Frequently Asked Questions:
Increasing demand for alternative protein sources and environmental sustainability is a growth factor in the lab-grown meat market. Consumers are changing attention to adopting healthier diets that promote a more sustainable lifestyle and reduce reliance on animal proteins. Additionally, people who are allergic to animal-based proteins make up the majority of alternative protein buyers. Recently, the commercial production of cultured meat has met the growing demand for meat products and lowered
The lab-grown meat market is anticipated to grow at a substantial CAGR of 11.10% in the upcoming years. The Lab Grown Meat market was estimated to be worth USD 150.4 million in 2021 and is expected to be worth USD 282.83 million by 2028.
In 2021, North America dominated the highest market share in the Lab Grown Meat market. The largest market share is due to the increasing adoption of the on-the-go lifestyle, consumption of snacking products, and increasing number of flexitarians. Modern technology in the United States gives a growth opportunity to this sector, and they are the largest market for Lab-Grown Meat in North America. In North America, the growth is attributed to the increasing consumption of convenience food products
Some major players in the market are Mosa Meat, Upside Foods, SuperMeat, Wild Earth Inc., Avant Meats Company Limited, Aleph Farms Ltd., Biofood Systems Ltd., Finless Foods, Inc., Future Meat Technologies Ltd., Integriculture Inc., Appleton Meats, Higher Steaks, Meatable, BlueNalu, Inc., Shiok Meats, Seafuture Sustainable Biotech, Lab farm Foods, Cubiq Foods, and Granja Celular S.A.
In 2021, meatballs will be the leading segment of the Lab Grown Meat market. It captured the largest market share due to increasing sales of ready cook foods and high demand for convenience food.