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Cultured Meat Market Forecast to Grow by 2032
According to MarketsandMarkets, the cultured meat market size is estimated to be valued at $214 million by 2025, and projected to reach $593 million by 2032. This projection will lead to a compound annual growth rate of 15.7% from 2025 to 2032. The rising consumption of meat along with increasing demand for nutritional meat are a few of the key factors driving the growth of the industry. When considering the categories of poultry, beef, seafood, pork, and duck, the poultry segment is projected to witness the fastest growth during the forecast. This is due to the availability of poultry when compared to other meat sources such as beef, and also the consumer preference for poultry and poultry products.
The increasing popularity of poultry products in many quick service restaurants has encouraged manufacturers to develop innovative alternative products to meet consumer demand. Additionally, the rising demand for chicken, due to...
Cell-Based/Cultured Meat, Poultry, and Seafood Makers Form Coalition
Five cutting-edge food companies who are looking to bring cell-based/cultured meat, poultry and seafood to restaurants and retail shelves in the United States announced today they have formed the Alliance for Meat, Poultry & Seafood Innovation (AMPS Innovation), a coalition focused on educating consumers and stakeholders about their new industry and advocating for a clear path to market for their products. Founding member companies include BlueNalu and Finless Foods, makers of cell-based/cultured seafood; and Fork & Goode and JUST, makers of cell-based/cultured meat and poultry; and Memphis Meats, which is making cell-based/cultured meat, poultry and seafood.
Cell-based/cultured meat, poultry and seafood is real meat grown outside the animal, directly from animal cells. This means the companies are able to produce only the muscle, fat, skin and connective tissue that is typically eaten, without...
Cargill Invests in Cultured Meat Company Aleph Farms
The demand for protein is expected to grow 70% over the next 30 years as the global population increases significantly. With an eye to complementing its focus on animal protein, Cargill announced today it will invest in Aleph Farms, a cultured meat company focused on growing complex meat varieties like steak.
Cargill is participating in a Series A investment round led by VisVires New Protein and joined by several other investors looking to move Aleph Farms’ product from prototype to the commercial marketplace. Aleph Farms grows meat directly from beef cells using a 3D tissue engineering platform. In December 2018, it achieved a world-first by demonstrating...
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