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According to a new report, published by KBV research, The Global Cultured Meat Market size is expected to reach $319.8 million by 2028, rising at a market growth of 10.2% CAGR during the forecast period.
The Poultry segment acquired maximum revenue share in the Global Cultured Meat Market by Source in 2021, thereby, achieving a market value of $125.1 million by 2028. This is due to the low price of poultry products and the ease of availability. Human immunity is strengthened by poultry products. Poultry products are more easily available and easy to store, non-perishable, hence it is one of the popular product among a significant population. Consumer health concerns are growing, and the low cost of poultry-based goods is propelling the market forward.
The Meatballs segment is showcasing a CAGR of 11.1% during (2022 - 2028). The segment is witnessing the growing private sector investment in tissue-based meatball development, as well as growing preference for meatballs in retail outlets and fast-food restaurants. The increased popularity of processed meat, large purchases of packaged meatball foods, and a rising taste for slaughter-free treated meat consumables are all projected to boost the acceptance of cultured meat.
North America is the fastest growing region in the Global Cultured Meat Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $115.3 million by 2028. The Europe market is estimated to witness a CAGR of 9.8% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 10.8% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/cultured-meat-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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