Middle East & Africa Cultured Meat Market, 2022-2030
The cultured meat market in Middle East & Africa is expected to reach a projected revenue of US$ 313.5 million by 2030. A compound annual growth rate of 40.5% is expected of Middle East & Africa cultured meat market from 2023 to 2030.
Globally, North America is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 1,996.7 million by 2030.
According to a recent study by GOOD Meat, a cultivated meat subsidiary of the food technology company Eat Just, Inc., consumer knowledge of cultivated meat is still limited in the Middle East, but there is a strong interest in purchase once the concept has been introduced. Only 34% of people surveyed across six Middle Eastern nations—the UAE, Egypt, Israel, Qatar, Kuwait, and Saudi Arabia—were aware of cultured meat.
Additionally, the study, which surveyed more than 2,000 people, found that public awareness of cultivated meat is the highest in Israel, followed by the UAE, and the lowest in Egypt. Despite identifying cultured meat products as being safe, healthy, and beneficial for food security, the respondents were unable to distinguish between alternative proteins and associated advantages.
Technology-driven solutions are seen as the answer to problems posed by climate change, particularly among young people. In addition, respondents claimed they would be willing to spend more if it could be proven that cultured meat is safer and healthier than conventional meat.
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 38.83% in 2022.
Horizon Databook has segmented the Middle East & Africa cultured meat market based on poultry, beef, seafood, pork, duck covering the revenue growth of each sub-segment from 2017 to 2030.
According to a recent study by GOOD Meat, a cultivated meat subsidiary of the food technology company Eat Just, Inc., consumer knowledge of cultivated meat is still limited in the Middle East, but there is a strong interest in purchase once the concept has been introduced. Only 34% of people surveyed across six Middle Eastern nations—the UAE, Egypt, Israel, Qatar, Kuwait, and Saudi Arabia—were aware of cultured meat.
Additionally, the study, which surveyed more than 2,000 people, found that public awareness of cultivated meat is the highest in Israel, followed by the UAE, and the lowest in Egypt. Despite identifying cultured meat products as being safe, healthy, and beneficial for food security, the respondents were unable to distinguish between alternative proteins and associated advantages.
Technology-driven solutions are seen as the answer to problems posed by climate change, particularly among young people. In addition, respondents claimed they would be willing to spend more if it could be proven that cultured meat is safer and healthier than conventional meat.
Middle East & Africa Cultured Meat Market Source Outlook (Revenue, USD Million , 2018-2030)
Poultry
Beef
Seafood
Pork
Duck
Middle East & Africa 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 continent-level data and insights on the Middle East & Africa cultured meat market report, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa cultured meat market report from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Middle East Africa Cultured Meat Market, 2018-2030 (US$M)