Cultured Meat Market to Witness Promising Growth Opportunities by 2024-2035
Meat acts as an important source of macronutrients and micronutrients such as proteins, fats, carbohydrates and vitamins that provide with the ability to build and repair worn out tissues as
well as fulfill the energy requirements of the body.
The global cultured meat market size is estimated to be worth USD 0.2 billion in 2024 and is expected to be worth USD 229 billion by 2050, growing at a CAGR of 30.8% during the forecast period, till 2050.
Conventional meat production is a process that involves the use of traditional farming practices such as raising animals and subsequently, slaughtering them in order to derive meat products.
Although this is the process that has sufficed the global meat demand for years, it has been observed that the process is associated with several drawbacks. On the other hand, cultured meat production is a relatively efficient and sustainable approach, which is designed to maintain a balance between demand and supply chain of meat industry while mitigating the environmental and sustainability concerns associated with the traditional methods of meat production. This can be validated through estimates generated by The United Nation’s Food and Agricultural Organization, which suggest that in-vitro cultured meat demonstrates a 96% reduction in the greenhouse gas emission, as compared to conventionally produced meat.
Driven by the escalating demand for meat, and technological advancements in cultured meat industry, the market for cultured meat products is poised to witness significant growth in foreseeable future. As per the base case forecast scenario, cultured meat market is estimated to grow at an annualized rate of ~30%, during the period 2024-2050. The forecasted opportunity was analyzed across several relevant parameters, such as Source of Meat (Beef, Pork, Poultry, Seafood and Others), Type of Cultivation Technique (Scaffold-based Technique, Suspension-based Technique, Tissue-based Technique and Others), Form of Meat Produced (Minced Meat and Whole-Cut Meat), End Products Offered (Burger Patties, Filets / Steaks, Meatballs, Nuggets and Sausages), Application (Human Food Industry and Pet Food Industry), End Users (E-commerce, Restaurants and Retailers) and Key Geographical Regions (North America, Europe, Asia-Pacific, Middle East and North Africa, Latin America and Rest of the World).
Close to 74% of the deals have been inked since 2022, demonstrating a considerable increase in partnership activity in the recent years; of these, majority (17%) are research and development agreements. Research and development agreements (17%) emerged as the most popular type of partnership model adopted by players in the cultured meat domain, followed by process development and product development agreements (9%, each). Further, most of the partnerships were inked for the purpose of manufacturing (33%), followed by development purpose (27%). It is worth highlighting that most of the partnership activity (in terms of number of partnership instances) were observed in the year 2023 (39%).
Research Methodology
Our analysts have performed an accurate examination of the various aspects of the global market leveraging avant-garde primary and secondary sources of data collection. The report has gathered the necessary data and information from several reliable sources. Additionally, the report offers many strategic recommendations for companies involved in this ever-growing business sector to help them attain a competitive edge in the Cultured Meat Market.
Thank you for reading our report. Kindly get in touch with us to know more about the report or to receive a customized copy of it. Our team will ensure the report is tailored according to your needs.
To get sample report visit@
https://www.rootsanalysis.com/reports/cultured-meat-market/request-sample.html
Cultured Meat Market to Witness Promising Growth Opportunities by 2024-2035
Meat acts as an important source of macronutrients and micronutrients such as proteins, fats, carbohydrates and vitamins that provide with the ability to build and repair worn out tissues as
well as fulfill the energy requirements of the body.
The global cultured meat market size is estimated to be worth USD 0.2 billion in 2024 and is expected to be worth USD 229 billion by 2050, growing at a CAGR of 30.8% during the forecast period, till 2050.
Conventional meat production is a process that involves the use of traditional farming practices such as raising animals and subsequently, slaughtering them in order to derive meat products.
Although this is the process that has sufficed the global meat demand for years, it has been observed that the process is associated with several drawbacks. On the other hand, cultured meat production is a relatively efficient and sustainable approach, which is designed to maintain a balance between demand and supply chain of meat industry while mitigating the environmental and sustainability concerns associated with the traditional methods of meat production. This can be validated through estimates generated by The United Nation’s Food and Agricultural Organization, which suggest that in-vitro cultured meat demonstrates a 96% reduction in the greenhouse gas emission, as compared to conventionally produced meat.
Driven by the escalating demand for meat, and technological advancements in cultured meat industry, the market for cultured meat products is poised to witness significant growth in foreseeable future. As per the base case forecast scenario, cultured meat market is estimated to grow at an annualized rate of ~30%, during the period 2024-2050. The forecasted opportunity was analyzed across several relevant parameters, such as Source of Meat (Beef, Pork, Poultry, Seafood and Others), Type of Cultivation Technique (Scaffold-based Technique, Suspension-based Technique, Tissue-based Technique and Others), Form of Meat Produced (Minced Meat and Whole-Cut Meat), End Products Offered (Burger Patties, Filets / Steaks, Meatballs, Nuggets and Sausages), Application (Human Food Industry and Pet Food Industry), End Users (E-commerce, Restaurants and Retailers) and Key Geographical Regions (North America, Europe, Asia-Pacific, Middle East and North Africa, Latin America and Rest of the World).
Close to 74% of the deals have been inked since 2022, demonstrating a considerable increase in partnership activity in the recent years; of these, majority (17%) are research and development agreements. Research and development agreements (17%) emerged as the most popular type of partnership model adopted by players in the cultured meat domain, followed by process development and product development agreements (9%, each). Further, most of the partnerships were inked for the purpose of manufacturing (33%), followed by development purpose (27%). It is worth highlighting that most of the partnership activity (in terms of number of partnership instances) were observed in the year 2023 (39%).
Research Methodology
Our analysts have performed an accurate examination of the various aspects of the global market leveraging avant-garde primary and secondary sources of data collection. The report has gathered the necessary data and information from several reliable sources. Additionally, the report offers many strategic recommendations for companies involved in this ever-growing business sector to help them attain a competitive edge in the Cultured Meat Market.
Thank you for reading our report. Kindly get in touch with us to know more about the report or to receive a customized copy of it. Our team will ensure the report is tailored according to your needs.
To get sample report visit@
https://www.rootsanalysis.com/reports/cultured-meat-market/request-sample.html
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