Saudi Arabia Cultured Meat Market Size & Outlook, 2022-2030
Saudi Arabia cultured meat market, 2017-2030 (US$M)
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Saudi Arabia cultured meat market highlights
- The Saudi Arabia cultured meat market generated a revenue of USD 8.5 million in 2022 and is expected to reach USD 130.5 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 40.7% 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 8.5 million |
| Market revenue in 2030 | USD 130.5 million |
| Growth rate | 40.7% (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, Saudi Arabia accounted for 3.4% 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.
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Cultured Meat Market Scope
Cultured Meat Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 38.82% in 2022. Horizon Databook has segmented the Saudi Arabia cultured meat market based on poultry, beef, seafood, pork, duck covering the revenue growth of each sub-segment from 2017 to 2030.
Saudi Arabia imports over 50% of its beef from Brazil, which is extremely inefficient and unsafe for several reasons. It buys land outside of Saudi Arabia for its animals and provides security to guard that territory. Saudi Arabia is looking at cultivated meat as a potential cutting-edge solution to ensure food security.
However, progress is still extremely challenging because there aren't any standards for this aspect of food production. Investors are seeking regulatory environments that support technologies like cellular agriculture and plant-based substitutes.
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Target buyers of Saudi Arabia cultured meat market databook
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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 country-level data and insights on the Saudi Arabia cultured meat market, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia cultured meat market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia cultured meat market size, by source, 2017-2030 (US$M)
Saudi Arabia Cultured Meat Market Share, 2022 & 2030 (US$M)
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