Cultured Meat Market – United States
Market Statistics
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 59.50% (2024-2032)
According to the latest report by IMARC Group, The United States cultured meat market size is projected to grow at a CAGR of 59.50% from 2024 to 2032. The market is gaining momentum, driven by rising consumer demand for sustainable and ethical food sources.
United States Cultured Meat Industry Trends and Drivers:
- Rising Consumer Demand for Sustainable and Ethical Food Sources:
- The cultured meat market is gaining momentum as consumers seek sustainable alternatives to traditional meat due to concerns about the environmental impact of livestock farming.
- Cultured meat, produced via cellular agriculture without animal slaughter, addresses the growing demand for products that reduce carbon footprints and promote animal welfare.
- The livestock industry’s contribution to greenhouse gas emissions, deforestation, and water consumption makes cultured meat appealing to environmentally conscious consumers.
- Ethical Considerations:
- Ethical concerns surrounding animal welfare are increasingly influencing food choices, with many individuals opting to reduce or eliminate conventionally farmed meat from their diets.
- Transparency in food production is becoming more critical, driving interest in cultured meat as a sustainable and humane alternative.
- Advocacy and Awareness:
- Advocacy groups and influencers are raising awareness about the benefits of cultured meat, further fueling market growth.
- Media channels play a key role in promoting the environmental and ethical advantages of lab-grown meat.
- Advancements in Biotechnology:
- Rapid progress in biotechnology is a significant factor in the cultured meat market’s expansion.
- Technological breakthroughs have improved the taste, texture, and nutritional value of lab-grown meat, while reducing production costs, bringing cultured meat closer to price parity with traditional meat.
- Increased Investment and Innovation:
- Venture capitalists, food industry giants, and governments are investing heavily in cultured meat, accelerating research and development.
- Collaborations between food tech companies, academic institutions, and research organizations are overcoming production challenges like cell growth efficiency and bioreactor design.
- Support from Major Food Companies:
- Major food companies are showing interest in incorporating cultured meat into their product lines, validating the market’s potential and driving growth.
- Market Poised for Growth:
- As technological innovations continue to advance and scale, the cultured meat market is positioned for significant growth.
- Cultured meat is emerging as a transformative force in the future of food production in the United States.
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United States Cultured Meat Industry Segmentation:
The report has segmented the market into the following categories:
Source Insights:
- Poultry
- Beef
- Seafood
- Pork
- Duck
Application Insights:
- Nuggets
- Burgers
- Meatballs
- Sausages
- Hot Dogs
End User Insights:
- Household
- Food Services
Regional Insights:
- Northeast
- Midwest
- South
- West
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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