Global Cultured Meat Market By Source (Poultry, Pork, Beef, Seafood, and Duck), By End-use (Burgers, Nuggets, Sausages, Meatballs, and Hot Dogs), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Cultured Meat Market Overview:

The global market for cultured meat was worth USD 159.8 million in 2021. This market is expected to grow at a CAGR of 11.1% between 2023-2032.

This market will be driven by the increasing demand for protein-rich diets. The market is also expected to grow due to the increasing consumption of omega-3 fatty acids in order to meet the need for essential nutrients. The industry’s growth will be driven by a growing preference for in vitro pork-based meat to meet the need for vitamins and nutrients.

Global Cultured Meat Market:

Source Analysis

The largest revenue share, at over 35.0%, was held by the poultry segment in 2021. This is due to the low cost and availability of poultry products. Human immunity is improving with poultry products. The segment growth is further fueled by consumers’ rising health concerns and the affordability of poultry-based products.

Because of its increasing demand, the highest growth will be seen in the pork segment over the forecast period. This can be attributed primarily to its high nutritional value and superior taste. Cultured beef is a great source of L-carnitine. The growing concern over food safety is the reason for the growth of this segment. Beef meat eliminates toxic substances and meets the demand for nutritious foods.

End-Use Analysis

Burgers had a greater revenue share than 40.0% in 2021. This is due in part to consumers’ increasing desire for clean meat in food items such as burgers. This segment is expected to grow due to the increasing popularity of hamburgers across the U.S. The industry is seeing a rise in acceptance of high-protein hamburgers in Canada and the U.S. Due to their low environmental impact and ethical issues, cultured meat hamburgers are a top choice for traditional meat burgers.

The fastest expected growth in meatballs is during the forecast period. In the coming years, the sector is expected to see a rise in investment from private firms in tissue-based meatballs. This will be aided by the growing demand for meatballs in fast-food restaurants and retail stores. The rising consumption of processed meat, the rising demand for packaged meatball foods, and the inclination for meatless options are all likely to contribute to the expanding acceptability of cultured beef.

Key Market Segments:

Source

• Poultry
• Pork
• Beef
• Seafood
• Duck

End-use

• Burgers
• Nuggets
• Sausages
• Meatballs
• Hot Dogs

Market Dynamics:

It is also expected that the market will grow because of rising concerns about food safety in the consumer goods segment. The growing demand for healthy food and the COVID-19 epidemic led to a slight increase in the demand for in vitro meat. The COVID-19 era saw in-vitro beef gain a lot of popularity to help increase healthy eating habits. This market is growing due to consumers’ rising concern for their immune systems and the importance of eating healthy foods.

The market will see growth opportunities due to rising demand in developing countries for nutritional ingredients. There are many other factors that could drive global cultured beef industry growth, including improvements in cell agriculture and an increasing concern for animal welfare. Market growth is hindered by stringent government regulations and consumer skepticism about in-vitro beef. Market leaders are currently focusing their efforts on non-slaughter production. Accordingly, the market will experience significant growth in the forecast period.

Cultured meat is a type of lab-grown animal meat. It is made using many tissue engineering techniques in a culture medium. You can also call cultured meat clean meat, in-vitro meat, or synthetic meat. It is made from cells taken from animals and grown in a suitable culture medium. There are many benefits to cultured meat production and consumption, such as zero animal cruelty and less deforestation.

Cultured beef is produced by animal muscle cell harvesting and then feeding the cells to create muscle tissue. Cultured beef takes up 99% less space than current livestock farming techniques. There are growth opportunities due to a rising disposable income and a growing middle class, especially in the developing world. The Food and Agriculture Organization predicts that the world will see a rise in demand by 66% by 2060. This will lead to a greater need for cultured beef due to its low greenhouse gas emissions and other environmental effects.

The increasing investment by prominent U.S.-based players, such as Aspen Inc., Bluenalu, and Fork & Goode, combined with an increase in demand for ground meat burgers from Canada and the U.S., will fuel industry growth. Cell-cultured seafood that has natural meat flavor is what the major players are pursuing. These in-vitro, sea-based products are highly valued in the U.S. to maintain health. This certification is done by some companies, such as Memphis Meats or Mosa Meats.

Regional Analysis:

North America had the largest revenue share, at 35.0%, in 2021. This was due to increasing demand for in vitro meat in Canada and the U.S. Regional market growth is expected to be supported by the steady growing consumption of meat and meat products. To attract large consumers, key U.S. players are focusing their efforts on building strategic partnerships. This will result in significant growth of the market during the forecast period.

Asia Pacific is predicted to record the highest CAGR at 12.1% between 2023-2032. This can be attributed largely to the growing demand for poultry products from emerging economies like China and India. The market is being driven by growing health concerns in Japan, which is trying to sustain a healthy diet. In December 2020, Singapore Food Agency approved the sale of lab-grown products for meat consumers. Eat Just, an American company, is now providing cultured chicken to Singapore’s meat consumers. The regional market will grow due to the increasing adoption of in vitro meat to combat zoonotic illnesses.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share Analysis:

For customizable, meat-free production, companies are increasingly focusing their efforts on new technologies like three-dimensional printing. But, sustainability implementation has its challenges and limitations. The most important players are focused on maintaining fat content and the ratio of unsaturated fatty acids. Multiple companies have set out to lower the cost of cultured meat products.

The major players are using business expansion techniques to increase their R&D. In order to launch a project that will result in the introduction of cell-based products in Europe, BlueNalu, a U.S. seafood cell-grown business, and Nomad Foods Limited, Based in the UK frozen food company, teamed up.

Key Market Players:

There are several prominent players in global cultured meat markets, including:

• Aleph Farms Ltd.
• Fork & Goode
• Bluenalu Inc.
• Avant Meats Company Limited
• Balletic Foods
• Mosa Meat
• Integriculture Inc.
• New Age Meats
• Other Key Players

For the Cultured Meat Market research study, the following years have been considered to estimate the market size: