South Africa Cultured Meat Market, 2022-2030
- Food Beverages & Tobacco
- Consumer Food & Beverages
- cultured meat market report
- Consumer Food & Beverages
South Africa Cultured Meat Market, 2018-2030 (US$M)
Global Market
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South Africa cultured meat market highlights
- The South Africa cultured meat market generated a revenue of USD 5.9 million in 2022 and is expected to reach USD 91.6 million by 2030.
- The South Africa market is expected to grow at a CAGR of 40.9% from 2023 to 2030.
- In terms of segment, poultry was the largest revenue generating source in 2022.
- Pork is the most lucrative source segment registering the fastest growth during the forecast period.
Cultured meat market data book summary
| Market revenue in 2022 | USD 5.9 million |
| Market revenue in 2030 | USD 91.6 million |
| Growth rate | 40.9% (CAGR from 2022 to 2030) |
| Largest segment | Poultry |
| Fastest growing segment | Pork |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Poultry, Beef, Seafood, Pork, Duck |
| Key market players worldwide | Strauss Group Ltd, Avant Meats, Biftek, Mosa Meat, BlueNalu, BioFood Systems, Wildtype, New Age Eats, Shiok Meats, SuperMeat, Meatable, Finless Foods, Fork & Good, Future Meat Technologies, UPSIDE Foods, Mission Barns |
Other key industry trends
- In terms of revenue, South Africa accounted for 2.4% of the global cultured meat market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia cultured meat market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 91.6 million by 2030.
Developing nations like South Africa are expected to account for the great majority of the increase in global meat consumption despite facing food insecurity, due to their rapid population growth, rising incomes, and urbanization. Meat is a protein source that requires a lot of resources, so rising demand for it in emerging nations will probably put even greater pressure on an already overburdened food system.
South Africa is an ideal developing nation for exploring cultured meat market paths to a more wholesome, sustainable, and balanced protein supply because of the concerns of high food poverty and the rise of diet-related illnesses linked to high meat consumption.
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Publish Date: Feb 06, 2025
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Cultured Meat Market Report
Cultured Meat Market Report Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Strauss Group Ltd | View profile | 1,109 | 49 Hasivim Street, Kiryat Matalon, P.O. Box 194, Petach Tikva, Israel, 4959504 | www.strauss-group.com |
| Fork & Good | View profile | 11-50 | Brooklyn, New York, United States, North America | forkandgood.com/ |
| Avant Meats | View profile | 1-10 | Central, Hong Kong Island, Hong Kong, Asia | www.avantmeats.com/ |
| Biftek | View profile | 1-10 | Newark, New Jersey, United States, North America | biftek.co/ |
| Mosa Meat | View profile | 101-250 | Maastricht, Limburg, The Netherlands, Europe | www.mosameat.com |
| BlueNalu | View profile | 11-50 | San Diego, California, United States, North America | www.bluenalu.com |
| BioFood Systems | View profile | 1-10 | Hod Hasharon, HaMerkaz, Israel, Asia | www.biofood-systems.com/ |
| Wildtype | View profile | 11-50 | Mason, Michigan, United States, North America | www.wildtypeplants.com |
| New Age Eats | View profile | 11-50 | Berkeley, California, United States, North America | newageeats.com |
| Shiok Meats | View profile | 11-50 | Singapore, Central Region, Singapore, Asia | shiokmeats.com |
South Africa cultured meat market report
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 38.98% in 2022.
Horizon Databook has segmented the South Africa cultured meat market based on poultry, beef, seafood, pork, duck covering the revenue growth of each sub-segment from 2017 to 2030.
Developing nations like South Africa are expected to account for the great majority of the increase in global meat consumption despite facing food insecurity, due to their rapid population growth, rising incomes, and urbanization. Meat is a protein source that requires a lot of resources, so rising demand for it in emerging nations will probably put even greater pressure on an already overburdened food system.
South Africa is an ideal developing nation for exploring cultured meat market paths to a more wholesome, sustainable, and balanced protein supply because of the concerns of high food poverty and the rise of diet-related illnesses linked to high meat consumption.
- South Africa Cultured Meat Market Source Outlook (Revenue, USD Million , 2018-2030)
- Poultry
- Beef
- Seafood
- Pork
- Duck
- South 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 country-level data and insights on the South Africa cultured meat market report, including forecasts for subscribers. This country databook contains high-level insights into South Africa cultured meat market report from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Africa Cultured Meat Market, 2018-2030 (US$M)
South Africa cultured meat market statistics, by source, 2017-2030 (US$M)
