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Base Year
Historical Year
Forecast Year
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.
Global Cultured Meat Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 2.79 |
Market Size 2032 | USD Billion | 81.66 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 45.5% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 51.3% |
CAGR 2024-2032 - Market by Country | India | 58.8% |
CAGR 2024-2032 - Market by Country | Canada | 50.2% |
CAGR 2024-2032 - Market by Application | Nuggets | 53.4% |
CAGR 2024-2032 - Market by End Use | Foodservices | 51.0% |
Market Share by Country 2023 | Germany | 5.4% |
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.
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.
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.
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.
CAGR 2024-2032 - Market by | Country |
India | 58.8% |
Canada | 50.2% |
China | 49.1% |
UK | 46.9% |
Mexico | 41.9% |
USA | XX% |
Germany | XX% |
France | XX% |
Italy | 41.4% |
Japan | XX% |
Australia | XX% |
Saudi Arabia | XX% |
Brazil | XX% |
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.
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.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Source |
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Breakup by Application |
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Breakup by End-Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached an approximate value of USD 2.79 billion.
The market is estimated to grow at a CAGR of 45.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 81.66 billion by 2032.
The market is being driven by the growing demand for clean meat products, increasing focus on animal welfare, and changing customer food choices combined with rising disposable incomes.
The key trends aiding the market expansion include technological advancements in the field of tissue engineering and regenerative medicine (TERM) and innovations in the alternative protein category.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major applications of cultured meat include nuggets, burgers, meatballs, sausages, and hot dogs, among others.
The major players in the market are 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), and Meatable B.V., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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