The cultured meat market is estimated to be worth $214 million by 2025 and projected to reach $593 million by 2030, according to a MarketsandMarkets report.
The organization attributes this growth to the various startups entering the market and increasing numbers of investors, such as Cargill and Tyson Foods.
Rising consumption of meat and the attempt to fulfill consumer demand is likely going to present alternative meat protein opportunities for meat processors and food companies.
When considering the categories of poultry, beef, seafood, pork and duck, the poultry segment is projected to have the fastest growth in the market.
North America is projected to have the highest worth in cultured meat because of the rise of innovations and developments.
More investors are showing an increasing interest in alternative proteins.
With the recent formation of the Alliance for Meat, Poultry and Seafood, consumers can also expect to see a regulatory framework for cultured meats by the Food and Drug Administration in the future.
