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Download Free sampleThe global Cultured Meat market was valued at 11.84 Million USD in 2021 and will grow with a CAGR of 3.36% from 2021 to 2027.
The prime objective of Cultured Meat Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Cultured Meat Market covers market segmentation by major market vendors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
On the basis of end use, cultured meat is expected to be preferred for the preparation of nuggets. The nuggets segment is expected to account for the largest market share by 2022. Developed countries such as the UK, Canada, the US, Germany, and Spain are major consumers of nuggets as snacks and present a positive outlook for the cultured meat during the forecast period. Cultured meat is also expected to be used in making sausages, burgers, meatballs, and hot dogs. The growing demand for clean meat and positive attitude towards cultured meat by consumers in developed countries are some factors expected to the growth of this segment.On the basis of source, the cultured meat market is segmented into poultry, pork, beef, and duck. The poultry segment is projected to account for the largest share, followed by pork, in 2022. Currently, cells cultured from poultry meat are preferred for making cultured meat due to consumer preference for chicken, its cost effectiveness, and simplified cell structure as compared to other sources such as beef.
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