Cultured Meat Industry Overview

 

The global cultured meat market size was valued at USD 246.9 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 51.6% from 2023 to 2030. The growing technological advancements in the alternative proteins space are driving a shift toward sustainable food systems globally. Meat substitutes and alternative proteins are gaining global attention with the growing need to overcome meat shortages against the growing population and environmental impact. The awareness of environmental sustainability and rising focus on securing meat supply are among the factors responsible for the growth of the cultured meat industry globally.

 

Gather more insights about the market drivers, restrains and growth of the Cultured Meat Market

 

There was an increased demand for bioreactors from the pharmaceutical industry for COVID-19 vaccine production. This resulted in delayed lead times for bioreactors. However, the cultivated meat industry observed huge growth post-2020. 2021 was a key year for the cultivated meat industry, marking various technological advancements, product launches, increased investments, and funding.

 

The growing vegan population and consumer sentiment toward animal welfare are factors projected to contribute to the growth of cultured meat. Although the market is at its nascent stage, research & development are underway for the production of cultured meat on a large scale. Major market participants are focused on obtaining regulatory approvals for commercializing cultured meat products.

 

The increased federal funding toward cellular agriculture in developed countries such as the U.S. will provide opportunities for growth in demand for cultivated meat in the country. The support from regulatory bodies and governments in certain countries to push investment and funding toward the cultured meat sector will be significant to the approval and commercialization of cultivated meat.

 

Factors including funds raised by key players, growing meat demand, innovative product launches, and awareness for environmental protection put together are projected to massively change the outlook of the meat industry and the way meat is manufactured. However, persistent technical challenges in manufacturing, the requirement of skilled labor & scientific expertise, and regulatory requirements related to labeling of cultured meat will remain some of the market challenges during the forecast period.

 

The growing demand for proteins along with a fast-growing population has resulted in an increasing need for technological developments to cater to the global protein demand in the upcoming decade. The growing population coupled with increased meat demand will drive changes in the technological landscape to reduce the shortage of meat supply globally.

 

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  • The global vanilla extract market size was estimated at USD 5.53 billion in 2023 and is expected to grow at a CAGR of 4.9% from 2024 to 2030.
  • The global meat stabilizers blend market size was valued at USD 1.99 billion in 2018. The rising importance of stabilizing agents for improving the texture and smoothness of the finished goods is expected to drive the growth.

 

Cultured Meat Market Segmentation

 

Grand View Research has segmented the global cultured meat market based on source, end-use, and region:

 

Cultured Meat Source Outlook (Revenue, USD Million, 2017 - 2030)

  • Poultry
  • Beef
  • Seafood
  • Pork
  • Duck

 

Cultured Meat End-use Outlook (Revenue, USD Million, 2017 - 2030)

  • Nuggets
  • Burgers
  • Meatballs
  • Sausages
  • Hot Dogs

 

Cultured Meat Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • France
    • Russia
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
  • Central & South America
    • Brazil
    • Argentina
  • Middle East & Africa (MEA)
    • South Africa
    • Saudi Arabia

 

Key Companies profiled:

 

  • Aleph Farms
  • Avant Meats Company Limited
  • Biftek INC
  • Mosa Meat
  • BlueNalu, Inc.
  • BioFood Systems Ltd
  • WildType
  • New Age Eats
  • Shiok Meats Pte Ltd
  • SuperMeat
  • Meatable
  • Finless Foods, Inc
  • Fork & Good, Inc.
  • Future Meat Technologies Ltd
  • UPSIDE Foods
  • Mission Barns

 

Key Cultured Meat Company Insights

 

The market is characterized by the presence of various startups and emerging companies. Companies have been implementing various strategies such as mergers & acquisitions, expansion of production facilities, investing in research and development, and new product launches to gain a competitive advantage.

 

  • Avant Meats Company Limited announced its series A funding of around USD 10.8 million by S2G Ventures, a direct investment arm of an impact platform company, Builders Vision. This helped the company commercialize marine protein and cultivated fish, scale up production, and sell high-quality products to consumers
  • Mosa Meat and Nutreco announced the European REACT-EU recovery assistance program awards their joint ‘Feed for Meat’ project with a grant of almost USD 2.17 million to advance cellular agriculture and bring cultivated beef to the EU market. The program will fund R&D to specifically address the ‘basa’ or base media in which the beef cells grow.

 

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