Cultured Meat Market Size Was Valued at USD 168.21 Billion in 2022, and is Projected to Reach USD 555.28 Billion by 2030, Growing at a CAGR of 16.1% From 2023-2030.
As new businesses continue to discover their latest lab-grown products, cultured meat, also known as "clean meat" or "slaughter-free meat," is gaining momentum. Cultured meat, further known as lab-grown meat, is produced in a controlled environment by cultivating cells in vitro rather than slaughtering animals. It recreates the smell, taste, and surface of cultivated meat. The cells of farm animals are transformed during culturing into a controlled medium that contains the nutrients and growth factors necessary for the bioreactor's growth and transformation of stem cells into mature muscle cells. Additionally, animal stem cells, which are responsible for the production of muscle cells, are used to produce cultured meat. On a modern level, bioreactors, like distillery tanks, will be used to increase the interaction from its research center rudiments
Top Key Players Covered In The Cultured Meat Market:
- Balletic Foods (US)
- Avant Meats Company Limited (China)
- New Age Meats (US)
- Lab farm Foods (US)
- Shiok Meats (Singapore)
- Cell Farm FOOD Tech/Granja Celular S.A (Argentina)
- Integriculture (Japan)
- Future Meat Technologies Ltd (Israel)
- Kiran Meats (US)
- Fork & Goode (US)
- Seafuture Sustainable Biotech (Canada)
- MosaMeat (Netherlands)
- Just Inc (US)
- Biofood Systems LTD (Israel)
- Memphis Meats (US)
- SuperMeat (Israel)
- Appleton Meats (Canada)
- Mission Barns (US)
- Cubiq Foods (Spain)
- Higher Steaks (UK) And Other Major Players.
Market Dynamics and Factors:
The market for cultured meat is being driven primarily by the rising demand for alternatives to animal-based goods. The refined meat market is turned by the developing customer choice for consuming the options for creature-based items. Consumer attitudes toward eating meat products have changed significantly as a result of the growing concern about the exploitation of animals for meat production. However, using animal-based meat substitutes is also important for meeting one's daily protein needs and enjoying the taste of meat.
The producers of cultured meat are taking advantage of a significant opportunity to expand in the market as a result of the fact that there is increasing demand for meat substitute products, particularly in emerging economies. Cultured meat has been the most important research project in the last ten years, and the market will soon have more potential. As a result, the global cultured meat market will continue to enjoy lucrative opportunities in the coming years.
The Cultured Meat Market Report Highlight:
- By Type, the Poultry segment is anticipated to lead the growth of the Cultured Meat market in the forecasted timeframe. Poultry meat is widely consumed globally, making it a popular choice for alternative meat products.
- By Production Technique, the Cell Culture Media segment is expected to have the highest share of the Cultured Meat market over the projected period. Cell culture media plays a vital role in ensuring the successful and efficient production of cultured meat.
- By End-Use, the Nuggets segment is anticipated to lead the growth of the Cultured Meat market in the forecasted timeframe. Nuggets are a widely consumed and popular food item globally, especially among children and young adults. The familiarity and demand for nuggets make it a promising market for cultured meat products.
- By Distribution Channel, the Hypermarkets/Supermarkets segment is anticipated to lead the growth of the Cultured Meat market in the forecasted timeframe. These stores have established supply chains, distribution networks, and strong consumer reach, making them well-suited for introducing and promoting cultured meat products.
- The North America region is expected to have the highest share of the Cultured Meat market over the projected period. Technological advancements are the contributing factors to the region's expansion.
Key Industry Development:
- In March 2023, Balletic Inc. announced the launch of its latest plant-based ingredient, Balletic Nova. This new product is specifically designed for food manufacturers looking to create sustainable and nutritious food products that appeal to health-conscious consumers.
Cultured Meat Market Segmentation:
By Type
- Poultry
- Beef
- Seafood
- Pork
By Production Technique
- Cell Culture Media
- Self-Organizing Technique
- Scaffold-Based Technique
- Others
By End-Use
- Nuggets
- Burgers
- Meatballs
- Others
By Distribution Channel
- Hypermarkets/Supermarkets
- Convenience Store
- Food & Drink Specialty Stores
- Online Retail
For this report, Introspective Market Research has segmented the Cultured Meat Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- The U.S.
- Canada
- Mexico
Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
