Cultured Meat Market Poised for Rapid Growth, Set to Reach USD 1457.61 Million by 2033

The global cultured meat market size is expected to reach a valuation of USD 372.54 Million by the end of 2024 and is expected to register a rapid revenue CAGR of 16.37% during the forecast period. Cultured meat, also known as lab-grown or cell-cultivated meat, is developed in laboratory settings without the need for animal slaughter, offering a sustainable alternative to traditional meat production.

Key Market Drivers

The increasing global demand for meat, coupled with environmental concerns related to conventional animal farming, is driving the need for alternatives like cultured meat. Traditional farming methods contribute to environmental degradation, high greenhouse gas (GHG) emissions, and resource depletion, such as water and land use. A recent United Nations report highlighted the importance of reducing meat consumption to mitigate the impact on climate change. Cultured meat offers a viable solution by reducing the environmental footprint associated with meat production.

Ethical concerns surrounding animal welfare, along with consumer preferences for antibiotic- and hormone-free products, are also fueling the shift toward cultured meat. Additionally, the growing demand for alternative protein sources is pushing the market forward. Cultured meat provides a consistent and scalable solution, which can address fluctuations in conventional meat prices and supply.

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Regulatory Milestones

The market has seen significant progress with regulatory approvals. In December 2020, Singapore became the first country to approve the sale of cultured chicken products. San Francisco-based Eat Just was the first company globally to serve lab-grown meat in a restaurant in Singapore in 2021. The United States followed, with the U.S. Food and Drug Administration (FDA) approving cultured meat products from companies such as UPSIDE Foods and GOOD Meat Inc. These companies have also received U.S. Department of Agriculture (USDA) approval, paving the way for further market expansion.

In January 2024, Israel joined Singapore and the U.S. by approving cultivated beef products, marking the beginning of its involvement in the cultured meat industry. However, most countries, including those in Europe and India, have yet to approve or regulate cultured meat products.

Challenges and Market Restraints

Despite the growing interest, several challenges continue to restrain the cultured meat market. The high cost of production remains a significant barrier, as lab-grown meat is more expensive than conventionally farmed meat. Additionally, regulatory frameworks in many countries have not yet caught up with this emerging technology, delaying wider market acceptance and availability.

In some regions, ethical and cultural concerns have led to bans on cultured meat products. For example, Italy has banned lab-grown meat, citing concerns about food safety, public health, and the protection of natural food traditions. Similarly, in Europe, no lab-grown meats have been approved by the European Food Safety Authority (EFSA).

Market Segmentation Insights

The cultured meat market is segmented by source, cultivation technique, and end-product type. Among source segments, the beef segment led the market in 2023 and is expected to continue dominating. Cultured beef offers a solution to environmental concerns associated with traditional beef farming, making it a more sustainable option. The preference for beef over other meats, such as pork and chicken, in various countries also drives the segment's growth.

Regarding cultivation techniques, suspension-based techniques accounted for a major market share in 2023. This method allows for large-scale production by growing cells in nutrient-rich broth, making it cost-competitive. It is ideal for minced and processed meat products, which are in high demand among consumers.

Among end-products, burger patties dominated the market in 2023. Burgers are one of the most widely consumed food items globally, providing an accessible entry point for cultured meat into mainstream markets. The production process for burger patties is also more streamlined, enabling faster and more efficient production.

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Cultured Meat Top Companies and Competitive Landscape

The competitive landscape of the cultured meat market is dynamic and evolving rapidly, with the entry of a number of startups, established food processing companies, and biotech firms exploring and leveraging the potential opportunities presented in the market. Companies operating in this market including Memphis Meats, Mosa Meat, Eat Just, and Aleph are among the pioneers, and are leveraging advanced biotechnology and devices and equipment to produce a wider variety of cultured meat products and further establish themselves are leaders in the market.

Companies are also exploring innovative approaches and techniques and conducting rigorous research and development to improve taste and texture, and also enhance productivity and cost-effectiveness of end-products. Strategic agreements and seeking and securing regulatory approvals are among some of the key initiatives observed in the market.

Some major companies in the cultured meat market report include:

Aleph Farms

Avant Meats Company Limited

Eat Just, Inc.

Biftek INC

Mosa Meat

BlueNalu, Inc.

Future Meat Technologies

New Age Eats

Finless Foods

Shiok Meats Pte Ltd.

SuperMeat

Cultured Meat Latest Industry Updates

On 25 May 2022, the cultivated meat division of Eat Just, Inc. - GOOD Meat - signed multi-year agreement with ABEC to build large-scale cultivated meat facility in the US using its cutting-edge technology. GOOD Meat envisions to create more sustainable and healthier foods with capacity to produce approximately 30 million pounds of meat without the need to slaughter a single animal. This partnership will help the company to use ABEC's experience and capacity in the biotech industry to design, manufacture, and install the largest known bioreactors for avian and mammalian cell culture.

On 5 July 2024, Mosa Meat, which is Netherlands-based cultivated meat company, secured USD 42.9 million in funding round led by the Lowercarbon Capital and M Ventures. Mosa Meat, known for introducing the world's first cultivated beef hamburger grown from cow cells.

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This report offers historical data and forecasts revenue growth at a global, regional, and country level, and provides analysis of the market trends in each of the segments from 2020 to 2033:

Source Outlook (Revenue, USD Million; 2020-2033)

Poultry

Beef

Seafood

Pork

Cultivation Technique Outlook (Revenue, USD Million; 2020-2033)

Scaffold-based

Suspension-based

Tissue-based

Others

End-Product Outlook (Revenue, USD Million; 2020-2033)

Nuggets

Burger Patties

Sausages

Steaks/Filets

Meatballs

Regional Outlook (Revenue, USD Million; 2020-2033)

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

France

Italy

Spain

Sweden

BENELUX

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Indonesia

Thailand

Australia

Singapore

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East & Africa

Saudi Arabia

U.A.E.

South Africa

Israel

Rest of MEA

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Cultured Meat Market Size@ https://www.emergenresearch.com/industry-report/cultured-meat-market/market-size

Cultured Meat Market Share@ https://www.emergenresearch.com/industry-report/cultured-meat-market/market-share

Cultured Meat Market Trends@ https://www.emergenresearch.com/industry-report/cultured-meat-market/market-trends

Cultured Meat Regional Market Demand@ https://www.emergenresearch.com/industry-report/cultured-meat-market/regional-market-demand

Cultured Meat Market Analysis@ https://www.emergenresearch.com/industry-report/cultured-meat-market/market-analysis

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