The Global Market for Cultured Meat - Market Size, Trends, Competitors, and Forecasts (2023)

Cultured meat refers to meat created using cell culture techniques within a laboratory or manufacturing facility. It is produced by growing master cells collected from cattle, chicken, pigs, fish, and lamb, as well as other types of livestock and seafood. In addition to meat and seafood production, cultured meat techniques can be used to ethically manufacture other types of animal products, such as leather, as well as animal byproducts, including lab-grown milk and hen-free egg whites, for example. Cultured meat is ethically produced, because livestock is not used within the manufacturing processes beyond collecting the initial cells required for cell culture.

The number of startups focused on developing cultured meat (and the required cell culture media, supplements, and methods to produce them) has been rising year after year. There are now an impressive 99 companies worldwide developing cultured meat components, services, and end-products, compared to only four in 2016. Additionally, nearly 40 life science firms have declared and formally launched products to supply market competitors with the essential inputs they need to support cultured meat and seafood production.

Because cultured meat is an early-stage industry, the language to describe it is evolving in real time. Currently, company executives use a range of terms to describe the field, including but not limited to cultured meat, cultivated meat, cell-based meat, clean meat, cellular agriculture, and lab-grown meat, as well as slaughter-free meat and ethically grown meat, to a lesser extent. The potential of cultured meat has captured the imagination of investors, researchers, and consumers alike. Although the cultured meat market is a nascent industry, 2020 was a landmark year because a cultured chicken product developed by the company Eat Just made its debut on a restaurant menu in Singapore, after the country's food agency approved its sale to the public. The regulatory approval of this cellular food product within Singapore provides hope that other regulatory approvals could follow worldwide.

Flow of capital into the cultured meat industry has also grown substantially in recent years, reaching approximately $1.0 billion per year. Major investments within the cultured meat market have included Cargill's investment into Memphis Meats and Aleph Farms, as well as Tyson Foods Venture Fund's investments into Memphis Meats and Future Meat Technologies. Wealthy investors are also piling into the cultured meat market. For example, billionaires Bill Gates and Richard Branson joined with Tyson Foods, DFJ, Atomico, and Cargill to invest in the Silicon Valley start-up Memphis Meats. The start-up company rose to fame when it produced the world's first lab-grown meatballs made by cultivating cow muscle tissue within a sterile environment. Another notable name in cultured meat investing is Dr. Rick Klausner, who is a lead investor in the Dutch company Meatable. He is the former director of the U.S. National Cancer Institute (NCI) and former Executive Director of Global Health for the Bill & Melinda Gates Foundation. Additionally, the cultured meat industry has witnessed public-sector R&D funding awards within the U.S. and the European Union, and China signed a $300 million deal to buy lab-grown meat produced in Israel in a deal that openly signals its intent to supply cultured meat to its massive population of 1.4 billion citizens.

By 2040, a projected 60% of the meat will be created from cells grown within bioreactors and sold across grocery stores and restaurants worldwide. The rise of the cultured meat market will be supported by the sustainability of the process, as well as the industry's ability to provide "tailor-made nutrition" through its meat and seafood products. Recent surveys indicate that nearly 50% of consumers do not have reservations about consuming cultured meat. Over the next 10 to 20 years, the cultured meat market is projected to act as a major disruptor to the conventional meat market.

The main objectives of this cultured meat report are to provide the reader with the following details:

The history and science of cultured meat production

Benefits and advantages of cultured meat production

Production technologies to support cultured meat production

Emerging applications within the cultured meat market

Cost of cell culture medium to support cultured meat production

Cell lines, culture media, scaffolding, and bioprocess designs to support cultured meat production

The geographic distribution of cultured meat research laboratories

Funding opportunities for research into cultured meat production

Rates and volumes of scientific publications about cultured meat technologies

Collaborative researchers within the cultured meat market

Granted and pending patents for cultured meat products and technologies

Capital investments into cultured meat companies

Leading investors funding the cultured meat market

The number and global distribution of cultured meat companies

Current cultured meat products under development

Strategic partnerships within the cultured meat industry

Estimated time for cultured meat products to reach commercialization and widespread adoption

Timelines and requirements for cultured meat to reach cost parity with conventional meat

Government regulation of cultured meat by region

Global consumption and market size for the conventional meat market

Anticipated disruption timeline for the conventional meat market

Global market size for cultured meat, segmented by geography and meat type

Future market size for the cultured meat, segmented by geography, meat type, and year

Profiles of all known cultured meat companies and their products under development

Key questions answered in this report include:

What are alternative names for cultured meat?

What are the technological and nutritional advantages of cultured meat?

Do the cultured meat products have the same color, flavor, and nutrients of conventional meat?

What are the methods and technologies involved in the production of cultured meat?

What is the current production cost of cultured meat and what will it be in the future?

Does cultured meat technology have other applications within the food sector?

What is being done to bring down the cost of cultured meat to be on par with conventional meat?

How many research labs in the world are engaged with cultured meat research?

How many laboratories are offering collaborative research on cultured meat?

How many scientific papers have been published about cultured meat since 2000 and what are the year-over-year trends?

Who are the major patent holders within the cultured meat market?

How much capital is being invested into the cultured meat sector per year?

How much capital has been invested into cultured meat by type?

How much venture capital have cultured meat companies received?

What is the current status of the cultured meat industry?

What types of cultured meat products are under development by current market competitors?

What are recent developments and newsworthy events within the global market?

How long it will take for cultured meat products to reach commercialization?

How long will cultured meat take to reach widespread adoption?

What is the size of the cultured meat market, segmented by geography and type of meat?

What are future market size forecasts for the cultured meat market, segmented by geography, type of meat, and year?

To summarize, this report reveals all major market competitors worldwide, including their strategic advantages, core technologies, and products under development. It describes the current state of cultured meat research, as well as emerging technologies, patents, funding events, scientific papers, strategic partnerships, and the market's presumed trajectory toward global adoption. It presents a comprehensive market size breakdown segmented by type of meat and geography (North America, Europe, Asia/Pacific, and Other). It also provides future projections through 2032, segmented by type of meat, geography, and year.

Although not yet mainstream, cultured meat is fast becoming a viable alternative to its farm-grown counterpart as billionaire entrepreneurs, investment firms, and industry heavyweights invest in companies from across this nascent field. With the competitive nature of this global market, you don't have the time to do the research. Claim this report to become immediately informed.

1. CULTURED MEAT OVERVIEW

1.1. Statement of the Report
1.2. Introduction
1.3. Executive Summary

2. HISTORY, SCIENCE, & TECHNOLOGY OF CULTURED MEAT

2.1. Nomenclature
2.2. History of Cultured Meat
2.3. The Science of Cultured Meat
- 2.3.1. Cell Lines
- 2.3.2. Cell Culture Media
- 2.3.3. Bioprocess Design
- 2.3.4. Scaffolding
- 2.3.5. End Product Considerations

3. POTENTIAL BENEFITS OF CULTURED MEAT

3.1. Sustainability
3.2. Environmental Benefits
3.3. Animal Welfare
3.4. Food Safety
3.5. Novel Foods

4. PHYSICAL AND CHEMICAL ASPECTS OF CULTURED MEAT

4.1. Structure and Texture
4.2. Color
4.3. Flavor
4.4. Nutritional Composition

5. CULTURE MEAT PRODUCTION TECHNOLOGIES AND ADVANCES

5.1. Step 1: Acquisition of Seed Cells
5.2. Step 2: Large-Scale Expansion of Seed Cells
5.3. Step 3: Induced Differentiation of Seed Cells
5.4. Step 4: Assembly of Cultured Cells into Meat Products
5.5. Technical Challenges for Large-Scale Production of Cultured Meat
- 5.5.1. Animal Component-Free Medium for Cell Culture
- 5.5.2. Intelligent Bioreactor for Scale Up
- 5.5.3. Degradable/Edible Scaffold for a 3D Structure
- 5.5.4. Technological Challenges in Cultured Meat Production
- 5.5.5. The Biggest Challenge
- 5.5.6. Mass Production Technology
- 5.5.7. Other Technological Challenges
- 5.5.8. Production Cost of Cultured Meat
5.6. Additional Emerging Applications of Cultured Meat Technology
5.7. Cultured Meat Reaching the Retail Market: Possible Scenarios

6. ANALYSIS OF CULTURE MEDIUM COSTS FOR LAB-GROWN MEAT

6.1. Cost Breakdown of Pharmaceutical Grade Culture Media
6.2. Cost Breakdown of Food Grade Basal Medium Ingredients
6.3. Potential Scenarios to Reduce Cell Culture Medium Cost
- 6.3.1. Projected Cost and Fold Reduction (Cost Comparisons)

7. RESEARCH LANDSCAPE

7.1. Cell Line Research at ETH Zurich
7.2. Culture Media Research at New Castle University
7.3. Research at University of Wisconsin, Madison for Scaffolding
7.4. Research on Bioprocess Design at University of BATH
7.5. Cultured Meat Research Lab Database
- 7.5.1. Funding for Academic Research on Cultured Meat
- 7.5.2. Research Funding: Cultured Meat
- 7.5.3. Collaborative Researchers in Cultured Meat Sector
7.6. Scientific Publications on Cultured Meat

8. PATENT LANDSCAPE

8.1. Types of Patent Claims
8.2. NoTable Patent Holders in Cultured Meat
- 8.2.1. Impossible Foods
- 8.2.3. Beyond Meat
- 8.2.4. JUST
- 8.2.5. UPSIDE Foods (Memphis Meats)
- 8.2.6. Perfect Day Foods
8.3. Patent Applications for Scaffolds

9. INVESTMENT LANDSCAPE

9.1. Capital Invested by Type of Cultured Meat
9.3. Cultured Meat Companies by Size of Investment
9.4. Agronomics: The Largest Investor
9.5. Public Sector Investments in Cultured Meat Sector
9.6. A Bird's-Eye View of Investments in Cultured Meat Sector
- 9.6.1. A Complete List of Venture Investments in the Cultured Meat Industry
- 9.6.2. Most Active Investors in the Cultured Meat Industry

10. CULTURED MEAT INDUSTRY: CURRENT STATUS, BREAKTHROUGHS, AND HISTORIC EVENTS

10.1. Global Presence of Cultured Meat Companies
10.2. Cultured Meat Products under Development
- 10.2.1. Chicken Nugget from JUST
- 10.2.2. Chicken Tender from Memphis Meats (UPSIDE Foods)
- 10.2.3. Cultured Beef Meat Ball by Memphis Meats (UPSIDE Foods)
- 10.2.4. Cultured Pork Belly and Bacon from Higher Steaks
- 10.2.5. Cultured Pork Sausage by New Age Meats
10.3. Share of Companies by Product Type
10.4. Cultured Meat Industry's Landmark Events
- 10.4.1. First QSR Partnership in Cultured Meat Space
- 10.4.2. First Partnership in Cultured Meat Space
- 10.4.3. First Restaurant Concept in Cultured Meat Space
- 10.4.4. First Acquisition in Cultured Meat Space
- 10.4.5. First Commercial Sale of Cultured Meat Product
- 10.4.6. First Series B Fund Raising in Cultured Meat Space
- 10.4.7. First U.S. Government's R&D Funding for Cultured Meat
- 10.4.8. First E.U. R&D Funding for Cultured Meat
- 10.4.9. First Paper on Soy Protein Scaffolding
10.5. Major Recent Developments in Cultured Meat Sector
- 10.5.1. Aleph Farms' Partnerships with Mitsubishi and BRF S.A.
- 10.5.2. BlueNalu's $60 Million Convertible-Note Financing
- 10.5.3. Future Meat Produces Cultured Chicken Breast for $7.50
- 10.5.4. Breakthrough Energy's Recommended Policy Priorities
10.6. Tasting Events
- 10.6.1. Israeli PM Tasting Aleph Farms Cultured Steak
- 10.6.2. SuperMeat's "The Chicken" Project
- 10.6.3. Lab Farm Foods' Cultured Chicken Nuggets and Pork Liver Pate
- 10.6.4. Avant Meat's Cultured Fish Fillets
- 10.6.5. Wildtype's Cultured Sushi-Grade Salmon
- 10.6.6. Shiok Meats' Tasting Event for its Cultured Lobster
10.7. The Leading Edge of Cultured Meat Production
- 10.7.1. Factory Capacity for Supplying 10% of the Conventional Meat Market
- 10.7.2. An Option for New Bioreactor Designs
- 10.7.3. Location of Large-Scale Manufacturing Facilities by Geography
- 10.7.4. Cultured Meat at a Premium Price
10.8. Time for Cultured Meat to Reach the Market
10.9. Current Limitations in Cultured Meat Industry
- 10.9.1. Design and Optimization of Bioreactors
- 10.9.2. Serum-Free Culture Media Development
10.10. The Race toward Pilot Plant Setup
10.11. Hybrid Products: The First to Reach the Market
10.12. Cost Parity of Cultured Meat with Conventional Meat
- 10.12.1. Other Cost Considerations
10.13. World's First Cultured Meat Facility in Israel
10.14. Proliferation of Cultured Meat Nonprofits

11. STARTUP LANDSCAPE

11.1. Complete List of Cultured Meat Startups
11.2. New Startups Focusing on Enabling Technologies
11.3. Startups Specializing in the Development of Growth Factors

12. REGULATORY LANDSCAPE

12.1. Australia-New Zealand
12.2. Canada
12.3. United States
12.4. European Union
12.5. United Kingdom
12.6. Singapore
12.7. Japan

13. CULTURED MEAT MARKET: MARKET SIZE, TRENDS, AND FUTURE PROJECTIONS

13.1. Global Market for Conventional Meat by Type
13.2. Changing Landscape of Global Meat Market
13.4. Global Market for Cultured Meat by Geography, with Forecasts through 2032
13.5. Global Market for Cultured Meat by Type, with Forecasts through 2032

14. CULTURED MEAT MARKET: COMPANY PROFILES

14.1. 3D Bio-Tissues Ltd.
14.2. Agulos Biotech, LLC
14.3. Aleph Farms
- 14.3.1. Commercial Production: BioFarm
- 14.3.2. Partnership with BRF S.A
- 14.3.3. Aleph's Series B Funding
14.4. Alife Foods
14.5. Ants Innovate
14.6. Artemys Foods
14.7. ArtMeat
14.8. Avant Meats Company Limited
- 14.8.1. Collaboration with QuaCell
- 14.8.2. Collaboration with A*STAR
- 14.8.3. Funding from Major Sea Food Company VHC
14.9. Back of the Yard Algae Sciences
14.10. Balletic Foods
14.11. Because Animals
- 14.11.1. Seed Stage Financial Round
14.12. Bene Meat Technologies AS
14.13. B.I.F.E. Laboratorios-Craveri
- 14.13.1. First B.I.F.E Tasting
14.14. Biftek, Inc.
14.15. BioBQ
14.16. BioFood Systems
14.17. BIOMILQ
- 14.17.1. Backing from Bill Gate's Investment Firm
14.18. BioMilk, Ltd.
- 14.18.1. Coco Cola's Investment in Biomilk, Ltd.
14.19. BioTech Foods
- 14.19.1. BioTech Foods to Lead $6.3 Million Cultured Meat Project
14.20. BlueNalu, Inc.
- 14.20.1. Partnership with Nutreco
- 14.20.2. Collaboration with Nomad Foods
- 14.20.3. MoU with Mitsubishi
- 14.20.4. $60 Million Debt Financing
- 14.20.5. MoU with Pulmuone
14.21. Blue Ridge Bantam
14.22. Bluu Biosciences
- 14.22.1. Investment from DX Ventures
14.23. Boston Meats, Inc.
- 14.23.1. Boston Meats raised $1.5 Million in Equity
14.24. Bruno Cell SRL
14.25. Cass Materials Pty Ltd.
14.26. CELL AG TECH
14.27. Cell Guidance Systems Ltd.
14.28. CELLINK
- 14.28.1. Collaboration with UPM Biomedicals
14.29. Cellivate Technologies
14.30. CellMEAT
- 14.30.1. Pre-Series A Round of Funding
14.31. Celltainer Biotech BV
14.32. Cellular Agriculture, Ltd.
- 14.32.1. Collaboration with Naturbeads
14.33. CellulaREvolution
14.34. CellX
14.35. Clear Meat Private Limited
14.36. Core Biogenesis
- 14.36.1. $3.1 Million to Scale Growth Factors
14.37. Cubiq Foods
- 14.37.1. Raises $5.5 Million in a Funding Round
14.38. Cultured Blood
14.39. Cultured Decadence
- 14.39.1. $1.6 Million Pre-Seed Financing
14.40. DaNAgreen Co., Ltd.
14.41. Defined Bioscience, Inc.
14.42. Dipole Materials
14.43. Diverse Farms
14.44. East Just, Inc.
- 14.44.1. Good Meat Division of Eat Just Secured $170 Million
- 14.44.2. Additional $97 Funding for Good Meat Division
- 14.44.3. First-Ever Cultured Meat Facility Planned in MEENA Region
14.45. Finless Foods, Inc.
- 14.45.1. Finless Raised $3.5 Million Seed Round
14.46. Fork & Goode
14.47. Future Fields
14.48. Future Meat Technologies
- 14.48.1. $26.76 Million in Funding Raised by Future Meat
- 14.48.2. Future Meat's Partnership with Nestle
14.49. Gelatex Technologies, Ltd.
14.50. HCS Pharma
14.51. Heuros
14.52. HigherSteaks
14.53. Hoxton Farms
- 14.53.1. Hoston Raised $3.75 Million in Seed Funding
14.54. Incuvers
14.55. Innocent Meat UG
14.56. IntegriCulture, Inc.
- 14.56.1. Series A Fund Raising
- 14.56.2. Collaboration with Shiok Meats
- 14.56.3. Grant Award of $2.2 Million
14.57. Jellatech
- 14.57.1. Pre-Seed Round of $2 Million
14.58. JOINN Biologics
- 14.58.1. $150 Million Series B Round
14.59. KosmodeHealth
14.60. Lab Farm Foods
14.61. Luyef Biotechnologies
14.62. MagicCavier
14.63. Magic Valley, Pty, Ltd.
14.64. Matrix Meats
- 14.64.1. Seed Fund
14.65. Meatable
- 14.65.1. Joint Development Agreement
14.66. MeaTech 3D Ltd.
14.67. Metalytics, Inc.
14.68. Mirai Foods AG
- 14.68.1. Mirai's Second Close of Seed Round
14.69. Mission Barns
- 14.69.1. Series A to Scale Up
14.70. Mogale Meat Co.
- 14.70.1. Mogale's BioBank
- 14.70.2. Investment by CULT Food Science Corporation
14.71. Mosa Meat
- 14.71.1. Series B Investment Round
14.72. Multus Media
- 14.72.1. Proliferum M
- 14.72.2. $2.2 Million Seed Round of Funding
14.73. MyoWorks, Pvt. Ltd.
14.74. Mzansi Meat, Co.
14.75. New Age Meats
14.76. Novel Farms, Inc.
14.77. NUProtein Co., Ltd.
14.78. Orbillion Bio
- 14.78.1. $5 Million Raised to Culture Uncommon Meats
14.79. ORF Genetics Ltd.
14.80. Ospin Modular Bioprocessing
14.81. Peace of Meat
- 14.81.1. Meat-Tech 3D Ltd. to Acquire Peace of Meat
14.82. Perfect Day Foods
- 18.82.1. $350 Million Series D Funding
- 14.82.2. Collaboration with A*STAR
14.83. Roslin Technologies Ltd.
14.84. Shiok Meats
- 14.84.1. Acquisition of Gaia Foods
- 14.84.2. Bridge Funding from NoTable Investors
- 14.84.3. Shiok Meats' Partnering with IntegriCulture
- 14.84.4. $12.6 Million Series A Funding
14.85. SingCell Tx Pte. Ltd
14.86. SunP Biotech
14.87. SuperMeat
14.88. Tantti Laboratory, Inc.
14.89. TeOra
14.90. Tiamat Sciences
14.91. TissueByNET Co., Ltd.
14.92. TurtleTree Labs
14.93. Umami Meats
14.94. Unicorn Biotechnologies
14.95. Upside Foods, Inc.
- 14.95.1. Upside Chicken
14.96. Vivax Bio
- 14.96.1. Bioprinter FABION 2
- 14.96.2. Viscoll Collagen
14.97. Vow
14.98. Wildtype
14.99. White Board Foods

LIST OF FIGURES

Figure 2.1: Nomenclature Usage among Startups
Figure 3.1: Protein Conversion Efficiency of Cultured Meat
Figure 3.2: Comparison of Environmental Impacts of Cultured Meat with other Meats
Figure 5.1: Main Production Process of Cultured Meat
Figure 5.2: Cultured Meat to the Market: Possible Scenario
Figure 6.1: Estimated Cost per Liter of Medium for Each Cost Reduction Scenario
Figure 7.1: Number of PubMed Publications on Cultured Meat by Year
Figure 7.2: Major Keywords used in Scientific Literature
Figure 8.1: Patent Applications for Scaffolds
Figure 9.1: Total Capital Invested in Cultured Meat Industry by Year
Figure 9.2: Capital Invested by Type of Cultured Meat by Year
Figure 9.3: Top Ten Companies Regarding the Capital Investment
Figure 10.1: Global Presence of Cultured Meat Companies by Geography
Figure 10.2: JUST's Cultured Chicken Nugget
Figure 10.3: Memphis Meat's Deep Fried Cultured Chicken Tender
Figure 10.4: Memphis Meats' Cultured Beef Meat Ball
Figure 10.5: Cultured Pork Belly and Bacon from Higher Steaks
Figure 10.6: Cultured Pork Sausage by New Age Meats
Figure 10.7: Percent Share of Companies by Product Type
Figure 10.8: Aleph Farms' Cooked Cultured Steak
Figure 10.9: Israeli PM Tasting Aleph Farm's Cultured Steak
Figure 10.10: SuperMeat's "The Chicken," a Hybrid Restaurant Concept and Pilot Plant
Figure 10.11: Lab Farm Foods' Cultured Chicken Nuggets and Pork Liver Pate
Figure 10.12: Avant Meats' Cultured Fish Fillets
Figure 10.13: Wildtype's Cultured Sushi-Grade Salmon
Figure 10.14: Shiok Meats' Cultured Lobster Meat
Figure 10.15: Location of Large-Scale Manufacturing Facilities by Geography
Figure 10.16: Percent Share of Scaffold Types gaining Focus
Figure 10.17: Future Meat's Cultured Meat Facility at Rehovot
Figure 13.1: Global Consumption of Meat by Type, 1990-2030
Figure 13.2: Global Market for Conventional Meat by Type, 2000-2030
Figure 13.3: Changing Landscape of Global Meat Market
Figure 13.4: Global Cultured Meat Market by Geography, with Forecasts through 2032
Figure 13.5: Global Market for Cultured Meat by Meat Type, with Forecasts through 2032
Figure 14.1: Schematic of MeaTech's 3D Bioprinting of Cultured Meat

LIST OF TABLES

Table 3.1: Comparison of Traditional Meat Production and Cultured Meat Production
Table 5.1: Cultured Meat Production Processes and Challenges
Table 5.2: Major Cultured Meat-Related Startups
Table 5.3: Emerging Applications for Cultured Meat Technology
Table 6.1: Cost of Ingredients in Pharmaceutical Grade Essential 8 Medium
Table 6.2: Cost of Ingredients within DMEM/F12 Basal Medium for a 20,000 Liter Batch
Table 6.3: Projected Cost and Fold Reduction under Scenarios A through G
Table 7.1: Select Four Research Projects on Cultured Meat
Table 7.2: Cultured Meat Research Lab Database
Table 7.3: Funding Opportunities for Research on Cultured Meat
Table 7.4: Collaborative Researchers in Cultured Meat Sector
Table 8.1: Number of Granted and Pending Patents/Applications by Company
Table 8.2: Types of Patent Claims
Table 9.1: Top Ten Companies Regarding Capital Investment
Table 9.1: Cultured Meat Companies by Size of Investments
Table 9.2: Companies Funded by Agronomics
Table 9.3: Public Sector Investments in Cultured Meat Sector
Table 9.4: Global Investments into the Cultured Meat Sector
Table 9.5: Complete List of Venture Investments into the Cultured Meat Sector
Table 9.6: Most Active Investors in Cultured Meat Industry
Table 10.1: Cultured Meat Products under Development
Table 10.2: Share of Cultured Meat Companies by Product Type
Table 10.3: Landmark Events in the Cultured Meat Industry
Table 10.4: Leading Edge of Cultured Meat Production
Table 10.5: Members of International Cellular Agriculture Nonprofit Consortium
Table 11.1: Complete List of Cultured Meat Startups
Table 11.2: New Entrants into Cultured Meat Industry by Product Type
Table 11.3: Startups Specializing in Growth Factors
Table 13.1: Global Market for Cultured Meat by Geography, with Projections through 2032
Table 13.2: Global Market for Cultured Meat by Type, with Projections through 2032