Cultured Meat Market by Source (Beef, Chicken, Duck), Usage (Burgers, Hot Dogs, Meatballs), End User - Global Forecast 2024-2030

Cultured Meat Market by Source (Beef, Chicken, Duck), Usage (Burgers, Hot Dogs, Meatballs), End User - Global Forecast 2024-2030

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.

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.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Cultured Meat Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Rising demand for alternative proteins globally
Increasing emphasis on animal welfare and environmental awareness
Ongoing developments in the field of cellular agriculture

Market Restraints

High set-up costs of cultured meat production

Market Opportunities

Increasing new product launches with diversity in meat types
Growing government support for promoting environmental sustainability in meat production

Market Challenges

Concerns associated with stringent regulatory requirements

Market Segmentation Analysis

Source: Rising demand for cultured chicken among consumers
Usage: Increasing adoption of cultured meat in hot dogs
End User: Growing usage of cultured meat in households as sustainable alternative to conventional meat

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Cultured Meat Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment 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, namely 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 assessment of the current state of vendors in the Cultured Meat Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. 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 these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

JBS begins work on lab-grown meat center in Brazil

JBS S.A. embarked on the construction of the JBS Biotech Innovation Center, a state-of-the-art research facility in Brazil dedicated to the production of cell-based meat. With an investment of USD 62 million, this center prioritizes the enhancement of efficiency, scalability, and cost-effectiveness in lab-grown meat production.

Steakholder Foods Receives Grant of up to USD 1 million for Collaboration with Umami Meats to 3D Bio-Print Structured Cultivated Fish Products

Steakholder Foods received its first grant from the Singapore Israel Industrial R&D Foundation. The grant aims to support the development of 3D-printed structured eel and grouper products in collaboration with Umami Meats. This collaboration presents a unique opportunity for market entry in the only country with regulatory approval for cultivated meat.

UPSIDE Foods Acquires Cultivated Seafood Company Cultured Decadence

UPSIDE Foods acquired Cultured Decadence, a cultivated seafood company based in Madison, Wisconsin. This acquisition marks an important milestone for UPSIDE as it expands its product portfolio and accelerates the commercialization of a wide range of seafood products grown from animal cells.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Cultured Meat Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

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

Please Note: PDF & Excel + Online Access - 1 Year