The volume of the world market of cultured meat will reach 352.4 million dollars

Growth is projected over the next seven years, with the nugget segment expected to account for the highest share during the forecast period.

According to a study published by Research and Markets, the global cultured MEAT market will reach $352.4 million by 2028 as consumers tend to consume cultured meat to focus on healthy and clean eating and lower their cholesterol intake.

The growing shift of consumers towards vegan and vegetarian diets is also increasing the demand for cultured meats. Increasing awareness of animal welfare, rising demand for meat alternatives, the need to improve food safety, and rising disposable income are some of the factors driving the growth of the market.

With increasing investment in the global cultured meat market, companies, producers and private organizations are collaborating to expand and serve the broader applications of this product. The nuggets segment is expected to account for the highest share during the forecast period. Growing demand for healthy snacks and on-the-go meals has boosted demand in this segment. Companies in this segment are developing healthy snacking products for specific demographics such as children and the aging population.

The cultured meat segment produces seafood, duck, beef, poultry, pork and other types of animal protein. The cultured poultry segment is expected to account for the highest share during the forecast period, due to its simplified cell structure and ease of production compared to other cultured meats. Increasing urbanization, growing environmental awareness and technological advances are also supporting the growth of this market. Consumers are increasingly aware of the importance of a healthy diet, which increases the need to grow meat crops to meet nutritional needs and improve food security.