultured-meat-market

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:

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Contact Person: Mr. Anurag Tiwari

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