US Cultured Meat Market 2024–2033

Reports Description

As per the current market research conducted by the CMI Team, the US Cultured Meat Market is expected to record a CAGR of 58.5% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 3.3 million. By 2032, the valuation is anticipated to reach USD 950.3 million.

The U.S. Cultured Meat market refers to the industry involved in producing and commercializing meat products that are grown from animal cells in a lab rather than through traditional animal farming, offering a sustainable and ethical alternative to conventional meat production.

The Cultured Meat, also known as lab-grown meat or cell-based meat, promises to offer a sustainable, ethical, and perhaps healthier beef alternative to conventional meat production. The Cultured Meat market in the United States involves a wide range of stakeholders, including enterprises engaged in research and development, production facilities, regulatory agencies, consumers, and distribution networks involved in bringing Cultured Meat products to market.

U.S. Cultured Meat Market – Significant Growth Factors

The U.S. Cultured Meat market presents significant growth opportunities due to several factors:

• Sustainability: The growing concern for environmental sustainability and the desire to reduce the ecological footprint of food production have propelled the demand for sustainable alternatives like Cultured Meat. By requiring fewer resources, emitting fewer greenhouse gases, and minimizing deforestation associated with traditional meat production, Cultured Meat offers a promising solution to address these sustainability challenges.

• Ethical Considerations: Cultured Meat aligns with evolving ethical standards and societal values regarding animal welfare. As a cruelty-free alternative, it eliminates the need for the slaughter of animals, resonating with consumers who prioritize ethical food choices and seek to minimize harm to animals.

• Health and Safety: Health-conscious consumers are increasingly drawn to Cultured Meat due to its potential health benefits. With reduced risks of zoonotic diseases, such as those associated with conventional meat, Cultured Meat offers a safer protein source. Furthermore, its production process allows for more control over nutritional content, potentially enabling the creation of healthier meat options.

• Technological Advancements: Technological breakthroughs in cellular cultivation, tissue manipulation, and bioprocessing have transformed the Cultured Meat sector. These innovations have brought about remarkable progress in scalability, affordability, and product excellence, propelling the industry’s commercial potential and fostering its expansion in the market.

• Regulatory Support: Supportive regulatory frameworks and collaborations with regulatory agencies have been instrumental in the development and expansion of the Cultured Meat market. By establishing clear guidelines and providing oversight, regulatory bodies instil confidence in investors and companies, ensuring the safety and integrity of Cultured Meat products and facilitating market growth.

• Consumer Acceptance and Demand: The rising embrace of alternative protein sources and an escalating appetite for eco-friendly and pioneering food options have played pivotal roles in propelling the Cultured Meat market. As individuals grow increasingly mindful of their dietary decisions, they actively pursue viable substitutes that harmonize with their principles, inclinations, and objectives for sustainability, thereby fuelling the demand for Cultured Meat products.

US Cultured Meat Market – Mergers and Acquisitions

The U.S. Cultured Meat market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the U.S. Cultured Meat market include:

• Memphis Meats and Tyson Foods: In 2017, Tyson Foods one of the largest meat producers in the world, acquired a minority stake in Memphis Meats. This partnership aimed to leverage Tyson’s resources and distribution network to accelerate the development and commercialization of Cultured Meat products.

• BlueNalu and Pulmuone: In 2021, BlueNalu, a leader in cellular aquaculture, entered a strategic partnership with Pulmuone, a South Korean food company. This collaboration aimed to facilitate BlueNalu’s entry into Asian markets and enhance the global expansion of cultured seafood products.

• Upside Foods (formerly known as Memphis Meats) and Wholestone Farms: In 2022, Upside Foods announced a joint venture with Wholestone Farms, a pork producer. This partnership aimed to leverage Wholestone Farms’ expertise in pork production and distribution to accelerate the commercialization of cultured pork products.

• JUST, Inc. and Eat Just: In 2021, JUST, Inc., a prominent food technology company, merged with Eat Just, a plant-based food company. This merger aimed to consolidate their resources and expertise to further advance the development and commercialization of Cultured Meat and plant-based alternatives.

• Integriculture Inc. and Shiok Meats: In 2021, Integriculture Inc., a cellular agriculture company, acquired Shiok Meats, a Singapore-based cultured seafood company. This acquisition aimed to combine their expertise and resources in cell-based meat and seafood production, furthering the development of a diverse range of Cultured Meat products for the U.S. market.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the U.S. Cultured Meat market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

US Cultured Meat Market – Significant Threats

The U.S. Cultured Meat market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

• Cost: The production of Cultured Meat currently involves high costs, primarily due to the expenses associated with research, development, and scaling up production processes. This can result in higher retail prices, making Cultured Meat less affordable for the mass market.

• Regulatory Challenges: Cultured Meat is a relatively new industry, and regulatory frameworks are still being developed. The approval process for Cultured Meat products may be lengthy and complex, which can pose challenges for market entry and expansion.

• Consumer Acceptance: Despite growing interest, widespread consumer acceptance of Cultured Meat is not yet guaranteed. Some consumers may have concerns about the taste, texture, and safety of Cultured Meat compared to traditional meat products. Overcoming these perceptions and building consumer trust remains a challenge.

• Scale-Up and Infrastructure: Scaling up Cultured Meat production to meet market demand requires substantial investments in infrastructure, bioprocessing facilities, and supply chains. Developing the necessary production capacity and distribution networks is crucial for the growth of the industry.

• Competing Alternatives: Cultured Meat faces competition from other alternative protein sources, such as plant-based meats. The success of plant-based alternatives, which are already established in the market, may impact the adoption and market share of Cultured Meat.

Report Scope

Category-Wise Insights

By Type:

• Red Meat: Red meat encompasses mammalian-derived meat, including beef, pork, and lamb. Within the US Cultured Meat Market, a rising inclination exists towards cultivating red meat varieties. Companies concentrate on generating lab-cultivated alternatives of beef, pork, and other red meats to tackle issues of sustainability, ethics, and health associated with conventional red meat production, thus accommodating changing consumer inclinations.

• Poultry Meat: Poultry meat refers to the meat obtained from domesticated birds such as chickens and turkeys. In the US Cultured Meat Market, there is a growing trend towards the development of cultured poultry meat. Companies are focusing on cultivating poultry cells in a lab setting to produce sustainable and ethical poultry meat alternatives. This trend aligns with the rising demand for animal-friendly and environmentally sustainable protein sources.

• Seafood: Seafood encompasses marine organisms, such as fish and shellfish, consumed as sustenance. Within the U.S. Cultured Meat market, a rising inclination towards cultivating seafood emerges. This trend arises from apprehensions regarding overfishing, ecological deterioration, and the demand for sustainable seafood choices. Cultured seafood presents a hopeful resolution, offering an ecologically conscientious and morally sound substitute to conventional fishing methods.

By End User:

• Household: In the context of the U.S. Cultured Meat market, a household refers to a domestic unit composed of individuals residing together and pooling resources. Within this market, a noteworthy pattern is the rising embrace and integration of Cultured Meat as a feasible substitute for conventional animal-derived products. As consumer consciousness regarding sustainability, ethical factors, and health effects expands, an increasing number of households are integrating Cultured Meat into their dietary choices. This surge in demand propels market growth and fosters the development of the industry.

• Food Service: Food service encompasses establishments that prepare, serve, and deliver food to customers. In the U.S. Cultured Meat market, a noteworthy trend is the rising acceptance of Cultured Meat products by food service providers. Restaurants, cafes, and other establishments are integrating Cultured Meat into their menus to meet the surging demand for sustainable and inventive food choices, thereby broadening the availability and convenience of Cultured Meat for consumers.

U.S. Cultured Meat Market – Country Analysis

The U.S. Cultured Meat market is segmented into the geography of the country, including the West, Midwest, Northeast, and South. Here is a brief overview of each location:

• West: The West U.S. Cultured Meat market refers to the sector involved in the production, distribution, and sale of Cultured Meat products in the western region of the United States. The current trend in the market is the increasing consumer demand for sustainable and ethical food choices. One of the leading players in the West U.S. Cultured Meat market is Memphis Meats.

• Midwest: In the Midwest region of the U.S., the Cultured Meat market is witnessing a growing trend toward sustainable and ethical food choices. Leading players in the region are focusing on innovative production techniques, such as bioreactor systems and cellular agriculture, to drive market growth and meet consumer demand.

• Northeast: In the Northeast U.S., Cultured Meat market trends include an increasing focus on sustainability, ethical considerations, and consumer demand for alternative protein sources. Leading players in the region include Aleph Farms, known for their 3D bioprinting technology, and BlueNalu, specializing in cell-based seafood production.

• South: In the southern region of the United States, notable trends in the Cultured Meat market include increased consumer awareness and demand for sustainable and ethical food choices. Leading players such as Memphis Meats and JUST, Inc. are driving innovation in this region with their advancements in cell culture techniques and product development.

Competitive Landscape – U.S. Cultured Meat market

The U.S. Cultured Meat market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

• Memphis Meats
• JUST Inc.
• BlueNalu
• Aleph Farms
• Future Meat Technologies
• Mosa Meat
• Integriculture Inc.
• Finless Foods
• New Age Meats
• Wild Type
• Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships. For example, in June 2021, the partnership between BlueNalu and the leading seafood supplier, Thai Union. BlueNalu, a prominent cultured seafood company, announced a strategic collaboration with the Thai Union to accelerate market penetration and support BlueNalu’s global commercialization efforts.

This partnership demonstrates the growing interest and investments in Cultured Meat, particularly in the seafood sector, as companies work together to bring sustainable and innovative products to consumers.

New players entering the Cultured Meat market have adopted strategies such as vertical integration, establishing partnerships with research institutions, and securing funding from investors. They focus on research and development to enhance production efficiency and scale, while also prioritizing consumer acceptance through targeted marketing campaigns.

On the other hand, established players are expanding their product portfolios, collaborating with traditional meat producers, and investing in innovative technologies to maintain their market position and adapt to evolving consumer demands.

 The US Cultured Meat Market is segmented as follows:

By Type

• Red Meat
• Poultry Meat
• Seafood

By End User

• Household
• Food Service