Lab-grown Meat Market by Type, Distribution Channel, Application—Global Forecast to 2035
Lab-grown Meat Market by Type (Beef, Poultry, Pork, Seafood), Distribution Channel (Business-to-Business, Business-to-Consumer), Application (Nuggets, Burger Patties, Meatballs, Steak, Hot Dogs & Sausages)—Global Forecast to 2035
The research report titled ‘Lab-grown Meat Market by Type (Beef, Poultry, Pork, Seafood), Distribution Channel (Business-to-Business, Business-to-Consumer), Application (Nuggets, Burger Patties, Meatballs, Steak, Hot Dogs & Sausages) -Global Forecast to 2035,’ provides an in-depth analysis of the lab-grown meat market across five major geographies emphasizing on the current market trends, market sizes, recent developments, and forecasts till 2035.
The lab-grown meat market is projected to reach $1.99 billion by 2035, at a CAGR of 24.1% from 2025–2035.
Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, and challenges. This market is characterized by more diversified operations, which offer healthy products, mainly due to rising health consciousness and consumer preference for sustainable food.
The high growth of the lab-grown meat market is mainly attributed to the technological advancements in the production of lab-grown meat, increasing venture investments in the lab-grown meat industry, growing focus on animal welfare, and the increasing demand for animal-based processed food products and allergen-free foods. However, high demand for plant-based protein, a lack of a standardized regulatory framework for lab-grown meat, psychological barriers to consuming lab-grown meat as food, and the growing vegan population are expected to restrain the growth of this market to a certain extent in the near future.
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Last Update : Nov 11, 2022 11:39 PM
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