Cultured Meat Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2023-2032

The global cultured meat market was valued at USD 0.32 million in 2022 and is expected to expand at a remarkable CAGR of 342.5% from 2023 to 2032. The rapid growth in meat production over the past few years can be attributed to increasing global population levels and rising disposable incomes. According to the OECD, global meat production, including pork, poultry, and beef, reached approximately 340 million tons in 2021.

However, the expansion of industrialized agriculture has placed significant pressure on traditional animal farming methods while also contributing to higher greenhouse gas and carbon emissions. These environmental challenges have driven the demand for alternative protein sources, such as plant-based and cell-based meat products. This shift in consumer preferences has created a favorable environment for the cultured meat market to thrive. The growing awareness of sustainability and ethical food production practices further supports the adoption of lab-grown meat products. As a result, the cultured meat industry is poised for substantial growth during the forecast period, with increasing investments and technological advancements accelerating its development.

The poultry segment within the cultured meat market is projected to reach USD 1.9 billion by 2032, driven by rising poultry consumption and imports. The USDA estimates that global poultry imports could reach 17.5 million metric tons by 2031. Additionally, the growing consumer preference for animal-friendly and sustainable food options is expected to further boost the demand for cultured poultry products over the coming years.

In terms of end-users, the burger segment is anticipated to grow at a CAGR of 277.9% during the forecast period. This growth is fueled by the increasing popularity of alternative protein-based food products, such as plant-based and synthetic meat burgers. Environmental concerns associated with traditional livestock farming practices are also expected to play a significant role in driving the adoption of cultured meat within this segment.

The cultured meat market in Europe is forecasted to grow at an impressive CAGR of 175%, reaching a valuation of USD 3.4 billion by 2032. This growth is primarily attributed to rising health consciousness among consumers and the increasing demand for alternative protein products, which are recognized for their high nutritional value. Furthermore, the growing popularity of environmentally sustainable food options and the shift towards meat alternatives are expected to significantly contribute to the expansion of the cultured meat market in the region. These factors collectively position Europe as a key growth area for the cultured meat industry during the forecast period.