Report Code: CMI44723

Published Date: March 2024

Pages: 320+

Category: Food & Beverages

Report Snapshot

CAGR: 22.5%
120.23M
2023
126.99M
2024
175.77M
2033

Source: CMI

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

Major Players

  • Mosa Meat
  • Aleph Farms
  • Future Meat Technologies
  • Memphis Meats
  • Just Inc.
  • Balletic Foods
  • Others

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Reports Description

Global Lab Grown Meat Market is set for significant growth from 2024 to 2033, driven by increasing concerns regarding environmental sustainability, animal welfare, and food security.

Lab grown meat, also known as cultured meat or cultivated meat, is produced through cellular agriculture techniques, offering a sustainable and ethical alternative to traditional animal agriculture.

This market is expected to achieve a Compound Annual Growth Rate (CAGR) of approximately 22.5%during the forecast period. In 2023, the market valuation stood at USD 126.99 Million, and it is projected to reach USD 175.77 Million by 2032.

Lab grown meat presents a promising solution to address the challenges associated with conventional meat production, including land and water usage, greenhouse gas emissions, and animal welfare concerns. By culturing animal cells in bioreactors under controlled conditions, lab grown meat offers a more efficient and sustainable approach to meat production, with the potential to reduce environmental impact and meet the growing global demand for protein-rich foods.

The market for lab grown meat is driven by consumer preferences for sustainable and ethical food options, along with advancements in cellular agriculture technologies and growing investment in research and development activities by industry players and startups. Lab grown meat products, including poultry, beef, pork, and seafood, are being developed to replicate the taste, texture, and nutritional profile of conventional meat, thereby catering to diverse consumer preferences and dietary requirements.

Regionally, North America is expected to lead the lab grown meat market, supported by favorable regulatory frameworks, strong consumer awareness, and the presence of key industry players and research institutions. Europe follows closely, driven by increasing consumer demand for sustainable and plant-based food alternatives, along with supportive government initiatives and investments in cellular agriculture research.

The Asia Pacific region is poised for rapid growth, fueled by rising meat consumption, environmental concerns, and technological advancements in food production. Moreover, Latin America and the Middle East & Africa regions are also anticipated to witness significant growth in the lab grown meat market, driven by shifting consumer preferences and efforts to enhance food security and sustainability.

Lab Grown Meat Market: Overview

The Lab Grown Meat Market encompasses the production, distribution, and consumption of meat products cultured from animal cells using cellular agriculture techniques. Also known as cultured meat or cultivated meat, lab grown meat is produced by isolating animal cells and culturing them in bioreactors under controlled conditions to generate muscle tissue, which is then harvested and processed into meat products.

This approach offers a sustainable and ethical alternative to traditional animal agriculture, addressing environmental, ethical, and public health concerns associated with conventional meat production.

Lab grown meat products are designed to replicate the taste, texture, and nutritional composition of conventional meat, offering consumers a more sustainable and ethical choice without compromising on flavor or nutritional value.

These products can be customized to meet diverse consumer preferences and dietary requirements, including options for poultry, beef, pork, and seafood. The market for lab grown meat is driven by increasing consumer demand for sustainable and ethical food options, along with advancements in cellular agriculture technologies and growing investment in research and development activities.

Lab Grown Meat Market: Growth Factors

  • Environmental Sustainability: Growing concerns regarding the environmental impact of conventional meat production, including land and water usage, greenhouse gas emissions, and deforestation, are driving consumer demand for sustainable and eco-friendly food alternatives such as lab grown meat.
  • Animal Welfare: Increasing awareness of animal welfare issues associated with industrial animal agriculture, including confinement, overcrowding, and inhumane slaughter practices, is fueling interest in lab grown meat as a cruelty-free and ethical alternative.
  • Food Security: The need to address global food security challenges, including population growth, resource scarcity, and climate change, is driving the development of alternative protein sources such as lab grown meat to ensure a sustainable and resilient food supply.
  • Health and Nutrition: Growing consumer interest in healthier and cleaner food options, coupled with concerns about the safety and sustainability of conventional meat production, is driving demand for lab grown meat products that offer comparable taste, texture, and nutritional quality.
  • Technological Advancements: Ongoing advancements in cellular agriculture technologies, including cell culture techniques, bioreactor design, and tissue engineering methods, are enabling the efficient and scalable production of lab grown meat products with improved quality and affordability.
  • Regulatory Support and Market Access: Supportive regulatory frameworks and market access initiatives aimed at fostering innovation and commercialization in the lab grown meat sector are facilitating market growth and investment in research and development activities.

Global Lab Grown Meat Market 2024–2033 (By Source)

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Lab Grown Meat Market: Recent Developments

  • In January 2023, a leading cultured meat company announced the successful development of a lab grown poultry product, demonstrating comparable taste and texture to conventionally produced chicken meat.
  • In March 2023, a startup unveiled a prototype for lab grown seafood, utilizing cellular agriculture techniques to produce sustainable alternatives to conventional fish and shellfish products.
  • In June 2023, a research institute published findings on the development of novel cell culture methods for culturing beef muscle tissue, achieving significant improvements in production efficiency and cost-effectiveness.
  • In September 2023, a cultured meat company launched a retail line of lab grown pork products, including sausages and burgers, catering to consumer demand for sustainable and ethically produced meat alternatives.

Lab Grown Meat Market: Challenges

  • Cost and Scale-Up Challenges: Addressing cost and scalability challenges associated with lab grown meat production, including the high cost of cell culture media, bioreactor infrastructure, and tissue engineering processes, to achieve commercial viability and competitive pricing.
  • Consumer Acceptance and Perception: Overcoming consumer skepticism and perception barriers related to lab grown meat, including concerns about taste, safety, and naturalness, through education, marketing, and product innovation efforts.
  • Regulatory and Safety Concerns: Ensuring compliance with regulatory requirements and safety standards for lab grown meat products, including food safety, labeling, and traceability, to build consumer trust and facilitate market acceptance.
  • Supply Chain and Distribution: Developing robust supply chain and distribution networks for lab grown meat products, including sourcing of cell lines, production logistics, and retail partnerships, to ensure consistent availability and accessibility for consumers.
  • Technological Limitations and Research Needs: Addressing technological limitations and research gaps in cellular agriculture, including cell culture optimization, scaffold design, and tissue maturation processes, to enhance product quality, yield, and scalability.
  • Industry Collaboration and Investment: Fostering collaboration and investment in research and development initiatives among industry players, startups, academic institutions, and government agencies to accelerate innovation and overcome challenges in the lab grown meat market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Lab Grown Meat Market Saffron Market Organic Food and Beverages Market
CAGR 22.5% (Approx) CAGR 6.8% (Approx) CAGR 14.8% (Approx)
USD 175.77 Million by 2032 USD 2.6 Billion by 2032 USD 643.6 Billion by 2032

Lab Grown Meat Market: Segmentation Analysis

By Source:

The poultry segment held a dominant position in the market, capturing over 40% of the revenue share in 2022. Chicken consumption has witnessed a notable surge in North America over the past five decades, with it emerging as the most consumed meat in the U.S., where over 8.9 billion chickens are processed annually for food purposes.

Globally, the production of chickens surpasses 50 billion annually. This upsurge in poultry consumption has stimulated a growing interest among startups and new market players to invest in cellular agriculture technology, aiming to develop cultivated poultry products.

Meanwhile, the pork segment is anticipated to exhibit a remarkable Compound Annual Growth Rate (CAGR) of 57.6% over the forecast period. Classified as red meat by the United States Department of Agriculture (USDA), pork enjoys widespread popularity as one of the most consumed meats worldwide.

The demand for pork alternatives saw a notable boost during the COVID-19 pandemic, shedding light on the vulnerabilities of the conventional meat industry and the fragility of the existing food supply chain heavily reliant on animal-based products. Furthermore, the expansion of the pork segment is propelled by the growing number of startups and established firms exploring cultivated meat derived from pig cells.

By End Use:

Burgers emerged as the revenue leader in the market, commanding approximately 42% of the market share in 2022. The segment of cultured burgers is forecasted to witness increased traction, driven by a rising consumer inclination towards sustainable and ethical alternatives to conventional meat.

Cultivated meat burgers hold promise in mitigating the environmental impact associated with traditional meat production methods. Numerous startups and major industry players are actively exploring cultured meat, thereby contributing to the anticipated growth of this segment.

In January 2020, Mosa Meat, renowned for creating the world’s first cultured meat hamburger, forged a partnership with animal nutrition company Nutreco. Through this collaboration, Nutreco will supply Mosa Meat with a nutrient-rich liquid crucial for cultured meat production, further bolstering advancements in the field.

Report Scope

Feature of the Report Details
Market Size in 2024 USD 126.99 Million
Projected Market Size in 2033 USD 175.77 Million
Market Size in 2023 USD 120.23 Million
CAGR Growth Rate 22.5% CAGR
Base Year 2023
Forecast Period 2024-2033
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 fulfil your requirements for research.

Lab Grown Meat Market: Regional Analysis

It is expected that North America will command the largest share of the regional market for lab-grown meat due to growing concerns regarding the safety of traditional meat products.

Consumers are increasingly becoming aware of the adverse health effects associated with consuming red meat, prompting a shift towards seeking safer alternatives. In response, major food and meat manufacturers are directing their investments toward the development of lab-grown meat, recognizing it as a viable solution.

Similarly, the Asia Pacific region is poised to experience a surge in demand for lab-grown meat over the forecast period, fueled by its large base of meat-consuming consumers. Continued technological advancements and increased investment in research and development endeavors are expected to create lucrative growth prospects for industry players in this region in the forthcoming years.

Global Lab Grown Meat Market 2024–2033 (By Million)

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List of the prominent players in the Lab Grown Meat Market:

  • Mosa Meat
  • Aleph Farms
  • Future Meat Technologies
  • Memphis Meats
  • Just Inc.
  • Balletic Foods
  • Ashiok Meats
  • Biftek.co
  • Avant Meats Company Limited
  • Meatable
  • Cubiq Foods
  • Meati Foods
  • Shiok Meats
  • Higher Steaks
  • Cultured Decadence
  • Others

The Lab Grown Meat Market is segmented as follows:

By Source

  • Poultry
  • Beef
  • Seafood
  • Pork
  • Duck

By End-use

  • Nuggets
  • Burgers
  • Meatballs
  • Sausages
  • Hotdogs

Regional Coverage:

North America

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

Europe

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

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • 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 Lab Grown Meat Market, (2024 – 2033) (USD Million)
    • 2.2 Global Lab Grown Meat Market: snapshot
  • Chapter 3. Global Lab Grown Meat Market – Industry Analysis
    • 3.1 Lab Grown Meat Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Environmental Sustainability
      • 3.2.2 Animal Welfare
      • 3.2.3 Food Security
      • 3.2.4 Health and Nutrition
      • 3.2.5 Technological Advancements
      • 3.2.6 Regulatory Support and Market Access.
    • 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 Lab Grown Meat Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Lab Grown Meat Market: Company Market Share, 2023
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Lab Grown Meat Market – Source Analysis
    • 5.1 Global Lab Grown Meat Market Overview: By Source
      • 5.1.1 Global Lab Grown Meat Market Share, By Source, 2023 and 2033
    • 5.2 Poultry
      • 5.2.1 Global Lab Grown Meat Market by Poultry, 2024 – 2033 (USD Million)
    • 5.3 Beef
      • 5.3.1 Global Lab Grown Meat Market by Beef, 2024 – 2033 (USD Million)
    • 5.4 Seafood
      • 5.4.1 Global Lab Grown Meat Market by Seafood, 2024 – 2033 (USD Million)
    • 5.5 Pork
      • 5.5.1 Global Lab Grown Meat Market by Pork, 2024 – 2033 (USD Million)
    • 5.6 Duck
      • 5.6.1 Global Lab Grown Meat Market by Duck, 2024 – 2033 (USD Million)
  • Chapter 6. Global Lab Grown Meat Market – End-use Analysis
    • 6.1 Global Lab Grown Meat Market Overview: By End-use
      • 6.1.1 Global Lab Grown Meat Market Share, By End-use, 2023 and 2033
    • 6.2 Nuggets
      • 6.2.1 Global Lab Grown Meat Market by Nuggets, 2024 – 2033 (USD Million)
    • 6.3 Burgers
      • 6.3.1 Global Lab Grown Meat Market by Burgers, 2024 – 2033 (USD Million)
    • 6.4 Meatballs
      • 6.4.1 Global Lab Grown Meat Market by Meatballs, 2024 – 2033 (USD Million)
    • 6.5 Sausages
      • 6.5.1 Global Lab Grown Meat Market by Sausages, 2024 – 2033 (USD Million)
    • 6.6 Hotdogs
      • 6.6.1 Global Lab Grown Meat Market by Hotdogs, 2024 – 2033 (USD Million)
  • Chapter 7. Lab Grown Meat Market – Regional Analysis
    • 7.1 Global Lab Grown Meat Market Regional Overview
    • 7.2 Global Lab Grown Meat Market Share, by Region, 2023 & 2033 (USD Million)
    • 7.3. North America
      • 7.3.1 North America Lab Grown Meat Market, 2024 – 2033 (USD Million)
        • 7.3.1.1 North America Lab Grown Meat Market, by Country, 2024 – 2033 (USD Million)
    • 7.4 North America Lab Grown Meat Market, by Source, 2024 – 2033
      • 7.4.1 North America Lab Grown Meat Market, by Source, 2024 – 2033 (USD Million)
    • 7.5 North America Lab Grown Meat Market, by End-use, 2024 – 2033
      • 7.5.1 North America Lab Grown Meat Market, by End-use , 2024 – 2033 (USD Million)
    • 7.6. Europe
      • 7.6.1 Europe Lab Grown Meat Market, 2024 – 2033 (USD Million)
        • 7.6.1.1 Europe Lab Grown Meat Market, by Country, 2024 – 2033 (USD Million)
    • 7.7 Europe Lab Grown Meat Market, by Source, 2024 – 2033
      • 7.7.1 Europe Lab Grown Meat Market, by Source, 2024 – 2033 (USD Million)
    • 7.8 Europe Lab Grown Meat Market, by End-use, 2024 – 2033
      • 7.8.1 Europe Lab Grown Meat Market, by End-use, 2024 – 2033 (USD Million)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Lab Grown Meat Market, 2024 – 2033 (USD Million)
        • 7.9.1.1 Asia Pacific Lab Grown Meat Market, by Country, 2024 – 2033 (USD Million)
    • 7.10 Asia Pacific Lab Grown Meat Market, by Source, 2024 – 2033
      • 7.10.1 Asia Pacific Lab Grown Meat Market, by Source, 2024 – 2033 (USD Million)
    • 7.11 Asia Pacific Lab Grown Meat Market, by End-use, 2024 – 2033
      • 7.11.1 Asia Pacific Lab Grown Meat Market, by End-use, 2024 – 2033 (USD Million)
    • 7.12. Latin America
      • 7.12.1 Latin America Lab Grown Meat Market, 2024 – 2033 (USD Million)
        • 7.12.1.1 Latin America Lab Grown Meat Market, by Country, 2024 – 2033 (USD Million)
    • 7.13 Latin America Lab Grown Meat Market, by Source, 2024 – 2033
      • 7.13.1 Latin America Lab Grown Meat Market, by Source, 2024 – 2033 (USD Million)
    • 7.14 Latin America Lab Grown Meat Market, by End-use, 2024 – 2033
      • 7.14.1 Latin America Lab Grown Meat Market, by End-use, 2024 – 2033 (USD Million)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Lab Grown Meat Market, 2024 – 2033 (USD Million)
        • 7.15.1.1 The Middle-East and Africa Lab Grown Meat Market, by Country, 2024 – 2033 (USD Million)
    • 7.16 The Middle-East and Africa Lab Grown Meat Market, by Source, 2024 – 2033
      • 7.16.1 The Middle-East and Africa Lab Grown Meat Market, by Source, 2024 – 2033 (USD Million)
    • 7.17 The Middle-East and Africa Lab Grown Meat Market, by End-use, 2024 – 2033
      • 7.17.1 The Middle-East and Africa Lab Grown Meat Market, by End-use , 2024 – 2033 (USD Million)
  • Chapter 8. Company Profiles
    • 8.1 Mosa Meat
      • 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 Aleph Farms
      • 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 Future Meat Technologies
      • 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 Memphis Meats
      • 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 Just Inc.
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Balletic Foods
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Ashiok Meats
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Biftek.co
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Avant Meats Company Limited
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Meatable
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 Cubiq Foods
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
    • 8.12 Meati Foods
      • 8.12.1 Overview
      • 8.12.2 Financials
      • 8.12.3 Product Portfolio
      • 8.12.4 Business Strategy
      • 8.12.5 Recent Developments
    • 8.13 Shiok Meats
      • 8.13.1 Overview
      • 8.13.2 Financials
      • 8.13.3 Product Portfolio
      • 8.13.4 Business Strategy
      • 8.13.5 Recent Developments
    • 8.14 Higher Steaks
      • 8.14.1 Overview
      • 8.14.2 Financials
      • 8.14.3 Product Portfolio
      • 8.14.4 Business Strategy
      • 8.14.5 Recent Developments
    • 8.15 Cultured Decadence
      • 8.15.1 Overview
      • 8.15.2 Financials
      • 8.15.3 Product Portfolio
      • 8.15.4 Business Strategy
      • 8.15.5 Recent Developments
    • 8.16 Others.
      • 8.16.1 Overview
      • 8.16.2 Financials
      • 8.16.3 Product Portfolio
      • 8.16.4 Business Strategy
      • 8.16.5 Recent Developments
List Of Figures

Figures No 1 to 24

List Of Tables

Tables N0 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 2032

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 2032
  • Market revenue estimates and forecasts up to 2032, by technology
  • Market revenue estimates and forecasts up to 2032, by application
  • Market revenue estimates and forecasts up to 2032, by type
  • Market revenue estimates and forecasts up to 2032, 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

Prominent Player

  • Mosa Meat
  • Aleph Farms
  • Future Meat Technologies
  • Memphis Meats
  • Just Inc.
  • Balletic Foods
  • Ashiok Meats
  • Biftek.co
  • Avant Meats Company Limited
  • Meatable
  • Cubiq Foods
  • Meati Foods
  • Shiok Meats
  • Higher Steaks
  • Cultured Decadence
  • Others

FAQs

The key factors driving the Market are Environmental Sustainability, Animal Welfare, Food Security, Health and Nutrition, Technological Advancements, Regulatory Support and Market Access.

The “Poultry” category dominated the market in 2023.

The key players in the market are Mosa Meat, Aleph Farms, Future Meat Technologies, Memphis Meats, Just Inc., Balletic Foods, Ashiok Meats, Biftek.co, Avant Meats Company Limited, Meatable, Cubiq Foods, Meati Foods, Shiok Meats, Higher Steaks, Cultured Decadence, Others.

“North America” had the largest share in the Lab Grown Meat Market.

The global market is projected to grow at a CAGR of 22.5% during the forecast period, 2024-2033.

The Lab Grown Meat Market size was valued at USD 126.99 Million in 2024.

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