Report Overview
The size of the world market for cultured meat was estimated at USD 246.9 million in 2022, and it is anticipated to rise at a CAGR of 51.6% from 2023 to 2030. An international shift towards sustainable food systems is being sparked by the expanding technological developments in the field of alternative proteins. As the world’s population and environmental impact continue to rise, there is an increasing need to find meat alternatives and other proteins. One of the reasons for the global expansion of the cultured meat business is the growing focus on guaranteeing the meat supply and environmental sustainability.
The COVID-19 outbreak and the ensuing lockdowns impacted supply chains all across the world. The production of farmed meat was also impacted by the extensive supply chain disruption. Trade constraints caused a delay in the equipment purchase. The grown meat industry relies on bioreactors, which offer a suitable environment for the growth of animal cells.
The pharmaceutical industry saw an upsurge in demand for bioreactors due to the development of the COVID-19 vaccine. As a result, bioreactor lead times were prolonged. However, after 2020, the sector for farmed meat experienced tremendous expansion. The year 2021 saw significant developments in technology, the introduction of new products, as well as increasing finance and investment.
According to projections, variables that will contribute to the spread of cultured meat include the rising number of vegans and consumer attitudes towards animal welfare. Though the market is still in its infancy, research and development are being done to enable the mass manufacturing of cultured meat. The main market players are concentrating on getting regulatory permits for marketing cultured meat products.
In wealthy nations like the U.S., more federal investment for cellular agriculture will open up prospects for the demand for farm-raised beef to rise. The licencing and commercialization of cultivated meat will be significantly impacted by the backing of regulatory agencies and governments in some countries to encourage investment and money towards the sector of cultured meat.
The outlook of the meat business and the method meat is produced are expected to undergo significant change as a result of a number of factors, including money raised by influential players, rising meat demand, the introduction of novel products, and environmental protection awareness. Nevertheless, during the projection period, the market will continue to face hurdles from enduring technical manufacturing issues, the need for qualified personnel and scientific expertise, and legislative constraints related to the labelling of cultured meat.
A fast-growing population and rising protein consumption have made technological advancements more necessary than ever in order to meet the world’s protein needs in the following ten years. The global shortfall of meat supply will be lessened by changes in the technical environment brought on by the expanding population and rising meat demand.
Source Insights
Poultry dominated the market in terms of revenue in 2022, holding a share of over 39%. For the past 50 years, chicken consumption has increased throughout North America. In the United States, about 8 billion chickens are killed each year for consumption, making it the most popular meat. Every year, more than 50 billion chickens are raised throughout the world. The expansion of the poultry industry is being aided by the increase in startups and new market players who are investing in cellular agriculture technology to create goods made from chicken.
The CAGR for pork is anticipated to be 52.6% between 2023 and 2030. One of the most common meats consumed worldwide is pork, which the United States Department of Agriculture (USDA) classifies as red meat. The coronavirus outbreak, which also brought attention to the dangers posed by the entire meat industry and the flaws in a food supply chain focused on animals, was the main driver of demand for pig alternative goods. The growth of the pork market is also attributable to the growing number of new businesses and existing firms in the industry testing grown meat made from pig cells.
End-use Insights
Burgers dominated the market in 2022 in terms of sales, with a share of around 41%. Due to rising consumer demand for ethical and sustainable beef substitutes, the cultured burger market is predicted to rise. Burgers made from cultured meat may help the meat business have a smaller negative impact on the environment. Cultivated meat is being tested by a number of startups and major players, which is also anticipated to assist the segment’s growth. Manufacturer of the first cultured meat hamburger in the world, Mosa Meat, announced a cooperation with animal nutrition company Nutreco in January 2020. Nutreco will supply Mosa Meat with a liquid nutrient-rich enough to generate meat.
Over the projection period, the meatballs sector is anticipated to grow at the quickest CAGR of 52.5%. Consumers frequently purchase processed meat items like meatballs from stores. The consumer base of the sector has grown as a result of the rising knowledge of the alleged health benefits of cultured meats. Over the projection period, it is predicted that the growing demand for meatballs along with a shift in consumer preference towards clean meats and alternatives will fuel the rise of the cultured meatball market.
Regional Insights
With a market share of more than 35% in 2022, North America dominated the cultured meat industry. The rise is being supported by rising consumer demand for ethically produced meat and poultry products as well as the presence of important firms in the area. To produce cultivated meats in the area, a number of US businesses, like Fork & Goode and BlueNalu, are progressively investing in cell-agriculture technologies.
The desire for items made from cultured poultry is also being fueled by the region’s favourable regulatory laws for cultured meat. Using cultured cells from poultry and cattle, the U.S. Department of Agriculture (USDA) and the Food and Drug Administration (FDA) decided to regulate the manufacture of chicken and meat products in March 2019.
From 2023 to 2030, Asia Pacific is anticipated to have the fastest CAGR, at 52.9%. The market is expanding as a result of elements like regionally rising disposable income and consistent meat consumption. The Food and Agriculture Organization (FAO) reports that the Asia Pacific area saw an increase in per capita beef consumption in 2021.
Also, the industry is expanding because to the increase in investments in seafood cultivated in laboratories. Also, the development of the cultured meat sector is being supported by helpful government programmes in nations like Singapore and China. The Singapore Food Administration (SFA) gave Eat Just permission to sell farm-raised chicken in Singapore in December 2020.
Key Companies & Market Share Insights
Many startups and new businesses are present on the market, which gives it its unique characteristics. To obtain a competitive advantage, businesses have been putting many tactics into practise, including mergers and acquisitions, production facility expansion, R&D spending, and new product launches.
The Avant Meats Company Ltd released a variety of S2G Ventures, the direct investment division of Builders Vision, a provider of impact platforms, has raised about USD 10.8 million. This aided the business in scaling up production, commercialising marine protein and farmed fish, and selling premium goods to customers.
To develop cellular agriculture and provide cultured beef to the EU market, Mosa Meat and Nutreco announced that the European REACT-EU recovery aid programme has awarded their joint “Feed for Meat” project with a grant of over USD 2.17 million. The programme will provide funding for research and development to address the ‘basa,’ or basic media, in which the beef cells develop.
Some prominent players in the global cultured meat market include: –
- 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
Global Cultured Meat Market Segmentation
This study provides an analysis of the most recent market trends and opportunities in each of the sub-segments from 2017 to 2030, as well as estimates revenue growth at the global, regional, and national levels. Based on source, end-use, and geography, Flair Insights has divided the worldwide cultured meat market report into segments for this study.
- Source Outlook (Revenue, USD Million, 2017 – 2030)
- Poultry
- Beef
- Seafood
- Pork
- Duck
- End-use Outlook (Revenue, USD Million, 2017 – 2030)
- Nuggets
- Burgers
- Meatballs
- Sausages
- Hotdogs
- 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
- North America
