Global Cultured Meat Market Report and Forecast 2024-2032

Global Cultured Meat Market Outlook

The global cultured meat market size was approximately USD 2.79 billion in 2023. The market is assessed to grow at a CAGR of 45.5% between 2024 and 2032, reaching a value of USD 81.66 billion by 2032.

Key Trends in the Market

Cultured meat, also known as cultivated meat or lab-grown or clean meat, refers to animal meat grown in labs by culturing animal cells in vitro. This form of cellular agriculture enables the production of genuine animal meat entirely outside of an animal's body with the help of tissue engineering and regenerative medicine.

• One of the key cultured meat market trends is the advances in the field of tissue engineering and regenerative medicine (TERM). These advancements allow the production of animal meat (including seafood and organ meats) in a lab, reducing the need for the rearing of animals for food. Cultured meat has similar sensory qualities and nutritional profiles as that of conventional meat and does not require animals to be slaughtered, creating a more sustainable and humane lab-grown meat industry.

• The demand for meat substitutes is increasing as a result of rapid innovations in the alternative proteins space and a shift toward sustainable food systems. Alternative proteins, including lab-grown meat, are likely to play a crucial role in overcoming meat shortages and meet the rising food demands of the global population while minimizing environmental impact and promoting animal welfare.

• The leading companies are focused on advancing their research and development efforts to produce cultured meat on a large scale, aiming to commercialize cultured meat products by obtaining regulatory approvals. This is likely to enhance the cultured meat market demand in the coming years.

Market Analysis

Based on source, the market is segmented into poultry, pork, beef, seafood, and duck. On the basis of application, the market can be divided into nuggets, burgers, meatballs, sausages, and hot dogs, among others. The cultured meat market segmentation, based on end use, includes household, foodservices, and pet industry.

The major regional markets for cultured meat include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global cultured meat market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• BlueNalu, Inc. 

• Supermeat The Essence of Meat Ltd. 

• Shiok Meats Pte Ltd. 

• Finless Foods, Inc. 

• Upside Foods, Inc. 

• Mission Barns 

• Vow Group Pty Ltd. 

• Aleph Farms Ltd. 

• Eat Just, Inc. (GOOD Meat) 

• Meatable B.V. 

• Others

Market Share by End Use

As per the cultured meat market analysis, the foodservice sector significantly contributes to the demand for cultured meat products. The expansion of food chains and the increasing consumer preference for clean meat have been favouring the growth of the segment. Furthermore, with rising health consciousness and growing awareness regarding the perceived health benefits of cultured meats, consumers are increasingly looking for menus that meet their demands. Resonating with consumers, restaurants and food service joints are expanding their food offerings, including cultured meat burgers and hotdogs. In the coming years, more dishes and preparations utilsing cultured meat are likely to be added to the global food menu, especially in regions like Europe and the US.

Market Share by Region

North America accounts for a significant cultured meat market share due to rising preference for sustainable meat and poultry products in the region and favourable government regulations, such as the USDA and the FDA’s announcement to oversee the production of cultured meat and poultry products in 2019. To tap the growing market, several companies based in the US are focusing on investing in cell-agriculture technologies and meet the region’s growing demand for cultivated meats.

Meanwhile, the Asia Pacific is expected to witness a significant increase in demand for cultured meat in the forecast period, due primarily to increasing meat consumption, growing animal welfare considerations, rising disposable income, and increasing investments to support the cultivated meat market in nations like Singapore and China.

Competitive Landscape

BlueNalu, Inc. is a company that produces cell-cultured seafoods and seafood products, which serve as alternatives to conventional seafood products that may be high in contaminants. The company aims to be the leader in cellular aquaculture, offering trusted seafood products that guarantee great taste, health, and food safety.

Supermeat The Essence of Meat Ltd., is a company offering cultivated meat solutions to improve food safety and enhance the global food system while lowering carbon emissions. The company uses a sustainable and animal-friendly process to provide consumers with chicken meat of the highest quality, grown directly from cells.

Shiok Meats Pte Ltd., a lab-made chicken meat provider, is Israel’s one of the leading cultivated chicken meat firms. The company aims to provide high-quality, clean meat grown directly from animal cells in a safe and controlled environment.

Other cultured meat market players include Finless Foods, Inc., Upside Foods, Inc., Mission Barns, Vow Group Pty Ltd., Aleph Farms Ltd., Eat Just, Inc. (GOOD Meat), and Meatable B.V.

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Cultured Meat Market Report Snapshots

Cultured Meat Market Size

Cultured Meat Market Analysis

Cultured Meat Companies

Cultured Meat Market Regional Analysis