Cultured Meat Market Size By Source (Beef, Poultry, Seafood, Pork, Duck), By End-Use (Burgers, Nuggets, Meatballs, Sausages), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2021 – 2030

Published Date: Oct 2021  |  Report ID: GMI4823  |  Authors: Kunal Ahuja, Sarita Bayas

Report Format: PDF   |   Pages: 270   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Cultured Meat Market size exceeded USD 12.7 billion in 2020 and is estimated to grow at a CAGR of over 410% between 2021 and 2030. Increasing consumption of meat & meat products coupled with rising consumer reliance on lab grown products should stimulate global market growth.
 

Cultured meat can easily fortify with vitamins and minerals that are not present in traditional meat. Lab-grown meat can be engineered to have a positive impact on health by changing the nutrient profile, such as amino acids, fat, and minerals. As a result, cultured meats contain relatively more protein and polyunsaturated fatty acid compared to traditional meat. This reduces the risk of various chronic diseases.
 

Cultured Meat Market

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Lab-grown meat is considered as a healthier and clean meat option. Novel properties of the cultured meat require the development of new value chains and attention to issues such as food safety, production costs, scalability, and consumer acceptance. Regulatory restrictions on novel food & novel ingredients, food safety, nutrition, and food health claims have major impact on delay in the rate of commercialization of cultured meat. European consumers are highly conscious of the environmental harm triggered by meat production and are concerned about animal safety.
 

Growing demand for clean-meat-processed food products along with the increased purchase of convenient food products is accelerating market from meatballs segment

Cultured meat market size from meatballs is anticipated to surpass USD 1.8 billion by 2030. The shifting consumer behavior along with a demand for alternative clean-meat-processed food products will boost the meatballs made from cultured meat.
 

Cultured beef meat cells are used for producing meatballs instead of animals. The increased consumption of processed meat and the increased purchase of packaged meatball products along with the rising preference toward slaughter-free processed meat food products are anticipated to boost the acceptance of cultured meat globally.
 

Companies that produce meatballs from cultured meat are continuing their efforts on cost reduction to offer end product prices that are below the conventionally produced meat prices, with benefits of clean, green, and kind factors associated with the food product. This is expected to boost the demand for cultured meat over the projected time frame.
 

High content of proteins, nutrients fast food embraces the market form burgers segment

Global cultured meat from burgers end-use segment

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The global cultured meat market from burgers end-use segment is expected to exceed USD 240 million by 2030. The increasing consumer demand for the use of clean meat in food products, such as burgers, will fuel the cultured meat demand over the forecast period. Cultured meat, such as beef and chicken, are used in burgers as it mimics real meat. The cultured meat or cultivated cells of meat can be turned and processed into burger patties and hamburgers. Cultured meat burgers are the best alternatives to traditional meat burgers owing to its reduced environmental impact and ethical issues.
 

According to a research, vegetarians, youngsters, and highly educated individuals prefer alternative lab-grown meat food products as compared to farm-raised animal meat. The rising consumer interest and sales of alternative protein-sourced food products, such as alternative meat burgers, will favor the demand for eco-friendly burgers made from cultured meat as it addresses various concerns including animal welfare and environment.
 

Growing demand for animal-friendly food products will stimulate market growth from poultry segment

Global cultured meat from poultry  segment

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The cultured meat market from poultry is likely to register over 270% CAGR through 2030. Poultry sources of cultured meat include chicken and turkey that can be used in various food products, thereby boosting the market expansion over the coming years. The increasing demand for poultry meat along with concerns for animal-friendly food products will create growth opportunities for the cultured meat industry. Poultry farming is associated with various issues such as the threat of poultry diseases, huge investments, transmission of diseases, zoning requirements, and environmental regulations; therefore, cultured poultry meat is increasingly preferred over traditional poultry meat except for its production cost.
 

However, companies are working on reducing the cost and increasing efficiency, which will favor the cultured chicken market growth over the predicted timespan. By the end of 2020, Singapore became the first country to approve cultured chicken nuggets, which will positively impact the cultured chicken market in other countries over the coming years.
 

In 2019, the U.S. announced that cell-cultured livestock and poultry products will be regulated by the FDA and the Department of Agriculture. The labeling rules and detailed requirements are still awaited, indicating that the government is working on cultured meat norms that can soon be a part of the regular diet. Cultured chicken meat addresses the problem of sustainability and prevents various diseases associated with poultry farming, which can be the major factor driving the product demand over the forecast time frame.
 

Growing demand for the alternative of animal-based products will stimulate market in North America

North America cultured meat market size

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North America cultured meat market size is expected to exceed USD 280 million by 2030, Innovation in cellular agriculture along with the rising inclination of consumers toward animal welfare and environmental sustainability is projected to drive the cultured meat industry across the globe. Steadily increasing consumption of meat and meat products along with nutritional benefits associated with them is projected to support regional market share.
 

In addition to these, the ongoing consumer inclination towards higher protein consumption on daily basis is creating lucrative growth opportunities for industry players and meat processors operating in the market. Higher growth opportunities are encouraging market players to invest in alternative meat protein like cultured meat to exhilarate the ever-rising consumer demand.
 

The rapidly growing urban population along with the demand for protein food products will support the product acceptance and demand over the coming years. Consumer perception of edible animal production practices, animal well-being, and environmental impact are few factors restraining the demand for conventional meat products.
 

These factors can be overcome by cultured meat use for food processing, which is anticipated to fuel the demand for cultured meat. Also, the increasing consumer demand for high protein fast foods, such as burgers, sausages, and meatballs, with clean meat labels will boost the product demand, thereby positively impacting the business growth over the forecast period.
 

Innovative product offering and constant research & development activities to be key business strategies incorporated by major market players

The cultured meat market includes key players such as Mosa Meat, Memphis Meats, Aleph Farms, BlueNalu, Finless Foods, Meatable, New Age Meats, Eat Just, Higher Streaks. Company such as Mosa Meat, Memphis Meats, East just are engaged certification process. These company will introduce their product in the market by the end of 2021. Further, Eat Just became the first company across the globe to receive approval for lab-grown cultured chicken meat, making it the first country in the world to commercialize cell-based meat products. Success in Asia Pacific will encourage to follow the suit. Moreover, other company also engaged in several partnership and R& D activities.
 

For instance, In February 2021, Mosa Meat completed USD 85 million Series B investment round.  The last closing round included new and existing investors such as Nutreco, a global leader in animal nutrition and aquafeed, and Jitse Groen, CEO of Just Eat Takeaway.com. The funding brings together a group of experienced global investors who are anticipated to assist Mosa Meat in scaling up its real beef production in a sustainable and safe manner.
 

Likewise, In September 2021, Nomad Foods which is UK based frozen fish company joined forces with the U.S. seafood cell cultured business BlueNalu on a project, which is expected to lead the introduction of cell-based products in Europe.
 

Cultured meat market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Kilo Tons) and revenue in USD (Million) from 2016 to 2030 for the following segments:

By Source

  • Beef Protein
  • Poultry
  • Seafood
  • Pork
  • Duck
  • Others

By End-use

  • Burgers
  • Nuggets
  • Meatballs
  • Sausages
  • Others

The above information has been provided for the following regions:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Malaysia
    • Singapore
  • Latin America
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Qatar
    • Israel

 

Frequently Asked Questions (FAQ) :

Global market for cultured meat surpassed USD 12.7 billion in 2020 and will exceed a CAGR of 410% from 2021 to 2027 driven by the rising consumption of meat and meat products across various regions.
The market revenue from meatballs will exceed USD 1.8 billion through 2030 owing to shifting consumer behavior and rising demand for clean-meat-processed food products.
The cultured meat industry from burgers end-use will register a revenue of USD 240 million up to 2027 impelled by the rising consumer demand for the usage of clean meat in food products like burger.
North America cultured meat industry is anticipated to exceed a valuation of USD 280 million by 2027 due to the increasing inclination of consumers towards environmental sustainability and animal welfare.

Premium Report Details

  • Published Date: Oct 2021
  • Pages: 270
  • Tables: 356
  • Charts / Figures: 39
  • Companies covered: 15
  • Countries covered: 5

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