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Rising degree of meat and meat products consumption due to extensive health awareness and need for nutrients, rising trend for processed and packaged food due to rising women workforce and growing e-commerce companies in the food industry are contributing to the growth of Cultured Meat market across the globe. Moreover, the demand for animal protein, specifically from sports and fitness enthusiasts is propelling the demand for cultured meat in the market.
North America acquired the major share in the Global Cultured Meat market 2019 on an account of the larger consumer base coupled with the increasing consumption of meat and meat products such as nuggets, burgers, sausages, etc. Moreover, higher disposable income coupled with the rising trend of partying and get togethers among the young consumers are contributing to the demand for the meat and meat products.
| Report Coverage | Details |
| Study Period | Historical Data: 2015-19 |
| Base Year: 2019 | |
| Forecast Period: 2020-25 | |
| Regions Covered | North America |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle East & Africa | |
| Unit Denominations | USD Million/Billion |
Moreover, the variants offered by the companies in the burger, hotdogs, and sausages are expected to contribute to the growth of the market.
In 2019, the nugget segment dominated the Cultured Meat market due to the rising consumption of snacking products due to the ease of cooking and lesser cooking time. Also, the trend of dining out across the globe and demand for the starters are contributing to the nugget segment to grow.
Entrance of New Start-Ups to Escalate Competition
The entry of new players in the industry is making the industry competitive. The key players in the industry are Memphis Meats, MosaMeat, Super Meat, Just, Inc, Integriculture, Aleph Farms Ltd, etc. The new start-up is setting up new plants for the manufacturing. For instance, Future Meat Technologies the company raised USD 14 million and build a production plant in 2019.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global Cultured Meat Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecasted up to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million, while the market volume is measured in terms of units sold or quantity sold (Tons).
Q. What would be the CAGR of the Global Cultured Meat Market during 2020 to 2025?
A. The market size of Global Cultured Meat Market would register a CAGR of 16% during 2020-25.
Q. What are the key factors supporting the increase of Global Cultured Meat Market size in forthcoming period?
A. The rising consumption of snacking products due to the ease of cook and lesser cooking time. Also, the trend of dining out, higher disposable income coupled with the rising trend of partying get together among the young consumer is contributing to the demand for the meat and meat products.
Q. Which of the regions would be a bright spot for Global Cultured Meat Market during 2020-2025?
A. North-American region grabbed the considerable market share on account of the larger consumer base coupled with the increasing consumption of meat and meat products such as nuggets, burgers, sausages.
Q. Who are the key players or major competitors in Global Cultured Meat Market?
A. Memphis Meats, Mosa Meat, Super Meat, Just, Inc, Integriculture, Aleph Farms Ltd are few of the leading players with majority market share in Global Winter Tier market.
Q. Does the report scope cover Cultured Meat type wise market statistics also?
A. Yes, the scope of the report encompasses detailed Cultured Meat type wise statistics such as market size, market segmentation based on various subcategories.
