Middle East & Africa Cultured Meat Market Size & Outlook
Middle East & Africa cultured meat market, 2017-2030 (US$M)
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MEA cultured meat market highlights
- The MEA cultured meat market generated a revenue of USD 20.6 million in 2022.
- The market is expected to grow at a CAGR of 40.5% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 20.6 million |
| Market revenue in 2030 | USD 313.5 million |
| Growth rate | 40.5% (CAGR from 2022 to 2030) |
| Largest segment | Poultry |
| Fastest growing segment | Pork |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, MEA region accounted for 8.4% of the global cultured meat market in 2022.
- 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Cultured Meat Market Scope
Cultured Meat Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa cultured meat 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 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.
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Our clientele includes a mix of cultured meat market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 continent-level data and insights on the Middle East & Africa cultured meat market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa cultured meat market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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MEA cultured meat market size, by country, 2017-2030 (US$M)
Middle East & Africa Cultured Meat Market Share, 2022 & 2030 (US$M)
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