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The global market size of cultivated meat will exceed *** million U.S. dollars in 2023. It is worth noting that short- and medium-term forecasts are very optimistic and reveal a gradual growth of the sector, thanks to which its value would be around ** billion U.S. dollars by 2032.

A sirloin to share

Given such figures, it is not surprising that more than *** companies were already operating in the cultivated meat sector in 2022, with more than ** percent of them distributed between Asia and America. The case of the United States stands out, concentrating more than ** percent of them. However, nothing grows from nothing. To found and develop these companies, venture capital worth *** million U.S. dollars was injected in 2022 alone, bringing the total recorded since 2016 to billion U.S. dollars.

How far does its appeal reach?

Despite greater awareness and openness from manufacturers and consumers toward new food alternatives, not everyone is 100 percent receptive. In the case of cultivated meat and seafood, the main criticisms raised by skeptics and detractors revolve around *** basic problems: its unnatural texture and its high price. Indeed, despite its promising long-term future, the cultivated meat and fish market is estimated to grow slowly and, although it will manage to outperform vegan substitutes based on plant protein starting in 2040, it will take a few more years before it dethrones conventional meat.