The cultured meat market in Brazil is expected to reach a projected revenue of US$ 301.4 million by 2030. A compound annual growth rate of 48.3% is expected of Brazil cultured meat market from 2023 to 2030.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
In Latin America, Brazil cultured meat market is projected to lead the regional market in terms of revenue in 2030.
Argentina is the fastest growing regional market in Latin America and is projected to reach USD 179.9 million by 2030.
Many companies in Brazil are collaborating with biotech startups and research institutions to develop and test new-cultured meat production methods and technologies, which is expected to boost the market in the country.
In March 2021, BRF Global, Brazilian food processing company, partnered with Israeli biotech start-up Aleph Farms, a cultivated meat company, to increase Brazil's meat supply using cell-cultured steak. BRF entered into an agreement with Aleph Farms to develop and produce cultivated meat using Aleph's Bio Farm production platform. BRF distributes animal-free beef in Brazil under the agreement.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Cultured Meat Market will help companies and investors design strategic landscapes.
Poultry was the largest segment with a revenue share of 38.76% in 2022.
Horizon Databook has segmented the Brazil cultured meat market based on poultry, beef, seafood, pork, duck covering the revenue growth of each sub-segment from 2017 to 2030.
Many companies in Brazil are collaborating with biotech startups and research institutions to develop and test new-cultured meat production methods and technologies, which is expected to boost the market in the country.
In March 2021, BRF Global, Brazilian food processing company, partnered with Israeli biotech start-up Aleph Farms, a cultivated meat company, to increase Brazil's meat supply using cell-cultured steak. BRF entered into an agreement with Aleph Farms to develop and produce cultivated meat using Aleph's Bio Farm production platform. BRF distributes animal-free beef in Brazil under the agreement.
Brazil Cultured Meat Market Source Outlook (Revenue, USD Million , 2018-2030)
Poultry
Beef
Seafood
Pork
Duck
Brazil Cultured Meat Market End-use Outlook (Revenue, USD Million , 2018-2030)
Nuggets
Burgers
Meatballs
Sausages
Hot Dogs
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil cultured meat market report, including forecasts for subscribers. This country databook contains high-level insights into Brazil cultured meat market report from 2018 to 2030, including revenue numbers, major trends, and company profiles.