Australia Cultured Food Market Size & Outlook, 2023-2030

The cultured food market in Australia is expected to reach a projected revenue of US$ 991.0 million by 2030. A compound annual growth rate of 9.3% is expected of Australia cultured food market from 2024 to 2030.
Revenue, 2023 (US$M)
$533.3
Forecast, 2030 (US$M)
$991.0
CAGR, 2024 - 2030
9.3%
Report Coverage
Australia

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Australia cultured food market, 2018-2030 (US$M)

Australia cultured food market, 2018-2030 (US$M)

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Australia cultured food market highlights

  • The Australia cultured food market generated a revenue of USD 533.3 million in 2023 and is expected to reach USD 991.0 million by 2030.
  • The Australia market is expected to grow at a CAGR of 9.3% from 2024 to 2030.
  • In terms of segment, dairy-based was the largest revenue generating product in 2023.
  • Meat and Seafood is the most lucrative product segment registering the fastest growth during the forecast period.


Cultured food market data book summary

Market revenue in 2023USD 533.3 million
Market revenue in 2030USD 991.0 million
Growth rate9.3% (CAGR from 2023 to 2030)
Largest segmentDairy-based
Fastest growing segmentMeat and Seafood
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationDairy-Based, Plant-Based, Meat and Seafood, Kombucha
Key market players worldwideFonterra Co-operative Group, Danone SA, Nestle SA, Chobani, UPSIDE Foods, Mosa Meat, Finless Foods, BlueNalu, Aleph Farms, Wildtype, Mission Barns, Perfect Day, SuperMeat, Shiok Meats


Other key industry trends

  • In terms of revenue, Australia accounted for 1.7% of the global cultured food market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China cultured food market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,780.1 million by 2030.

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Cultured Food Market Companies

Name Profile # Employees HQ Website
Perfect Day View profile 101-250 Berkeley, California, United States, North America http://www.perfectdayfoods.com
Aleph Farms View profile 51-100 Rehovot, HaMerkaz, Israel, Asia https://www.aleph-farms.com/
Mission Barns View profile 11-50 Berkeley, California, United States, North America https://www.missionbarns.com/
UPSIDE Foods View profile 101-250 Berkeley, California, United States, North America https://www.upsidefoods.com
Finless Foods View profile 11-50 Emeryville, California, United States, North America http://finlessfoods.com
SuperMeat View profile 1-10 Tel Aviv, Tel Aviv, Israel, Asia http://supermeat.com/
Shiok Meats View profile 11-50 Singapore, Central Region, Singapore, Asia https://shiokmeats.com
Wildtype View profile 11-50 Mason, Michigan, United States, North America https://www.wildtypeplants.com
BlueNalu View profile 11-50 San Diego, California, United States, North America https://www.bluenalu.com
Mosa Meat View profile 101-250 Maastricht, Limburg, The Netherlands, Europe http://www.mosameat.com
Chobani View profile 1001-5000 Norwich, New York, United States, North America http://www.chobani.com
Fonterra Co-operative Group View profile 10001+ Auckland, Auckland, New Zealand, Oceania http://fonterra.com
Danone SA View profile 88843 17, Boulevard Haussmann, Paris, France, 75009 https://www.danone.com
Nestle SA View profile 270000 Avenue Nestle 55, Vevey, Switzerland, CH-1800 https://www.nestle.com

Australia cultured food market outlook

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 food market will help companies and investors design strategic landscapes.


Dairy-based was the largest segment with a revenue share of 71.84% in 2023. Horizon Databook has segmented the Australia cultured food market based on dairy-based, plant-based, meat and seafood, kombucha covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Australia cultured food market databook

  • Our clientele includes a mix of cultured food market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the Australia cultured food market , including forecasts for subscribers. This country databook contains high-level insights into Australia cultured food market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Australia cultured food market report size, by product, 2018-2030 (US$M)

Australia Cultured Food Market Outlook Share, 2023 & 2030 (US$M)

Australia cultured food market report size, by product, 2018-2030 (US$M)

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