According to the research report titled ‘Global Cultured Meat Market - Analysis By Source (Poultry, Beef, Seafood, Pork), End Use, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2030)’, available with Market Study Report, global cultured meat market is projected to accumulate USD 206.6 million by the year 2025.
 

Rapid urbanization, increasing concerns for animal welfare, and changing dietary preferences of people are the primary drivers for the growth of global cultured meat market. Additionally, awareness about the meat grown in lab and health-benefits associated with it, along with rising demand for meat leading to surge in animal slaughter are bolstering the demand for cultured meat.
 

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Moreover, budding trend for veganism, and cognizance for environment sustainability are also augmenting the market outlook. According to the report, imports and exports from many countries have been stopped amid the ongoing Covid-19 pandemic, creating a demand for lab grown meat which enable meat industry to serve customers in times of crisis, hence generating lucrative prospects for the business scenario.
 

Based on source, global cultured meat market is segmented into poultry, seafood, beef and pork. Speaking of the end user spectrum, the marketplace is divided into nuggets, meatballs, burgers, hotdogs, and sausages among others.
 

The report cites that North America is likely to hold significant share in worldwide culture meat market over the forecast period, owing to rapid urbanization, high spending power, increasing demand for meat, coupled with investments in new startups, and rising technological advancements. Additionally, emerging trend of veganism, and shift towards adopting healthy lifestyle are also fostering the demand for culture meat.
 

Key contenders in worldwide cultured meat industry are Modern Meadow, Eat Just Inc., Aleph Farms, Shiok Meats, Finless Foods Inc., BlueNalu Inc., Future Meat Technologies, Integriculture Inc., Memphis Meats, and Mosa Meat.