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
MEATABLE 224 TABLE 226 MEATABLE : BUSINESS OVERVIEW
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BIOTECH FOODS
O MEAT
BIOBQ
PEARLITA FOODS
WILDBIO
GOURMEY
PEACE OF MEAT
WILD TYPE
LABFARM
SHIOK MEATS PTE LTD
CLEARMEAT
EAT JUST, INC.
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Report Description
Scope of the Report
Years Considered for the Study
2023-2034
Base Year
2023
Forecast Period
2028-2034
Units Considered
Value (USD), Volume (Tonnes)
Segments
By Source, End Use, and Region
Regions covered
North America, Europe, Asia Pacific, South America, and Middle East & Africa
The cultured meat market projected to reach USD 0.2 billion in 2023 and USD 1.1 billion by 2034, at a CAGR of 16.5% from 2028 to 2034. The market for next five years since 2023 is projected to grow at 16.1%. Growing ethical concerns surrounding the treatment and slaughter of animals in conventional agriculture have become a driving force behind the quest for alternative food sources. Consumers are increasingly concerned by the inhumane conditions, overcrowding, use of antibiotics, and the often stressful lives of animals raised for food. This awareness has led to a surge in demand for cruelty-free and more compassionate choices in the realm of food production. Cultured meat, also known as lab-grown or clean meat, presents a compelling solution as it offers the prospect of satisfying the world's appetite for meat while bypassing the need to raise and slaughter animals. This innovative approach resonates with consumers who seek products that align with their ethical values, creating a significant shift in the food industry and driving the advancement of alternative protein sources.
"Poultry in the by source segment is expected to be one of the fastest growing sub-segments in the market."
The poultry segment is positioned for the swiftest growth in the cultured meat market, primarily due to the substantial reduction in antibiotics and disease risk. In traditional poultry farming, the overuse of antibiotics to promote growth and combat diseases has raised concerns about antibiotic resistance and the transmission of these resistant strains to humans. Cultured poultry, in contrast, can be produced in a controlled, sterile environment, significantly reducing the need for antibiotics. The absence of crowded and stressful conditions in poultry farms also mitigates the risk of diseases spreading among animals. This not only addresses pressing public health concerns but also appeals to consumers seeking safer, antibiotic-free meat options. As health and safety become paramount in food choices, the poultry segment in the cultured meat market is poised for rapid growth, driven by these critical factors.
US is projected to have the largest share during the forecast period.
US is a global leader in technological innovation and research, which provides a strong foundation for advancing the cultured meat industry. The country boasts a robust biotechnology and cellular agriculture sector, supported by world-renowned research institutions and startups dedicated to developing cultured meat. Furthermore, the US has a sizable and diverse consumer base, including health-conscious individuals, environmentally-aware consumers, and those seeking ethical and sustainable food choices. This broad market appeal positions the U.S. as a prime location for cultured meat adoption. The government's supportive stance and regulatory frameworks for alternative protein sources, along with substantial investment from both public and private sectors, are propelling the industry forward. Additionally, the US has a history of embracing food innovations, making it a fertile ground for cultured meat to gain traction. All of these factors collectively establish US as a dominant player in the cultured meat market, projected to hold the largest market share.
The break-up of the profile of primary participants in the cultured meat market:
By Company Type: Tier 1 - 30%, Tier 2 - 45%, and Tier 3 - 25%
By Designation: CXOs - 25%, Managers - 50%, Executives-25%
By Region: Asia Pacific - 40%, Europe - 25%, North America - 25%, and Rest of the World - 10%
Prominent companies include Mosa Meat (Netherlands), UPSIDE FOODS (US), JUST, Inc. (US), and Integriculture Inc. (Japan), and BioCraft, Inc (US), among others.
Research Coverage:
This research report classifies the cultured meat market based on various factors, including source (such as Poultry, Beef, Pork, Duck, and Seafood), end use (Nuggets, Burgers, Meatballs, Sausages, and Others), and regions (North America, Europe, Asia Pacific, South America, and Rest of the World). The report provides comprehensive insights into market dynamics, encompassing drivers, limitations, challenges, and opportunities that influence the growth of the cultured meat market. Additionally, it offers a thorough analysis of key industry players, their business profiles, solutions, services, strategies, contracts, partnerships, agreements, new product launches, mergers, acquisitions, and recent developments in the cultured meat market. The report also includes a competitive analysis of emerging startups within the cultured meat market ecosystem.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall cultured meat market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers (Increasing demand for alternative protein, focus on animal welfare), restraints (Stringent regulatory environment, high set up cost), opportunities (High per capita meat consumption and imports in emerging South eas Asian countries), and challenges (Skeptisim among consumers) influencing the growth of the cultured meat market.
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the cultured meat market.
Market Development: Comprehensive information about lucrative markets - the report analyses the cultured meat market across varied regions.
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the cultured meat market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Mosa Meat (Netherlands), UPSIDE FOODS (US), JUST, Inc. (US), and Integriculture Inc. (Japan), and BioCraft, Inc (US) among others in the cultured meat market strategies. The report also helps stakeholders understand the cultured meat market and provides them with information on key market drivers, restraints, challenges, and opportunities.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
FIGURE 1 MARKET SEGMENTATION
1.3.1 REGIONS COVERED
FIGURE 2 REGIONAL SEGMENTATION
1.4 INCLUSIONS & EXCLUSIONS
1.5 YEARS CONSIDERED
1.6 CURRENCY CONSIDERED
TABLE 1 USD EXCHANGE RATES CONSIDERED, 2019-2022
1.7 UNIT CONSIDERED
1.8 STAKEHOLDERS
1.9 SUMMARY OF CHANGES
1.9.1 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 3 CULTURED MEAT MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primaries
2.1.2.3 Key primary insights
2.2 MARKET SIZE ESTIMATION
2.2.1 APPROACH ONE: BOTTOM-UP (BASED ON SOURCE, BY REGION)
2.2.2 APPROACH TWO: TOP-DOWN (BASED ON GLOBAL MARKET)
2.3 DATA TRIANGULATION
FIGURE 4 DATA TRIANGULATION METHODOLOGY
2.4 STUDY ASSUMPTIONS
2.5 STUDY LIMITATIONS AND RISK ASSESSMENT
2.6 RECESSION IMPACT ANALYSIS
2.6.1 MACRO INDICATORS OF RECESSION
FIGURE 5 INDICATORS OF RECESSION
FIGURE 6 WORLD INFLATION RATE, 2011-2021
FIGURE 7 GLOBAL GROSS DOMESTIC PRODUCT, 2011-2021 (USD TRILLION)
FIGURE 8 RECESSION INDICATORS AND THEIR IMPACT ON CULTURED MEAT MARKET
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN CULTURED MEAT MARKET
FIGURE 12 GROWING HEALTH CONCERNS RELATED TO TRADITIONAL MEAT AND SHORTFALL IN SUPPLY OF MEAT PRODUCTS TO DRIVE CULTURED MEAT MARKET GROWTH IN NORMAL SCENARIO
4.2 CULTURED MEAT MARKET, BY REGION, 2028 VS. 2034 (USD MILLION) (NORMAL SCENARIO)
FIGURE 13 NORTH AMERICA PROJECTED TO DOMINATE CULTURED MEAT MARKET BY 2034
4.3 CULTURED MEAT MARKET, BY END USE, 2028 VS. 2034 (USD MILLION) (NORMAL SCENARIO)
FIGURE 14 NUGGETS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
4.4 EUROPE: CULTURED MEAT MARKET, BY SOURCE, 2028 (NORMAL SCENARIO)
FIGURE 15 POULTRY SEGMENT PROJECTED TO DOMINATE MARKET BY 2028
4.5 CULTURED MEAT MARKET, BY KEY COUNTRY (NORMAL SCENARIO)
FIGURE 16 CANADA PROJECTED TO BE FASTEST-GROWING COUNTRY-LEVEL MARKET FOR CULTURED MEAT IN NORMAL SCENARIO
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 17 CULTURED MEAT MARKET DYNAMICS
5.3 MACROECONOMIC INDICATORS
5.3.1 CULTURED MEAT TO BE RESILIENT AND SUSTAINABLE PROTEIN SOURCE
5.3.2 CRUCIAL ROLE OF INVESTMENT TRENDS IN CULTURED MEAT INNOVATION
5.3.3 DRIVERS
5.3.3.1 Increasing demand for alternative protein
5.3.3.2 Technological advancements in cellular agriculture
5.3.3.3 Enhanced food safety
5.3.3.4 Investments by key industry giants
5.3.3.5 Environmental sustainability
5.3.3.6 Focus on animal welfare
5.3.3.7 Health benefits offered by cultured meat
5.3.4 RESTRAINTS
5.3.4.1 Stringent regulatory environment
5.3.4.2 High setup cost
5.3.5 OPPORTUNITIES
5.3.5.1 High per capita meat consumption and imports in emerging Southeast Asian economies
FIGURE 18 PROJECTED PER CAPITA POULTRY CONSUMPTION IN SOUTHEAST ASIAN COUNTRIES, 2021-2029
5.3.6 CHALLENGES
5.3.6.1 Skepticism among consumers
TABLE 3 SURVEY CONDUCTED ON "ATTITUDES TO IN VITRO MEAT: A SURVEY OF POTENTIAL CONSUMERS IN THE UNITED STATES"
5.3.6.2 Increased demand for plant-based protein
6 INDUSTRY TRENDS
6.1 INTRODUCTION
6.2 VALUE CHAIN ANALYSIS
FIGURE 19 CULTURED MEAT MARKET: VALUE CHAIN ANALYSIS
10.8.5 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
TABLE 197 CULTURED MEAT MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 198 CULTURED MEAT MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES
10.9 COMPETITIVE SCENARIO
10.9.1 DEALS
TABLE 199 CULTURED MEAT MARKET: DEALS, 2019-2023
10.9.2 OTHERS
TABLE 200 CULTURED MEAT MARKET: OTHERS, 2019-2023
11 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) **
11.1 MAJOR PLAYERS
11.1.1 MOSA MEAT
TABLE 201 MOSA MEAT: BUSINESS OVERVIEW
TABLE 202 MOSA MEAT: DEALS
TABLE 203 MOSA MEAT: OTHERS
11.1.2 UPSIDE FOODS
TABLE 204 UPSIDE FOODS: BUSINESS OVERVIEW
TABLE 205 UPSIDE FOODS: DEALS
TABLE 206 UPSIDE FOODS: OTHERS
11.1.3 EAT JUST, INC.
TABLE 207 EAT JUST, INC.: BUSINESS OVERVIEW
TABLE 208 EAT JUST, INC.: DEALS
11.1.4 INTEGRICULTURE INC.
TABLE 209 INTEGRICULTURE INC.: BUSINESS OVERVIEW
TABLE 210 INTEGRICULTURE INC.: DEALS
11.1.5 MEWERY
TABLE 211 MEWERY: BUSINESS OVERVIEW
11.1.6 BIOCRAFT, INC.
TABLE 212 BIOCRAFT, INC.: BUSINESS OVERVIEW
11.1.7 FINLESS FOODS, INC.
TABLE 213 FINLESS FOODS, INC.: BUSINESS OVERVIEW
TABLE 214 FINLESS FOODS, INC.: DEALS
11.1.8 AVANT MEATS
TABLE 215 AVANT MEATS: BUSINESS OVERVIEW
TABLE 216 AVANT MEATS: DEALS
TABLE 217 AVANT MEATS: OTHERS
11.1.9 BLUENALU
TABLE 218 BLUENALU: BUSINESS OVERVIEW
TABLE 219 BLUENALU: DEALS
TABLE 220 BLUENALU: OTHERS
11.1.10 FORK & GOOD
TABLE 221 FORK & GOOD: BUSINESS OVERVIEW
11.1.11 MISSION BARNS
TABLE 222 MISSION BARNS: BUSINESS OVERVIEW
TABLE 223 MISSION BARNS: DEALS
11.1.12 CUBIQ FOODS
TABLE 224 CUBIQ FOODS: BUSINESS OVERVIEW
11.1.13 IVY FARM TECHNOLOGIES LIMITED
TABLE 225 IVY FARM TECHNOLOGIES LIMITED: BUSINESS OVERVIEW
11.1.14 MEATABLE 224 TABLE 226 MEATABLE: BUSINESS OVERVIEW
11.2 STARTUPS/SMES/OTHER PLAYERS
11.2.1 BIOTECH FOODS
TABLE 227 BIOTECH FOODS: BUSINESS OVERVIEW
11.2.2 O MEAT
TABLE 228 O MEAT: BUSINESS OVERVIEW
11.2.3 BIOBQ
TABLE 229 BIOBQ: BUSINESS OVERVIEW
11.2.4 PEARLITA FOODS
TABLE 230 PEARLITA FOODS: BUSINESS OVERVIEW
11.2.5 WILDBIO
TABLE 231 WILDBIO: BUSINESS OVERVIEW
11.2.6 GOURMEY
TABLE 232 GOURMEY: BUSINESS OVERVIEW
11.2.7 PEACE OF MEAT
TABLE 233 PEACE OF MEAT: BUSINESS OVERVIEW
11.2.8 WILD TYPE
11.2.9 LABFARM
11.2.10 SHIOK MEATS PTE LTD
11.2.11 CLEARMEAT
11.2.12 EAT JUST, INC.
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
12 ADJACENT AND RELATED MARKETS
12.1 INTRODUCTION
12.2 LIMITATIONS
12.3 MEAT SUBSTITUTES MARKET
12.3.1 MARKET DEFINITION
12.3.2 MARKET OVERVIEW
TABLE 234 MEAT SUBSTITUTES MARKET, BY SOURCE, 2017-2020 (USD MILLION)
TABLE 235 MEAT SUBSTITUTES MARKET, BY SOURCE, 2021-2027 (USD MILLION)
TABLE 236 MEAT SUBSTITUTES MARKET, BY SOURCE, 2017-2020 (KT)
TABLE 237 MEAT SUBSTITUTES MARKET, BY SOURCE, 2021-2027 (KT)
12.4 PLANT-BASED MEAT MARKET
12.4.1 MARKET DEFINITION
12.4.2 MARKET OVERVIEW
TABLE 238 PLANT-BASED MEAT MARKET, BY SOURCE, 2019-2021 (USD MILLION)
TABLE 239 PLANT-BASED MEAT MARKET, BY SOURCE, 2022-2027 (USD MILLION)
TABLE 240 PLANT-BASED MEAT MARKET, BY SOURCE, 2019-2021 (TONS)
TABLE 241 PLANT-BASED MEAT MARKET, BY SOURCE, 2022-2027 (TONS)