Report Overview

Global Cultured Meat Market- Industry Trends & Forecast Report 2028

The Global Cultured Meat Market was worth USD 138.4 million in 2022 and is further projected to reach USD 321.94 million by the year 2028, growing at a CAGR of 17.8% during the forecast period (2023-2028). The market is showing robust growth at a high rate owing to the rising preference of consumers for lab-grown meat due to its numerous advantages such as being free from foodborne and nutrition-related diseases, lower levels of saturated fats, improving human bone health, helping muscles grow faster, and supply many nutrients. Moreover, cultured meat reduces the greenhouse gas emissions leading to 95% less global warming, 92% less air pollution, and 90% less usage of water, and land than conventional beef production. This use of cultured meat is the best solution for global animal welfare and thereby drives the growth of the Global Cultured Meat market during the forecast period.

Cultured Meat – Overview

Cultured Meat is a vitro meat that is grown in a lab from original animal cells using tissue engineering technique, it contains  the same properties, texture, and taste like real meat, and is very healthier as well as eco-friendly because it doesn’t need slaughtering of animals the way traditionally produced meat does. Cultured meat is also known as cultivated meat and is the best alternative to animal meat protein due to its healthier and lower levels of saturated fat than conventional meat. Lab-grown beef can grow from a cow cell, similarly,the lab-grown chicken comes from a line of chicken cells without slaughtering, and ensure a reduction in the land, water, and energy usage.

Global Cultured Meat Market Forecast and Trends

Growth Drivers

Increasing Concerns about Global Animal Welfare

The increasing concerns about environmental awareness and global animal welfare act as a major driving factor for the growth of the Global Cultured Meat Market. The rising awareness and shifting preferences of consumers toward a more nutritional diet that is more sustainable to the environment and minimizes the dependency on animal protein and slaughtering. Several manufacturers of cultured meat around the globe are developing different cultured meat products to reach the growing demand for meat products and decline the stress on conventional sources to support animal welfare. Furthermore, the consumption of meat is increasing around the globe due to the rising disposable income and increasing need for protein which proliferate the growth of the Global Cultured Meat Market during the forecast period (2023-2028).

Rising Disposable Incomes

Increasing urbanization in western countries followed by the rising purchasing power of consumers are the most important factors to drive the growth of the Global Cultured Meat Market during the forecast period. Growing consumption of meat across the globe leads to an increase in the production of quantity of meat which has serious implications for the world’s climate and animal welfare resulting in cultured meat gaining robust popularity as an alternative to traditional meat. People are more concerned about their food habits along with increasing food safety concerns, and environmental sustainability has fostered the development of Global Cultured Meat Market during the forecast period.

Restraints

Lack of Awareness and Production of Cultured Meat

To some consumers, meat slaughtered is healthier than lab-grown meat which acts as a major restraining factor for the growth of the Global Cultured Meat Market. The Global Cultured Meat Market facing various challenges owing to the access to cell lines, and the high cost of raw materials which decline the production of lab-grown meat. In addition, cultured meat is a new idea and many people are not aware of it, thus consumers fear buying  cultured meat instead of traditional meat largely available in the market.

Impact of COVID-19 on Global Cultured Meat Market

The sudden outbreak of COVID-19 impacted negatively the growth of the Global Cultured Meat Market. Initially, the sales declined  as many productions halted during the complete lockdown, also the production faced a huge shortage of raw materials and a halt in processing as well as distribution operations. However, after the spread of the COVID-19 virus, the demand for  cultured meat increased at a steady rate owing to its benefits like being free from animal-based allergies, healthier than conventional meat, also its property of keeping nutrition for a long time. As people cannot go outside their houses to visit the markets due to worldwide lockdown with restricted norms and are more concerned about their eating habits. Thus, people increasingly are trying online cultured meat products to meet the need for protein, thereby, impacting the growth of the Global Cultured Meat Market during the forecast period.

Global Cultured Meat Market - By Product

Based on Product, the Global Cultured Meat Market is segmented into Poultry, Beef, Duck, Seafood, Pork, and others. The Poultry segment accounts for the largest market share in the Global Cultured Meat Market. Also, growing popularity, urbanization, changing consumer food habits, increasing usage of poultry in numerous global cuisines, rising purchasing power of consumers, and growing adoption of delicious poultry products owing to its high nutritional value, lower price than other sources is driving this segment in the Global Cultured Meat market during the forecast period.

Global Cultured Meat Market – By Application

Based On Application, the Global Cultured Meat Market is segmented into Sausages, Burgers, Nuggets, Meatballs, Hotdogs, and Others. The Nuggets segment dominates the market owing to the rising popularity, availability of nuggets, and consumption of fast food across the globe, changing lifestyles, as well as increasing disposable incomes are driving the growth of the Nuggets globally thereby propelling the growth of the Global Cultured Meat Market during the forecast period.

Global Cultured Meat Market - By Distribution Channel

Based on Distributional Channel, the Global Cultured Meat Market is segmented into Online Retail, Convenience Stores, Specialty Stores, Supermarkets/Hypermarkets, and others. The Online Retail segment accounts for the largest market share as the demand for meat increases continuously. Also, the rapidly growing Online Retail business is increasing the sales and availability of cultured meat products like Sausages, Burgers, Nuggets, Meatballs, Hotdogs, and others as well as a variety of cultured meat products are available in online shopping, thereby, accelerating the growth of the Global Cultured Meat market during the forecast period.

Global Cultured Meat Market – By End-User

Based on End-User, the Global Cultured Meat market is segmented into Food Services and households. The Food Service segment is expected to dominate the market during the forecast period owing to the major demand by consumers of cultured meat which is used in the Food Service industry. The Food Service industry includes hotels, fast food restaurants, caterers, and others, which fuel the demand and growth of the Global Cultured Meat Market during the forecast period.

Global Cultured Meat Market - Regional Insights

Geographically, the Global Cultured Meat market is segmented into North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA). The North America segment accounts to hold the largest share in the market owing to the growing urbanization, rising purchasing power, expanding research and development activities, technological advancements, and availability of various international players across the region. 

Competitive Landscape

The leading market players in the Global Cultured Meat market are Memphis Meats (US), SuperMeat (Israel), Aleph Farms Ltd (Israel), Future Meat Technologies Ltd (Israel), Finless Foods Inc. (US), Avant Meats Company Limited (China), Higher Steaks (UK), Seafuture Sustainable Biotech (Canada), Shiok Meats (Singapore), Lab farm Foods (US), Balletic Foods (US), Mission Barns (US), Meatable (Netherlands), MosaMeat BV, Redefine Meat and other prominent players.

The Global Cultured Meat market is highly consolidated with the presence of multinational Food and beverages companies. These companies constantly launch a wide range of products  with innovations to attract consumers and so significantly invest in research and development activities to further innovate their offerings. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, collaborations, etc., is also prominent in this market.

Recent Developments

• Cargill’s food ingredients have invested in Aleph Farms of VisVires New protein and have agreed with other investors to prototype and grow meat directly from meat cells using a 3D tissue engineering platform.

• In 2018, Japanese meat producer ToriyamaChikusanShokuhin and San Francisco-based Just teamed up with aquaculture meat. The goal is to develop laboratory-grown wagyu products that are Japanese beef cattle.

Scope of the Report

By Product

• Poultry
• Beef
• Duck
• Seafood
• Pork
• Others

By Application

• Sausages
• Burgers
• Nuggets
• Meatballs
• Hotdogs
• Others

By Distribution Channel

• Online retail
• Convenience Stores
• Specialty Stores
• Supermarkets/Hypermarkets
• Others

By End-User

• Food Service Industry
• Household

By Region

• North America
• Europe
• Asia-Pacific (APAC)
• Latin America (LATAM)
• Middle-East & Africa (MEA)

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. Global Cultured Meat Market Insights
   1. Industry Value Chain Analysis
   2. GROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Technological Landscape/Recent Development
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. Global Cultured Meat Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. ByProduct
         1. Poultry
         2. Beef
         3. Duck
         4. Seafood
         5. Pork
         6. Others
      2. By Application
         1. Sausages
         2. Burgers
         3. Nuggets
         4. Meatballs
         5. Hotdogs
         6. Others
6. 1. 3. By Distribution Channel
7. 1. Online retail
   2. Convenience Stores
   3. Specialty Stores
   4. Supermarkets/Hypermarkets
   5. Others
      4. By End-User
         1. Food Services
         2. Household
      5. By Region
         1. North America
         2. Europe
         3. Asia-Pacific
         4. Latin America
         5. Middle-East and Africa
8. North America Cultured Meat Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
      2. By Application
      3. By End-User
      4. By Region
         1. United States
         2. Canada
9. Europe Cultured Meat Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
      2. By Application
      3. By End-User
      4. By Region
         1. Germany
         2. United Kingdom
         3. Italy
         4. France
         5. Spain
         6. Rest of Europe
10. Asia Pacific Cultured Meat Market
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Product
       2. By Application
       3. By End-User
       4. By Region
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Rest of Asia Pacific
11. Latin America Cultured Meat Market
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Product
       2. By Application
       3. By End-User
       4. By Region
          1. Brazil
          2. Mexico
          3. Rest of Latin America
12. Middle East & Africa Cultured Meat Market
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Product
       2. By Application
       3. By End-User
       4. By Region
          1. Saudi Arabia
          2. UAE
          3. South Africa
          4. Rest of the Middle East & Africa
13. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership.)
14. Impact of COVID-19 on Cultured Meat Industry
15. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. Memphis Meats (US)
    2. SuperMeat (Israel)
    3. Aleph Farms Ltd (Israel)
    4. Future Meat Technologies Ltd (Israel)
    5. Finless Foods Inc. (US)
    6. Avant Meats Company Limited (China)
    7. Higher Steaks (UK)
    8. Seafuture Sustainable Biotech (Canada)
    9. Shiok Meats (Singapore)
    10. Lab farm Foods (US)
    11. Balletic Foods (US)
    12. Mission Barns (US)
    13. Meatable (Netherlands)
    14. MosaMeat BV
    15. Redefine Meat
    16. Other prominent players.
16. Key Strategic Recommendations

List of Figures

Figure 1        Global Cultured Meat Market Segmentation

Figure 2        Global Cultured Meat Market  Value Chain Analysis

Figure 3        Company Market Share Analysis, 2022

Figure 4        Global Cultured Meat Market Size, By Value (USD Million), 2018-2028

Figure 5        Global Cultured Meat Market  Share, By Product, By Value, 2018-2028

Figure 6        Global Cultured Meat Market  Share, By Region, By Value, 2018-2028

Figure 7        Global Cultured Meat Market Share, By End-User, By Value, 2018-2028

Figure 8        Global Cultured Meat Market Share, By Region, By Value, 2018-2028

Figure 9        North America Cultured Meat Market Size, By Value (USD Million), 2018-2028

Figure 10       North America Cultured Meat Market Share, By Product, By Value, 2018-2028

Figure 11       North America Cultured Meat Market  Share, By Value, 2018-2028

Figure 12       North America Cultured Meat Market  Share, By End-User, By Value, 2018-2028

Figure 13       North America Cultured Meat Market  Share, By Country, By Value, 2018-2028

Figure 14       Europe Cultured MeatSize, By Value (USD Million), 2018-2028

Figure 15       Europe Cultured MeatShare, By Type, By Value, 2018-2028

Figure 16       Europe Cultured Meat Market  Share, By Value, 2018-2028

Figure 17       Europe Cultured Meat Market  Share, By End-User, By Value, 2018-2028

Figure 18       Europe Cultured Meat Market  Share, By Country, By Value, 2018-2028

Figure 19       The Asia-Pacific Cultured Meat Market  Size, By Value (USD Million), 2018-2028

Figure 20       The Asia-Pacific Cultured MeatProteinMarket Share, By Product, By Value, 2018-2028

Figure 21       The Asia-Pacific Cultured Meat Market  Share, By Value, 2018-2028

Figure 22       The Asia-Pacific Cultured Meat Market  Share, By End-User, By Value, 2018-2028

Figure 23       The Asia-Pacific Cultured Meat Market  Share, By Country, By Value, 2018-2028

Figure 24   Latin America Cultured Meat Market  Size, By Value (USD Million), 2018-2028

Figure 25       Latin America Cultured Meat Market  Share, By Product, By Value, 2018-2028

Figure 26       Latin America Cultured Meat Market  Share, By Value, 2018-2028

Figure 27       Latin America Cultured Meat Market  Share, By End-user, By Value, 2018-2028

Figure 28       Latin America Cultured Meat Market  Share, By Country, By Value, 2018-2028

Figure 29       The Middle East & Africa Cultured Meat Market  Size, By Value (USD Million), 2018-2028

Figure 30       The Middle East & Africa Cultured Meat Market  Share, By Product, By Value, 2018-2028

Figure 31       The Middle East & Africa Cultured Meat Market  Share, By Product, By Value, 2018-2028

Figure 32       The Middle East & Africa Cultured Meat Market  Share, By Region, By Value, 2018-2028

Figure 33       The Middle East & Africa Cultured Meat Market  Share, By Country, By Value, 2018-2028

List of Tables

Table 1         Global Cultured Meat Market  Size, By Product, By Value, 2018-2028

Table 2         Global Cultured Meat Market  Size, By Value, 2018-2028

Table 3         Global Cultured Meat Market  Size, By End-User, By Region, 2018-2028

Table 4         Global Cultured Meat Market  Size, By Region, By Value, 2018-2028

Table 5         North America Cultured Meat Market  Size, By Product, By Value, 2018-2028

Table 6         North America Cultured Meat Market  Size, By Value, 2018-2028

Table 7         North America Cultured Meat Market  Size, By End-User, By Value, 2018-2028

Table 8         North America Cultured Meat Market  Size, By Country, By Value, 2018-2028

Table 9         Europe Cultured Meat Market  Size, By Product, By Value, 2018-2028

Table 10        Europe Cultured Meat Market  Size, By Distribution Channel, By Value, 2018-2028

Table 11        Europe Cultured Meat Market  Size, By Value, 2018-2028

Table 12        Europe Cultured Meat Market  Size, By Country, By Value, 2018-2028

Table 13        The Asia-Pacific Cultured Meat Market  Size, By Value, 2018-2028

Table 14        The Asia-Pacific Cultured Meat Market  Size, By Type, 2018-2028

Table 15        The Asia-Pacific Cultured Meat Market  Size, By End-User, By Value, 2018-2028

Table 16        The Asia-Pacific Cultured Meat Market  Size, By Country, By Value, 2018-2028

Table 17        Latin America Cultured Meat Market  Size, By Product, By Value, 2018-2028

Table 18        Latin America Cultured Meat Market  Size, By Value, 2018-2028

Table 19        Latin America Cultured Meat Market  Size, By End-User, By Value, 2018-2028

Table 20        Latin America Cultured Meat Market  Size, By Country, By Value, 2018-2028

Table 21        The Middle East & Africa Cultured Meat Market  Size, By Category, By Value, 2018-2028

Table 22        The Middle East & Africa Cultured Meat Market  Size, By Value, 2018-2028

Table 23        The Middle East & Africa Cultured Meat Market  Size, By End-User, By Value, 2018-2028

Table 24        The Middle East & Africa Cultured Meat Market  Size, By Country, By Value, 2018-2028

Table 25        Memphis Meats (US) Company Overview

Table 26        Memphis Meats (US) Financial Overview

Table 27        SuperMeat (Israel) Company Overview

Table 28        SuperMeat (Israel) Financial Overview

Table 29        Aleph Farms Ltd (Israel) Company Overview

Table 30        Aleph Farms Ltd (Israel) Financial Overview

Table 31        Future Meat Technologies Ltd (Israel) Company Overview

Table 32        Future Meat Technologies Ltd (Israel) Financial Overview

Table 33        Finless Foods Inc. (US) Company Overview

Table 34        Finless Foods Inc. (US) Financial Overview

Table 35        Avant Meats Company Limited (China)  Company Overview

Table 36        Avant Meats Company Limited (China)Financial Overview

Table 37        Higher Steaks (UK) Company Overview

Table 38        Higher Steaks (UK) Financial Overview

Table 39        Seafuture Sustainable Biotech (Canada) Overview

Table 40        Seafuture Sustainable Biotech (Canada) Financial Overview

Table 41        Shiok Meats (Singapore) Company Overview

Table 42        Shiok Meats (Singapore) Financial Overview

Table 43        Lab farm Foods (US) Company Overview

Table 44        Lab farm Foods (US) Financial Overview

Table 45        Balletic Foods (US) Company Overview

Table 46        Balletic Foods (US) Financial Overview

Table 47        Mission Barns (US) Company Overview

Table 48        Mission Barns (US) Corporation Financial Overview

Table 49        Meatable (Netherlands) Company Overview

Table 50        Meatable (Netherlands) Financial Overview

Table 51       MosaMeat BV Company Overview

Table 52        MosaMeat BV Financial Overview

Table 53       Redefine Meat Company Overview

Table 54       Redefine Meat Financial Overview

Table 55        Other prominent players Company Overview

Table 56        Other prominent players Financial Overview