South Africa Cultured Food Market Size & Outlook

The cultured food market in South Africa is expected to reach a projected revenue of US$ 814.4 million by 2030. A compound annual growth rate of 7.1% is expected of South Africa cultured food market from 2024 to 2030.
Revenue, 2023 (US$M)
$502.6
Forecast, 2030 (US$M)
$814.4
CAGR, 2024 - 2030
7.1%
Report Coverage
South Africa

South Africa cultured food market highlights

  • The South Africa cultured food market generated a revenue of USD 502.6 million in 2023 and is expected to reach USD 814.4 million by 2030.
  • The South Africa market is expected to grow at a CAGR of 7.1% 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 502.6 million
Market revenue in 2030USD 814.4 million
Growth rate7.1% (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, South Africa accounted for 1.6% 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 Middle East & Africa, South Africa cultured food 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 814.4 million by 2030.

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Cultured Food Market Companies

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South Africa 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 68.66% in 2023. Horizon Databook has segmented the South Africa 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 South Africa 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 South Africa cultured food market , including forecasts for subscribers. This country databook contains high-level insights into South Africa cultured food market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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

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

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

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