The Cultivated Meat Global Market Report 2023, provides comprehensive information on the cultivated meat market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Cultivated Meat Global Market Report 2023, the global cultivated meat market size is expected to grow from $6.63 billion in 2022 to $7.87 billion in 2023 at a compound annual growth rate (CAGR) of 18.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global cultivated meat market size is expected to reach $14.77 billion in 2027 at a CAGR of 17%.
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Technological advancements are a key trend gaining popularity in the cultivated meat market. Major companies operating in the cultivated meat market are involved in developing new and improved technology to sustain their position in the market. For instance, in July 2022, Meatable BV, a Netherlands-based biotechnology business, announced its innovative pork sausages product. The company has been developing and perfecting its approach to produce grown meat utilizing opti-oxTM technology without ever requiring FBS (fetal bovine serum). A single-cell sample obtained harmlessly from an animal is required to make actual meat with the same structure, texture, glossiness, and particular pork flavour. The product even produces the typical sizzle in the pan, just like traditional sausages, and grows in just a few weeks, with research estimating that cultured meat might reduce the environmental impact of the meat industry by up to 92%
The cultivated meat market is segmented:
1) By Type: Red Meat, Poultry, Seafood
2) By Sources: Poultry, Beef, Seafood, Pork, Duck
3) By End-User: Nuggets, Burgers, Meatballs, Sausage, Hot dogs, Other End-Users
North America was the largest region in the cultivated meat market in 2022.
The table of contents in TBRC’s cultivated meat market report includes:
1. Executive Summary
2. Cultivated Meat Market Characteristics
3. Cultivated Meat Market Trends And Strategies
4. Cultivated Meat Market – Macro Economic Scenario
5. Cultivated Meat Market Size And Growth
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26. Africa Cultivated Meat Market
27. Cultivated Meat Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cultivated Meat Market
29. Cultivated Meat Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Bracco Group
- Bayer AG
- Medtron AG
- Ulrich GmbH And Co. KG
- GE Healthcare
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