North America Cultured Meat Market Size, Share & Industry Trends Analysis Report By Source (Poultry, Beef, Pork, Duck, and Seafood), By End Use (Burgers, Nuggets, Sausages, Meatballs, and Hot Dogs), By Country and Growth Forecast, 2022 - 2028
Special Offering: Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
Get in-depth analysis of the COVID-19 impact on the North America Cultured Meat Market
Market Report Description
The North America Cultured Meat Market would witness market growth of 9.7% CAGR during the forecast period (2022-2028).
The increased investment by key U.S. firms like Bluenalu and Fork & Goode, together with expanding need for ground beef burgers in the United States and Canada, will positively influence the industry's expansion. The market's top companies are obtaining cell-cultured seafood with a natural meat flavor. To preserve health, sea-based in-vitro meat products are greatly preferred in the United States. Memphis Meats and Mosa Meat are among the businesses engaged in the certification process.
The production process begins with the collection and storage of animal stem cells. The cells are further grown at large densities and volumes in bioreactors, also known as cultivators. In addition, the cells are given an oxygen-rich cell culture medium containing basic nutrients like glucose, amino acids, inorganic salts, and vitamins, as well as proteins and other growth stimulants, similar to what takes place inside an animal's body.
The cell-cultured animal sector is progressing into the commercialization of fish, protein-based meat, and poultry products. Basic muscle tissue development, the effects of disease states on tissue development and growth, and the creation of medical treatments have all been studied using cell tissue cultures. Such treatment is carried out in a sterile laboratory setting and has resulted in innovations that benefit plants, animals, and humans. In 2018, the Department of Health and Human Services' Food and Drug Administration (HHS-FDA) and the US Department of Agriculture's Food Safety and Inspection Service (FSIS) hosted two meetings to review the present situation in the cultured meat sector and to solicit comments from the industry.
The US market dominated the North America Cultured Meat Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $83,170.9 Thousands by 2028. The Canada market is experiencing a CAGR of 12.2% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 11.2% during (2022 - 2028).
Based on Source, the market is segmented into Poultry, Beef, Pork, Duck, and Seafood. Based on End Use, the market is segmented into Burgers, Nuggets, Sausages, Meatballs, and Hot Dogs. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Cultured Meat Market is Estimated to reach $319.8 Million by 2028, at a CAGR of 10.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Upside Foods, Inc., Mosa Meat BV, Supermeat The Essence of Meat Ltd., Eat Just, Inc., Integriculture Co. Ltd., Aleph Farms, Finless Foods, Inc., Avant Meats Company Limited, and Future Meat Technologies Ltd.
Scope of the Study
Market Segments Covered in the Report:
By End Use
- Hot Dogs
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Upside Foods, Inc.
- Mosa Meat BV
- Supermeat The Essence of Meat Ltd.
- Eat Just, Inc.
- Integriculture Co. Ltd.
- Aleph Farms
- Finless Foods, Inc.
- Avant Meats Company Limited
- Future Meat Technologies Ltd.
Unique Offerings from KBV Research
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free