[198 Pages Report] The Cultured Meat Market size was estimated at USD 198.99 million in 2023 and expected to reach USD 224.49 million in 2024, at a CAGR 12.90% to reach USD 465.38 million by 2030.
The cultured meat industry is a sector of the global food market that focuses on the production of animal-derived products through scientific and cell-culturing processes. Also known as lab-grown, synthesized, or in-vitro meat, these products offer an alternative to traditional meat product sources, especially in the context of sustainability and environmental conservation. Uniquely, cultured meat has the potential to significantly reduce environmental impacts associated with conventional livestock farming, paving the way for a more sustainable future in food production. The cultured meat market has several influencing growth factors, which include rising demand for alternative proteins globally and increasing emphasis on animal welfare and environmental awareness. Ongoing developments in the field of cellular agriculture support this upward growth of the market. However, the cultured meat market faces challenges and limitations, such as the high set-up costs of cultured meat production. Additionally, the market faces regulatory hurdles globally, as considerable variation exists in legal frameworks governing engineered food products. Public perception and acceptance of cultured meat as a viable alternative to conventionally sourced products also present a significant challenge, requiring extensive education and marketing efforts. On the other hand, potential opportunities within the cultured market are vast owing to increasing new product launches with diversity in meat types and growing government support for promoting environmental sustainability in meat production. As the market evolves, technological innovations in scaling production and reducing costs represent promising opportunities for companies.
The cultured meat industry in the United States has witnessed a significant shift, marked by a surge in consumer interest and investment. Manufacturers from the U.S. have been leading in novel research and securing critical patents. Canada's regulatory framework, headed by the Canadian Food Inspection Agency (CFIA) and Health Canada, provides a conducive environment for cultured meat companies. The regulatory bodies ensure that lab-grown meat products capitulate with the Food and Drugs Act and meet the requisite safety and quality parameters. The European Union has demonstrated a strong commitment to embracing sustainable and innovative food technologies, with cultured meat being considered a pioneer among them. In France, regulatory frameworks are being sculpted to steer the evolution of cultured meat. Paris, in particular, has emerged as a hub for alternative protein startups. The combination of favorable government policies and pioneering vendors has contributed to France's prominent position in the discourse on cultured meat. In the Middle East and Africa, cultured meat technology is yet to make substantial inroads. However, with ongoing initiatives aimed at improving food security and sustainability, the MEA region presents an untapped potential for growth and innovation in this sector.
Additionally, consumers in the MEA region are showing an increasing openness to incorporating cultured meat products into their diets due to animal welfare and food security concerns. In APAC, India presents a unique scenario with a significant proportion of the population being vegetarian. However, with an intensified focus on protein inclusivity and environmental sustainability, cultured meat has gained traction amongst Indian consumers. Furthermore, in China, the government's drive towards food security and sustainability bolsters the emerging market for lab-grown meat. However, consumer acceptance of artificial meat remains a crucial challenge. Japan's demographic challenges with an aging population have accelerated the demand for healthier, sustainable food options. With a sophisticated technological infrastructure and strong government support, Japan has strengthened its cultured meat market position.
The market dynamics represent an ever-changing landscape of the Cultured Meat Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
- Market Drivers
- Rising demand for alternative proteins globally
- Increasing emphasis on animal welfare and environmental awareness
- Ongoing developments in the field of cellular agriculture
- Market Restraints
- High set-up costs of cultured meat production
- Market Opportunities
- Increasing new product launches with diversity in meat types
- Growing government support for promoting environmental sustainability in meat production
- Market Challenges
- Concerns associated with stringent regulatory requirements
Source: Rising demand for cultured chicken among consumers
Laboratory-grown or cultured beef is proof of scientific advancements in creating slaughter-free meat. The primary consumers of cultured beef seek to lower their environmental impact and uphold animal rights without compromising their eating experience. Given the massive global consumption of chicken, producing lab-grown chicken meat has been a notable development in cultured meat technology. Consumers prefer it for its supposed lesser environmental impact and as a probable solution to antibiotic and bacterial issues in conventional poultry farming. Cultured duck meat is gaining traction, especially in areas where duck meat is a principal part of traditional cuisine. Deciding to choose it often stems from ethical reasons and health concerns. Cultured pork caters to a vast consumer base, especially in areas where religious customs dismiss conventional pork consumption. Beyond ethical and environmental reasons, it’s a new way to satisfy culinary preferences without attached restrictions. With the increasing concerns about overfishing and ocean health, lab-grown seafood has emerged as a viable alternative. Consumers prefer it as a sustainable solution to meet the growing demand for seafood. While each type has its unique consumer preference, cultured chicken and beef lead in demand due to their sizable share in global meat consumption.
Usage: Increasing adoption of cultured meat in hot dogs
The most prolific cultured meat products, plant-based and lab-grown cultured burgers, are revolutionizing the fast food and home cooking markets. These products cater to environmentally conscious customers who enjoy the rich flavors of traditional burgers but opt for options that reduce greenhouse gas emissions and land use. Hot Dogs, a staple of American barbecues, are witnessing an innovative transformation with the introduction of cultured meat as it significantly reduces antibiotics and harmful bacteria compared to traditional ones, promising safer and healthier alternatives for consumers. Meatballs made from cultured meat are another major consideration for manufacturers and consumers with fewer antibiotics and considerably lower carbon footprints. The nugget segment of cultured meat products, a particular favorite among children, is receiving attention from major manufacturers, evidencing a significant shift in consumer preferences. Sausages are another food product currently undergoing a potential transformation through cultured meat as it offers better taste and nutritional value than real ones, without the significant environmental and health downsides that the conventional meat industry.
End User: Growing usage of cultured meat in households as sustainable alternative to conventional meat
The growth potential of cultured meat within the hotel and restaurant sector is substantial. In a more health-conscious and sustainability-driven society, diners' preference for alternative proteins is rising. Manufacturers of cultured meat are revolutionizing the food industry with their innovative lab-grown meat products, offering a sustainable and ethical option to traditional meat sourcing. Cultured meat in households represents a rapidly growing market as consumers turn to eco-friendly and humane alternatives to conventional meat. The growing need for cultured meat in households centers around environmental consciousness, dietary restrictions, and ethical concerns. An increasing interest in home cooking and the adoption of plant-based diets are also contributors to the rise in this market; for hotels and restaurants, serving cultured meat positions them as innovative, eco-conscious, and receptive to the evolving dietary preferences of customers. An opportunity for premium pricing exists based on cultured meat's novelty and sustainable positioning. For households, cultured meat presents an ethical and sustainable alternative to conventional meat, catering to health-conscious consumers and those following specific dietary restrictions.
The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Cultured Meat Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Cultured Meat Market.
The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Cultured Meat Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.
The value chain of the Cultured Meat Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.
The pricing analysis comprehensively evaluates how a product or service is priced within the Cultured Meat Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Cultured Meat Market.
The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Cultured Meat Market.
The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Cultured Meat Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.
The trade analysis of the Cultured Meat Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.
The regulatory framework analysis for the Cultured Meat Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Cultured Meat Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Cultured Meat Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
JBS begins work on lab-grown meat center in Brazil
JBS S.A. embarked on the construction of the JBS Biotech Innovation Center, a state-of-the-art research facility in Brazil dedicated to the production of cell-based meat. With an investment of USD 62 million, this center prioritizes the enhancement of efficiency, scalability, and cost-effectiveness in lab-grown meat production. [Published On: 2023-09-25]
Steakholder Foods Receives Grant of up to USD 1 million for Collaboration with Umami Meats to 3D Bio-Print Structured Cultivated Fish Products
Steakholder Foods received its first grant from the Singapore Israel Industrial R&D Foundation. The grant aims to support the development of 3D-printed structured eel and grouper products in collaboration with Umami Meats. This collaboration presents a unique opportunity for market entry in the only country with regulatory approval for cultivated meat. [Published On: 2023-01-03]
UPSIDE Foods Acquires Cultivated Seafood Company Cultured Decadence
UPSIDE Foods acquired Cultured Decadence, a cultivated seafood company based in Madison, Wisconsin. This acquisition marks an important milestone for UPSIDE as it expands its product portfolio and accelerates the commercialization of a wide range of seafood products grown from animal cells. [Published On: 2022-01-25]
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Cultured Meat Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
The report delves into recent significant developments in the Cultured Meat Market, highlighting leading vendors and their innovative profiles. These include Shiok Meats Pte Ltd, CULT Food Science Corp, ClearMeat, Believer Meats, Steakholder Foods, Future Meat Technologies Ltd., MeaTech 3D Ltd., Integri Culture Inc., Supermeat The Essence of Meat Ltd., Bond Pet Foods, Inc., New Age Eats, Avant Meats Company Limited, Finless Foods, Inc., WildType, Meatable B.V., Heuros, BioFood Systems Ltd., Eat Just Inc., Mosa Meat, Upside Foods, Inc., CUBIQ FOODS S.L., Aleph Farms, BlueNalu, Inc., JBS S.A., and Orbillion Bio.
This research report categorizes the Cultured Meat Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Source
- Beef
- Chicken
- Duck
- Pork
- Seafood
- Usage
- Burgers
- Hot Dogs
- Meatballs
- Nuggets
- Sausages
- End User
- Hotels & Restaurants
- Households
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
- Preface
- Research Methodology
- Executive Summary
- Market Overview
- Market Insights
- Cultured Meat Market, by Source
- Cultured Meat Market, by Usage
- Cultured Meat Market, by End User
- Americas Cultured Meat Market
- Asia-Pacific Cultured Meat Market
- Europe, Middle East & Africa Cultured Meat Market
- Competitive Landscape
- Competitive Portfolio
- List of Figures [Total: 22]
- List of Tables [Total: 292]
- List of Companies Mentioned [Total: 25]
Singapore became the first country in the world in December 2020 to approve the sale of cultured meat products through the Singapore Food Agency (SFA). The country has a minimal livestock population that has declined in recent years due to herd contraction and lesser agricultural land.
Singapore aims to achieve 30% domestic nutritional security by 2030 under its “30 by 30” strategy through expanding the agriculture and food sectors. Cultivated chicken is commercially available on supermarket shelves and in several eateries across the country, even at food hawkers’. Easy availability and government approval have made cultivated meat a go-to alternative for restaurant owners.
The country is soon expected to house the largest manufacturing facility for cultivated meat in Asia, moving towards establishing a sustainable food system.
The global cultured meat industry is expected to witness a massive influx of funding for expanding production facilities and research activities. Singapore is expected to be one of the promising markets for this nascent industry with the emergence of new companies and aggressive domestic and self-sufficiency targets.
Unlike conventional meat, cultured meat is manufactured in a controlled laboratory environment through an advanced cellular agriculture process reducing the risk of food-borne disorders and exposure to harmful pathogens.
The main driver behind the growing interest in cultured meat is the rising inclination toward animal welfare and environmental sustainability. Consumers are becoming more aware of the suffering and cruelty involved in traditional meat production and are seeking out alternatives that produce meat without the need for animals to be killed. At the same time, millennials and younger generations are leading the charge for more eco-friendly food production methods. Cultured meat checks all the boxes for consumers who want to enjoy meat without the guilt.
The environmental benefits of cultured meat are numerous. Conventional meat production is a major contributor to climate change. Cultured meat, on the other hand, requires considerably less land, water, and energy and produces far fewer emissions than traditional meat production. This reduction in resource consumption can help combat climate change while also addressing food security and sustainability.
In addition to the environmental benefits, cultured meat can potentially transform the global food industry. The technology behind cultured meat is still in its infancy. However, there is enormous potential to create a wide range of meat products that are not only more sustainable but also more nutritious, healthier, and affordable. For example, cultured meat can be customized to contain specific nutrients or to be lower in fat or cholesterol. This could be a boon for those with dietary restrictions or health issues.
Despite the promising potential, cultured meat still has a long way to go before competing with traditional meat production. Current production methods are still relatively expensive, and the taste and texture of the meat still need to be improved. However, many investors and entrepreneurs are optimistic about the prospects for cultured meat, and a growing number of companies and startups are investing in research and development to reduce costs and improve the quality of the product.
Cultured meat represents a sustainable and humane alternative to traditional meat production that addresses many of the issues that concern consumers today, including animal welfare, environmental sustainability, and public health. While the technology is still in its early stages, the potential for disruption is huge. As consumer demand for environmentally friendly and ethical food production methods increases, cultured meat is poised to become a major force in the food industry, providing a solution that benefits both people and the planet.
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