Global Lab Grown Meat Market 2024–2033

Reports Description

Global Lab Grown Meat Market is set for significant growth from 2024 to 2033, driven by increasing concerns regarding environmental sustainability, animal welfare, and food security.

Lab grown meat, also known as cultured meat or cultivated meat, is produced through cellular agriculture techniques, offering a sustainable and ethical alternative to traditional animal agriculture.

This market is expected to achieve a Compound Annual Growth Rate (CAGR) of approximately 22.5%during the forecast period. In 2023, the market valuation stood at USD 126.99 Million, and it is projected to reach USD 175.77 Million by 2032.

Lab grown meat presents a promising solution to address the challenges associated with conventional meat production, including land and water usage, greenhouse gas emissions, and animal welfare concerns. By culturing animal cells in bioreactors under controlled conditions, lab grown meat offers a more efficient and sustainable approach to meat production, with the potential to reduce environmental impact and meet the growing global demand for protein-rich foods.

The market for lab grown meat is driven by consumer preferences for sustainable and ethical food options, along with advancements in cellular agriculture technologies and growing investment in research and development activities by industry players and startups. Lab grown meat products, including poultry, beef, pork, and seafood, are being developed to replicate the taste, texture, and nutritional profile of conventional meat, thereby catering to diverse consumer preferences and dietary requirements.

Regionally, North America is expected to lead the lab grown meat market, supported by favorable regulatory frameworks, strong consumer awareness, and the presence of key industry players and research institutions. Europe follows closely, driven by increasing consumer demand for sustainable and plant-based food alternatives, along with supportive government initiatives and investments in cellular agriculture research.

The Asia Pacific region is poised for rapid growth, fueled by rising meat consumption, environmental concerns, and technological advancements in food production. Moreover, Latin America and the Middle East & Africa regions are also anticipated to witness significant growth in the lab grown meat market, driven by shifting consumer preferences and efforts to enhance food security and sustainability.

Lab Grown Meat Market: Overview

The Lab Grown Meat Market encompasses the production, distribution, and consumption of meat products cultured from animal cells using cellular agriculture techniques. Also known as cultured meat or cultivated meat, lab grown meat is produced by isolating animal cells and culturing them in bioreactors under controlled conditions to generate muscle tissue, which is then harvested and processed into meat products.

This approach offers a sustainable and ethical alternative to traditional animal agriculture, addressing environmental, ethical, and public health concerns associated with conventional meat production.

Lab grown meat products are designed to replicate the taste, texture, and nutritional composition of conventional meat, offering consumers a more sustainable and ethical choice without compromising on flavor or nutritional value.

These products can be customized to meet diverse consumer preferences and dietary requirements, including options for poultry, beef, pork, and seafood. The market for lab grown meat is driven by increasing consumer demand for sustainable and ethical food options, along with advancements in cellular agriculture technologies and growing investment in research and development activities.

Lab Grown Meat Market: Growth Factors

• Environmental Sustainability: Growing concerns regarding the environmental impact of conventional meat production, including land and water usage, greenhouse gas emissions, and deforestation, are driving consumer demand for sustainable and eco-friendly food alternatives such as lab grown meat.

• Animal Welfare: Increasing awareness of animal welfare issues associated with industrial animal agriculture, including confinement, overcrowding, and inhumane slaughter practices, is fueling interest in lab grown meat as a cruelty-free and ethical alternative.

• Food Security: The need to address global food security challenges, including population growth, resource scarcity, and climate change, is driving the development of alternative protein sources such as lab grown meat to ensure a sustainable and resilient food supply.

• Health and Nutrition: Growing consumer interest in healthier and cleaner food options, coupled with concerns about the safety and sustainability of conventional meat production, is driving demand for lab grown meat products that offer comparable taste, texture, and nutritional quality.

• Technological Advancements: Ongoing advancements in cellular agriculture technologies, including cell culture techniques, bioreactor design, and tissue engineering methods, are enabling the efficient and scalable production of lab grown meat products with improved quality and affordability.

• Regulatory Support and Market Access: Supportive regulatory frameworks and market access initiatives aimed at fostering innovation and commercialization in the lab grown meat sector are facilitating market growth and investment in research and development activities.

Lab Grown Meat Market: Recent Developments

• In January 2023, a leading cultured meat company announced the successful development of a lab grown poultry product, demonstrating comparable taste and texture to conventionally produced chicken meat.

• In March 2023, a startup unveiled a prototype for lab grown seafood, utilizing cellular agriculture techniques to produce sustainable alternatives to conventional fish and shellfish products.

• In June 2023, a research institute published findings on the development of novel cell culture methods for culturing beef muscle tissue, achieving significant improvements in production efficiency and cost-effectiveness.

• In September 2023, a cultured meat company launched a retail line of lab grown pork products, including sausages and burgers, catering to consumer demand for sustainable and ethically produced meat alternatives.

Lab Grown Meat Market: Challenges

• Cost and Scale-Up Challenges: Addressing cost and scalability challenges associated with lab grown meat production, including the high cost of cell culture media, bioreactor infrastructure, and tissue engineering processes, to achieve commercial viability and competitive pricing.

• Consumer Acceptance and Perception: Overcoming consumer skepticism and perception barriers related to lab grown meat, including concerns about taste, safety, and naturalness, through education, marketing, and product innovation efforts.

• Regulatory and Safety Concerns: Ensuring compliance with regulatory requirements and safety standards for lab grown meat products, including food safety, labeling, and traceability, to build consumer trust and facilitate market acceptance.

• Supply Chain and Distribution: Developing robust supply chain and distribution networks for lab grown meat products, including sourcing of cell lines, production logistics, and retail partnerships, to ensure consistent availability and accessibility for consumers.

• Technological Limitations and Research Needs: Addressing technological limitations and research gaps in cellular agriculture, including cell culture optimization, scaffold design, and tissue maturation processes, to enhance product quality, yield, and scalability.

• Industry Collaboration and Investment: Fostering collaboration and investment in research and development initiatives among industry players, startups, academic institutions, and government agencies to accelerate innovation and overcome challenges in the lab grown meat market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Lab Grown Meat Market: Segmentation Analysis

By Source:

The poultry segment held a dominant position in the market, capturing over 40% of the revenue share in 2022. Chicken consumption has witnessed a notable surge in North America over the past five decades, with it emerging as the most consumed meat in the U.S., where over 8.9 billion chickens are processed annually for food purposes.

Globally, the production of chickens surpasses 50 billion annually. This upsurge in poultry consumption has stimulated a growing interest among startups and new market players to invest in cellular agriculture technology, aiming to develop cultivated poultry products.

Meanwhile, the pork segment is anticipated to exhibit a remarkable Compound Annual Growth Rate (CAGR) of 57.6% over the forecast period. Classified as red meat by the United States Department of Agriculture (USDA), pork enjoys widespread popularity as one of the most consumed meats worldwide.

The demand for pork alternatives saw a notable boost during the COVID-19 pandemic, shedding light on the vulnerabilities of the conventional meat industry and the fragility of the existing food supply chain heavily reliant on animal-based products. Furthermore, the expansion of the pork segment is propelled by the growing number of startups and established firms exploring cultivated meat derived from pig cells.

By End Use:

Burgers emerged as the revenue leader in the market, commanding approximately 42% of the market share in 2022. The segment of cultured burgers is forecasted to witness increased traction, driven by a rising consumer inclination towards sustainable and ethical alternatives to conventional meat.

Cultivated meat burgers hold promise in mitigating the environmental impact associated with traditional meat production methods. Numerous startups and major industry players are actively exploring cultured meat, thereby contributing to the anticipated growth of this segment.

In January 2020, Mosa Meat, renowned for creating the world’s first cultured meat hamburger, forged a partnership with animal nutrition company Nutreco. Through this collaboration, Nutreco will supply Mosa Meat with a nutrient-rich liquid crucial for cultured meat production, further bolstering advancements in the field.

Report Scope

Lab Grown Meat Market: Regional Analysis

It is expected that North America will command the largest share of the regional market for lab-grown meat due to growing concerns regarding the safety of traditional meat products.

Consumers are increasingly becoming aware of the adverse health effects associated with consuming red meat, prompting a shift towards seeking safer alternatives. In response, major food and meat manufacturers are directing their investments toward the development of lab-grown meat, recognizing it as a viable solution.

Similarly, the Asia Pacific region is poised to experience a surge in demand for lab-grown meat over the forecast period, fueled by its large base of meat-consuming consumers. Continued technological advancements and increased investment in research and development endeavors are expected to create lucrative growth prospects for industry players in this region in the forthcoming years.

List of the prominent players in the Lab Grown Meat Market:

• Mosa Meat
• Aleph Farms
• Future Meat Technologies
• Memphis Meats
• Just Inc.
• Balletic Foods
• Ashiok Meats
• Biftek.co
• Avant Meats Company Limited
• Meatable
• Cubiq Foods
• Meati Foods
• Shiok Meats
• Higher Steaks
• Cultured Decadence
• Others

The Lab Grown Meat Market is segmented as follows:

By Source

• Poultry
• Beef
• Seafood
• Pork
• Duck

By End-use

• Nuggets
• Burgers
• Meatballs
• Sausages
• Hotdogs

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• 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