Cultivated Meat Market: Global Industry Analysis And Forecast (2023-2029)

Cultivated Meat Market size was valued at US$ 7.88 Bn. in 2022 and the total Cultivated Meat revenue is expected to grow at 16.47% from 2023 to 2029, reaching nearly US$ 22.92 Bn.
Cultivated Meat Market Overview:
Cultivated meat, also known as cultured meat or Lab-grown meat, is real animal flesh (including fish and organ meats) created directly from animal cells. This kind of manufacturing eliminates the need to raise and farm animals for sustenance. Cultivated meat is composed of the same cell types as animal tissues, grouped in the same or comparable structure, and so replicates the sensory and nutritional characteristics of traditional meat. Cultured meat consumption is becoming a trend and all signs point to it becoming one of the most significant revolutions in the modern food industry for two reasons that are it has the potential to seriously disrupt animal agriculture, and it has the potential to alleviate the majority of the negative environmental impact of meat production.To know about the Research Methodology :- Request Free Sample Report

The report investigates the Cultivated Meat market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Cultivated Meat market's contemporary competitive scenario. The report explores the Cultivated Meat market's segments by Source, Type, End-Use, and Region. The data provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020.
Cultivated Meat Market Dynamics:
Cultivated Meat is the most preferred substitute for regular meat.

The increasing population across the globe, rising average incomes, and changing lifestyles are driving the global demand for meat and meat products. As a result, livestock productivity is increasing. However, increased meat production and consumption harm the environment and human health, posing a significant challenge to food production sustainability. It is also expected that the traditional meat supply would be insufficient to fulfill demand. This circumstance is stimulating the growth of alternative protein manufacturers and the development of meat substitutes that allow for dietary changes. All meat substitutes, including lab-grown meat or cultivated meat, are seen to be beneficial for the environment and consumers. As a result, sustainable alternatives to animal production, the end product of which is meat, are required. Cultivated meat is an innovative meal that has emerged from the field of cellular agriculture. Due to this, it is a most preferred substitute by consumers and hence, it drives the demand for the cultivated meat market during the forecast period.

Multiple benefits associated with Cultivated Meat are a major driver for the market.

Cultivated meat has several advantages such as reduced environmental impact, any need to rear animals, reduced public health consequences, etc. In addition, cultivated meat is one of the best alternatives for the protein demand. Consumers are changing their interest in adopting a more nutritious diet that promotes a more sustainable lifestyle and relies less on animal proteins. Additionally, those who are allergic to animal proteins make up the majority of alternative protein consumers. As a result, the growing number of such people is a primary driver of the cultivated meat market. Instead of using animals, cultivated meat/ beef flesh cells are utilized to make meatballs. Higher demand for processed meat and purchases of packaged meatball products, as well as a growing desire for slaughter-free processed meat food products, are expected to increase the global acceptability of cultured/ cultivated meat.

Health Benefits associated with Cultivated Meat attract consumers.

Lab-grown meat is free of the growth hormones that are frequently administered to farm animals to improve the quality of their flesh. This makes laboratory-grown meat healthier. Lab-grown meat is created in highly controlled conditions, which keeps bacteria and contaminants away. Intestinal bacteria such as E. coli, Salmonella, and Campylobacter cause diseases every year and are a risk for meat eaters. There can be no contamination during slaughter since lab-grown meat contains no digestive organs. Another unintended consequence of lab-grown meat is the lack of zoonotic diseases. Livestock raised in tight quarters is vulnerable to disease outbreaks such as influenza. Lab-grown meat is free of the zoonotic illnesses that plague animals and the antibiotics that they are administered. Lab-grown meat provides several health benefits in addition to being antibiotic-free and devoid of zoonotic diseases. Scientists have proposed that the nutritional composition of cultured meat be altered to meet the needs of the consumer.

The High cost of Cultivated Meat restrains the market growth.

Many organizations are in the research and development stages of generating cultured meat. This means that significant investments are required before significant advances in the subject may be made. In addition, one of the major challenges that scientists are trying to overcome is the type of culture medium. Fetal Bovine Serum is present in the current medium. This serum is derived from the blood of a deceased calf, which is not only costly but also contradicts the lab-grown meat's slaughter-free label. Moreover, scientists have yet to create a genuine muscle with structured blood arteries, connective tissues, and nerves. This makes it difficult for lab-grown meat to provide meat lovers with a variety of cuts and animal muscles. The original flavor and taste of traditional meat, as well as the range of animal species and breeds, cannot yet be duplicated in lab-grown meat. Hence, these factors restrain the market growth of the cultivated meat market.

Concerns about the safety of cultivated meat are a major challenge for the market.

Cultivated meat is a novel product with uncertain public health implications. Given the exponential growth and proliferation of cells, there is a chance of cell line dysregulation. Because it is impossible to completely regulate the cultural process, certain unintended consequences may occur. The cancer-promoting characteristics of cells that multiply exponentially in vitro stand out as a possible health risk. Consuming lab-grown meat from such defective cell lines may have unintended consequences for the human body; however, the precise consequences are unknown.
Cultivated Meat Market Segment Analysis:
By Source, The poultry segment is expected to dominate the global cultivated meat market during the forecast period due to the rising popularity of poultry products in different quick-service restaurants i.e. QSRs, which has spurred producers to develop new alternative goods to satisfy potential meet customers' requirements. Cultivated chicken and meat products are expected to be less expensive than other sources and to acquire widespread acceptance around the globe. Likewise, the increased need for animal protein requires a huge amount for poultry products. This is expected to increase the global market growth of cultivated meat. Moreover, increased demand for chicken meat due to rapidly growing urban populations in emerging nations is expected to drive the global cultured meat market. The dining out trend, as well as strong R&D expenditure by major organizations such as Tyson Foods and Cargill, are major drivers that are expected to drive the poultry segment and also other segments of the global market.

By end-use, the nuggets segment is expected to account for the largest market size during the forecast period. As a major processed beef product, demand for nuggets is growing rapidly. Chicken continues to be a popular meat product in the United States and other North American countries. Nuggets are one of the most common types of chicken meat products consumed in many countries. Consumers are searching for alternatives that are easy to eat at any time due to the increased adoption of an on-the-go culture and consumption of snack products, particularly in the United States. To entice customers, important corporations such as Tyson Foods and Cargill are investing in producing clean meat or cultured meat chicken products in the shape of nuggets. As a result, during the forecast period, the North American region is expected to dominate the market for cultured meat nuggets.
Cultivated Meat Market Regional Insights:
The Asia-Pacific market had the highest revenue share of more than xx% in 2022 and is expected to dominate the Cultivated Meat Market at the end of the forecast period. The continuously increasing urban population, as well as the need for protein food products, would promote product acceptance and demand during the forecast period. In addition, the growing consumer preference for increased higher protein consumption daily is providing significant growth opportunities for market players and meat manufacturers. Higher growth potential is prompting industry participants to invest in alternative meat proteins such as cultured meat to meet growing customer demand.

India and China have been highlighted as important nations for conducting consumer research on cultured meat. This is due not just to an increasing population but also to developing economies, which increase meat consumption and customer affordability for premium products. Various research studies are being undertaken to investigate the consumer acceptability of cultured meat. Moreover, several governments have approved the manufacturing and sale of lab-grown meat in their countries, which is expected to drive the growth of the cultured meat market throughout the forecast period.

For example, the Singapore Food Agency (SFA) approved Eat Just (a US start-up) to sell lab-grown, cultivated chicken as a food ingredient in the Singapore market. According to press sources, the cultured chicken would be offered at a single restaurant at first, with an intermediate scaling to about 15 restaurants planned during the forecast period. Eat Just plans to grow into retail during the forecast period.

The North American region is expected to grow rapidly during the forecast period because of the rise in advancements and developments, as well as high investment for efficient R&D, which are expected to boost its highest share. Consumers are shifting from conventional meat to cultivated meat products due to health concerns about meat consumption, growth in investor interest in alternative proteins, and the possibility to deliver the essential nutrients in tailor-made proteins. Urbanized areas in the United States and Canada are expected to lead growth due to a larger proportion of flexitarians who are open to and embrace meat alternatives and other proteins. The region's growing need for alternative protein encourages more investment in cultivated meat businesses.

In addition, Cellular agriculture innovation, as well as a growing customer preference for animal welfare and environmental sustainability, are expected to drive the global cultured meat business. Consumption of meat and meat products, as well as the nutritional advantages connected with them, is expected to drive regional market share.

The objective of the report is to present a comprehensive analysis of the Cultivated Meat market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Cultivated Meat market dynamics, and structure by analyzing the market segments and projecting the Cultivated Meat market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Cultivated Meat market make the report investor’s guide.
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Cultivated Meat Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 7.88 Bn.


Forecast Period 2023 to 2029 CAGR:
16.47 %
Market Size in 2029:
US $ 22.92 Bn.


 Segments Covered:
by Sources
Poultry
Beef
Seafood
Pork
Duck


by Type
Red Meat
Poultry
Seafood


by End-Use
Nuggets
Burgers
Meatballs
Sausage
Hot dogs
Others (pet food, and foie gras)



Cultivated Meat Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Cultivated Meat Market Key Players are:
1. Memphis Meats (US)
2. MosaMeat (Netherlands)
3. SuperMeat (Israel)
4. Just, Inc (US)
5. Integriculture (Japan)
6. Aleph Farms Ltd (Israel)
7. Finless Foods Inc. (US)
8. Avant Meats Company Limited (China)
9. Balletic Foods (US)
10.Future Meat Technologies Ltd (Israel)
11.Appleton Meats (Canada)
12.Higher Steaks (UK)
13.Biofood Systems LTD (Israel)
14.Fork & Goode (US)
15.Meatable (Netherlands)
16.Mission Barns (US)
17.Bluenalu, Inc. (US)
18.New Age Meats (US)
19.Shiok Meats (Singapore)
20.Seafuture Sustainable Biotech (Canada)
21.Wild Type (US), Lab farm Foods (US)
22.Cubiq Foods (Spain)
23.Kiran Meats (US)
24.Cell Farm FOOD Tech/Granja Celular S.A (Argentina)

FAQs:

1. Which is the potential market for Cultivated Meat in terms of the region?
Ans. The Asia-Pacific is the potential market for cultivated meat market in terms of region.

2. What are the opportunities for market?
Ans. Cultivated Meat is the most preferred substitute for regular meat is the key opportunity for the market.

3. What is expected to drive the growth of the Cultivated Meat market in the forecast period?
Ans. Multiple benefits associated with Cultivated Meat are a major driver for the market.

4. What is the projected market size & growth rate of the Cultivated Meat Market?
Ans. Cultivated Meat Market size was valued at US$ 7.88 Bn. in 2022 and the total Cultivated Meat revenue is expected to grow at 16.47 % from 2023 to 2029, reaching nearly US$ 22.92 Bn.

5. What segments are covered in the Cultivated Meat Market report?
Ans. The segments covered are Source, Type, End-Use, and Region.