As per the market analysis report titled ‘Cultured Meat Market Size By Source (Beef, Poultry, Seafood, Pork, Duck), By End-Use (Burgers, Nuggets, Meatballs, Sausages), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2021 – 2030’, available with MarketStudyReport, the cultured meat market is anticipated to showcase a substantial growth rate through 2030.

Expert researchers and analysts cite that rising inclination towards sustainable meat alternatives and increasing demand for meat and poultry products are some of the major factors aiding the augmentation of cultured meat market.

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Notably, Manufacturers are directing their efforts towards making cultured meat taste exactly like its natural counterpart, which is significantly less sustainable. Technological advancements and government support are likely to stimulate product uptake in the upcoming years. For instance, the United States Department of Agriculture (USDA) in October 2021 made its first investment in the lab-grown meat space by awarding USD 10 million to Tufts University for the establishment of the National Institute for Cellular Agriculture

Based on source, the market is divided into poultry, beef, seafood, pork, duck, and others. The other sources segment is expected to amass a valuation of USD 480 million by the end of 2030.

Considering end -user scope, the industry is fragmented into nuggets, burgers, meatballs, sausages, and others. The other meat types segment is likely to progress at a CAGR of 265% and garner a substantial renumeration through 2030.  

From a regional standpoint, Latin America cultured meat market is expected to progress at a CAGR of 145% over the analysis timeframe, primarily due to growing consumer preference towards alternative animal-based products across the landscape.

Meanwhile, Middle East & Africa gathered a valuation of USD 3 million in 2020 and is predicted to experience an upward growth trend over the forecast period, attributable to burgeoning demand for meat, lack of resources, rising environmental concerns, social-ecological ethics prevalent in the area.

Elaborating on the competitive terrain, Cell AG Tech, Eat Just Inc., BlueNalu Inc., BioTech Foods, Future Meat Technologies, Balletic Foods, BioFood Systems Ltd., New Age Meats, Upside Foods, Mosa Meat, Aleph Farms, Meatable, HigherSteaks, Finless Foods Inc., and Avant Meats Company Ltd. are the major players influencing global cultured meat market development trends.