According to a 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 expected amass a valuation of USD 206.6 million by 2025 and register a substantial growth rate during the forecast period 2021-2030.
 

As per the findings of the report, changing dietary preferences, rapid urbanization, and rising concerns towards animal welfare are driving the growth of worldwide cultured meat market.
 

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Furthermore, growing awareness about lab grown meat and its nutritional benefits, growing preference for veganism, and increased efforts towards environment sustainability are promoting the overall industry expansion. Also, the escalating demand for meat, and subsequent increase in slaughter of animals is pivoting the market towards cultured meat products.
 

Elaborating on the effects of the Covid-19 pandemic, imports and exports of meat products from several counties have been restricted, thus boosting the demand for cultured meat in order to prepare the industry for similar situations in the future.
 

Classifying on the basis of source type, global cultured meat market is arrayed into beef, poultry, seafood and pork.
 

Speaking of end-use, the industry segmentation comprises burgers, nuggets, sausage, meatballs, hotdogs and others. Among these, nuggets segment is slated to capture a major portion of the market share owing to varying preferences, priorities, and tastes of consumers.
 

Considering the geographical outlook, Asia Pacific cultured meat market is expected to record significant growth over the forecast period. This can be ascribed to rapid urbanization, high disposable income levels, and escalating demand for meat in the region. Moreover, rising investments and technology advancements in emerging startup are expected to accelerate regional market growth in the upcoming years.
 

Further, increasing preference for vegan diets, and growing inclination towards healthy lifestyle in Asia Pacific as well as North American regions is also adding traction to overall industry development.
 

Major contenders in global cultured meat market sphere are Finless Foods Inc., BlueNalu Inc., Aleph Farms Ltd., Upside Foods, Mosa Meat, Shiok Meats Pte. Ltd., Eat Just Inc., Modern Meadow Inc., Integriculture Inc., and Future Meat Technologies Ltd.