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Future Fare: Exploring the Growth of Cultured Meat


The global cultured meat market is set to witness cultured meat market growth at a CAGR of 18.7% and top a valuation of US$ 22.6 Billion by 2032.

The COVID-19 epidemic, which is devastating the food and beverage industry, is expected to cause a fall in sales of cultured meat.The production of cultured meat is mostly a microbiological process, and the market for it is growing swiftly.

Consumer desire for cultured meat and changes in lifestyle following the coronavirus illness outbreak may have a significant impact, which is anticipated to play a crucial role in the market for cultured meat.

Examine the Market for Cultured Meat in the Future and Gain Understanding from FMI’s Sample Report : https://www.futuremarketinsigh....ts.com/reports/sampl

However, as of right now, only Singapore has authorised the sale of cultured meat products, followed by the US and a few other industrialised nations in terms of the key trends and opportunities in the cultured meat business.

The market for cultured meat is anticipated to rise as environmental and animal welfare concerns become more prevalent.

Key Takeaways from Market Study

The cultured meat market is worth of US$ 4.1 Billion sales in 2022.
The cultured meat market is expected to expand at CAGRs of 18.7% through 2032.
Global demand for cultured meat is projected to grow year-on-year (Y-o-Y) growth of 12.7% in 2022.
The cultured meat market is growing with a notable boost towards the production to reach USD 22.6 Billion by 2032.
Innovating formulations, research patenting, and sustainability are the factors driving cultured meat market growth to be the influencing factors
Competitive Landscape

Since the demand for cultured meat is increasing, particularly in developed countries, cultured meat producers are gaining a competitive advantage in the cultured meat market.

Cultured meat is one of the most important research projects in the last decade, and it is about to hit the cultured meat market with greater potential. This is further enhancing the global cultured meat market’s favourable market scenario.

Upside Foods (Memphis Meats), Nutreco, Merck KGaA, GOOD Meat (Eat Just, Inc.), Aleph Farms Ltd, Redefine Meat Ltd., Matrix Meats, Mosa Meat, MEATABLE B.V., Tyson Foods, Inc., and others are among the major players of the cultured meat market.

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Cultured Meat Market By Category

By Meat Type:

Poultry
Pork
Beef
Seafood
Others
By Application:

Food Services Industry
Pet Food Industry
Others
By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa

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Buttering Up Health: Exploring the Vegan Butter Trend

The global vegan butter market is forecasted to expand at 5% CAGR over the estimated period as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 4,784.7 million in 2033

The B2C sales channel has revealed an increase in demand for vegan butter made from oats, which is driving the vegan butter market ahead. The high demand for vegan butter made from oats can be traced to the success of related goods like oat milk.

Discover the Future of Vegan Butter Market – Get a Glimpse with Our Sample Report : https://www.futuremarketinsigh....ts.com/reports/sampl

Within the bakery industry, vegan butter is being perceptibly used at a large scale now. This evolution in the ingredient choice has been dictated by the surging health-wary consumers, who are seeking bakery items made of vegan butter.

Flavored vegan butter has also been gaining widespread traction, as evident with the increasing number of merchants introducing their line of flavored plant-based butter. Manufacturers require to focus on technological upgrades over the forecast period to:

Enhance manufacturing processes
Top Highlights from the FMI’s Analysis of the Vegan Butter Market:

The United States vegan butter industry garnered a 22.4% market share in 2022.
Germany’s share in the global vegan butter industry was 6% in 2022.
The United Kingdom is anticipated to expand from 2023 to 2033 with a CAGR of 5.5%.
Japan’s market contributed a value share of 2.9% in 2022.
Innovation Watch: New Developments in the Market

In September 2019, Country Crock® made moves along with the plant-based food movement by introducing Country Crock® Plant Butter, a new dairy-free plant butter, that is similar in taste to dairy butter. The product is made of plant-based oils and enriched with oils like almonds, avocados, and olives. The product is certified by Plant Based Foods Association (PBFA) as kosher, gluten-free, and plant-based, making it appropriate for vegan diets.
In July 2020, Flora, a margarine brand, announced that it is going 100% vegan. Following this announcement, the company introduced the Flora Plant range of 100% vegan butter. The block butter consists of palm, rapeseed, and sunflower oil. The wrapping material of this butter block is 100% biodegradable.
Key Players Operating in the Market

Wayfare Food
Chobani LLC
Miyoko’s Creamery
Milkadamia
Prosperity Organic Foods, Inc
Conagra Brands Inc.
Upfield Foods
Premier Organics
Forager Project
wildCREAMERY (Wildbrine®)
Others
Vegan Butter Market by Category

By Source:

Rice Milk
Oat Milk
Soy Milk
Corn Milk
Almond Milk
Pea Milk
Cashew Milk
Coconut Milk
Hemp Milk
Flax Milk
Others
By Flavor:

Unflavored
Flavored
Cocoa/ Chocolate
Cinnamon
Banana
Coconut
Grape
Hazelnut
Lemon
Peanut Butter
Raspberry
Strawberry
Vanilla
Other Flavors