Cultured Meat Market size is expected to reach USD 6.9 billion by 2030
Cultured Meat Industry Overview The global cultured meat market size was valued at USD 246.9 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 51.6% from 2023 to 2030. The growing technological advancements in the alternative proteins space are driving a shift toward sustainable food systems globally. Meat substitutes and alternative proteins are gaining global attention with the growing need to overcome meat shortages against the growing population and environmental impact. The awareness of environmental sustainability and rising focus on securing meat supply are among the factors responsible for the growth of the cultured meat industry globally. Gather more insights about the market drivers, restrains and growth of the Cultured Meat Market There was an increased demand for bioreactors from the pharmaceutical industry for COVID-19 vaccine production. This resulted in delayed lead times for bioreactors. However, the cultivated meat industr...