The Global Market for Cultured Meat - Market Size, Trends, Competitors, and Forecasts (2023)

Table of Contents

1. CULTURED MEAT OVERVIEW
1.1 Statement of the Report
1.2 Introduction
1.3 Executive Summary

2. HISTORY, SCIENCE, & TECHNOLOGY OF CULTURED MEAT
2.1 Nomenclature
2.2 History of Cultured Meat
2.3 The Science of Cultured Meat
2.3.1 Cell Lines
2.3.2 Cell Culture Media
2.3.3 Bioprocess Design
2.3.4 Scaffolding
2.3.5 End Product Considerations

3. POTENTIAL BENEFITS OF CULTURED MEAT
3.1 Sustainability
3.2 Environmental Benefits
3.3 Animal Welfare
3.4 Food Safety
3.5 Novel Foods

4. PHYSICAL AND CHEMICAL ASPECTS OF CULTURED MEAT
4.1 Structure and Texture
4.2 Color
4.3 Flavor
4.4 Nutritional Composition

5. CULTURE MEAT PRODUCTION TECHNOLOGIES AND ADVANCES
5.1 Step 1: Acquisition of Seed Cells
5.2 Step 2: Large-Scale Expansion of Seed Cells
5.3 Step 3: Induced Differentiation of Seed Cells
5.4 Step 4: Assembly of Cultured Cells into Meat Products
5.5 Technical Challenges for Large-Scale Production of Cultured Meat
5.5.1 Animal Component-Free Medium for Cell Culture
5.5.2 Intelligent Bioreactor for Scale Up
5.5.3 Degradable/Edible Scaffold for a 3D Structure
5.5.4 Technological Challenges in Cultured Meat Production
5.5.5 The Biggest Challenge
5.5.6 Mass Production Technology
5.5.7 Other Technological Challenges
5.5.8 Production Cost of Cultured Meat
5.6 Additional Emerging Applications of Cultured Meat Technology
5.7 Cultured Meat Reaching the Retail Market: Possible Scenarios

6. ANALYSIS OF CULTURE MEDIUM COSTS FOR LAB-GROWN MEAT 
6.1 Cost Breakdown of Pharmaceutical Grade Culture Media
6.2 Cost Breakdown of Food Grade Basal Medium Ingredients
6.3 Potential Scenarios to Reduce Cell Culture Medium Cost
6.3.1 Projected Cost and Fold Reduction (Cost Comparisons)

7. RESEARCH LANDSCAPE
7.1 Cell Line Research at ETH Zurich
7.2 Culture Media Research at New Castle University
7.3 Research at University of Wisconsin, Madison for Scaffolding
7.4 Research on Bioprocess Design at the University of BATH
7.5 Cultured Meat Research Lab Database
7.5.1 Funding for Academic Research on Cultured Meat
7.5.2 Research Funding: Cultured Meat
7.5.3 Collaborative Researchers in Cultured Meat Sector
7.6 Scientific Publications on Cultured Meat

8. PATENT LANDSCAPE
8.1 Types of Patent Claims
8.2 Notable Patent Holders in Cultured Meat
8.2.1 Impossible Foods
8.2.3 Beyond Meat
8.2.4 JUST
8.2.5 UPSIDE Foods (Memphis Meats)
8.2.6 Perfect Day Foods
8.3 Patent Applications for Scaffolds

9. INVESTMENT LANDSCAPE
9.1 Capital Invested by Type of Cultured Meat
9.3 Cultured Meat Companies by Size of Investment
9.4 Agronomics: The Largest Investor
9.5 Public Sector Investments in Cultured Meat Sector
9.6 A Bird’s-Eye View of Investments in Cultured Meat Sector
9.6.1 A Complete List of Venture Investments in the Cultured Meat Industry
9.6.2 Most Active Investors in the Cultured Meat Industry

10. CULTURED MEAT INDUSTRY: CURRENT STATUS, BREAKTHROUGHS, AND HISTORIC EVENTS
10.1 Global Presence of Cultured Meat Companies
10.2 Cultured Meat Products under Development
10.2.1 Chicken Nugget from JUST
10.2.2 Chicken Tender from Memphis Meats (UPSIDE Foods)
10.2.3 Cultured Beef Meat Ball by Memphis Meats (UPSIDE Foods)
10.2.4 Cultured Pork Belly and Bacon from Higher Steaks
10.2.5 Cultured Pork Sausage by New Age Meats
10.3 Share of Companies by Product Type
10.4 Cultured Meat Industry’s Landmark Events 
10.4.1 First QSR Partnership in Cultured Meat Space
10.4.2 First Partnership in Cultured Meat Space
10.4.3 First Restaurant Concept in Cultured Meat Space
10.4.4 First Acquisition in Cultured Meat Space
10.4.5 First Commercial Sale of Cultured Meat Product
10.4.6 First Series B Fund Raising in Cultured Meat Space
10.4.7 First U.S. Government’s R&D Funding for Cultured Meat
10.4.8 First E.U. R&D Funding for Cultured Meat
10.4.9 First Paper on Soy Protein Scaffolding
10.5 Major Recent Developments in Cultured Meat Sector
10.5.1 Aleph Farms’ Partnerships with Mitsubishi and BRF S.A.
10.5.2 BlueNalu’s $60 Million Convertible-Note Financing
10.5.3 Future Meat Produces Cultured Chicken Breast for $7.50
10.5.4 Breakthrough Energy’s Recommended Policy Priorities
10.6 Tasting Events
10.6.1 Israeli PM Tasting Aleph Farms Cultured Steak
10.6.2 SuperMeat’s “The Chicken” Project
10.6.3 Lab Farm Foods’ Cultured Chicken Nuggets and Pork Liver Pate
10.6.4 Avant Meat’s Cultured Fish Fillets
10.6.5 Wildtype’s Cultured Sushi-Grade Salmon
10.6.6 Shiok Meats’ Tasting Event for its Cultured Lobster
10.7 The Leading Edge of Cultured Meat Production
10.7.1 Factory Capacity for Supplying 10% of the Conventional Meat Market
10.7.2 An Option for New Bioreactor Designs
10.7.3 Location of Large-Scale Manufacturing Facilities by Geography
10.7.4 Cultured Meat at a Premium Price
10.8 Time for Cultured Meat to Reach the Market
10.9 Current Limitations in Cultured Meat Industry
10.9.1 Design and Optimization of Bioreactors
10.9.2 Serum-Free Culture Media Development
10.10 The Race toward Pilot Plant Setup
10.11 Hybrid Products: The First to Reach the Market
10.12 Cost Parity of Cultured Meat with Conventional Meat
10.12.1 Other Cost Considerations
10.13 World’s First Cultured Meat Facility in Israel
10.14 Proliferation of Cultured Meat Nonprofits

11. STARTUP LANDSCAPE 
11.1 Complete List of Cultured Meat Startups
11.2 New Startups Focusing on Enabling Technologies
11.3 Startups Specializing in the Development of Growth Factors

12. REGULATORY LANDSCAPE
12.1 Australia-New Zealand
12.2 Canada
12.3 United States
12.4 European Union
12.5 United Kingdom
12.6 Singapore
12.7 Japan

13. CULTURED MEAT MARKET: MARKET SIZE, TRENDS, AND FUTURE PROJECTIONS
13.1 Global Market for Conventional Meat by Type
13.2 Changing Landscape of Global Meat Market
13.4 Global Market for Cultured Meat by Geography, with Forecasts through 2032
13.5 Global Market for Cultured Meat by Type, with Forecasts through 2032

14. CULTURED MEAT MARKET: COMPANY PROFILES
14.1 3D Bio-Tissues Ltd.
14.2 Agulos Biotech, LLC
14.3 Aleph Farms
14.3.1 Commercial Production: BioFarm
14.3.2 Partnership with BRF S.A
14.3.3 Aleph’s Series B Funding
14.4 Alife Foods
14.5 Ants Innovate
14.6 Artemys Foods
14.7 ArtMeat
14.8 Avant Meats Company Limited
14.8.1 Collaboration with QuaCell
14.8.2 Collaboration with A*STAR
14.8.3 Funding from Major Sea Food Company VHC
14.9 Back of the Yard Algae Sciences
14.10 Balletic Foods
14.11 Because Animals
14.11.1 Seed Stage Financial Round
14.12 Bene Meat Technologies AS
14.13 B.I.F.E. Laboratorios-Craveri
14.13.1 First B.I.F.E Tasting
14.14 Biftek, Inc.
14.15 BioBQ
14.16 BioFood Systems
14.17 BIOMILQ
14.17.1 Backing from Bill Gate’s Investment Firm
14.18 BioMilk, Ltd.
14.18.1 Coco Cola’s Investment in Biomilk, Ltd.
14.19 BioTech Foods
14.19.1 BioTech Foods to Lead $6.3 Million Cultured Meat Project
14.20 BlueNalu, Inc.
14.20.1 Partnership with Nutreco
14.20.2 Collaboration with Nomad Foods
14.20.3 MoU with Mitsubishi
14.20.4 $60 Million Debt Financing
14.20.5 MoU with Pulmuone
14.21 Blue Ridge Bantam
14.22 Bluu Biosciences
14.22.1 Investment from DX Ventures
14.23 Boston Meats, Inc.
14.23.1 Boston Meats raised $1.5 Million in Equity
14.24 Bruno Cell SRL
14.25 Cass Materials Pty Ltd.
14.26 CELL AG TECH
14.27 Cell Guidance Systems Ltd.
14.28 CELLINK
14.28.1 Collaboration with UPM Biomedicals
14.29 Cellivate Technologies
14.30 CellMEAT
14.30.1 Pre-Series A Round of Funding
14.31 Celltainer Biotech BV
14.32 Cellular Agriculture, Ltd.
14.32.1 Collaboration with Naturbeads
14.33 CellulaREvolution
14.34 CellX
14.35 Clear Meat Private Limited
14.36 Core Biogenesis
14.36.1 $3.1 Million to Scale Growth Factors
14.37 Cubiq Foods
14.37.1 Raises $5.5 Million in a Funding Round
14.38 Cultured Blood
14.39 Cultured Decadence
14.39.1 $1.6 Million Pre-Seed Financing
14.40 DaNAgreen Co., Ltd.
14.41 Defined Bioscience, Inc.
14.42 Dipole Materials
14.43 Diverse Farms
14.44 East Just, Inc.
14.44.1 Good Meat Division of Eat Just Secured $170 Million
14.44.2 Additional $97 Funding for Good Meat Division
14.44.3 First-Ever Cultured Meat Facility Planned in MEENA Region
14.45 Finless Foods, Inc.
14.45.1 Finless Raised $3.5 Million Seed Round
14.46 Fork & Goode
14.47 Future Fields
14.48 Future Meat Technologies
14.48.1 $26.76 Million in Funding Raised by Future Meat
14.48.2 Future Meat’s Partnership with Nestle
14.49 Gelatex Technologies, Ltd.
14.50 HCS Pharma
14.51 Heuros
14.52 HigherSteaks
14.53 Hoxton Farms
14.53.1 Hoston Raised $3.75 Million in Seed Funding
14.54 Incuvers
14.55 Innocent Meat UG
14.56 IntegriCulture, Inc.
14.56.1 Series A Fund Raising
14.56.2 Collaboration with Shiok Meats
14.56.3 Grant Award of $2.2 Million
14.57 Jellatech
14.57.1 Pre-Seed Round of $2 Million
14.58 JOINN Biologics
14.58.1 $150 Million Series B Round
14.59 KosmodeHealth
14.60 Lab Farm Foods
14.61 Luyef Biotechnologies
14.62 MagicCavier
14.63 Magic Valley, Pty, Ltd.
14.64 Matrix Meats
14.64.1 Seed Fund
14.65 Meatable
14.65.1 Joint Development Agreement
14.66 MeaTech 3D Ltd.
14.67 Metalytics, Inc.
14.68 Mirai Foods AG
14.68.1 Mirai’s Second Close of Seed Round
14.69 Mission Barns
14.69.1 Series A to Scale Up
14.70 Mogale Meat Co.
14.70.1 Mogale’s BioBank
14.70.2 Investment by CULT Food Science Corporation
14.71 Mosa Meat
14.71.1 Series B Investment Round
14.72 Multus Media
14.72.1 Proliferum M
14.72.2 $2.2 Million Seed Round of Funding
14.73 MyoWorks, Pvt. Ltd.
14.74 Mzansi Meat, Co.
14.75 New Age Meats
14.76 Novel Farms, Inc.
14.77 NUProtein Co., Ltd.
14.78 Orbillion Bio
14.78.1 $5 Million Raised to Culture Uncommon Meats
14.79 ORF Genetics Ltd.
14.80 Ospin Modular Bioprocessing
14.81 Peace of Meat
14.81.1 Meat-Tech 3D Ltd. to Acquire Peace of Meat
14.82 Perfect Day Foods
18.82.1 $350 Million Series D Funding
14.82.2 Collaboration with A*STAR
14.83 Roslin Technologies Ltd.
14.84 Shiok Meats
14.84.1 Acquisition of Gaia Foods
14.84.2 Bridge Funding from Notable Investors
14.84.3 Shiok Meats’ Partnering with IntegriCulture
14.84.4 $12.6 Million Series A Funding
14.85 SingCell Tx Pte. Ltd
14.86 SunP Biotech
14.87 SuperMeat
14.88 Tantti Laboratory, Inc.
14.89 TeOra
14.90 Tiamat Sciences
14.91 TissueByNET Co., Ltd.
14.92 TurtleTree Labs
14.93 Umami Meats
14.94 Unicorn Biotechnologies
14.95 Upside Foods, Inc.
14.95.1 Upside Chicken
14.96 Vivax Bio
14.96.1 Bioprinter FABION 2
14.96.2 Viscoll Collagen
14.97 Vow
14.98 Wildtype
14.99 White Board Foods

LIST OF FIGURES
Figure 2.1: Nomenclature Usage among Startups
Figure 3.1: Protein Conversion Efficiency of Cultured Meat
Figure 3.2: Comparison of Environmental Impacts of Cultured Meat with other Meats
Figure 5.1: Main Production Process of Cultured Meat
Figure 5.2: Cultured Meat to the Market: Possible Scenario
Figure 6.1: Estimated Cost per Liter of Medium for Each Cost Reduction Scenario
Figure 7.1: Number of PubMed Publications on Cultured Meat by Year
Figure 7.2: Major Keywords used in Scientific Literature
Figure 8.1: Patent Applications for Scaffolds
Figure 9.1: Total Capital Invested in Cultured Meat Industry by Year
Figure 9.2: Capital Invested by Type of Cultured Meat by Year
Figure 9.3: Top Ten Companies Regarding the Capital Investment
Figure 10.1: Global Presence of Cultured Meat Companies by Geography
Figure 10.2: JUST’s Cultured Chicken Nugget
Figure 10.3: Memphis Meat’s Deep Fried Cultured Chicken Tender
Figure 10.4: Memphis Meats’ Cultured Beef Meat Ball
Figure 10.5: Cultured Pork Belly and Bacon from Higher Steaks
Figure 10.6: Cultured Pork Sausage by New Age Meats
Figure 10.7: Percent Share of Companies by Product Type
Figure 10.8: Aleph Farms’ Cooked Cultured Steak
Figure 10.9: Israeli PM Tasting Aleph Farm’s Cultured Steak
Figure 10.10: SuperMeat’s “The Chicken,” a Hybrid Restaurant Concept and Pilot Plant
Figure 10.11: Lab Farm Foods’ Cultured Chicken Nuggets and Pork Liver Pate
Figure 10.12: Avant Meats’ Cultured Fish Fillets
Figure 10.13: Wildtype’s Cultured Sushi-Grade Salmon
Figure 10.14: Shiok Meats’ Cultured Lobster Meat
Figure 10.15: Location of Large-Scale Manufacturing Facilities by Geography
Figure 10.16: Percent Share of Scaffold Types gaining Focus
Figure 10.17: Future Meat’s Cultured Meat Facility at Rehovot
Figure 13.1: Global Consumption of Meat by Type, 1990-2030
Figure 13.2: Global Market for Conventional Meat by Type, 2000-2030
Figure 13.3: Changing Landscape of Global Meat Market
Figure 13.4: Global Cultured Meat Market by Geography, with Forecasts through 2032
Figure 13.5: Global Market for Cultured Meat by Meat Type, with Forecasts through 2032
Figure 14.1: Schematic of MeaTech’s 3D Bioprinting of Cultured Meat

LIST OF TABLES
Table 3.1: Comparison of Traditional Meat Production and Cultured Meat Production
Table 5.1: Cultured Meat Production Processes and Challenges
Table 5.2: Major Cultured Meat-Related Startups
Table 5.3: Emerging Applications for Cultured Meat Technology
Table 6.1: Cost of Ingredients in Pharmaceutical Grade Essential 8 Medium
Table 6.2: Cost of Ingredients within DMEM/F12 Basal Medium for a 20,000 Liter Batch
Table 6.3: Projected Cost and Fold Reduction under Scenarios A through G
Table 7.1: Select Four Research Projects on Cultured Meat
Table 7.2: Cultured Meat Research Lab Database
Table 7.3: Funding Opportunities for Research on Cultured Meat
Table 7.4: Collaborative Researchers in Cultured Meat Sector
Table 8.1: Number of Granted and Pending Patents/Applications by Company
Table 8.2: Types of Patent Claims
Table 9.1: Top Ten Companies Regarding Capital Investment
Table 9.1: Cultured Meat Companies by Size of Investments
Table 9.2: Companies Funded by Agronomics
Table 9.3: Public Sector Investments in Cultured Meat Sector
Table 9.4: Global Investments into the Cultured Meat Sector
Table 9.5: Complete List of Venture Investments into the Cultured Meat Sector
Table 9.6: Most Active Investors in Cultured Meat Industry
Table 10.1: Cultured Meat Products under Development
Table 10.2: Share of Cultured Meat Companies by Product Type
Table 10.3: Landmark Events in the Cultured Meat Industry 
Table 10.4: Leading Edge of Cultured Meat Production
Table 10.5: Members of International Cellular Agriculture Nonprofit Consortium
Table 11.1: Complete List of Cultured Meat Startups
Table 11.2: New Entrants into Cultured Meat Industry by Product Type
Table 11.3: Startups Specializing in Growth Factors
Table 13.1: Global Market for Cultured Meat by Geography, with Projections through 2032
Table 13.2: Global Market for Cultured Meat by Type, with Projections through 2032

Companies Mentioned

• Agulos Biotech, LLC
• Aleph Farms
• Alife Foods
• Ants Innovate
• ArtMeat
• Artemys Foods
• Avant Meats Company Limited
• B.I.F.E. Laboratorios-Craveri
• BIOMILQ
• Back of the Yard Algae Sciences
• Balletic Foods
• Because Animals
• Bene Meat Technologies AS
• Biftek, Inc.
• BioBQ
• BioFood Systems
• BioMilk, Ltd.
• BioTech Foods
• Blue Ridge Bantam
• BlueNalu, Inc.
• Bluu Biosciences
• Boston Meats, Inc.
• Bruno Cell SRL
• CELL AG TECH
• CELLINK
• Cass Materials Pty Ltd.
• Cell Guidance Systems Ltd.
• CellMEAT
• CellX
• Cellivate Technologies
• Celltainer Biotech BV
• CellulaREvolution
• Cellular Agriculture, Ltd.
• Clear Meat Private Limited
• Core Biogenesis
• Cubiq Foods
• Cultured Blood
• Cultured Decadence
• D Bio-Tissues Ltd.
• DaNAgreen Co., Ltd.
• Defined Bioscience, Inc.
• Dipole Materials
• Diverse Farms
• East Just, Inc.
• Finless Foods, Inc.
• Fork & Goode
• Future Fields
• Future Meat Technologies
• Gelatex Technologies, Ltd.
• HCS Pharma
• Heuros
• HigherSteaks
• Hoxton Farms
• Incuvers
• Innocent Meat UG
• IntegriCulture, Inc.
• Investment from DX Ventures
• JOINN Biologics
• Jellatech
• KosmodeHealth
• Lab Farm Foods
• Luyef Biotechnologies
• Magic Valley, Pty, Ltd.
• MagicCavier
• Matrix Meats
• MeaTech D Ltd.
• Meatable
• Metalytics, Inc.
• Mirai Foods AG
• Mission Barns
• Mogale Meat Co.
• Mosa Meat
• Multus Media
• MyoWorks, Pvt. Ltd.
• Mzansi Meat, Co.
• NUProtein Co., Ltd.
• New Age Meats
• Novel Farms, Inc.
• ORF Genetics Ltd.
• Orbillion Bio
• Ospin Modular Bioprocessing
• Peace of Meat
• Perfect Day Foods
• Roslin Technologies Ltd.
• Shiok Meats
• SingCell Tx Pte. Ltd
• SunP Biotech
• SuperMeat
• Tantti Laboratory, Inc.
• TeOra
• Tiamat Sciences
• TissueByNET Co., Ltd.
• TurtleTree Labs
• Umami Meats
• Unicorn Biotechnologies
• Upside Foods, Inc.
• Vivax Bio
• Vow
• White Board Foods
• Wildtype

Methodology

The content and statistics contained within the publisher's reports are compiled using a broad range of sources, as described below.

Input Sources

• Clinical Trial Databases (ClinicalTrials.gov, International Clinical Trials Registry Platform, European Union Clinical Trials Register, Chinese Clinical Trial Registry, Others)
• Scientific Publication Databases (PubMed, Highwire Press, Google Scholar)
• Patent Databases (United States Patent and Trade Office, World Intellectual Property Organization, Google Patent Search)
• Grant Funding Databases (RePORT Database, CIRM, MRC, Wellcome Trust - UK, Others)
• Product Launch Announcements (Trade Journals, Google News)
• Industry Events (Google News, Google Alerts, Press Releases)
• Company News (SEC Filings, Investor Publications, Historical Performance)
• Social Analytics (Google Adwords, Google Trends, Twitter, Topsy.com, Hashtagify.me, BuzzSumo.com)
• Interviews with Stem Cell Industry Leaders

Research & Analysis Methodologies

The publisher employs the following techniques for deriving its market research:

• Historical Databases: As the first and only market research firm to specialize in the stem cell industry, the publisher has 13+ years of historical data on each segment of the stem cell the industry. This provides an extremely rare and robust database for establishing market size determinations, as well as making future market predictions.
• Prolific Interviews with Industry Leaders: As the global leader in stem cell industry data, the publisher has interviewed hundreds of leaders from across the stem cell industry, including the CEO of FUJIFILM CDI, FUJIFILM Irvine Scientific, Pluristem Therapies, Celularity, and many others.
• Industry Relationships: The research team and its President/Founder, Cade Hildreth, Chair and present at a wide range of stem cell industry events, including Phacilitate's Advanced Therapies Week, World Stem Cell Summit (WSCS), Perinatal Stem Cell Society Congress, AABB's International Cord Blood Symposium (ICBS), and other events hosted within the U.S. and worldwide.
• Global Integrated Feedback: Because the publisher maintains the world's largest stem cell industry news site that is read by nearly a million unique readers per year and the company has large social media audiences (25.7K+ followers on Linked, 21.2K+ followers on Twitter, and 4.3K+ followers on Facebook), the publisher is able to publish content relevant to the industry and receive immediate feedback/input from a global community of readers. In short, the publisher's data is crowd-sourced from market participants worldwide, including those in diverse geographic regions.
• Preliminary Research: In addition to the interviews described above, the publisher conducts market surveys, executes social media polls, and aggregates market data from stem cell industry announcements, press releases, and corporate filings/presentations.
• Secondary Research: The publisher summarizes, collects and synthesizes existing market research that is relevant to the market area of interest.
• Future Projections: Using the resources described above, the publisher is uniquely positioned to make future projections about market size, market growth by segment, market trends, technology evolution, funding activities (financing rounds, M&A, and IPOs), and importantly, market leadership (market share by company).