Cultured Meat Market by Source, Usage, End User

List of Tables

[190 Pages Report] The Cultured Meat Market size was estimated at USD 198.99 million in 2023 and expected to reach USD 224.49 million in 2024, at a CAGR 12.90% to reach USD 465.38 million by 2030.

The cultured meat industry is a sector of the global food market that focuses on the production of animal-derived products through scientific and cell-culturing processes. Also known as lab-grown, synthesized, or in-vitro meat, these products offer an alternative to traditional meat product sources, especially in the context of sustainability and environmental conservation. Uniquely, cultured meat has the potential to significantly reduce environmental impacts associated with conventional livestock farming, paving the way for a more sustainable future in food production. The cultured meat market has several influencing growth factors, which include rising demand for alternative proteins globally and increasing emphasis on animal welfare and environmental awareness. Ongoing developments in the field of cellular agriculture support this upward growth of the market. However, the cultured meat market faces challenges and limitations, such as the high set-up costs of cultured meat production. Additionally, the market faces regulatory hurdles globally, as considerable variation exists in legal frameworks governing engineered food products. Public perception and acceptance of cultured meat as a viable alternative to conventionally sourced products also present a significant challenge, requiring extensive education and marketing efforts. On the other hand, potential opportunities within the cultured market are vast owing to increasing new product launches with diversity in meat types and growing government support for promoting environmental sustainability in meat production. As the market evolves, technological innovations in scaling production and reducing costs represent promising opportunities for companies.

KEY MARKET STATISTICS
Base Year [2023]	USD 198.99 million
Estimated Year [2024]	USD 224.49 million
Forecast Year [2030]	USD 465.38 million
CAGR (%)	12.90%

Source: Rising demand for cultured chicken among consumers

Laboratory-grown or cultured beef is proof of scientific advancements in creating slaughter-free meat. The primary consumers of cultured beef seek to lower their environmental impact and uphold animal rights without compromising their eating experience. Given the massive global consumption of chicken, producing lab-grown chicken meat has been a notable development in cultured meat technology. Consumers prefer it for its supposed lesser environmental impact and as a probable solution to antibiotic and bacterial issues in conventional poultry farming. Cultured duck meat is gaining traction, especially in areas where duck meat is a principal part of traditional cuisine. Deciding to choose it often stems from ethical reasons and health concerns. Cultured pork caters to a vast consumer base, especially in areas where religious customs dismiss conventional pork consumption. Beyond ethical and environmental reasons, it's a new way to satisfy culinary preferences without attached restrictions. With the increasing concerns about overfishing and ocean health, lab-grown seafood has emerged as a viable alternative. Consumers prefer it as a sustainable solution to meet the growing demand for seafood. While each type has its unique consumer preference, cultured chicken and beef lead in demand due to their sizable share in global meat consumption.

Usage: Increasing adoption of cultured meat in hot dogs

The most prolific cultured meat products, plant-based and lab-grown cultured burgers, are revolutionizing the fast food and home cooking markets. These products cater to environmentally conscious customers who enjoy the rich flavors of traditional burgers but opt for options that reduce greenhouse gas emissions and land use. Hot Dogs, a staple of American barbecues, are witnessing an innovative transformation with the introduction of cultured meat as it significantly reduces antibiotics and harmful bacteria compared to traditional ones, promising safer and healthier alternatives for consumers. Meatballs made from cultured meat are another major consideration for manufacturers and consumers with fewer antibiotics and considerably lower carbon footprints. The nugget segment of cultured meat products, a particular favorite among children, is receiving attention from major manufacturers, evidencing a significant shift in consumer preferences. Sausages are another food product currently undergoing a potential transformation through cultured meat as it offers better taste and nutritional value than real ones, without the significant environmental and health downsides that the conventional meat industry.

End User: Growing usage of cultured meat in households as sustainable alternative to conventional meat

The growth potential of cultured meat within the hotel and restaurant sector is substantial. In a more health-conscious and sustainability-driven society, diners' preference for alternative proteins is rising. Manufacturers of cultured meat are revolutionizing the food industry with their innovative lab-grown meat products, offering a sustainable and ethical option to traditional meat sourcing. Cultured meat in households represents a rapidly growing market as consumers turn to eco-friendly and humane alternatives to conventional meat. The growing need for cultured meat in households centers around environmental consciousness, dietary restrictions, and ethical concerns. An increasing interest in home cooking and the adoption of plant-based diets are also contributors to the rise in this market; for hotels and restaurants, serving cultured meat positions them as innovative, eco-conscious, and receptive to the evolving dietary preferences of customers. An opportunity for premium pricing exists based on cultured meat's novelty and sustainable positioning. For households, cultured meat presents an ethical and sustainable alternative to conventional meat, catering to health-conscious consumers and those following specific dietary restrictions.

Regional Insights

The cultured meat industry in the United States has witnessed a significant shift, marked by a surge in consumer interest and investment. Manufacturers from the U.S. have been leading in novel research and securing critical patents. Canada's regulatory framework, headed by the Canadian Food Inspection Agency (CFIA) and Health Canada, provides a conducive environment for cultured meat companies. The regulatory bodies ensure that lab-grown meat products capitulate with the Food and Drugs Act and meet the requisite safety and quality parameters. The European Union has demonstrated a strong commitment to embracing sustainable and innovative food technologies, with cultured meat being considered a pioneer among them. In France, regulatory frameworks are being sculpted to steer the evolution of cultured meat. Paris, in particular, has emerged as a hub for alternative protein startups. The combination of favorable government policies and pioneering vendors has contributed to France's prominent position in the discourse on cultured meat. In the Middle East and Africa, cultured meat technology is yet to make substantial inroads. However, with ongoing initiatives aimed at improving food security and sustainability, the MEA region presents an untapped potential for growth and innovation in this sector.

Additionally, consumers in the MEA region are showing an increasing openness to incorporating cultured meat products into their diets due to animal welfare and food security concerns. In APAC, India presents a unique scenario with a significant proportion of the population being vegetarian. However, with an intensified focus on protein inclusivity and environmental sustainability, cultured meat has gained traction amongst Indian consumers. Furthermore, in China, the government's drive towards food security and sustainability bolsters the emerging market for lab-grown meat. However, consumer acceptance of artificial meat remains a crucial challenge. Japan's demographic challenges with an aging population have accelerated the demand for healthier, sustainable food options. With a sophisticated technological infrastructure and strong government support, Japan has strengthened its cultured meat market position.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Cultured Meat Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Cultured Meat Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Cultured Meat Market, highlighting leading vendors and their innovative profiles. These include Aleph Farms, Avant Meats Company Limited, Believer Meats, BioFood Systems Ltd., BlueNalu, Inc., Bond Pet Foods, Inc., ClearMeat, CUBIQ FOODS S.L., CULT Food Science Corp, Eat Just Inc., Finless Foods, Inc., Future Meat Technologies Ltd., Heuros, Integri Culture Inc., JBS S.A., Meatable B.V., MeaTech 3D Ltd., Mosa Meat, New Age Eats, Orbillion Bio, Shiok Meats Pte Ltd, Steakholder Foods, Supermeat The Essence of Meat Ltd., Upside Foods, Inc., and WildType.

Market Segmentation & Coverage

This research report categorizes the Cultured Meat Market to forecast the revenues and analyze trends in each of the following sub-markets:

Source
- Beef
- Chicken
- Duck
- Pork
- Seafood

Usage
- Burgers
- Hot Dogs
- Meatballs
- Nuggets
- Sausages

End User
- Hotels & Restaurants
- Households

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Cultured Meat Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Cultured Meat Market?

3. What are the technology trends and regulatory frameworks in the Cultured Meat Market?

4. What is the market share of the leading vendors in the Cultured Meat Market?

5. Which modes and strategic moves are suitable for entering the Cultured Meat Market?

Product Code: MRR-431752EA4A50

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising demand for alternative proteins globally
  - 5.1.1.2. Increasing emphasis on animal welfare and environmental awareness
  - 5.1.1.3. Ongoing developments in the field of cellular agriculture
- 5.1.2. Restraints
  - 5.1.2.1. High set-up costs of cultured meat production
- 5.1.3. Opportunities
  - 5.1.3.1. Increasing new product launches with diversity in meat types
  - 5.1.3.2. Growing government support for promoting environmental sustainability in meat production
- 5.1.4. Challenges
  - 5.1.4.1. Concerns associated with stringent regulatory requirements
5.2. Market Segmentation Analysis
- 5.2.1. Source: Rising demand for cultured chicken among consumers
- 5.2.2. Usage: Increasing adoption of cultured meat in hot dogs
- 5.2.3. End User: Growing usage of cultured meat in households as sustainable alternative to conventional meat
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Cultured Meat Market, by Source

6.1. Introduction
6.2. Beef
6.3. Chicken
6.4. Duck
6.5. Pork
6.6. Seafood

7. Cultured Meat Market, by Usage

7.1. Introduction
7.2. Burgers
7.3. Hot Dogs
7.4. Meatballs
7.5. Nuggets
7.6. Sausages

8. Cultured Meat Market, by End User

8.1. Introduction
8.2. Hotels & Restaurants
8.3. Households

9. Americas Cultured Meat Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Cultured Meat Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Cultured Meat Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. JBS begins work on lab-grown meat center in Brazil
- 12.3.2. Steakholder Foods Receives Grant of up to USD 1 million for Collaboration with Umami Meats to 3D Bio-Print Structured Cultivated Fish Products
- 12.3.3. UPSIDE Foods Acquires Cultivated Seafood Company Cultured Decadence
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio