Cultured Meat Market

Global Cultured Meat Market Size (2024 to 2032)

As per our analysis report, the global cultured meat market is expected to reach USD 833.40 million by 2032 from USD 272.44 million in 2024, growing at a compound annual growth rate (CAGR) of 15% during the forecast timeline. The growth of this market is driven by new companies that enter the market as the number of investors increases.

The cultured meat is produced in animal cells with advanced technology without sacrificing animals. Fermentation is a type of meat produced from natural cells in vitro. Fermentation occurs by taking some cells from an animal and growing them in a nutrient-rich medium. These cells have the ability to proliferate to the extent that each cell can be used to manufacture large quantities of meat for the world population in one year. As food manufacturers increasingly move closer to meat replacement products, cultured meat is a major trend in the food and beverage industry. To manufacture this meat in large quantities, several stages must be considered. Aquaculture meat is the preferred solution to increase the demand for meat worldwide. This meat product also provides a favorable level of saturated fat and reduces environmental impact. The factors that are expected to lead the worldwide culture meat industry are a growing trend toward innovation in cell culture animal welfare and environmental sustainability.

MARKET DRIVERS

The growth of the global cultured meat market is majorly driven by the rising preference from consumers for consuming alternatives to animal products.

The growing concern about animal abuse for meat production has had a significant impact on the way consumers think about meat intake. As consumer awareness of environmental sustainability increases due to the rise in demand for meat, it will become a key factor in stimulating the growth of the global cultured meat market in the future. The trend of investment in various industries due to the development of technological culture is expected to be another driving force to promote the growth of this market in the near future. The first lab-grown hamburgers were expensive, but soon, the researchers developed cheap artificial meat, and they tasted good. It is likely that they will generate growth in this market in the coming years. Cultured meat is considered a solution to the problem of industrial farming. This form of meat can eradicate many environmental problems and improve animal welfare. This is a key factor driving the market during the 2019-2024 forecast period as consumer preferences turn to environmentally friendly products that promise animal welfare. Increased meat consumption and demand for nutritional meat are assumed to support market growth over the outlook period. Synthetic poultry is a major driver of market growth, and it has the most convenient in vitro production mechanism compared to other sources. This is credited to the simplified cell structure that is easier for replication in unnatural media. The original texture of cultured meat can be challenging for the market. This factor is important in determining consumer acceptance of aquaculture meat.

Political relations are also deemed to influence this level of acceptance. The social and environmental sentiment is touted to become a powerful factor in increasing consumer acceptance as synthetic meat products are introduced to the market. The growing trend in protein consumption is likely to offer multiple meat processors and food companies multiple opportunities to invest in alternative meat proteins, such as farmed meat, to meet consumer needs. However, meeting the daily protein needs and flavor of meat products is also an essential factor in the use of substitutes for animal meat. This creates a favorable opportunity for the cultured meat market. To manage the development of cultured meat production technology and increase production, manufacturers are strategically working with other industries. This is deemed to offer lucrative opportunities for the following years. Advanced regions such as Europe and North America are experiencing increased consumption of meat analogs, which is also one of the driving forces in the region's cultured meat market.

MARKET RESTRAINTS

The limited availability of cultured meat is one of the major restraints to the global market growth,

The global cultured meat market is not yet produced on a large scale and is mainly available in specialty stores and restaurants. High investment costs are also termed as the most considerable challenge to limit the development of the cultured meat market size. There are many strict regulations on cultured production in all countries. Cultured meat is a very new concept, and most people don't know it. Furthermore, consumers perceive that meat slaughtered is healthier than meat grown in the laboratory. This is also the main reason why consumers fear trying cultured meat instead of slaughter or traditional meat available on the market.

MARKET OPPORTUNITIES

The rising world hunger can be potentially reduced with the adoption of new technologies in the food industry. Cultural meat can reduce world hunger by increasing the results of the production of food using the technologies available. The rising demand to protect natural resources and the rising concern over the protection of animals are ascribed to boost the growth rate of the cultured meat market. The shifting trend towards the consumption of cultured meat can secure 10% of natural meat by 2030 and 35% by 2040, which is quite an interesting factor to quickly transform into the new changes in producing meat using animal cells in laboratories. Promising outcomes in R&D activities are elevating the interest towards the adoption of cultured meat that can produce genuine animal meat without the use of growing the animals on farms for food.

MARKET CHALLENGES

Lab-grown meat is highly expensive, and top companies are making huge efforts to launch cultured meat at affordable prices, which is a big challenge for key players. Cultured meat is very high compared with traditional meat due to the use of conventional ingredients and the purification process. Key players are also insisting on huge investments in expanding the scale of the production rate of cultured meat, as this can only be possible using significant technological developments in the food industry.

In addition, stringent rules and regulations by government bodies in approving lab-grown meat strategies that violate ethical standards are substantially to act as a barrier to the growth of the cultured meat market in the coming years.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Cultured Meat Market Analysis By Source

The poultry segment is leading with the dominant share of the cultured meat market owing to rising demand for chicken consumption without harming the hens. Chicken cultured meat has been getting a huge positive response from all across the world in recent times. For instance, in 2023, the USDA (United States Department of Agriculture) gave a nod for the chicken that is fully grown in the lab and is completely made from cultured cells. Upside Foods and Good Meat were approved to produce cultured chicken meat in 2023 by USDA, which is sustainable in producing large amounts in the coming years as cultured chicken meat may not be available in the stores yet. The seafood segment is next in ruling the market’s share during the forecast period. The growing number of consumers who are seeking to maintain a healthy diet by eating protein-rich foods is likely to elevate the growth rate of the seafood cultured meat market.

Global Cultured Meat Market Analysis By End Use

The burger segment is thriving to reach the highest CAGR by the end of 2029. Introducing varieties of burgers according to the taste of the customer is greatly influencing the growth rate of the cultured meat market. The rising number of people eating ready-to-eat food products across the world is anticipated to fuel the market’s growth rate. The sausages segment is expected to grow at a higher rate during the forecast period. Large consumer acceptance of the sausages is conquered by elevating the need to produce a high amount of cultured meat that is gearing up the growth rate of the market.

REGIONAL ANALYSIS

North American cultured meat market share is inclined to hold the largest share from the past few years and is expected to hit the highest CAGR during the forecast period. High support from government officials to launch innovative food products using the latest technology is sustainable to surge the market’s growth rate in this region. The innovative technologies in the food industry are deemed to launch incredible culture meat at affordable prices, which makes it more convenient to purchase these products than real meat. High per capita income and growing prominence for alternative meat production to protect the lives of many animals, especially for food, are enhancing the growth rate of the cultured meat market. Cultured meat has huge health benefits, as it is rich in protein and other nutritional values, which is conquered by leveraging the demand to produce more quantity in the coming period.

Asia Pacific cultured meat is likely to hit the highest CAGR by the end of 2029. The increasing population and rising need to supply high-quality food products according to the demand, especially in emerging countries like India and China, is ascribed to elevating the growth rate of the cultured meat market. Huge collaborations between the key players to promote their portfolios also contribute to growth opportunities for the market in the coming years. Changing consumer’s preferences according to their lifestyles is additionally to promote the cultured meat market’s growth rate.

Europe's cultured meat market is expected to grow substantially in the coming years with the rising prominence of the consumption of meat products. European countries are greatly steeping towards the net zero carbon emissions goal, where cultured meat will also play a major role in successfully reducing the environmental impact, which is merely to outrage the market’s growth rate during the forecast period. The overall process emits very little greenhouse gas emissions and requires less land, which is inclined to show positive growth opportunities for the cultured meat market in the coming years.

The cultured meat market share in Latin America, the Middle East & Africa is ascribed to grow at a steady pace during the forecast period 2024 to 2029.

KEY PLAYERS IN THE GLOBAL CULTURED MEAT MARKET

Appleton Meats (Canada), Higher Steaks (UK), Biofood Systems LTD (Israel), Fork & Goode (US), Finless Foods Inc. (US), Avant Meats Company Limited (China), Balletic Foods (US), Future Meat Technologies Ltd (Israel), Meatable (Netherlands), Mission Barns (US), Bluenalu, Inc. (US), New Age Meats (US) and Aleph Farms Ltd (Israel) are a few of the leading players in the global cultured meat market.

RECENT HAPPENINGS IN THE MARKET

• In 2024, Higher Steaks created the world’s first prototype of lab-grown bacon rashers and pork belly using animal cells. The company is a Cambridge-based start-up that has focused on reaching major milestones in launching cultivated meat that is clean and hygienically grown in the labs, which is likely to gain huge positive responses from customers where, and the world is striving to shift towards plant-based alternatives.

DETAILED SEGMENTATION OF THE GLOBAL CULTURED MEAT MARKET INCLUDED IN THIS REPORT    

This research report on the global cultured meat market has been segmented and sub-segmented based on source, end-use, & region.            

By Source

• Poultry    
• Beef         
• Seafood  
• Pork          
• Duck     

By End Use

• Nuggets  
• Burger     
• Meatballs
• Sausages
• Hot Dogs 

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa