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Global Cultured Meat Market Size, Share, Forecast: By Source: Poultry, Pork, Beef, Seafood, Duck; By Application: Nuggets, Burgers, Meatballs, Sausages, Hot Dogs, Others; By End-Use: Household, Foodservices, Pet Industry; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Cultured Meat Market Outlook
The global cultured meat market size was approximately USD 2.79 billion in 2023. The market is assessed to grow at a CAGR of 45.5% between 2024 and 2032, reaching a value of USD 81.66 billion by 2032.
Key Trends in the Market
Cultured meat, also known as cultivated meat or lab-grown or clean meat, refers to animal meat grown in labs by culturing animal cells in vitro. This form of cellular agriculture enables the production of genuine animal meat entirely outside of an animal's body with the help of tissue engineering and regenerative medicine.
- One of the key cultured meat market trends is the advances in the field of tissue engineering and regenerative medicine (TERM). These advancements allow the production of animal meat (including seafood and organ meats) in a lab, reducing the need for the rearing of animals for food. Cultured meat has similar sensory qualities and nutritional profiles as that of conventional meat and does not require animals to be slaughtered, creating a more sustainable and humane meat industry.
- The demand for meat substitutes is increasing as a result of rapid innovations in the alternative proteins space and a shift toward sustainable food systems. Alternative proteins are likely to play a crucial role in overcoming meat shortages and meet the rising food demands of the global population while minimising environmental impact and promoting animal welfare.
- The leading companies are focused on advancing their research and development efforts to produce cultured meat on a large scale, aiming to commercialise cultured meat products by obtaining regulatory approvals. This is likely to enhance the cultured meat market demand in the coming years.
Market Analysis
Based on source, the market is segmented into poultry, pork, beef, seafood, and duck. On the basis of application, the market can be divided into nuggets, burgers, meatballs, sausages, and hot dogs, among others. The cultured meat market segmentation, based on end use, includes household, foodservices, and pet industry.
The major regional markets for cultured meat include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global cultured meat market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- BlueNalu, Inc.
- Supermeat The Essence of Meat Ltd.
- Shiok Meats Pte Ltd.
- Finless Foods, Inc.
- Upside Foods, Inc.
- Mission Barns
- Vow Group Pty Ltd.
- Aleph Farms Ltd.
- Eat Just, Inc. (GOOD Meat)
- Meatable B.V.
- Others
Market Share by End Use
As per the cultured meat market analysis, the foodservice sector significantly contributes to the demand for cultured meat products. The expansion of food chains and the increasing consumer preference for clean meat have been favouring the growth of the segment. Furthermore, with rising health consciousness and growing awareness regarding the perceived health benefits of cultured meats, consumers are increasingly looking for menus that meet their demands. Resonating with consumers, restaurants and food service joints are expanding their food offerings, including cultured meat burgers and hotdogs. In the coming years, more dishes and preparations utilsing cultured meat are likely to be added to the global food menu, especially in regions like Europe and the US.
Market Share by Region
North America accounts for a significant cultured meat market share due to rising preference for sustainable meat and poultry products in the region and favourable government regulations, such as the USDA and the FDA’s announcement to oversee the production of cultured meat and poultry products in 2019. To tap the growing market, several companies based in the US are focusing on investing in cell-agriculture technologies and meet the region’s growing demand for cultivated meats.
Meanwhile, the Asia Pacific is expected to witness a significant increase in demand for cultured meat in the forecast period, due primarily to increasing meat consumption, growing animal welfare considerations, rising disposable income, and increasing investments to support the cultivated meat market in nations like Singapore and China.
Competitive Landscape
BlueNalu, Inc. is a company that produces cell-cultured seafoods and seafood products, which serve as alternatives to conventional seafood products that may be high in contaminants. The company aims to be the leader in cellular aquaculture, offering trusted seafood products that guarantee great taste, health, and food safety.
Supermeat The Essence of Meat Ltd., is a company offering cultivated meat solutions to improve food safety and enhance the global food system while lowering carbon emissions. The company uses a sustainable and animal-friendly process to provide consumers with chicken meat of the highest quality, grown directly from cells.
Shiok Meats Pte Ltd., a lab-made chicken meat provider, is Israel’s one of the leading cultivated chicken meat firms. The company aims to provide high-quality, clean meat grown directly from animal cells in a safe and controlled environment.
Other cultured meat market players include Finless Foods, Inc., Upside Foods, Inc., Mission Barns, Vow Group Pty Ltd., Aleph Farms Ltd., Eat Just, Inc. (GOOD Meat), and Meatable B.V.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Source |
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| Breakup by Application |
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| Breakup by End-Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Cultured Meat Market Analysis
8.1 Key Industry Highlights
8.2 Global Cultured Meat Historical Market (2018-2023)
8.3 Global Cultured Meat Market Forecast (2024-2032)
8.4 Global Cultured Meat Market by Source
8.4.1 Poultry
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Pork
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Beef
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Seafood
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Duck
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.5 Global Cultured Meat Market by Application
8.5.1 Nuggets
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Burgers
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Meatballs
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Sausages
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Hot Dogs
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Cultured Meat Market by End-Use
8.6.1 Household
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Foodservices
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Pet Industry
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Cultured Meat Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Cultured Meat Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Cultured Meat Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Cultured Meat Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Cultured Meat Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Cultured Meat Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 BlueNalu, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Supermeat The Essence of Meat Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Shiok Meats Pte Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Finless Foods, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Upside Foods, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Mission Barns
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Vow Group Pty Ltd.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Aleph Farms Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Eat Just, Inc. (GOOD Meat)
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Meatable B.V.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Cultured Meat Market: Key Industry Highlights, 2018 and 2032
2. Global Cultured Meat Historical Market: Breakup by Source (USD Billion), 2018-2023
3. Global Cultured Meat Market Forecast: Breakup by Source (USD Billion), 2024-2032
4. Global Cultured Meat Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Cultured Meat Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Cultured Meat Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Cultured Meat Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Cultured Meat Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Cultured Meat Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Cultured Meat Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Cultured Meat Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Cultured Meat Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Cultured Meat Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Cultured Meat Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Cultured Meat Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Cultured Meat Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Cultured Meat Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Cultured Meat Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Cultured Meat Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Cultured Meat Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 2.79 billion.
The market is estimated to grow at a CAGR of 45.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 81.66 billion by 2032.
The market is being driven by the growing demand for clean meat products, increasing focus on animal welfare, and changing customer food choices combined with rising disposable incomes.
The key trends aiding the market expansion include technological advancements in the field of tissue engineering and regenerative medicine (TERM) and innovations in the alternative protein category.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major applications of cultured meat include nuggets, burgers, meatballs, sausages, and hot dogs, among others.
The major players in the market are BlueNalu, Inc., Supermeat The Essence of Meat Ltd., Shiok Meats Pte Ltd., Finless Foods, Inc., Upside Foods, Inc., Mission Barns, Vow Group Pty Ltd., Aleph Farms Ltd., Eat Just, Inc. (GOOD Meat), and Meatable B.V., among others.
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