Cultured meat, also known as cultivated meat, is animal meat that is produced by cultivating animal cells in laboratory conditions. Different kinds of techniques including cell culture media, scaffold-based techniques, and others are used to grow cultured meat. In cultured meat, conventional meat's nutritional and sensory profiles are replicated and are grown by harvesting cells from animal tissues in the culture media for proliferation and growth.
According to this analysis, the Global Cultured Meat Market is expected to record a positive CAGR of ~25% during the forecast period (2022-2030) and is expected to reach nearly US$ 2,000 million by 2030, owing to the increasing number of investments for research and development of cultured meat along with rising inclination towards environmental sustainability and animal welfare.
Growing consumers’ preference for nutritional diets along with increasing innovation in cellular techniques to produce cultured meat are anticipated to propel the growth of the Global Cultured Meat Market during the forecast period.
The rising number of investments by big giants like Cargill, Tyson, and others in cultured meat and the increased focus of manufacturers on producing slaughter-free meat to fulfill consumers’ demand for animal protein is likely to propel the growth of the Global Cultured Meat Market.
The global Cultured Meat Market faces challenges due to the high production cost and consumer skepticism towards lab-based meat products.
The production cost for cultured meat is comparatively higher than that of conventional meat as cultured meat requires a growth medium to stimulate cell growth, which adds to the cost of the production and may hinder the growth of the market. However, intensive research and development are going on to reduce the cost of production. In addition, cultured meat is a new concept in the market, and skepticism of consumers toward lab-based meat products is also expected to restrict the growth of the market.
The COVID-19 pandemic positively impacted the Cultured Meat Market owing to the increased demand for nutritional products including meat products. Moreover, consumers are shifting towards nutritional diets or protein-rich diets to lead a healthier lifestyle, which is expected to increase the demand for animal products including cultured meat. Lab-based meat gained more attraction among consumers during the pandemic to scale up the healthy diet, which has benefitted the growth of the Global Cultured Meat Market.
The easy availability of cultured poultry products at affordable prices along with the rising popularity of poultry products among consumers has encouraged manufacturers to develop innovative cultured poultry products to meet consumers’ demand, which is expected to fuel the demand for the segment in the Global Cultured Meat Market.
By End Products: The nuggets segment accounted for the largest share of the Global Cultured Meat Market in 2021, attributed to rising demand for on-the-go food products like nuggets and increasing consumption of snacking food products.
The increasing consumption of meat products in the form of nuggets, especially chicken nuggets in various countries, is anticipated to aid the growth of the segment in the Global Cultured Meat Market.
By Production Technique: Scaffold-Based Techniquesegment accounted for the largest share of the Global Cultured Meat Market in 2021, due to the wide usage of the technique to produce cultured meat among various manufacturers.
The rising adoption of the technique among cultured meat manufacturers due to simple usage and efficient scale-up is anticipated to boost the demand for the segment in the market.
By End-User: The food service industry segment accounted for the largest share of the Global Cultured Meat Market in 2021, due to the increasing trend for dining out globally.
Rapid urbanization and an upsurge in disposable income along with an increasing number of hotels, restaurants, cafes, and others offering cultured meat products, is likely to boost the demand for the segment in the Global Cultured Meat Market.
By Distribution Channel: Supermarkets/hypermarket segment accounted for the largest share of the Global Cultured Meat Market in 2021, due to the wide availability of different brands in one place, a large consumer base, and the capacity to hold multiple users simultaneously.
The availability of a wide range of Cultured Meat end products of different brands in supermarkets or hypermarkets coupled with increasing demand for nutritional meat including cultured meat products among consumers are anticipated to propel the growth of the segment in the market.
By Geography: North America region accounted for the largest share of the Global Cultured Meat Market in 2021, owing to the high spending on research and development for innovative cultured meat products.
The growing consumption of meat and meat products among North American consumers along with rising awareness regarding the benefits of cultured meat over conventional meat among consumers, is expected to augment the growth of the region in the Cultured Meat Market.
Country-niche players comprise ~70% of the total number of competitors, while the regional players comprise the second highest of the total number of competitors. Some of the major players in the market include Aleph Farms, AVANTMEATS, BlueNalu, Inc., Finless Foods Inc., Future Meat, Upside Foods, Meatable, Eat Just, Inc., MosaMeat, and Integri Culture Inc. among others.
The leading global cultured meat companies such as Upside Foods, Aleph Farms, and Eat Just, Inc. are highly focused on gaining investment for the research and development of new cultured meat products and on the production of slaughter-free meat products.
In December 2021, Upside Foods, a manufacturer of cultivated meat, seafood, and poultry products, developed a breakthrough cell feed (also called media) that is completely animal component-free (ACF). This new development of media was the crucial step towards making cultivated meat cost-effective, delicious, and scalable along with protecting animal welfare and the environment.
In July 2021, Aleph Farms, a manufacturer of sustainable, cultivated meat products, gained US$ 105 million in funding in a Series B funding round. The funding round was led by DisruptAD, the largest venture platform in the Middle East, and the Growth Fund of L Catterton, a consumer-focused private equity firm. The company aimed to utilize the funds for large-scale global commercialization of cultured beef steaks and to expand the company’s product portfolio.
Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for pre-booking clients, and the report delivered within a maximum of two working weeks.
According to this analysis, the Global Cultured Meat Market is expected to record a positive CAGR of ~25% during the forecast period (2022-2030) and is expected to reach nearly US$ 2,000 million by 2030, owing to the increasing number of investments for research and development of cultured meat along with rising inclination towards environmental sustainability and animal welfare.
Growing consumers’ preference for nutritional diets along with increasing innovation in cellular techniques to produce cultured meat are anticipated to propel the growth of the Global Cultured Meat Market during the forecast period.
The rising number of investments by big giants like Cargill, Tyson, and others in cultured meat and the increased focus of manufacturers on producing slaughter-free meat to fulfill consumers’ demand for animal protein is likely to propel the growth of the Global Cultured Meat Market.
The global Cultured Meat Market faces challenges due to the high production cost and consumer skepticism towards lab-based meat products.
The production cost for cultured meat is comparatively higher than that of conventional meat as cultured meat requires a growth medium to stimulate cell growth, which adds to the cost of the production and may hinder the growth of the market. However, intensive research and development are going on to reduce the cost of production. In addition, cultured meat is a new concept in the market, and skepticism of consumers toward lab-based meat products is also expected to restrict the growth of the market.
The COVID-19 pandemic positively impacted the Cultured Meat Market owing to the increased demand for nutritional products including meat products. Moreover, consumers are shifting towards nutritional diets or protein-rich diets to lead a healthier lifestyle, which is expected to increase the demand for animal products including cultured meat. Lab-based meat gained more attraction among consumers during the pandemic to scale up the healthy diet, which has benefitted the growth of the Global Cultured Meat Market.
Scope of the Report
The Cultured Meat Market is segmented by source, end products, production technique, end-user, and distribution channel. In addition, the report also covers market size and forecasts for the four region's Cultured Meat Market. The revenue used to size and forecast the market for each segment is US$ million.By Source
- Poultry
- Beef
- Seafood
- Pork
- Duck
By End Products
- Nuggets
- Burger Patties
- Meatballs
- Hot Dogs & Sausages
By Production Technique
- Scaffold-Based Technique
- Self-Organizing Technique
- Cell Culture Media
By End-Users
- Households
- Food Services Industry
- Processed Food
- Pet Food Industry
By Distribution Channel
- Direct
- Wholesalers
- Hypermarkets/Supermarkets
- Specialty Stores
- Online Retail
- Other Retail Sectors
By Geography
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Australia)
- LAMEA (Latin America, Middle East, Africa)
Key Players
- Aleph Farms
- AVANTMEATS
- BlueNalu, Inc
- Finless Foods Inc
- Future Meat
- Upside Foods
- Meatable
- Eat Just, Inc
- MosaMeat
- Integri Culture Inc
Key Trends by Market Segment
By Source: The poultry segment held the largest share of the Global Cultured Meat Market by type in 2021, owing to the growing demand for poultry products in quick-service restaurants and the food service industry.The easy availability of cultured poultry products at affordable prices along with the rising popularity of poultry products among consumers has encouraged manufacturers to develop innovative cultured poultry products to meet consumers’ demand, which is expected to fuel the demand for the segment in the Global Cultured Meat Market.
By End Products: The nuggets segment accounted for the largest share of the Global Cultured Meat Market in 2021, attributed to rising demand for on-the-go food products like nuggets and increasing consumption of snacking food products.
The increasing consumption of meat products in the form of nuggets, especially chicken nuggets in various countries, is anticipated to aid the growth of the segment in the Global Cultured Meat Market.
By Production Technique: Scaffold-Based Techniquesegment accounted for the largest share of the Global Cultured Meat Market in 2021, due to the wide usage of the technique to produce cultured meat among various manufacturers.
The rising adoption of the technique among cultured meat manufacturers due to simple usage and efficient scale-up is anticipated to boost the demand for the segment in the market.
By End-User: The food service industry segment accounted for the largest share of the Global Cultured Meat Market in 2021, due to the increasing trend for dining out globally.
Rapid urbanization and an upsurge in disposable income along with an increasing number of hotels, restaurants, cafes, and others offering cultured meat products, is likely to boost the demand for the segment in the Global Cultured Meat Market.
By Distribution Channel: Supermarkets/hypermarket segment accounted for the largest share of the Global Cultured Meat Market in 2021, due to the wide availability of different brands in one place, a large consumer base, and the capacity to hold multiple users simultaneously.
The availability of a wide range of Cultured Meat end products of different brands in supermarkets or hypermarkets coupled with increasing demand for nutritional meat including cultured meat products among consumers are anticipated to propel the growth of the segment in the market.
By Geography: North America region accounted for the largest share of the Global Cultured Meat Market in 2021, owing to the high spending on research and development for innovative cultured meat products.
The growing consumption of meat and meat products among North American consumers along with rising awareness regarding the benefits of cultured meat over conventional meat among consumers, is expected to augment the growth of the region in the Cultured Meat Market.
Competitive Landscape
The Cultured Meat Market is highly competitive with ~100 players that include globally diversified players, regional players as well as a large number of country-niche players having their niche in Cultured Meat.Country-niche players comprise ~70% of the total number of competitors, while the regional players comprise the second highest of the total number of competitors. Some of the major players in the market include Aleph Farms, AVANTMEATS, BlueNalu, Inc., Finless Foods Inc., Future Meat, Upside Foods, Meatable, Eat Just, Inc., MosaMeat, and Integri Culture Inc. among others.
The leading global cultured meat companies such as Upside Foods, Aleph Farms, and Eat Just, Inc. are highly focused on gaining investment for the research and development of new cultured meat products and on the production of slaughter-free meat products.
Recent Developments Related to Major Players
In June 2022, AVANTMEATS, a Hong Kong-based cultured meat manufacturer, raised US$ 10.8 million in a Series A funding round. Multiple companies invested in Series A funding round but S2G Venture, has invested US$ 5 million in AVANTMEATS. The company aimed to secure investment to support its research and development for its cell-cultured seafood.In December 2021, Upside Foods, a manufacturer of cultivated meat, seafood, and poultry products, developed a breakthrough cell feed (also called media) that is completely animal component-free (ACF). This new development of media was the crucial step towards making cultivated meat cost-effective, delicious, and scalable along with protecting animal welfare and the environment.
In July 2021, Aleph Farms, a manufacturer of sustainable, cultivated meat products, gained US$ 105 million in funding in a Series B funding round. The funding round was led by DisruptAD, the largest venture platform in the Middle East, and the Growth Fund of L Catterton, a consumer-focused private equity firm. The company aimed to utilize the funds for large-scale global commercialization of cultured beef steaks and to expand the company’s product portfolio.
Conclusion
The Global Cultured Meat Market is forecasted to continue exponential growth, primarily driven by the increasing number of investments to support the research and development of cultured meat products. Innovations in cellular agriculture and increasing focus to develop new techniques to produce culture meat that is cost-effective as well as efficient are likely to propel the growth of the market. Moreover, the rising inclination towards environmental sustainability and animal welfare is anticipated to boost the demand for slaughter-free production of meat. Though the market is competitive with ~100 participants, regional players control the dominant market share.Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for pre-booking clients, and the report delivered within a maximum of two working weeks.
Key Topics Covered in the Report
- Snapshot of the Global Cultured Meat Market
- Industry Value Chain and Ecosystem Analysis of the Cultured Meat Market
- Market size and Segmentation of the Global Cultured Meat Market
- Historic Growth of the Overall Global Cultured Meat Market and Segments
- Competition Scenario of the Cultured Meat Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Cultured Meat Industry
- Overview, Product Offerings, and Strategic Developments of Key Competitors
- COVID-19 Impact on the Overall Global Cultured Meat Market
- Future Market Forecast and Growth Rates of the Global Cultured Meat Market and by Segments
- Market Size of Application/End-User Segments with historical CAGR and Future Forecasts
- Analysis of the Cultured Meat Market in Major Regions
- Major Production/Consumption Hubs in the Major Regions
- Major Production/Supply and Consumption/Demand Hubs in Each Region
- Major Country-wise Historic and Future Market Growth Rates of the Total Cultured Meat Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Region
Major Companies Mentioned in the Report
- Aleph Farms
- AVANTMEATS
- BlueNalu, Inc
- Finless Foods Inc
- Future Meat
- Upside Foods
- Meatable
- Eat Just, Inc
- MosaMeat
- Integri Culture Inc
- TurtleTree
- Mission Barns
- Fork & Good, Inc
- Joes Future Food
- Ivyfarm technologies
Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report
- Cultured Meat Manufacturers
- Clean Meat Manufactures
- Synthetic Meat Manufacturers
- Bioengineers and Scientists
- Cellular Agriculture Companies
- Nutritional Food Companies
- Processed Food Manufacturers
- Research & Consulting Firms
- Research and Development Associations
- Investment Banking & Financial Institutes
- Research & Development Institutes for Alternative Protein Sector
- Cultured Meat Suppliers
- Investors in Alternative Protein Start-ups
- Environmental Regulatory Bodies
- Cultured Meat Distributors
- Cultured Meat Packaging Services
- Packaging Equipment Manufacturers
- Government & Food Safety Regulations
- Investors in Lab-Based Meat Companies Incumbents
- Investors for Alternative Protein Products
- Investors in Cultured Meat Start-ups
Period Captured in the Report
- Historical Period: 2019-2021
- Forecast Period: 2022E-2030F
Frequently Asked Questions
What is the Study Period of this Market Report?
- The Global Cultured Meat Market is covered from 2017-2030 in this report, which includes a forecast for the period 2022-2030
What is the Future Growth Rate of the Global Cultured Meat Market?
- The Global Cultured Meat Market is expected to witness a CAGR of ~25% for the next eight years
What are the Key Factors Driving the Global Cultured Meat Market?
- The increasing number of investments in research and development of innovative cultured meat products and innovation in cellular techniques along with a growing inclination towards environmental sustainability and animal welfare are anticipated to augment the growth of the Global Cultured Meat Market
Which is the Largest Source Segment within the Global Cultured Meat Market?
- Poultry held the largest share of the Global Cultured Meat Market in 2021
Who are the Key Players in the Global Cultured Meat Market?
- Aleph Farms, AVANTMEATS, BlueNalu, Inc., Finless Foods Inc., Future Meat, Upside Foods, Meatable, Eat Just, Inc., MosaMeat, and Integri Culture Inc., among others.
Additional benefits of purchasing an enterprise license:
- TAM/SAM/SOM Analysis
- Customer Cohort Analysis
- Marketing Initiatives
- White Space Opportunity Analysis
- Interactive Data Visualizations
- Customization: 20 Analyst Hours
- 3 Months Post Sales Analyst Support
- Complimentary Update Next Year
- Custom Webinars
Table of Contents
1. Executive Summary
2. Market Overview and Key Trends Impacting Growth
3. Total Global- Market Segmentation by Source, Historic Growth, Outlook & Forecasts
4. Total Global- Market Segmentation by End Products, Historic Growth, Outlook & Forecasts
5. Total Global- Market Segmentation by End-User, Historic Growth, Outlook & Forecasts
6. Total Global- Market Segmentation by Production Technique, Historic Growth, Outlook & Forecasts
7. Total Global- Market Segmentation by Distribution Channel, Historic Growth, Outlook & Forecasts
8. Industry/Competition Analysis - Competitive Landscape
9. Key Competitor Profiles (Company Overview, Strategic Developments, Product Offerings)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aleph Farms
- AVANTMEATS
- BlueNalu, Inc.
- Finless Foods Inc.
- Future Meat
- Upside Foods
- Meatable
- Eat Just, Inc.
- MosaMeat
- Integri Culture Inc.
- TurtleTree
- Mission Barns
- Fork & Good, Inc.
- Joes Future Food
- Ivyfarm technologies
