Cultured Meat Market by Source (Poultry, Beef, Seafood, Pork, Duck), End Use (Nuggets, Burgers, Meatballs, Sausages, Hot Dogs), and Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) - Global Forecast to 2034
Cultured Meat Market Size, Share & Analysis - 2034
The cultured meat market size is predicted to grow at a CAGR of 16.5% between 2028 and 2034, reaching a value of $1.1 billion by 2034 from a projection of $0.2 billion in 2023. In addition since 2023, the market is projected to grow at a CAGR of 16.1% over the next five years period. Consumers are increasingly inclined to seek alternatives that bypass the ethical dilemmas and cruelty often linked to raising and slaughtering animals for meat, making cultured meat an appealing choice.
Additionally, health and safety concerns have spurred the market's expansion. Modern consumers are more health-conscious than ever, and they seek meat products free from antibiotics, hormones, and the risks of foodborne pathogens. Cultured meat, produced in a controlled and hygienic environment, aligns with these preferences, thus driving demand. Furthermore, the market is addressing global food security challenges. With a growing global population, traditional meat production methods face limitations in meeting the increasing demand for meat. Cultured meat technology offers a sustainable and scalable solution to ensure a consistent meat supply, helping to alleviate food shortages and price fluctuations.
To know about the assumptions considered for the study, Request for Free Sample Report
Cultured Meat Market Dynamics
Drivers:Increasing demand for alternative protein
The surging demand for alternative protein sources is a pivotal driver behind the burgeoning market growth of cultured meat. As consumers increasingly seek sustainable and ethical options, the allure of alternative proteins, like cultured meat, becomes evident. This demand is propelled by a convergence of factors, including environmental concerns linked to conventional livestock farming, the depletion of natural resources, and rising greenhouse gas emissions. These issues have led consumers to explore alternatives that can alleviate the detrimental impact of traditional meat production on the planet.
Furthermore, health-conscious consumers are turning to alternative proteins for their nutritional benefits, eschewing the use of antibiotics, hormones, and the risk of foodborne illnesses associated with conventional meat. Additionally, a growing market for plant-based diets and flexitarianism reflects a broader shift in consumer preferences towards protein sources that are not derived from animals. This rising demand for alternative proteins is creating a fertile ground for the cultured meat market to thrive, offering a more sustainable, ethical, and health-focused choice in the evolving landscape of food production.
Restraints: Stringent regulatory environment
The market is encountering significant growth limitations due to a stringent regulatory environment. Regulatory bodies worldwide are grappling with the novel nature of cultured meat production, often lacking specific guidelines to govern this emerging industry. This regulatory uncertainty poses challenges for market players in terms of securing approvals, navigating compliance hurdles, and ensuring the safety and quality of cultured meat products. The lengthy and intricate approval processes add substantial time and cost to bringing cultured meat to market, inhibiting its scalability and market competitiveness.
Additionally, concerns related to labeling, safety standards, and the classification of cultured meat further complicate the regulatory landscape. To unlock the full potential of the cultured meat market, collaboration between industry stakeholders and regulatory bodies is imperative to establish clear and harmonized guidelines that ensure both consumer safety and industry innovation.
Opportunities: High per capita meat consumption and imports in emerging southeast asian economies
The high per capita meat consumption and significant meat imports in emerging Southeast Asian economies are presenting a promising opportunity in the market. As these economies continue to grow, their rising middle-class populations are driving increased demand for meat, placing substantial pressure on conventional livestock production. Cultured meat can fill this gap, offering a sustainable and locally-produced alternative to traditional meat sources.
Moreover, the reliance on meat imports in these regions opens the door for cost-effective and domestically-produced cultured meat, reducing dependency on foreign suppliers and improving food security. Cultured meat's potential to align with consumer preferences for ethical and sustainable food choices makes it well-positioned to cater to the meat demand in these economies while addressing environmental and resource constraints. This presents a golden opportunity for cultured meat producers to establish a foothold in these dynamic and burgeoning cultured meat markets.
To know about the assumptions considered for the study, download the pdf brochure
Challenges: Skeptism among consumers
Skepticism among consumers represents a significant challenge in the cultured meat market. Despite its potential benefits, many consumers remain uncertain about this novel food source. The unfamiliarity and perceived "unnatural" production process can lead to distrust and resistance. Concerns related to taste, safety, and the use of novel technology can further contribute to consumer skepticism. Additionally, cultural and emotional attachments to traditional meat production can make it difficult to convince consumers to make the switch to cultured meat. To address this challenge, the cultured meat industry must invest in education, transparency, and effective communication to demystify the production process, emphasize the sustainability and ethical aspects, and conduct rigorous safety testing. Overcoming consumer skepticism is vital for the widespread acceptance of cultured meat as a viable and sustainable alternative to traditional meat sources.
Cultured Meat Market Ecosystem
Based on source, the raw material segment is estimated to hold the largest market share during the forecast period of the cultured meat market.
Poultry, particularly chicken, is one of the most widely consumed and versatile meats globally. Its popularity makes it a prime candidate for disruption within the meat market, as it addresses the increasing demand for animal protein while minimizing the environmental and ethical concerns associated with conventional poultry farming. Additionally, the production of poultry cultured meat is relatively more straightforward and cost-effective compared to other meat types, such as beef, which requires more complex tissue engineering processes. This makes poultry cultured meat a practical choice for scaling up production and achieving cost competitiveness.
Moreover, poultry cultured meat has a broad range of applications, including nuggets, burgers, sausages, and more, aligning with consumer preferences and making it accessible to a wide audience. These factors, combined with the versatility of poultry in various global cuisines, position it as the leader in the market, both in terms of market share and consumer acceptance.
North America Holds The Largest Share of the Cultured Meat Market
North America is poised to claim the largest share (50.89%) in the market in 2034 due to a combination of factors. The region benefits from a strong convergence of technological innovation and consumer interest in sustainability and ethical eating. The United States, in particular, has witnessed substantial investments in cultured meat startups, fostering research and development.
Additionally, North American consumers exhibit a growing appetite for plant-based and alternative protein options, driven by health consciousness and environmental concerns. This aligns well with the sustainable and cruelty-free aspects of cultured meat. Furthermore, regulatory agencies in the region have shown openness to fostering innovation in the food sector, facilitating a more favorable environment for cultured meat companies. This confluence of technological advancement, consumer demand, and regulatory support positions North America as a frontrunner in the market
Top Companies in the Cultured Meat Market
The key players in this market include Mosa Meat (Netherlands), UPSIDE FOODS (US), JUST, Inc. (US), and Integriculture Inc. (Japan), and BioCraft, Inc (US)
Scope of the Cultured Meat Market Report
This research report categorizes the market based on Product, Type, Consumption, Distribution Channel, Freezing technique, and Region.
Report Metric |
Details |
Market valuation in 2023 |
USD 0.2 billion |
Revenue forecast in 2028 |
USD 0.4 billion |
Revenue forecast in 2034 |
USD 1.1 billion |
Progress rate |
CAGR of 16.5% from 2028 to 2034 |
Segments Covered |
By Source, End Use, and Region |
Regions covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Market driving factors |
Increasing demand for alternative protein |
Opportunities |
The high per capita meat consumption and substantial meat imports in emerging Southeast Asian economies are creating a favorable opportunity in the market. |
Largest growing region |
North America |
Companies studied |
|
Target Audience of Cultured Meat Market
- cultured meat producers, suppliers, distributors, importers, and exporters
- Large-scale cultured meat manufacturers and research organizations
- Related government authorities, commercial research & development (R&D) institutions, FDA, EFSA, USDA, FSANZ, EUFIC government agencies, and other regulatory bodies
- Food product consumers
- Commercial research & development (R&D) institutions and financial institutions
Cultured Meat Market Segmentation:
Aspect |
Details |
By Source |
|
By End Use |
|
By Region |
|
Recent Developments in the Cultured Meat Market
- In September 2023, Eat Just Inc., announced a strategic partnership with Halal Products Development Company (HDPC), wholly owned by the Public Investment Fund of Saudi Arabia . Through the collaboration, HPDC would provide advisory solutions to help Eat Just obtain “Halal” certification and approvals needed to operate as a Halal food distributor. The partnership would also leverage HPDC’s services to help Eat Just develop a sustainable strategy to enter the Halal market, paving the way to export its products to both local and regional markets.
- In May 2022, IntegriCulture Inc. successfully secured USD 7 million in funding from a group of 12 investors during its Series A funding round, significantly bolstering their financial resources. This latest round pushed their total funding to approximately USD 16.4 million. IntegriCulture Inc. intended to use the funds obtained to create an infrastructure platform for cellular agriculture that would be accessible to organisations of all sizes and industries.
- In December 2020, Mosa Meat announced an increased investment from Bell Food Group, a prominent European meat and convenience food processor. This funding would facilitate the expansion of Mosa Meat's cultured meat production. Additionally, it would support the construction of Mosa Meat's pilot production facility and the advancement and scaling of its technology.
Frequently Asked Questions (FAQ):
What is the current size of the Cultured meat market?
The cultured meat market is projected to reach USD 1.1 billion by 2034, at a CAGR of 16.5 % from 2028 to 2034.
Which are the key players in the market?
The key players in this market include General Mills Inc. (US), Nestlé (Switzerland), Unilever (Netherlands), McCain Foods Limited (Canada), Conagra Brands, Inc (US), Kellogg's Company (US), Grupo Bimbo (Mexico), and The Kraft Heinz Company (US).
Which region is projected to account for the largest share of the cultured meat market?
North America's dominance in the cultured meat market is attributed to a synergy of factors. The region benefits from substantial investments in cultured meat startups, strong consumer interest in sustainable and ethical eating, and a growing appetite for alternative proteins. Additionally, supportive regulatory agencies foster innovation, positioning North America as a leader in this evolving industry.
Which source is projected to grow at the highest rate during the forecast period?
Poultry, particularly chicken, holds a dominant position in the cultured meat industry due to its global popularity, simplified production processes, cost-effectiveness, versatile applications, and alignment with consumer preferences. These factors make it the market leader in both share and acceptance.
Which end use is projected to account for the fastest growth of the cultured meat market?
Nuggets are poised to dominate the cultured meat market in terms of growth due to their appeal as a convenient and familiar product. This segment caters to consumer preferences for easy integration into diets, and nuggets serve as a versatile, widely accepted entry point for cultured meat, driving their market dominance.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
The study involved four major activities in estimating the current size of the cultured meat market. Exhaustive secondary research was done to collect information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
This research study involved the extensive use of secondary sources—directories and databases such as Bloomberg Businessweek and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial study of the market.
In the secondary research process, various sources such as annual reports, press releases & investor presentations of companies, white papers, food journals, certified publications, articles from recognized authors, gold & silver standard websites, directories, and databases, were referred to identify and collect information. This research study involved the extensive use of secondary sources—directories and databases such as Bloomberg Businessweek and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial study of the cultured meat market.
Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, and market classification and segmentation as per the industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.
Primary Research
Extensive primary research was conducted after obtaining information regarding the cultured meat market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, South America, and the Rest of the World. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors, from business development, marketing, research, and development teams, and related key executives from distributors, and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to types of cultured meat, type, product, consumption, distribution channel, freezing technique, and region. Stakeholders from the demand side, such as food and beverage companies and health and personal care companies who are using cultured meat were interviewed to understand the buyer’s perspective on the suppliers, products, and their current usage of cultured meat and outlook of their business which will affect the overall market.
To know about the assumptions considered for the study, download the pdf brochure
COMPANY NAME |
designation |
BioCraft,Inc (US) |
General Manager |
Finless Foods (US) |
Sales Manager |
BlueNalu (US) |
Individual Industry Expert |
Fork & Good (US) |
Marketing Manager |
Mission Barns (US) |
Sales Executive |
Ivy Farm Technologies Limited (UK) |
Sales Manager |
Cultured Meat Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the market. These approaches were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following details:
- The key players in the industry and the overall markets were identified through extensive secondary research.
- The revenues of the major cultured meat players were determined through primary and secondary research, which were used as the basis for market sizing and estimation.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
- All macroeconomic and microeconomic factors affecting the growth of the market were considered while estimating the market size.
- All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.
Global cultured meat Market: Bottom-Up Approach
To know about the assumptions considered for the study, Request for Free Sample Report
Global cultured meat Market: Top-Down Approach
Data Triangulation
After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Cultured Meat Market Definition
According to the Federation of American Scientists, “Cell-cultured meat (also referred to as lab-grown meat, clean meat, in-vitro meat, imitation meat, synthetic meat, and fake meat) is grown in laboratories from animal cell cultures.”
Key Stakeholders
- Venture capitalists and investors
- Meat processors, traders, distributors, importers, exporters, and suppliers
- Food retailers
- Commercial research & development (R&D) organizations and financial institutions
- Livestock research organizations
- Cultured meat associations and regulatory bodies such as the Cultured Meat Foundation, and Future Food
- Other associations such as the United States Cattlemen's Association (USCA), National Cattlemen's Beef Association, and the National Pork Producers Council
Cultured Meat Market Report Objectives
- Determining and projecting the size of the market, with respect to source, end use and regions, over 10 years, ranging from 2024 to 2034
- Identifying the attractive opportunities in the market by determining the largest and fastest-growing segments across regions
- Providing detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- Analyzing the micro-markets with respect to individual growth trends, prospects, and their contribution to the total market
- Impact of macro- and microeconomic factors on the market
- Impact of recession on the global market
- Shifts in demand patterns across different subsegments and regions.
- Identifying and profiling the key market players in the market
- Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key regions.
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.
The following customization options are available for the report:
Product Analysis
- Product Matrix, which gives a detailed comparison of the product portfolio of each company.
Geographic Analysis of Cultured Meat Market
With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.
- Further breakdown of the Rest of Europe into Poland, Portugal, Ireland, Sweden, Finland, Austria, Belgium, Bulgaria, Greece, the Czech Republic, Russia, and Denmark.
- Further breakdown of the Rest of Asia Pacific into Malaysia, Myanmar, the Philippines, Indonesia, South Korea, Thailand, Sri Lanka, and Vietnam
- Further breakdown of the Rest of the Middle East & Africa into Saudi Arabia, Iran, Iraq, Oman, Bahrain, Qatar, Kuwait, Egypt, Turkey, Syria, South Africa, Nigeria, Kenya, Morocco, Ghana, and Algeria.
Company Information
- Detailed analyses and profiling of additional market players (up to five)
Growth opportunities and latent adjacency in Cultured Meat Market