United States Lab-grown meat Market

United States Lab-grown meat Market Size Zooming 2.5X to Reach USD 70.3 Million by 2029

Published | 07 July 2023

United States lab-grown meat market flourishing due to the rapid adoption of technological advancements in alternate proteins driven by the transition to sustainable food systems, the growing vegan population and shifting consumer attitude toward animal care.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the United States lab-grown meat market size at USD 28.42 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the United States lab-grown meat market size to expand at a robust CAGR of 16.28% reaching a value of USD 70.27 million by 2029. The growing technological advancements in alternative proteins are what are driving the transition to sustainable food systems. It is projected that the growing vegan population and consumer attitudes toward animal care would help cultured meat become more popular. Research and development are being done to enable the mass production of cultured meat even if the market is still in its infancy. The primary market participants are focusing on obtaining legal authorizations for the sale of cultured meat products. These are the major factors driving the growth of United States lab-grown meat market during the period in analysis.

Opportunity: Advancements in technology driving market growth

Progress in cell culture techniques has enabled the efficient proliferation and differentiation of animal cells, allowing to produce large quantities of lab-grown meat. Improved culture media formulations and the development of three-dimensional tissue engineering methods have further enhanced the quality and structure of lab-grown meat products. Bioreactors are crucial for scaling up lab-grown meat production. Advancements in bioreactor design, automation, and optimization have led to increased productivity and yield. This technology allows for the control of environmental factors, such as temperature, oxygen, and nutrient supply, to create optimal conditions for cell growth and meat development.

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Impact of COVID-19 on United States Lab-grown Meat Market

COVID-19 pandemic disrupted the supply chain for the lab-grown meat industry, as it was in various other industries. The availability of critical inputs and materials was affected by trade restrictions, manufacturing facility closures, and logistical issues. As a result, there were manufacturing delays, lower inventory levels, and higher costs. The pandemic's effects on the economy made it harder for businesses that produce lab-grown meat to find funding and investors. Investor caution increased, slowing investment rounds, and delaying the development and expansion plans of companies producing lab-grown meat.

United States Lab-grown Meat Market

Segmental Information

United States Lab-grown Meat Market - By Application

Based on application, the global lab-grown meat market is divided into Nuggets, Burger Patties, Meatballs, Steak, Hot Dogs & Sausages, and other segments. Due to rising consumer demand for ethical and sustainable beef substitutes, the cultured burger market segment is projected to expand at a significant rate. Burgers made from cultured meat may help the meat business have a smaller negative impact on the environment. Cultivated meat is being evaluated by several startups and major players, which is also forecast to boost the segment's growth.

Competitive Landscape

The United States lab-grown meat market is fragmented, with many players serving the market. The key players dominating the United States Lab-grown meat market include Aleph Farms, Avant Meats Company Limited, Biftek INC, Mosa Meat, BlueNalu, Inc., BioFood Systems Ltd, WildType, New Age Eats, Shiok Meats Pte Ltd, and SuperMeat. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisition to expand their customer reach and gain a competitive edge in the overall market.

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The report's in-depth analysis provides information about growth potential, upcoming trends, and the United States Lab-grown Meat Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the United States Lab-grown Meat Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

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