Most Awaited Q3 Sale is back. Upto 30% discount on every report.

Cultured Meat Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2023 August 01
SKU : FB2119
excelpdfpowerpoint
180 pages
Report Summary
Table of Contents
List of Tables & Figures

Cultured Meat Market is segmented By Meat Type (Poultry, Beef, Seafood, Pork, Others), By Product Type (Sausages, Burgers, Nuggets, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

 

Cultured Meat Market Overview

The Cultured Meat Market is expected to grow at a CAGR of 17.2 during the forecasting period (2023-2030). The Global Cultured Meat Market reached US$ 224 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 797 million by 2030. Cultured meat also known as lab-grown meat is produced through in-vitro cultivation of animal cells, instead of slaughtered animals.

 

Cultured meat has financial, health, animal welfare, and environmental advantages over traditional meat. The cultured meat industry is experiencing new collaboration between the existing startups focusing on improving awareness among the communities regarding cell culture techniques and lab-grown meat technologies. Currently, the initial price of lab-grown meat is quoted at higher than traditional meat & further commercialization of cultured meat is expected to decrease the price and boost the sales during the forecast period.

 

Cell-based meat, also known as lab-grown or cultivated meat, is produced using cell culture technology and tissue engineering. It involves cell proliferation in bioreactors, utilizing stem cells and scaffold materials. This process allows for the differentiation of cells into muscle tissue, replicating the taste, texture and nutritional composition of traditional meat and driving the cultured meat market size.

Cell-based meat offers a sustainable and ethical solution to address environmental concerns and reduce animal agriculture's impact while providing a secure and efficient food supply. Technological advancements in the alternative proteins sector are fueling a global transition towards sustainable food systems. As the demand for meat increases due to population growth, coupled with concerns over environmental impact, meat substitutes and alternative proteins are garnering significant attention.

 

Cultured Meat Market Summary and Scope

Metrics

Details

CAGR

17.2 %

Size Available for Years

2021-2030

Forecast Period

2023-2030

Data Availability

Value (US$)

Segments Covered

Meat Type, Product Type and Region

Regions Covered

North America, Europe, Asia-Pacific, South America and Middle East & Africa

Fastest Growing Region

North America

Largest Region

Europe

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights.

 

Cultured Meat Market Dynamics and Trends

Environmental Concerns About Conventional Meat Production

According to studies, conventional meat production contributes significantly to environmental concerns. For instance, livestock farming is responsible for a significant portion of greenhouse gas emissions, with estimates ranging from 14.5% to 18% of global emissions in 2022. Conventional meat production requires substantial amounts of water, contributing to water scarcity and pollution through runoff from animal waste.

The use of antibiotics and hormones in livestock farming can lead to environmental contamination and antibiotic resistance. Animal waste from factory farms can contaminate soil and waterways, posing risks to ecosystems and human health and driving the global cultured meat market expansion.

The High Production Cost Hampers the Market Expansion

The process of cultivating meat in a lab setting is expensive, primarily due to the complex and resource-intensive nature of cell culture and tissue engineering techniques. The high costs are mainly attributed to the expensive growth media, scaffolding materials and bioreactors required for cell proliferation and differentiation.

However, ongoing research and technological advancements are focused on reducing production costs and increasing efficiency to make cultured meat more economically viable and accessible to a wider consumer base.

 

Cultured Meat Marke Segmentation Analysis

The global cultured meat market is segmented based on meat type, product type and region.

Poultry Segment Accounts for the Highest Share in Global Cultured Meat Market

Chicken consumption has witnessed a steady rise in North America over the past five decades. In the United States, chicken is the most consumed meat, with an astonishing figure of over 8 billion chickens slaughtered annually for food purposes. On a global scale, the number of chickens raised each year exceeds 50 billion.

This surge in demand for poultry has attracted numerous startups and market entrants who are investing in cellular agriculture technology to develop cultivated poultry products. Consequently, this trend is facilitating the growth of the poultry segment in the market. For instance, on November 17, 2022, Upside’s cell-cultured chicken received FDA approval for its production method.

 

Cultured Meat Market Geographical Share

North America is Expected to be the Dominating Region During Forecast Period.

By region, the global cultured meat market is segmented into North America, South America, Europe, Asia-Pacific, Middle-east and Africa.

In North America, cultured meat is gaining significant attention and investment as a promising meat alternative to conventional meat production. Several startups and companies in the region are actively working on developing and commercializing cultured meat products. For instance, on July 26, 2022, The United States accounts for a significant majority, specifically 62.2% of global investment in lab-grown meat.

Moreover, the US has exceeded the billion-pound mark, with a reported funding of £1,360.24 million dedicated to research in the cultured meat market. The increasing consumer demand for sustainable and ethical food options, coupled with growing environmental concerns and the need to address meat shortages, has propelled the interest in cultured meat within North America.

Regulatory bodies and research institutions are also actively involved in supporting and regulating the development of this emerging industry. Overall, North America is emerging as a key player in the cultured meat market, with a focus on advancing technology and creating a sustainable and scalable industry.

 

Cultured Meat Market Competitive Landscape

The major global players include BlueNalu, Inc., BioFood Systems Ltd, WildType, New Age Eats, Shiok Meats Pte Ltd, SuperMeat, Aleph Farms, Avant Meats Company Limited, Biftek INC,  and Mosa Meat.

Covid Impact

The COVID-19 pandemic has had mixed impacts on the cultured meat industry. On one hand, it has raised awareness and interest in alternative protein sources due to the vulnerabilities and risks associated with traditional meat production. This has led to increased support for sustainable food systems.

However, the industry has faced challenges such as disruptions in research and development, delays in scaling up production and difficulties in securing funding due to the economic downturn. Despite these obstacles, the long-term prospects for cultured meat remain promising as the need for resilient and sustainable food production continues to gain importance.

By Meat Type

  • Poultry
  • Beef
  • Seafood
  • Pork
  • Others

By Product Type

  • Sausages
  • Burgers
  • Nuggets
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • The U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia-Pacific
  • Middle East and Africa

Key Developments

  • On Jul 16, 2022, Aleph Farms, a food technology company granted regulatory approval for the commercial sale of cultivated meat products, with U.S.-based Eat Just receiving the go-ahead for two of its products.
  • On September 14, 2022, Prolific Machines, a next-generation biomanufacturing company, launched Henry Ford’s approach’ to cell growth. Many of the companies that have emerged in the past five years are still primarily focused on research and development, as this technology is in its early stages of development.
  • On July 4, 2022, S2G Ventures, the direct investment arm of Builders Vision, a renowned impact platform company, provided approximately USD 10.8 million in series funding to Avant Meats Company Limited.

This financial support enabled Avant Meats to advance their commercialization efforts in the production of marine protein and cultivated fish, as well as expand their production scale. Ultimately, this funding has facilitated the sale of high-quality products to consumers.

Why Purchase the Report?

  • To visualize the global cultured meat market segmentation based on meat type, product type and region, as well as understand key commercial assets and players.
  • Identify commercial opportunities by analyzing trends and co-development.
  • Excel data sheet with numerous data points of cultured meat market-level with all segments.
  • PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
  • Product mapping available as Excel consisting of key products of all the major players.

The global cultured meat market report would provide approximately 77 tables, 82 figures and 195 Pages.

Target Audience 2023

  • Manufacturers / Buyers
  • Industry Investors/Investment Bankers
  • Research Professionals
  • Emerging Companies

Suggestions for Related Reports

  • Global Poultry Meat Market
  • Global Beef Meat Market
  • Global  Seafood Market
  • Global Pork Market
  • Global Meat Alternatives Market
  • Global Meat Snacks Market
Buy this report
Single User
$4350$3480
Multiple User
$4850$3880
Enterprise User
$7850$6280
Proceed to Buy
Request new version
FAQ’s
What is the Projected CAGR value of the Cultured Meat Market?
Cultured Meat Market is expected to grow at a CAGR of 4.8% during the forecasting period 2023-2030.
Which region controlled the global market during 2023-2030?
North America region Controls the Cultured Meat Market during 2023-2030.
Which is the fastest growing region in the Cultured Meat Market?
Among all regions, Asia Pacific is the fastest growing market share during the forecast period.
Who are the key players in Cultured Meat Market?
Major players are BlueNalu, Inc., BioFood Systems Ltd, WildType, New Age Eats, Shiok Meats Pte Ltd, SuperMeat, Aleph Farms, Avant Meats Company Limited, Biftek INC,  and Mosa Meat.
Related Reports
agriculture

Agriculture Nets Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2023 May 24
Starting from

$4350

food-and-beverages

Reconstituted Meat Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2023 April 12
Starting from

$4350

food-and-beverages

Camel Meat Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2023 August 21
Starting from

$4350

food-and-beverages

Plant-Based Meat Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2023 May 10
Starting from

$4350

food-and-beverages

Pork Meat Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2023 August 11
Starting from

$4350

food-and-beverages

Meat Processing Equipment Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2023 July 31
Starting from

$4350