Cultured Meat Market Size, Share, Growth Analysis Report By Source (Poultry, Beef, Seafood, Pork, Duck), By End-Use (Nuggets, Burgers, Meatballs, Sausages), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Memphis Meats
- SuperMeat
- Just Inc.
- Aleph Farms Ltd
- Others
Reports Description
The size of the Global Cultured Meat Market was worth around USD 129.66 million in 2021 to 168.95 million in 2022 and is predicted to grow to around USD 450 million by 2030 with a compound annual growth rate (CAGR) of roughly 15% between 2022 and 2030. The report analyses the Cultured Meat market’s drivers and restraints, as well as the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global Cultured Meat market.
The Market for Cultured Meat: Overview
Cultured meat, commonly referred to as in vitro meat, is a type of synthetic meat created using cellular farming and tissue engineering. Humans rely on meat to meet their nutritional demands since it is a great source of protein, iron, vitamin B12, omega-3 fatty acids, and other essential nutrients. By removing muscle cells from animals and putting them in a medium for development and proliferation, in vitro meat can be produced in a lab.
The Food and Agricultural Organization predicts that global consumption would rise by more than 66% by 2060 and that there will be greater demand for cultured meat as a result of lower greenhouse gas emissions and other environmental effects. Almost 15% of the world’s greenhouse gas emissions come from livestock, and both cattle and their dung produce methane.
The Market for Cultured Meat: COVID-19 Impact Study
Due to the increasing need for nutritious foods during the COVID-19 epidemic, the demand for extracorporeal meat marginally increased. During the COVID-19 era, extracorporeal meat became increasingly popular as a way to enhance a nutritious diet. The market is expanding as a result of rising consumer interest in enhancing immunity and integrating nutrient-dense foods in the diet.
The Market for Cultured Meat: Growth Drivers
In vitro research has benefited greatly from advancements in cell culture, which has been the focus of significant research efforts. Cultured meat made from animal cells has been created using a variety of tissue engineering techniques. Many processed meat products are manufactured from in vitro meat developed from muscle tissue, as opposed to traditional techniques of animal slaughter.
Meat raised in laboratories is regarded as a more wholesome and ethical choice. Due to the unique characteristics of cultured meat, new value chains must be created and factors like food safety, production costs, scalability, and customer acceptance must be taken into account. Delays in the commercialization of cultured meats are significantly impacted by regulatory constraints on new foods and ingredients, food safety, nutritional value, and health claims. Consumers in Europe are concerned about animal welfare and are acutely aware of the harm that meat production does to the environment.
Several meat processors and food businesses will have the chance to transition to alternative animal proteins by using cultured meat as a result of the rising trend in protein intake. Yet, fulfilling daily protein requirements when utilizing meat alternatives derived from animals.
Market Segmentation for Cultured Meat:
Based on sources, it is anticipated that over the prediction period, the poultry segment will lead the global market for cultured meat. This is because chicken products are becoming more and more popular in various Quick Service Restaurants (QSRs), which has prompted producers to create creative substitutes to satisfy the needs of upcoming meat customers. Products made from poultry are popular all around the world and are typically less expensive than those from other sources.
As a significant processed meat product, nugget demand is rising quickly. As a result, by 2021, North America is expected to have the largest market for cultured meat. In the US and other North American nations, chicken continues to be the most consumed meat product.
Consumers are constantly looking for quick-to-eat solutions, especially in the United States where mobile lifestyles and snack product consumption are becoming more and more accepted. Major corporations like Tyson Foods and Cargill are concentrating their efforts on developing pure or cultured chicken products in the form of consumer-friendly nuggets. As a result, it is anticipated that North America would lead the market for Cultured Meat nuggets throughout the forecast period.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 129.66 million |
| Projected Market Size in 2030 | USD 450 Million |
| CAGR Growth Rate | 15% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Memphis Meats, SuperMeat, Just, Inc, Aleph Farms Ltd, Appleton Meats, and Others |
| Key Segment | By Source, End-Use, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfill your requirements for research. |
Key Insights:
- Our research analyst’s analysis indicates that throughout the forecast period, the market for cultured meat is expected to expand annually at a CAGR of over 15%. (2022-2030).
- The cultured meat market was estimated to be worth USD 129.66 million in 2021 and is anticipated to grow to USD 450 million by 2030. The market is expected to grow significantly over the coming years as a result of a number of driving factors.
- Pork material was expected to have the most market share in 2021 based on source segmentation.
- The “North America” region generated the most revenue in 2021, according to regions.
New Developments
In order to provide a liquid that is rich in the minerals required to grow non-vegetarian foods, Mosa Meat teamed up with the animal nutrition business Nutreco in January 2020. Nutreco and Lowercarbon Capital have both made sizeable investments in Mosa Meat to help them expand its product manufacturing. By 2022, the business hopes to introduce cultured hamburgers in Europe. The company seeks to solve the rising need for protein caused by the expansion of the world’s population by providing environmentally sound, animal-friendly solutions.
Regional Scenery
In terms of revenue share, North America’s market dominated in 2021. Due to rising construction activity in India, China, Japan, and Indonesia, the Asia Pacific region is anticipated to post a substantial CAGR in sales throughout the projection period. The region’s carpet market is expanding as a result of the abundance of hand-weaving equipment and increased disposable income.
Competitive Landscape
The study includes an in-depth competitive analysis of these key players in Cultured Meat with their company profiles, recent developments, and key market strategies.
The global cultured meat market is segmented as follows:
By Source
- Poultry
- Beef
- Seafood
- Pork
- Duck
By End-Use
- Nuggets
- Burgers
- Meatballs
- Sausages
On the basis of Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Cultured Meat Market, (2022 – 2030) (USD Million)
- 2.2 Global Cultured Meat Market: snapshot
- Chapter 3. Global Cultured Meat Market – Industry Analysis
- 3.1 Cultured Meat Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Increasing trend in protein consumption
- 3.2.2 Driver 2
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Source
- 3.7.2 Market attractiveness analysis By End-Use
- Chapter 4. Global Cultured Meat Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Cultured Meat Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Cultured Meat Market – Source Analysis
- 5.1 Global Cultured Meat Market overview: By Source
- 5.1.1 Global Cultured Meat Market share, By Source, 2021 and 2030
- 5.2 Poultry
- 5.2.1 Global Cultured Meat Market by Poultry, 2022 – 2030 (USD Million)
- 5.3 Beef
- 5.3.1 Global Cultured Meat Market by Beef, 2022 – 2030 (USD Million)
- 5.4 Seafood
- 5.4.1 Global Cultured Meat Market by Seafood, 2022 – 2030 (USD Million)
- 5.5 Pork
- 5.5.1 Global Cultured Meat Market by Pork, 2022 – 2030 (USD Million)
- 5.6 Duck
- 5.6.1 Global Cultured Meat Market by Duck, 2022 – 2030 (USD Million)
- 5.1 Global Cultured Meat Market overview: By Source
- Chapter 6. Global Cultured Meat Market – End-Use Analysis
- 6.1 Global Cultured Meat Market overview: By End-Use
- 6.1.1 Global Cultured Meat Market share, By End-Use, 2021 and 2030
- 6.2 Nuggets
- 6.2.1 Global Cultured Meat Market by Nuggets, 2022 – 2030 (USD Million)
- 6.3 Burgers
- 6.3.1 Global Cultured Meat Market by Burgers, 2022 – 2030 (USD Million)
- 6.4 Meatballs
- 6.4.1 Global Cultured Meat Market by Meatballs, 2022 – 2030 (USD Million)
- 6.5 Sausages
- 6.5.1 Global Cultured Meat Market by Sausages, 2022 – 2030 (USD Million)
- 6.1 Global Cultured Meat Market overview: By End-Use
- Chapter 7. Cultured Meat Market – Regional Analysis
- 7.1 Global Cultured Meat Market Regional Overview
- 7.2 Global Cultured Meat Market Share, by Region, 2021 & 2030 (USD Million)
- 7.3. North America
- 7.3.1 North America Cultured Meat Market, 2022 – 2030 (USD Million)
- 7.3.1.1 North America Cultured Meat Market, by Country, 2022 – 2030 (USD Million)
- 7.3.1 North America Cultured Meat Market, 2022 – 2030 (USD Million)
- 7.4 North America Cultured Meat Market, by Source, 2022 – 2030
- 7.4.1 North America Cultured Meat Market, by Source, 2022 – 2030 (USD Million)
- 7.5 North America Cultured Meat Market, by End-Use, 2022 – 2030
- 7.5.1 North America Cultured Meat Market, by End-Use, 2022 – 2030 (USD Million)
- 7.6. Europe
- 7.6.1 Europe Cultured Meat Market, 2022 – 2030 (USD Million)
- 7.6.1.1 Europe Cultured Meat Market, by Country, 2022 – 2030 (USD Million)
- 7.6.1 Europe Cultured Meat Market, 2022 – 2030 (USD Million)
- 7.7 Europe Cultured Meat Market, by Source, 2022 – 2030
- 7.7.1 Europe Cultured Meat Market, by Source, 2022 – 2030 (USD Million)
- 7.8 Europe Cultured Meat Market, by End-Use, 2022 – 2030
- 7.8.1 Europe Cultured Meat Market, by End-Use, 2022 – 2030 (USD Million)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Cultured Meat Market, 2022 – 2030 (USD Million)
- 7.9.1.1 Asia Pacific Cultured Meat Market, by Country, 2022 – 2030 (USD Million)
- 7.9.1 Asia Pacific Cultured Meat Market, 2022 – 2030 (USD Million)
- 7.10 Asia Pacific Cultured Meat Market, by Source, 2022 – 2030
- 7.10.1 Asia Pacific Cultured Meat Market, by Source, 2022 – 2030 (USD Million)
- 7.11 Asia Pacific Cultured Meat Market, by End-Use, 2022 – 2030
- 7.11.1 Asia Pacific Cultured Meat Market, by End-Use, 2022 – 2030 (USD Million)
- 7.12. Latin America
- 7.12.1 Latin America Cultured Meat Market, 2022 – 2030 (USD Million)
- 7.12.1.1 Latin America Cultured Meat Market, by Country, 2022 – 2030 (USD Million)
- 7.12.1 Latin America Cultured Meat Market, 2022 – 2030 (USD Million)
- 7.13 Latin America Cultured Meat Market, by Source, 2022 – 2030
- 7.13.1 Latin America Cultured Meat Market, by Source, 2022 – 2030 (USD Million)
- 7.14 Latin America Cultured Meat Market, by End-Use, 2022 – 2030
- 7.14.1 Latin America Cultured Meat Market, by End-Use, 2022 – 2030 (USD Million)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Cultured Meat Market, 2022 – 2030 (USD Million)
- 7.15.1.1 The Middle-East and Africa Cultured Meat Market, by Country, 2022 – 2030 (USD Million)
- 7.15.1 The Middle-East and Africa Cultured Meat Market, 2022 – 2030 (USD Million)
- 7.16 The Middle-East and Africa Cultured Meat Market, by Source, 2022 – 2030
- 7.16.1 The Middle-East and Africa Cultured Meat Market, by Source, 2022 – 2030 (USD Million)
- 7.17 The Middle-East and Africa Cultured Meat Market, by End-Use, 2022 – 2030
- 7.17.1 The Middle-East and Africa Cultured Meat Market, by End-Use, 2022 – 2030 (USD Million)
- Chapter 8. Company Profiles
- 8.1 Memphis Meats
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 SuperMeat
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Just Inc
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Aleph Farms Ltd
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Appleton Meats
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.1 Memphis Meats
List Of Figures
Figures No 1 to 23
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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List of the prominent players in the global cultured meat market:
FAQs
“North America” region will lead the global Cultured Meat market during the forecast period 2022 to 2030.
Various processed meat products are manufactured from in vitro meat developed from muscle tissue, as opposed to traditional techniques of animal slaughter. The market for cultured meat is predicted to rise more rapidly as a result.
The key players operating in the Cultured Meat market are Memphis Meats, SuperMeat, Just, Inc, Aleph Farms Ltd, Appleton Meats, and Others.
The global Cultured Meat market is expanding growth with a CAGR of approximately 15% during the forecast period (2022 to 2030).
The global Cultured Meat market size was valued at US$ 119 million in 2021 and it is projected to reach around US$ 450 million by 2030.