Add 2 More Reports For 20% off

Report Overview

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

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.

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%

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.

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.

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.

Key Highlights of the Report

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:

  • Source
  • Application
  • End-Use
  • Region
Breakup by Source
  • Poultry
  • Pork
  • Beef
  • Seafood
  • Duck
Breakup by Application
  • Nuggets
  • Burgers
  • Meatballs
  • Sausages
  • Hot Dogs
  • Others
Breakup by End-Use
  • Household
  • Foodservices
  • Pet Industry
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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

Our Best Selling Reports

Outdoor Flooring Market

Guatemala Cheese Market

Medical Education Market

Permanent Magnets Market

silicon photonics market

TFT-LCD Display Panel Market

Vacuum Truck Market

Underwater Connectors Market

Fire Pump Controllers Market

Disposable Toothbrush Market

Cultured Meat Market Report Snapshots

Cultured Meat Market Size

Cultured Meat Market Analysis

Cultured Meat Companies

Cultured Meat Market Regional Analysis

*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.*

Looking for specific insights?

Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!

Key Questions Answered in the Report

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.

Purchase Full Report

Datasheet

 

USD 2,199

USD 1,999

tax inclusive*

  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

One User

USD 3,299

USD 2,999

tax inclusive*

  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

Five Users

USD 4,399

USD 3,999

tax inclusive*

  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

Unlimited Users

USD 5,499

USD 4,999

tax inclusive*

  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

How To Order

Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.

Select License Type

Choose the right license for your needs and access rights.

Click on ‘Buy Now’

Add the report to your cart with one click and proceed to register.

Select Mode of Payment

Choose a payment option for a secure checkout. You will be redirected accordingly.

Strategic Solutions for Informed Decision-Making

Connect For More Information

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.

Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.

We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.

We’re here to help answer any questions about our products and services.

Contact us

Our Offices


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

United States (Head Office)

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

Vietnam

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124