Global Cultured Meat Market Size, Trends, Competitors, and Forecasts Report 2023: By 2040, a Projected 60% of the Meat will be Created from Cells Grown Within Bioreactors and Sold Worldwide.
| Published date | 22 March 2024 |
M2 PRESSWIRE-March 22, 2024-: Global Cultured Meat Market Size, Trends, Competitors, and Forecasts Report 2023: By 2040, a Projected 60% of the Meat will be Created from Cells Grown Within Bioreactors and Sold Worldwide
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The "The Global Market for Cultured Meat - Market Size, Trends, Competitors, and Forecasts (2023)" report has been added to ResearchAndMarkets.com's offering.
By 2040, a projected 60% of the meat will be created from cells grown within bioreactors and sold across grocery stores and restaurants worldwide.
This report reveals all major market competitors worldwide, including their strategic advantages, core technologies, and products under development. It describes the current state of cultured meat research, as well as emerging technologies, patents, funding events, scientific papers, strategic partnerships, and the market's presumed trajectory toward global adoption.
The rise of the cultured meat market will be supported by the sustainability of the process, as well as the industry's ability to provide "tailor-made nutrition" through its meat and seafood products. Recent surveys indicate that nearly 50% of consumers do not have reservations about consuming cultured meat. Over the next 10 to 20 years, the cultured meat market is projected to act as a major disruptor to the conventional meat market.
The number of startups focused on developing cultured meat (and the required cell culture media, supplements, and methods to produce them) has been rising year after year. There are now an impressive 99 companies worldwide developing cultured meat components, services, and end-products, compared to only four in 2016. Additionally, nearly 40 life science firms have declared and formally launched products to supply market competitors with the essential inputs they need to support cultured meat and seafood production.
Because cultured meat is an early-stage industry, the language to describe it is evolving in real-time. Currently, company executives use a range of terms to describe the field, including but not limited to cultured meat, cultivated meat, cell-based meat, clean meat, cellular agriculture, and lab-grown meat, as well as slaughter-free meat and ethically grown meat, to a lesser extent.
The potential of cultured meat has captured the imagination of investors, researchers, and consumers alike. Although the cultured meat market is a nascent industry, 2020 was a landmark year because a cultured...
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