Report Code: CMI11812

Published Date: July 2022

Pages: 220+

Category: Processed & Frozen Foods

Report Snapshot

CAGR: 15%
129.66M
2021
168.95M
2022
450M
2030

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Memphis Meats
  • SuperMeat
  • Just Inc.
  • Aleph Farms Ltd
  • Others

Exclusive, in-depth market intelligence can help you increase your Revenue.

Download Sample Pdf

Reports Description

The size of the Global Cultured Meat Market was worth around USD 129.66 million in 2021 to 168.95 million in 2022 and is predicted to grow to around USD 450 million by 2030 with a compound annual growth rate (CAGR) of roughly 15% between 2022 and 2030. The report analyses the Cultured Meat market’s drivers and restraints, as well as the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global Cultured Meat market.

The Market for Cultured Meat: Overview

Cultured meat, commonly referred to as in vitro meat, is a type of synthetic meat created using cellular farming and tissue engineering. Humans rely on meat to meet their nutritional demands since it is a great source of protein, iron, vitamin B12, omega-3 fatty acids, and other essential nutrients. By removing muscle cells from animals and putting them in a medium for development and proliferation, in vitro meat can be produced in a lab.

The Food and Agricultural Organization predicts that global consumption would rise by more than 66% by 2060 and that there will be greater demand for cultured meat as a result of lower greenhouse gas emissions and other environmental effects. Almost 15% of the world’s greenhouse gas emissions come from livestock, and both cattle and their dung produce methane.

The Market for Cultured Meat: COVID-19 Impact Study

Due to the increasing need for nutritious foods during the COVID-19 epidemic, the demand for extracorporeal meat marginally increased. During the COVID-19 era, extracorporeal meat became increasingly popular as a way to enhance a nutritious diet. The market is expanding as a result of rising consumer interest in enhancing immunity and integrating nutrient-dense foods in the diet.

The Market for Cultured Meat: Growth Drivers

In vitro research has benefited greatly from advancements in cell culture, which has been the focus of significant research efforts. Cultured meat made from animal cells has been created using a variety of tissue engineering techniques. Many processed meat products are manufactured from in vitro meat developed from muscle tissue, as opposed to traditional techniques of animal slaughter.

Meat raised in laboratories is regarded as a more wholesome and ethical choice. Due to the unique characteristics of cultured meat, new value chains must be created and factors like food safety, production costs, scalability, and customer acceptance must be taken into account. Delays in the commercialization of cultured meats are significantly impacted by regulatory constraints on new foods and ingredients, food safety, nutritional value, and health claims. Consumers in Europe are concerned about animal welfare and are acutely aware of the harm that meat production does to the environment.

Several meat processors and food businesses will have the chance to transition to alternative animal proteins by using cultured meat as a result of the rising trend in protein intake. Yet, fulfilling daily protein requirements when utilizing meat alternatives derived from animals.

Global Cultured Meat Market 2023 – 2032 (By End-Use)

www.custommarketinsight.com

Market Segmentation for Cultured Meat:

Based on sources, it is anticipated that over the prediction period, the poultry segment will lead the global market for cultured meat. This is because chicken products are becoming more and more popular in various Quick Service Restaurants (QSRs), which has prompted producers to create creative substitutes to satisfy the needs of upcoming meat customers. Products made from poultry are popular all around the world and are typically less expensive than those from other sources.

As a significant processed meat product, nugget demand is rising quickly. As a result, by 2021, North America is expected to have the largest market for cultured meat. In the US and other North American nations, chicken continues to be the most consumed meat product.

Consumers are constantly looking for quick-to-eat solutions, especially in the United States where mobile lifestyles and snack product consumption are becoming more and more accepted. Major corporations like Tyson Foods and Cargill are concentrating their efforts on developing pure or cultured chicken products in the form of consumer-friendly nuggets. As a result, it is anticipated that North America would lead the market for Cultured Meat nuggets throughout the forecast period.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 129.66 million
Projected Market Size in 2030 USD 450 Million
CAGR Growth Rate 15% CAGR (2022-2030)
Base Year 2023
Forecast Period 2024-2033
Prominent Players Memphis Meats, SuperMeat, Just, Inc, Aleph Farms Ltd, Appleton Meats, and Others
Key Segment By Source, End-Use, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfill your requirements for research.

Key Insights:

  • Our research analyst’s analysis indicates that throughout the forecast period, the market for cultured meat is expected to expand annually at a CAGR of over 15%. (2022-2030).
  • The cultured meat market was estimated to be worth USD 129.66 million in 2021 and is anticipated to grow to USD 450 million by 2030. The market is expected to grow significantly over the coming years as a result of a number of driving factors.
  • Pork material was expected to have the most market share in 2021 based on source segmentation.
  • The “North America” region generated the most revenue in 2021, according to regions.

New Developments

In order to provide a liquid that is rich in the minerals required to grow non-vegetarian foods, Mosa Meat teamed up with the animal nutrition business Nutreco in January 2020. Nutreco and Lowercarbon Capital have both made sizeable investments in Mosa Meat to help them expand its product manufacturing. By 2022, the business hopes to introduce cultured hamburgers in Europe. The company seeks to solve the rising need for protein caused by the expansion of the world’s population by providing environmentally sound, animal-friendly solutions.

Global Cultured Meat Market 2023 – 2032 (By Million)

www.custommarketinsight.com

Regional Scenery

In terms of revenue share, North America’s market dominated in 2021. Due to rising construction activity in India, China, Japan, and Indonesia, the Asia Pacific region is anticipated to post a substantial CAGR in sales throughout the projection period. The region’s carpet market is expanding as a result of the abundance of hand-weaving equipment and increased disposable income.

Competitive Landscape

The study includes an in-depth competitive analysis of these key players in Cultured Meat with their company profiles, recent developments, and key market strategies.

The global cultured meat market is segmented as follows:

By Source

  • Poultry
  • Beef
  • Seafood
  • Pork
  • Duck

By End-Use

  • Nuggets
  • Burgers
  • Meatballs
  • Sausages

On the basis of Geography

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Cultured Meat Market, (2022 – 2030) (USD Million)
    • 2.2 Global Cultured Meat Market: snapshot
  • Chapter 3. Global Cultured Meat Market – Industry Analysis
    • 3.1 Cultured Meat Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increasing trend in protein consumption
      • 3.2.2 Driver 2
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Source
      • 3.7.2 Market attractiveness analysis By End-Use
  • Chapter 4. Global Cultured Meat Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Cultured Meat Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Cultured Meat Market – Source Analysis
    • 5.1 Global Cultured Meat Market overview: By Source
      • 5.1.1 Global Cultured Meat Market share, By Source, 2021 and 2030
    • 5.2 Poultry
      • 5.2.1 Global Cultured Meat Market by Poultry, 2022 – 2030 (USD Million)
    • 5.3 Beef
      • 5.3.1 Global Cultured Meat Market by Beef, 2022 – 2030 (USD Million)
    • 5.4 Seafood
      • 5.4.1 Global Cultured Meat Market by Seafood, 2022 – 2030 (USD Million)
    • 5.5 Pork
      • 5.5.1 Global Cultured Meat Market by Pork, 2022 – 2030 (USD Million)
    • 5.6 Duck
      • 5.6.1 Global Cultured Meat Market by Duck, 2022 – 2030 (USD Million)
  • Chapter 6. Global Cultured Meat Market – End-Use Analysis
    • 6.1 Global Cultured Meat Market overview: By End-Use
      • 6.1.1 Global Cultured Meat Market share, By End-Use, 2021 and 2030
    • 6.2 Nuggets
      • 6.2.1 Global Cultured Meat Market by Nuggets, 2022 – 2030 (USD Million)
    • 6.3 Burgers
      • 6.3.1 Global Cultured Meat Market by Burgers, 2022 – 2030 (USD Million)
    • 6.4 Meatballs
      • 6.4.1 Global Cultured Meat Market by Meatballs, 2022 – 2030 (USD Million)
    • 6.5 Sausages
      • 6.5.1 Global Cultured Meat Market by Sausages, 2022 – 2030 (USD Million)
  • Chapter 7. Cultured Meat Market – Regional Analysis
    • 7.1 Global Cultured Meat Market Regional Overview
    • 7.2 Global Cultured Meat Market Share, by Region, 2021 & 2030 (USD Million)
    • 7.3. North America
      • 7.3.1 North America Cultured Meat Market, 2022 – 2030 (USD Million)
        • 7.3.1.1 North America Cultured Meat Market, by Country, 2022 – 2030 (USD Million)
    • 7.4 North America Cultured Meat Market, by Source, 2022 – 2030
      • 7.4.1 North America Cultured Meat Market, by Source, 2022 – 2030 (USD Million)
    • 7.5 North America Cultured Meat Market, by End-Use, 2022 – 2030
      • 7.5.1 North America Cultured Meat Market, by End-Use, 2022 – 2030 (USD Million)
    • 7.6. Europe
      • 7.6.1 Europe Cultured Meat Market, 2022 – 2030 (USD Million)
        • 7.6.1.1 Europe Cultured Meat Market, by Country, 2022 – 2030 (USD Million)
    • 7.7 Europe Cultured Meat Market, by Source, 2022 – 2030
      • 7.7.1 Europe Cultured Meat Market, by Source, 2022 – 2030 (USD Million)
    • 7.8 Europe Cultured Meat Market, by End-Use, 2022 – 2030
      • 7.8.1 Europe Cultured Meat Market, by End-Use, 2022 – 2030 (USD Million)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Cultured Meat Market, 2022 – 2030 (USD Million)
        • 7.9.1.1 Asia Pacific Cultured Meat Market, by Country, 2022 – 2030 (USD Million)
    • 7.10 Asia Pacific Cultured Meat Market, by Source, 2022 – 2030
      • 7.10.1 Asia Pacific Cultured Meat Market, by Source, 2022 – 2030 (USD Million)
    • 7.11 Asia Pacific Cultured Meat Market, by End-Use, 2022 – 2030
      • 7.11.1 Asia Pacific Cultured Meat Market, by End-Use, 2022 – 2030 (USD Million)
    • 7.12. Latin America
      • 7.12.1 Latin America Cultured Meat Market, 2022 – 2030 (USD Million)
        • 7.12.1.1 Latin America Cultured Meat Market, by Country, 2022 – 2030 (USD Million)
    • 7.13 Latin America Cultured Meat Market, by Source, 2022 – 2030
      • 7.13.1 Latin America Cultured Meat Market, by Source, 2022 – 2030 (USD Million)
    • 7.14 Latin America Cultured Meat Market, by End-Use, 2022 – 2030
      • 7.14.1 Latin America Cultured Meat Market, by End-Use, 2022 – 2030 (USD Million)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Cultured Meat Market, 2022 – 2030 (USD Million)
        • 7.15.1.1 The Middle-East and Africa Cultured Meat Market, by Country, 2022 – 2030 (USD Million)
    • 7.16 The Middle-East and Africa Cultured Meat Market, by Source, 2022 – 2030
      • 7.16.1 The Middle-East and Africa Cultured Meat Market, by Source, 2022 – 2030 (USD Million)
    • 7.17 The Middle-East and Africa Cultured Meat Market, by End-Use, 2022 – 2030
      • 7.17.1 The Middle-East and Africa Cultured Meat Market, by End-Use, 2022 – 2030 (USD Million)
  • Chapter 8. Company Profiles
    • 8.1 Memphis Meats
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 SuperMeat
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Just Inc
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Aleph Farms Ltd
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Appleton Meats
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments

List Of Figures

Figures No 1 to 23

List Of Tables

Tables No 1 to 52

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

List of the prominent players in the global cultured meat market:

  • 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
  • Others

FAQs

“North America” region will lead the global Cultured Meat market during the forecast period 2022 to 2030.

Various processed meat products are manufactured from in vitro meat developed from muscle tissue, as opposed to traditional techniques of animal slaughter. The market for cultured meat is predicted to rise more rapidly as a result.

The key players operating in the Cultured Meat market are Memphis Meats, SuperMeat, Just, Inc, Aleph Farms Ltd, Appleton Meats, and Others.

The global Cultured Meat market is expanding growth with a CAGR of approximately 15% during the forecast period (2022 to 2030).

The global Cultured Meat market size was valued at US$ 119 million in 2021 and it is projected to reach around US$ 450 million by 2030.

PURCHASE OPTIONS

$

3990


$

4990


$

5990


$

2290


$

2390

What You Get :

  • PDF Report Format.
  • Can be accessible by 1 single user.
  • Free 25% or 40 hours of customisation.
  • Free post-sale service assistance.
  • 15% discount on your next purchase.
  • Dedicated account Associate .
  • Permission to print the report.
  • Service guarantee available.
  • PDF and Excel Datasheet Formats.
  • Can be accessible upto 2 to 5 users.
  • Free 35% or 60 hours of customisation.
  • Free post-sale service assistance.
  • 25% discount on your next purchase.
  • Service guarantee available.
  • Personalised market brief by author.
  • Permission to print the report.
  • Report in your Language.
  • PDF, Excel and Power Point.
  • Can be accessible by unlimited users.
  • Free 40% or 80 hours of customisation.
  • Free post-sale service assistance.
  • 30% discount on your next purchase.
  • Permission to print the report.
  • Dedicated account manager.
  • Service guarantee available.
  • Report in your Language.
  • Excel Datasheet Format.
  • Customized access as per user request.
  • Upgradable to other licenses.
  • 15% discount on your next purchase.
  • Free 20% or 10 hours of customisation.
  • In-Depth Company Profiles.
  • SWOT Analysis.
  • Identify your Competitors.
  • Recent Development Analysis.
  • Competitor Pricing Strategies.
  • Competitor Marketing Strategies.
  • Competitor Positioning and Messaging.
  • Competitor Product’s Strengths.
  • Free 20% or 10 Hours of Customisation.
  • 15% Discount on your Next Purchase.
  • Upgradable to other licenses.
  • PDF Format.
  • Permission to Print the Report.

Want to customize this report?
100% FREE CUSTOMIZATION!