The global cultured meat market was valued at $65.2 million in 2023 and is projected to reach $6.50 billion by 2033, registering a CAGR of 58.5% from 2024 to 2033.
Cultured meat, also known as lab-grown meat, is produced by in vitro cultivation of animal cells, rather than by traditional animal agriculture methods such as raising and slaughtering livestock. The process involves taking a small sample of animal cells, typically from muscle tissue, and providing them with the necessary nutrients, growth factors, and scaffolding to encourage them to grow and multiply in a controlled environment, such as a bioreactor.
Consumers are progressively seeking allergen-free food to meet their nutritional needs. Food manufacturers vitally focus on the production of food with allergen-free ingredients and invest heavily to increase their product portfolio with allergen-free labeled food products.
The demand for allergen-free food solutions has gained high momentum, especially in developed regions such as the U.S. and Europe. Moreover, increase in health consciousness among consumers has propelled the demand for allergen-free products. An increase in traction for allergen-free food is expected to have positive implications on the quick acceptance of cultured meat by people who face major allergic reactions due to the consumption of animal-based products, including milk and meat.
Researchers and scientists are actively working on cultivating meat with no allergy-forming constituents. Alpha-gal syndrome is one of the common forms of red meat allergy. This is caused by an immune system reaction to a sugar molecule that can enter the blood through tick bites. According to the American Academy of Allergy, Asthma, and Immunology (AAAAI), certain blood types are protective against red meat allergy.
People with B or AB blood types are five times less likely to be diagnosed with a red meat allergy. This can be a challenging opportunity for scientists to engineer cultured meat without alpha-gal and make it appropriate for alpha-gal syndrome sufferers. Thus, the presence of a large consumer base for cultured meat notably contributes to the growth of the global market.
Regulatory support plays a pivotal role in driving the growth of the cultured meat market by providing a clear pathway for companies to navigate the complex landscape of food safety and approval processes. As regulatory bodies increasingly recognize cultured meat as a viable and safe alternative to conventional meat products, it instills confidence in consumers and investors alike, thereby fostering market growth. Clear regulatory guidelines and approval processes streamline the commercialization process, reducing uncertainty for companies and facilitating investment in research, development, and scaling up production facilities.
Moreover, regulatory support helps to level the playing field by ensuring that cultured meat products are subject to the same standards and oversight as traditional meat products. This not only ensures consumer safety but also helps to legitimize cultured meat as a credible and viable solution to the challenges facing the conventional meat industry, such as environmental degradation and animal welfare concerns. By providing a regulatory framework that fosters innovation while ensuring safety and transparency, regulatory support creates an enabling environment for the cultured meat market to thrive, driving adoption and market growth in the long term.
Consumer acceptance plays a pivotal role in driving the growth of the cultured meat market. As consumers become more receptive to the idea of cultured meat, demand for these products increases, incentivizing companies to invest further in research, development, and commercialization. Factors such as taste, texture, and price parity with traditional meat are crucial in winning over consumers. As cultured meat products become more widely available and meet or exceed consumer expectations in terms of sensory experience and affordability, adoption rates are expected to accelerate, leading to exponential market growth.
Moreover, consumer acceptance also influences regulatory attitudes and investment decisions. Favorable consumer sentiment toward cultured meat encourages regulatory bodies to develop clear frameworks for its production and sale, reducing regulatory barriers and facilitating market entry for industry players. Additionally, positive consumer reception attracts increased investment from both private and public sources, providing the capital needed for scaling up production and driving down costs. As consumer acceptance of cultured meat grows, it creates a virtuous cycle of increased demand, innovation, regulatory support, and investment, all of which contribute to the rapid expansion of the cultured meat market.
Cultural shifts towards more sustainable and ethical consumption practices play a pivotal role in driving the growth of the cultured meat market. As societal awareness grows regarding the environmental impact and ethical concerns associated with conventional meat production, consumers are actively seeking alternative protein sources that align with their values. This shift is particularly pronounced among younger generations who are more attuned to issues of sustainability, animal welfare, and health. Through social media, advocacy campaigns, and educational initiatives, these consumers are driving demand for cultured meat as a viable and ethical protein option.
Furthermore, cultural shifts are reshaping perceptions of food and paving the way for innovative food technologies such as cultured meat to gain wider acceptance. As consumers become more open to trying new products and embracing novel food experiences, the cultured meat market stands to benefit from this evolving mindset. By positioning cultured meat as a sustainable, cruelty-free, and environmentally friendly protein source, companies in this sector can capitalize on the growing cultural momentum towards more conscious consumption habits, driving further growth and adoption of cultured meat products.
The cultured meat market analysis is segmented into type, end user, and region. By type, the market is divided into red meat, poultry, and seafood. By end user, the market is segmented into household and food services. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, the UK, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Thailand, Indonesia, and rest of Asia-Pacific), Latin America (Brazil, Argentina, and rest of Latin America), and Middle East and Africa (South Africa, Saudi Arabia, UAE, and rest of MEA).
The players in the cultured meat market have adopted acquisition, business expansion, partnership, collaboration, and product launch as their key development strategies to increase profitability and improve their position in the cultured meat market.
Some of the key players profiled in the cultured meat market analysis include Aleph Farms Ltd., Cubiq Foods S.L., Future Meat Technologies, Meatable B.V., Memphis Meats, Mission Barns, Mosa Meat BV, Redefine Meat, and Vow Group Pty Ltd.
Cultured meat, also known as lab-grown meat, is produced by in vitro cultivation of animal cells, rather than by traditional animal agriculture methods such as raising and slaughtering livestock. The process involves taking a small sample of animal cells, typically from muscle tissue, and providing them with the necessary nutrients, growth factors, and scaffolding to encourage them to grow and multiply in a controlled environment, such as a bioreactor.
Consumers are progressively seeking allergen-free food to meet their nutritional needs. Food manufacturers vitally focus on the production of food with allergen-free ingredients and invest heavily to increase their product portfolio with allergen-free labeled food products.
The demand for allergen-free food solutions has gained high momentum, especially in developed regions such as the U.S. and Europe. Moreover, increase in health consciousness among consumers has propelled the demand for allergen-free products. An increase in traction for allergen-free food is expected to have positive implications on the quick acceptance of cultured meat by people who face major allergic reactions due to the consumption of animal-based products, including milk and meat.
Researchers and scientists are actively working on cultivating meat with no allergy-forming constituents. Alpha-gal syndrome is one of the common forms of red meat allergy. This is caused by an immune system reaction to a sugar molecule that can enter the blood through tick bites. According to the American Academy of Allergy, Asthma, and Immunology (AAAAI), certain blood types are protective against red meat allergy.
People with B or AB blood types are five times less likely to be diagnosed with a red meat allergy. This can be a challenging opportunity for scientists to engineer cultured meat without alpha-gal and make it appropriate for alpha-gal syndrome sufferers. Thus, the presence of a large consumer base for cultured meat notably contributes to the growth of the global market.
Regulatory support plays a pivotal role in driving the growth of the cultured meat market by providing a clear pathway for companies to navigate the complex landscape of food safety and approval processes. As regulatory bodies increasingly recognize cultured meat as a viable and safe alternative to conventional meat products, it instills confidence in consumers and investors alike, thereby fostering market growth. Clear regulatory guidelines and approval processes streamline the commercialization process, reducing uncertainty for companies and facilitating investment in research, development, and scaling up production facilities.
Moreover, regulatory support helps to level the playing field by ensuring that cultured meat products are subject to the same standards and oversight as traditional meat products. This not only ensures consumer safety but also helps to legitimize cultured meat as a credible and viable solution to the challenges facing the conventional meat industry, such as environmental degradation and animal welfare concerns. By providing a regulatory framework that fosters innovation while ensuring safety and transparency, regulatory support creates an enabling environment for the cultured meat market to thrive, driving adoption and market growth in the long term.
Consumer acceptance plays a pivotal role in driving the growth of the cultured meat market. As consumers become more receptive to the idea of cultured meat, demand for these products increases, incentivizing companies to invest further in research, development, and commercialization. Factors such as taste, texture, and price parity with traditional meat are crucial in winning over consumers. As cultured meat products become more widely available and meet or exceed consumer expectations in terms of sensory experience and affordability, adoption rates are expected to accelerate, leading to exponential market growth.
Moreover, consumer acceptance also influences regulatory attitudes and investment decisions. Favorable consumer sentiment toward cultured meat encourages regulatory bodies to develop clear frameworks for its production and sale, reducing regulatory barriers and facilitating market entry for industry players. Additionally, positive consumer reception attracts increased investment from both private and public sources, providing the capital needed for scaling up production and driving down costs. As consumer acceptance of cultured meat grows, it creates a virtuous cycle of increased demand, innovation, regulatory support, and investment, all of which contribute to the rapid expansion of the cultured meat market.
Cultural shifts towards more sustainable and ethical consumption practices play a pivotal role in driving the growth of the cultured meat market. As societal awareness grows regarding the environmental impact and ethical concerns associated with conventional meat production, consumers are actively seeking alternative protein sources that align with their values. This shift is particularly pronounced among younger generations who are more attuned to issues of sustainability, animal welfare, and health. Through social media, advocacy campaigns, and educational initiatives, these consumers are driving demand for cultured meat as a viable and ethical protein option.
Furthermore, cultural shifts are reshaping perceptions of food and paving the way for innovative food technologies such as cultured meat to gain wider acceptance. As consumers become more open to trying new products and embracing novel food experiences, the cultured meat market stands to benefit from this evolving mindset. By positioning cultured meat as a sustainable, cruelty-free, and environmentally friendly protein source, companies in this sector can capitalize on the growing cultural momentum towards more conscious consumption habits, driving further growth and adoption of cultured meat products.
The cultured meat market analysis is segmented into type, end user, and region. By type, the market is divided into red meat, poultry, and seafood. By end user, the market is segmented into household and food services. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, the UK, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Thailand, Indonesia, and rest of Asia-Pacific), Latin America (Brazil, Argentina, and rest of Latin America), and Middle East and Africa (South Africa, Saudi Arabia, UAE, and rest of MEA).
The players in the cultured meat market have adopted acquisition, business expansion, partnership, collaboration, and product launch as their key development strategies to increase profitability and improve their position in the cultured meat market.
Some of the key players profiled in the cultured meat market analysis include Aleph Farms Ltd., Cubiq Foods S.L., Future Meat Technologies, Meatable B.V., Memphis Meats, Mission Barns, Mosa Meat BV, Redefine Meat, and Vow Group Pty Ltd.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cultured meat market analysis from 2023 to 2033 to identify the prevailing cultured meat market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the cultured meat market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global cultured meat market trends, key players, market segments, application areas, and market growth strategies.
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- Average Selling Price Analysis / Price Point Analysis
- Brands Share Analysis
- Historic market data
- Per Capita Consumption Trends
- SWOT Analysis
- Volume Market Size and Forecast
Key Market Segments
By Type
- Red Meat
- Poultry
- Seafood
By End User
- Household
- Food Services
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- Singapore
- Japan
- India
- China
- Rest of Asia-Pacific
- LAMEA
- Israel
- Saudi Arabia
- South Africa
- UAE
- Rest of LAMEA
Key Market Players
- Aleph Farms Ltd.
- Cubiq Foods S.L.
- Future Meat Technologies
- Meatable B.V.
- Memphis Meats, Inc.
- Mission Barns
- Mosa Meat BV
- Redefine Meat
- Vow Group Pty Ltd.
Please note:
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: CULTURED MEAT MARKET, BY TYPE
CHAPTER 5: CULTURED MEAT MARKET, BY END USER
CHAPTER 6: CULTURED MEAT MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
- Aleph Farms Ltd.
- Cubiq Foods S.L.
- Future Meat Technologies
- Meatable B.V.
- Memphis Meats, Inc.
- Mission Barns
- Mosa Meat BV
- Redefine Meat
- Vow Group Pty Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 305 |
| Published | May 2024 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value ( USD | $ 65.2 million |
| Forecasted Market Value ( USD | $ 6500 million |
| Compound Annual Growth Rate | 58.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
