Cultured Meat Market Size, Share & Trends Analysis Report By Source (Beef, Poultry, Seafood, Duck, Pork), By End Use (Burgers, Nuggets, Meatballs, Hot Dogs, Sausages), By Region, And Segment Forecasts, 2022 - 2028

Report Overview

The global cultured meat market size was valued at USD 163.6 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11.4% from 2022 to 2028. The market is anticipated to be driven by the growing preference of consumers to adopt a protein-rich diet. Moreover, the increasing reliance on omega-3 fatty acids to accomplish the demand for essential nutrients is expected to contribute to the market growth over the forecast period. The growing preference for pork-based in-vitro meat to fulfill the demand for vitamins and nutrients will fuel the industry growth.

Moreover, the rising concerns regarding food safety in the consumer goods sector are anticipated to boost the growth of the market. In the COVID-19 pandemic, the demand for in-vitro meat slightly increased due to the growing demand for healthy food. In-vitro meat gained immense traction during the COVID-19 era to scale up the healthy diet. The rising concerns among consumers to boost immunity and adopt nutritious ingredients in meals are propelling the market growth.

The rising demand to procure nutritional ingredients in developing countries is expected to open up growth opportunities for the market. Numerous other aspects that are likely to drive the global cultured meat industry comprise improvements in cellular agriculture and the increasing inclination toward animal welfare as well as environmental sustainability. However, stringent government rules and regulations and consumer skepticism toward in-vitro meat are affecting the market growth. At present, key players in the market are focusing on slaughter-free production of meat. Hence, the market is expected to witness significant growth during the forecast period.

Cultured meat is a kind of lab-grown meat manufactured using several practices of tissue engineering approaches in a culture medium. Cultured meat is also known as clean meat, in vitro meat, and synthetic meat. The manufacturing of cultured meat is complete by gathering cells from an animal and growing them in a developed and favorable culture medium. There are vast benefits associated with the consumption and manufacturing of cultured meat including zero animal cruelty, less deforestation, and relatively low usage of antibiotics, water, land, and other resources. 

Cultured beef is manufactured through animal muscle cell gathering, followed by nourishing the cells for the formation of muscle tissue. The usage of cultured beef needs 99% less space as compared to present livestock farming techniques. A rise in disposable income and the growing middle-class expenditure, particularly in developing countries, would offer growth opportunities. As per the Food and Agriculture Organization, the world demand is anticipated to surge by more than 66% by 2060, which will boost the need for cultured meat due to its minimum greenhouse gas releases and other environmental effects. 

The rising investment by the U.S.-based prominent players, such as Bluenalu, Inc. and Fork & Goode, coupled with the increasing demand for ground beef burgers from the U.S. and Canada, will further fuel the industry growth. The major players in the market are procuring cell-cultured seafood with a natural taste of meat. These sea-based in-vitro meat products are highly preferred in the U.S.to maintain health. Some companies such as Mosa Meat and Memphis Meats are involved in the certification procedure.

Source Insights 

The poultry segment held the largest revenue share of over 35.0% in 2021. This is attributed to the ease of availability and the lower cost of poultry products. Poultry products are improving the human immunity system. The rising health concerns among consumers and the affordable cost of poultry-based products are further fueling the segment growth. 

The pork segment will witness the highest growth over the forecast period due to its growing demand. This can be attributed to the superior taste and high nutritional value. Cultured beef is a great source of L-carnitine. The growth of the segment is due to the increasing concerns over food safety among consumers. Beef meat is eliminating the toxic content and fulfilling the demand for nutritious food. 

End-use Insights

Burgers held the largest revenue share of more than 40.0% in 2021. This is owing to the growing consumer need for the usage of clean meat in foodstuffs, such as burgers. The rising popularity of hamburgers in the U.S. is anticipated to boost the segment growth. The rising acceptance of high-protein burgers in the U.S. and Canada is fueling the industry demand. Cultured meat burgers are the top substitutes for traditional meat burgers due to their less environmental impact as well as ethical issues.

Meatballs are projected to witness the fastest growth during the forecast period. Growing investment from the private firms to develop tissue-based meatballs and the rising demand for meatballs in retail stores and fast-food centers are projected to foster the segment growth in the forthcoming years. The rising consumption of processed meat, the large buying of packaged meatball foodstuffs, and the growing preference for slaughter-free treated meat foodstuffs are expected to increase the acceptance of cultured meat all over the world. 

Regional Insights

North America held the largest revenue share of over 35.0% in 2021 due to the increasing demand for in-vitro meat in the U.S. and Canada. Steadily growing consumption of meat as well as meat products, combined with the associated nutritional benefits, is likely to support the regional market growth. At present, the U.S.-based key players are focusing on creating strategic partnerships in order to attract a large consumer base. Hence, the market is expected to witness significant growth during the forecast period. 

Asia Pacific is expected to register the highest CAGR of 12.1% from 2022 to 2028. This can be attributed to the increasing demand for poultry products in emerging economies, such as China and India. The growing health concerns in Japan to maintain a sustainable healthy diet are driving the market. In December 2020, the Singapore Food Agency approved the sale of lab-grown meat products for meat consumers. The U.S.-based company, Eat Just is providing cultured chicken for the meat consumers of Singapore. The growing adoption of in-vitro meat to beat zoonotic diseases will drive the regional market.

Key Companies & Market Share Insights

Companies are mainly focusing on adopting new technologies such as three-dimensional printing technology for customizable slaughter-free meat production. However, implementing sustainability has its unique challenges and limitations. The key players are focusing on maintaining the fat content and the ratio of unsaturated fatty acids. Multiple companies are targeting to reduce the prices of cultured meat products.

The key players are adopting business expansion techniques for the R&D. The companies are trying to maintain the natural taste of the in-vitro meat products. For instance, in September 2021, Nomad Foods Limited, a U.K.-based frozen fish corporation, combined forces with the U.S. seafood cell-cultured business BlueNalu on a project, which is anticipated to lead to the introduction of cell-based products in Europe. Some prominent players in the global cultured meat market include:

• Aleph Farms Ltd. 

• Avant Meats Company Limited 

• Balletic Foods 

• Bluenalu, Inc. 

• Biofood Systems LTD. 

• Finless Foods Inc. 

• Fork & Goode 

• Future Meat Technologies Ltd. 

• Higher Steaks 

• Integriculture Inc. 

• Lab Farm Foods 

• Meatable 

• Memphis Meats 

• Mission Barns 

• Mosa Meat 

• New Age Meats 

• Shiok Meats 

• Supermeat 

• Wild Type 

Cultured Meat Market Report Scope

Segments Covered in the Report 

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global cultured meat market report on the basis of source, end-use, and region:

• Source Outlook (Revenue, USD Million, 2017 - 2028)

  • Poultry

  • Beef

  • Seafood

  • Pork

  • Duck

• End-use Outlook (Revenue, USD Million, 2017 - 2028)

  • Nuggets

  • Burgers

  • Meatballs

  • Sausages

  • Hot Dogs

• Regional Outlook (Revenue, USD Million, 2017 - 2028)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • U.K.

    • Germany

    • France

    • Russia

    • Italy

    • Rest of Europe

  • Asia Pacific

    • Japan

    • China

    • India

    • Rest of Asia Pacific

  • Central & South America

    • Brazil

    • Argentina

    • Rest of Central & South America

  • Middle East & Africa

    • Saudi Arabia

    • South Africa

    • Rest of Middle East & Africa