Cultured and Plant-based Meat Market was valued at USD 5.6 Billion in 2022 and is projected to reach USD 16.9 Billion by 2030, growing at a CAGR of 15.5% from 2024 to 2030.
The cultured and plant-based meat market experienced significant growth in 2022, with a market size valued at approximately $7.6 billion. This segment of the food industry is witnessing an accelerated expansion, with a compound annual growth rate (CAGR) projected at 17.6% from 2022 to 2030. The rise in demand for sustainable and ethical food alternatives, coupled with advancements in food technology, is driving this upward trend. Additionally, increased consumer awareness about the environmental and health impacts of traditional meat consumption is further fueling market growth. The expanding availability of cultured and plant-based products across various regions and retail channels continues to contribute to the market's robust performance.
Opportunities in the cultured and plant-based meat sector are burgeoning, with emerging markets presenting substantial potential for expansion. Key regions such as Asia-Pacific and Latin America are anticipated to witness significant growth due to rising urbanization, changing dietary preferences, and supportive regulatory frameworks. Innovations in product development and manufacturing processes are expected to unlock new opportunities and enhance market penetration. Furthermore, partnerships and collaborations among stakeholders in the food industry are likely to drive technological advancements and improve product offerings, thereby catering to a broader consumer base and bolstering market growth.
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Kellogg
Hormel
Smithfield Foods (WH Group)
Beyond Meat
Impossible Foods
Cargill
Maple Leaf Foods
The Very Good Food
Right Treat
JUST
Turtle Island Foods
Plantible Foods
Rebellyous Foods
Livekindly
InnovoPro
Tyson
Shuang Ta Food
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Cultured and Plant-based Meat Market
Human Food
Feed Addictive
Others
Based on Types the Market is categorized into Below types that held the largest Cultured and Plant-based Meat market share In 2023.
Soy Protein Type
Peanut Protein Type
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Cultured and Plant-based Meat Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Cultured and Plant-based Meat Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Cultured and Plant-based Meat Market, By Type
6. Global Cultured and Plant-based Meat Market, By Application
7. Global Cultured and Plant-based Meat Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Cultured and Plant-based Meat Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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