Cultured Meat Market
Cultured Meat Market Size, Share & Industry Analysis, By Source (Poultry, Beef, Seafood, Pork), By End-Use (Nuggets, Burgers, Meatballs, Sausages), By Production Technique (Scaffold-Based, Self-Organising), By Distribution Channel (Food Service, Retail), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa): Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Market Overview:
“The global cultivated meat market is estimated to increase at a 41% CAGR between 2024 and 2031, with a market value of USD YY by 2031, up from USD XX in 2024.”
North America is expected to dominate the market, propelled by rising consumer awareness and technological innovation. Key performance indicators include production capacity, regulatory approvals, and consumer acceptance rates. The industry is expanding rapidly because of growing environmental concerns, animal welfare concerns, and the need for sustainable protein sources.
Cultured Meat Market Dynamics:
Market Trend: Lab-grown meat gains traction as a sustainable alternative to conventional meat production.
The cultured meat business is experiencing a substantial trend of increased investment and technological improvement. Companies are focussing on increasing production efficiency and scalability to make cultured meat more cost-competitive with regular meat products. Recent advances include improved growth media compositions and the development of more complex bioreactors.
Collaborations between food tech companies and established meat producers are also on the rise, with the goal of combining innovation with industry expertise. Consumer acceptance is steadily rising, with polls showing an increase in readiness to test cultured meat products, particularly among younger demographics and ecologically conscious consumers.
Market Driver: Environmental sustainability and animal welfare concerns fuel investment in cultured meat.
The fundamental driver of the cultured meat business is growing global concern about the environmental impact of traditional livestock husbandry as well as animal welfare issues. The Food and Agriculture Organisation (FAO) estimates that livestock production accounts for 14.5% of worldwide greenhouse gas emissions. Cultured meat production has the potential to cut land use by up to 99%, water use by 82-96%, and greenhouse gas emissions by 78-96% when compared to traditional meat production.
Furthermore, increased global population and protein consumption are driving the search for alternate protein sources. The global population is projected to reach 9.7 billion by 2050, necessitating a 70% increase in food production. These reasons have resulted in significant investment in the area, with cultured meat businesses obtaining more than $1.3 billion in capital in 2021 alone.
Market Restraint: High production costs and regulatory challenges hinder market growth.
The cultured meat sector confronts major problems, including high production costs and regulatory constraints. The cost of generating cultured meat remains significantly greater than normal meat, with estimates indicating that lab-grown meat is now 10–50 times more expensive than traditional meat products.
Many nations are still in the early phases of regulatory approval for cultured beef products, which creates uncertainty for market competitors. For example, only Singapore has approved the sale of cultured beef products by 2023, while other major countries are still creating legal frameworks.
Segment Overview
The poultry segment dominates the cultured meat market, driven by lower production costs and consumer familiarity.
The poultry category, particularly cultured chicken, dominates the cultured meat market because of its simpler cell structure and reduced production costs when compared to other meat kinds. Poultry cells require less energy to develop and differentiate, making them easier to create in a lab setting. This segment has made great progress, with numerous companies successfully developing prototype chicken products. For example, Eat Just's cultured chicken nuggets became the first cultured meat product licensed for sale in Singapore in 2020.
Consumer familiarity with processed chicken products reinforces the poultry segment's dominance, potentially smoothing the move to cultured alternatives. According to our research analysis, customers are more likely to try cultured chicken products than other varieties of meat, with the Good Food Institute poll finding that 66% of respondents were willing to try cultured chicken.
Recent advancements in the poultry category include SuperMeat's announcement of plans to create a large-scale cultured chicken production facility in the United States capable of producing thousands of tonnes of cultured meat per year.
Furthermore, Future Meat Technologies announced a considerable cost decrease in producing cultured chicken breast, bringing the price down to $7.70 per pound by 2022, indicating a big step towards price parity with traditional chicken.
Regional Outlook:
North America leads the cultured meat market, driven by strong investment and consumer interest in sustainable food solutions.
North America, notably the United States, leads the cultured meat business due to its powerful ecosystem of food tech startups, major venture capital investments, and growing consumer interest in alternative proteins. The region benefits from a well-developed biotechnology sector and a favorable regulatory environment, which has fuelled innovation in the cultured meat industry.
Recent news emphasizes the region's supremacy, with the USDA and FDA adopting a regulatory framework for cultured beef products in the United States in 2023, clearing the road for commercial sales. This regulatory certainty is expected to speed up market expansion and attract additional investment.
According to the Good Food Institute, US-based cultured meat companies raised more than $800 million in venture capital funding in 2022, accounting for around 60% of global investments in the field. Furthermore, a Kearney survey discovered that 80% of US consumers are willing to try cultured beef products once they become commercially available.
In terms of country-specific advancements, Canada has emerged as a major player in the cultured meat industry. The Canadian government committed a $10 million investment in 2023 to promote the country's cellular agriculture sector, with an emphasis on research and development of cultured meat technology. This initiative is expected to strengthen Canada's position in the global cultured meat market and promote collaboration between academia and industry.
Competitive Intelligence:
The cultured meat business is characterized by fierce rivalry among startups and growing interest from traditional meat manufacturers. Key players are focussing on increasing output, lowering prices, and improving product texture and taste. Mosa Meat, the Dutch business that pioneered the cultured beef burger in 2013, has cut production costs by 88% since its beginnings. Eat Just's GOOD Meat subsidiary has obtained $267 million in financing to develop its cultured meat operations, including ambitions to build Asia's largest cultured meat facility.
Aleph Farms, an Israeli company, has teamed with Brazilian meat giant BRF to deliver cultured meat to the Brazilian market, indicating a rising interest among established food corporations. Memphis Meats, renamed as UPSIDE Foods, has raised over $600 million and established a prototype production facility capable of producing 50,000 pounds of cultured meat products each year.
Market leaders are also focussing on intellectual property, with companies such as IntegriCulture and Balletic Foods acquiring crucial patents for cell culture mediums and protein synthesis processes. The competitive landscape is expected to change quickly as companies compete to attain price parity with conventional meat and gain regulatory permission in key countries.
Analyst Opinion:
The cultured meat business is expected to increase significantly over the next decade, driven by rising environmental concerns, technical advancements, and altering customer preferences. While hurdles persist in terms of cost reduction and scaling up, the sector is garnering significant investment and research. Cultured meat's success will most likely depend on establishing price parity with regular meat, increasing sensory qualities, and getting widespread consumer acceptance.
The advent of hybrid goods that combine cultured meat with plant-based ingredients is a unique trend to watch out for. This strategy could speed up market access by eliminating texture issues and lowering costs while maintaining the authentic taste of meat. Furthermore, the use of 3D bioprinting technology in cultured meat manufacturing shows promise for creating more complex meat structures, potentially revolutionizing the industry's capabilities.
Major Players:
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Mosa Meat
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Eat Just (GOOD Meat)
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Aleph Farms
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UPSIDE Foods (formerly Memphis Meats)
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BlueNalu
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Future Meat Technologies
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SuperMeat
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Meatable
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Finless Foods
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IntegriCulture
Key Developments:
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UPSIDE Foods won FDA permission for their cultured chicken in March 2023, marking a key milestone in the US market.
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November 2022: Eat Just's GOOD Meat subsidiary teams up with UMG Foodservice to distribute cultured chicken products in Singapore.
1. INTRODUCTION
1.1. Market Definitions & Study Assumptions
1.2. Market Research Scope and Segment
1.3. Research Methodology
2. EXECUTIVE SUMMARY
2.1. Market Overview & Insights
2.2. Segment Outlook
2.3. Region Outlook
3. COMPETITIVE INTELLIGENCE
3.1. Companies Financial Position
3.2. Company Benchmarking—Key Players
3.3. Market Share Analysis -- Key Companies
3.4. Recent Companies Key Activities
3.5. Pricing Analysis
3.6. SWOT Analysis
4. COMPANY PROFILES (Key Companies List by Country) (Premium)
5. COMPANY PROFILES
5.1. Mosa Meat
5.2. Eat Just (GOOD Meat)
5.3. Aleph Farms
5.4. UPSIDE Foods (formerly Memphis Meats)
5.5. BlueNalu
5.6. Future Meat Technologies
5.7. SuperMeat
5.8. Meatable
5.9. Finless Foods
5.10. IntegriCulture (LIST NOT EXHAUSTIVE)
6. MARKET DYNAMICS
6.1. Market Trends
6.1.1. Lab-grown meat gains traction as a sustainable alternative to conventional meat production.
6.1.2. Emergence of hybrid products combining cultured meat with plant-based ingredients
6.1.3. Integration of 3D bioprinting technologies in cultured meat production
6.2. Market Drivers
6.2.1. Environmental sustainability and animal welfare concerns fuel investment in cultured meat
6.2.2. Rising global population and increasing protein demand
6.2.3. Technological advancements improving production efficiency and scalability
6.3. Market Restraints
6.3.1. High production costs and regulatory challenges hinder market growth
6.3.2. Consumer acceptance and perception barriers
6.4. Market Opportunities
6.5. Porter's Five Forces Analysis
6.5.1. Threat of New Entrants
6.5.2. Bargaining Power of Buyers/Consumers
6.5.3. Bargaining Power of Suppliers
6.5.4. Threat of Substitute Products
6.5.5. Intensity of Competitive Rivalry
6.6. Supply Chain Analysis
6.7. Value Chain Analysis
6.8. Trade Analysis
6.9. Pricing Analysis
6.10. Regulatory Analysis
6.11. Patent Analysis
6.12. SWOT Analysis
6.13. PESTLE Analysis
7. BY SOURCE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
7.1. Poultry
7.1.1. Chicken
7.1.2. Turkey
7.2. Beef
7.2.1. Ground beef
7.2.2. Steak
7.3. Seafood
7.3.1. Fish
7.3.2. Crustaceans
7.4. Pork
7.4.1. Bacon
7.4.2. Ham
8. BY END-USE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
8.1. Nuggets
8.1.1. Chicken nuggets
8.1.2. Fish nuggets
8.2. Burgers
8.2.1. Beef burgers
8.2.2. Chicken burgers
8.3. Meatballs
8.3.1. Beef meatballs
8.3.2. Pork meatballs
8.4. Sausages
8.4.1. Pork sausages
8.4.2. Chicken sausages
9. BY PRODUCTION TECHNIQUE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH)--2020-2031)
9.1. Scaffold-Based
9.1.1. Edible scaffolds
9.1.2. Non-edible scaffolds
9.2. Self-Organising
9.2.1. Spheroids
9.2.2. Organoids
10. BY DISTRIBUTION CHANNEL (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
10.1. Food Service
10.1.1. Restaurants
10.1.2. Cafeterias
10.2. Retail
10.2.1. Supermarkets
10.2.2. Online retail
11. REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
11.1. North America
11.1.1. United States
11.1.2. Canada
11.1.3. Mexico
11.2. Europe
11.2.1. Germany
11.2.2. United Kingdom
11.2.3. France
11.2.4. Italy
11.2.5. Spain
11.2.6. Rest of Europe
11.3. Asia-Pacific
11.3.1. China
11.3.2. Japan
11.3.3. India
11.3.4. Australia
11.3.5. South Korea
11.3.6. Rest of Asia-Pacific
11.4. Latin America
11.4.1. Brazil
11.4.2. Argentina
11.4.3. Rest of Latin America
11.5. Middle East & Africa
11.5.1. UAE
11.5.2. Saudi Arabia
11.5.3. South Africa
11.5.4. Rest of Middle East & Africa
*NOTE: All the regions mentioned in the scope will be provided with (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (2020-2031)
Cultural meat market segmentation:
By Source:
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Poultry
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Beef
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Seafood
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Pork
By End-Use:
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Nuggets
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Burgers
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Meatballs
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Sausages
By Production Technique:
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Scaffold-Based
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Self-Organising
By Distribution Channel:
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Food Service
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Retail
By Region:
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North America
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Europe
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Asia-Pacific
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Latin America
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Middle East & Africa
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