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Global Cultured Meat Market Size, Share & Industry Trends Analysis Report By Source, By End Use, By Regional Outlook and Forecast, 2022 - 2028

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    Report

  • 165 Pages
  • May 2022
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5615851
The Global Cultured Meat Market size is expected to reach $319.8 million by 2028, rising at a market growth of 10.2% CAGR during the forecast period.

Cultured meat, also referred to as in vitro meat, is a sort of artificial meat made using tissue engineering and cellular agriculture techniques. Meat has long been used to fulfill human nutritional needs since it is an excellent source of vitamin B12, omega-3 fatty acids, protein, and iron. In vitro meat is created in the lab by putting animal muscle cells into culture conditions for development and proliferation.

The cultured meat market is growing because of a number of factors, comprising low environmental impact, the elimination of the need to raise animals, and a reduction in public health hazards. Alternative protein sources include cultured meat. Consumers are changing the attention to adopting a more healthy diet that promotes a more sustainable lifestyle and reduces reliance on animal proteins. Additionally, people who are allergic to animal-based proteins make up the majority of alternative protein buyers. The increased inclination of consumers for a protein-rich diet as well as the rising dependence on omega-3 fatty acids to meet the demand for critical nutrients is likely to lead to market growth.

The increased demand for nutritious components in developing and improvements in cellular agriculture, as well as an high predisposition toward environmental sustainability and animal welfare, are all anticipated to propel the cultured meat market. At the moment, the market's major participants are concentrating on meat production without slaughter.

COVID-19 Impact Analysis


The increasing worries about food safety in the consumer products industry are expected to support market growth. This is because of the rising desire for healthful food during the COVID-19 pandemic, demand for in-vitro meat climbed slightly. During the COVID-19 era, in-vitro meat acquired a lot of attention as a way to expand the healthy diet. The industry is growing because of increasing consumer issues about boosting immunity and incorporating nutritional elements into meals. The COVID-19 pandemic had a significant impact on meat production, meat pricing, and the supply chain, resulting in a major socio-economic catastrophe around the world.

Market Growth Factors


No animal torture and suffering


The animals population has grown in the previous fifty years, meat consumption has tripled. Animals on farms are subjected to both psychological and physical torture. The reality that billions of animals are reared in deplorable conditions just to serve human taste buds can only be described as brutal and inhumane. The children will definitely look down on slaughters for adopting production-scale animal mistreatment, just as people look down on the forefathers for holding slaves and condoning rampant sexism.

Better long term health for human beings


Aside from the apparent advantages for animal welfare, lab-grown meat also has advantages for human health. Antibiotic resistance is yet another big issue of the day that cultured meat could help to address. In addition, antibiotics are fed in high quantities to farm animals as a preventative precaution. As humans ingest farm animal flesh, people unnecessarily take antibiotics, allowing bacteria to develop resistance to it. These antibiotic resistance kills a large number of people every year in various region alone, and the scenario is only expected to get worse. Lesser the consumption of meat and meat-based product, lessen the chances of contracting any animal transmitted diseases.

Marketing Restraining Factor:


Availability of more healthy alternatives


Customers are being encouraged to consume more legumes, fruits, vegetables, seeds, and nuts as a result of the growing popularity of plant-based products. Additionally, such plant-based goods provide many health benefits, which is engaging more customers. Many people have now increased intake of animal-based meat to diet-related disorders such as heart disease, obesity, type 2 diabetes, and cancer. Plant-based goods, on the other hand, do not induce such diseases, making them a suitable and healthier option for consumers. Many places do not have much preference of consuming meat or artificial meat, hence such population prefer other vegetarian meal to fulfill the nutritional requirements.

Source Outlook


Based on Source, the market is segmented into Poultry, Beef, Pork, Duck, and Seafood. The pork segment garnered a significant revenue share in the cultured meat market in 2021. It is due to rising demand; the pork segment will see the most growth over the forecast period. This is because of the excellent flavor and high nutritious value. L-carnitine is abundant in cultured beef. The segment's expansion is attributable to customers' growing worries about food safety. Beef flesh eliminates toxins while also meeting the desire for nutritional nourishment.

End Use Outlook


Based on End Use, the market is segmented into Burgers, Nuggets, Sausages, Meatballs, and Hot Dogs. The burger segment witnessed the highest revenue share in the cultured meat market in 2021. This is due to the increased demand among consumers for clean beef in dishes like burgers. The growing preference for hamburgers is expected to fuel category expansion. The growing popularity of high-protein is driving market demand. It is because of its lower environmental effect and ethical concerns, cultured meat burgers are the most popular alternative to traditional beef burgers.

Regional Outlook


Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America emerged as the leading region in the cultured meat market with the largest revenue share in 2021. It is due to rising demand for in-vitro meat in the United States and Canada. The regional market is recording rising meat and meat product consumption, as well as the accompanying nutritional benefits. There are many key firms based in the United States, which are concentrating on forming strategic partnerships in trying to entice a broad consumer base.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Upside Foods, Inc., Mosa Meat BV, Supermeat The Essence of Meat Ltd., Eat Just, Inc., Integriculture Co. Ltd., Aleph Farms, Finless Foods, Inc., Avant Meats Company Limited, and Future Meat Technologies Ltd.

» Partnership, Collaboration and Agreement:

  • Mar-2022: Future Meat Technologies came into a partnership with Charoen Pokphand Foods Public Company Limited (CPF), one of the leading unified agro-industrial and food businesses. This partnership aimed to create hybrid cultured meat products for the Asian market, meeting the dynamic consumer tastes and preferences of the Asian continent and enhancing the company's knowledge of the market demands and wide distribution network in the region.
  • Mar-2022

    :

    SuperMeat formed a partnership with Ajinomoto, a Japanese multinational food and biotechnology corporation. This partnership aimed to fasten up and enhance the development of cultivated meat products. Under this partnership, Ajinomoto's entered into cellular agriculture, with biotech investing in SuperMeat.
  • Mar-2022: SuperMeat entered into an agreement with PHW Group, one of Europe's largest poultry producers. This agreement aimed to strengthen the brands' joint mission to bring cultivated meat products, comprising turkey, chicken, and duck, to European consumers. Under this agreement, the companies is expected to work together to gather EU authorization for the products, and be the first to create, manufacture, and distribute cultivated meat at a large scale for consumers.
  • Dec-2021: Aleph Farms joined hands with WACKER, a supplier of leading protein production technologies. This collaboration aimed to cultivate meat companies to gather the same affordable proteins, without utilizing fetal bovine serum (FBS) or animal-derived ingredients.
  • Jul-2021: Future Meat Technologies joined hands with Nestlé, the world's largest food and beverage company. This collaboration aimed to explore the potential of cell-based meat and make a significant move in the field poised to enhance the market, securing the future of future generations.
  • Apr-2021: Avant Meats Company came into a partnership with Archer Daniels Midland Co (ADM), the U.S. agricultural commodities and food processing leader. This partnership aimed to broaden the production of fish analogs and plant-based meat in the region and emphasize developing new nutritious products to aid fulfill the growing demand for food and beverage in the Asia-Pacific region.
  • Apr-2021: Eat Just joined hands with Foodpanda, an online food and grocery delivery platform owned by Delivery Hero. This collaboration aimed to introduce the world’s first home delivery of cultured meat dishes. On the eve of Earth Day, three limited-edition dishes is expected to be revealed on the online food delivery platform in Singapore, completely made with the food tech’s chicken that is cultured directly from cells.
  • Mar-2021: Aleph Farms came into a partnership with BRF, global Brazilian meat, and food company. This partnership aimed to release its lab-grown meat products in Latin America's largest country. Under this partnership, the companies is expected to co-develop and produce cultivated meat utilizing Aleph's patented production platforms, BioFarms, and provide cultivated beef products in Brazil.
  • Jan-2021: Aleph Farms entered into an agreement with Mitsubishi, a global provider of food-related products to consumers. This agreement aimed to enable Aleph Farms to deliver its BioFarm manufacturing platform for the cultivation of whole-muscle steaks. In addition, Mitsubishi is expected to give its expertise in biotechnology processes, branded food manufacturing, and local distribution channels in Japan.
  • Jan-2021: Avant Meats Company formed a partnership with Vinh Hoan, the world's largest pangasius fish producer located in Vietnam. This partnership aimed for Avant Meats to enhance VHC’s comprehensive sales network and manufacturing capabilities and fasten the commercialization of its cultivated fish products.
  • Jul-2020: Integriculture entered into collaboration with Shiok Meats, a cultivated meat, and seafood company. This collaboration aimed to enhance the production of the latter’s flagship product: cultured shrimp meat. Under this collaboration, the companies is expected to develop inexpensive cultured serum for growing shrimp meat in the lab.
  • Jan-2020: Mosa Meat came into a partnership with Nutreco, a leading animal nutrition company. This partnership aimed to fasten the commercial introduction of its lab-grown meat and emphasize creating its cultured meat products commercially available and offer a sustainable and healthier substitute on a large scale.

» Product Launches and Product Expansions:

  • Apr-2022: IntergriCulture unveiled I-MEM, a basal medium. This product launch aimed to make cultivated meat without the inclusion of animal-derived growth factors. The Japanese cellular agricultural startup has successfully swapped out all of the research-grade elements of its medium, I-MEM, with food-grade replacements-preparing the product for commercial sale.

» Geographical Expansions:

  • Dec-2020: Eat Just expanded its geographical footprint by offering lab-grown chicken meat in Singapore after receiving regulatory approval from Singapore Food Agency (SFA). This geographical expansion aimed at the cell-cultured chicken to be produced within Eat Just’s new GOOD Meat brand by partnerships with local manufacturers and go on sale to restaurants prior to it being available to consumers.

Scope of the Study


Market Segments Covered in the Report:


By Source

  • Poultry
  • Beef
  • Pork
  • Duck
  • Seafood

By End Use

  • Burgers
  • Nuggets
  • Sausages
  • Meatballs
  • Hot Dogs

By Geography

  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Egypt
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players


List of Companies Profiled in the Report:

  • Upside Foods, Inc.
  • Mosa Meat BV
  • Supermeat The Essence of Meat Ltd.
  • Eat Just, Inc.
  • Integriculture Co. Ltd.
  • Aleph Farms
  • Finless Foods, Inc.
  • Avant Meats Company Limited
  • Future Meat Technologies Ltd.

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Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Cultured Meat Market, by Source
1.4.2 Global Cultured Meat Market, by End Use
1.4.3 Global Cultured Meat Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Recent Industry Wide Strategic Developments
3.1.1 Partnerships, Collaborations and Agreements
3.1.2 Product Launches and Product Expansions
3.1.3 Geographical Expansions
3.2 Top Winning Strategies
3.2.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.2.2 Key Strategic Move: (Partnerships, Collaborations and Agreements : 2020, Jan - 2022, Mar) Leading Players
Chapter 4. Global Cultured Meat Market by Source
4.1 Global Poultry Market by Region
4.2 Global Beef Market by Region
4.3 Global Pork Market by Region
4.4 Global Duck Market by Region
4.5 Global Seafood Market by Region
Chapter 5. Global Cultured Meat Market by End-use
5.1 Global Burgers Market by Region
5.2 Global Nuggets Market by Region
5.3 Global Sausages Market by Region
5.4 Global Meatballs Market by Region
5.5 Global Hot Dogs Market by Region
Chapter 6. Global Cultured Meat Market by Region
6.1 North America Cultured Meat Market
6.1.1 North America Cultured Meat Market by Source
6.1.1.1 North America Poultry Market by Country
6.1.1.2 North America Beef Market by Country
6.1.1.3 North America Pork Market by Country
6.1.1.4 North America Duck Market by Country
6.1.1.5 North America Seafood Market by Country
6.1.2 North America Cultured Meat Market by End-use
6.1.2.1 North America Burgers Market by Country
6.1.2.2 North America Nuggets Market by Country
6.1.2.3 North America Sausages Market by Country
6.1.2.4 North America Meatballs Market by Country
6.1.2.5 North America Hot Dogs Market by Country
6.1.3 North America Cultured Meat Market by Country
6.1.3.1 US Cultured Meat Market
6.1.3.1.1 US Cultured Meat Market by Source
6.1.3.1.2 US Cultured Meat Market by End-use
6.1.3.2 Canada Cultured Meat Market
6.1.3.2.1 Canada Cultured Meat Market by Source
6.1.3.2.2 Canada Cultured Meat Market by End-use
6.1.3.3 Mexico Cultured Meat Market
6.1.3.3.1 Mexico Cultured Meat Market by Source
6.1.3.3.2 Mexico Cultured Meat Market by End-use
6.1.3.4 Rest of North America Cultured Meat Market
6.1.3.4.1 Rest of North America Cultured Meat Market by Source
6.1.3.4.2 Rest of North America Cultured Meat Market by End-use
6.2 Europe Cultured Meat Market
6.2.1 Europe Cultured Meat Market by Source
6.2.1.1 Europe Poultry Market by Country
6.2.1.2 Europe Beef Market by Country
6.2.1.3 Europe Pork Market by Country
6.2.1.4 Europe Duck Market by Country
6.2.1.5 Europe Seafood Market by Country
6.2.2 Europe Cultured Meat Market by End-use
6.2.2.1 Europe Burgers Market by Country
6.2.2.2 Europe Nuggets Market by Country
6.2.2.3 Europe Sausages Market by Country
6.2.2.4 Europe Meatballs Market by Country
6.2.2.5 Europe Hot Dogs Market by Country
6.2.3 Europe Cultured Meat Market by Country
6.2.3.1 Germany Cultured Meat Market
6.2.3.1.1 Germany Cultured Meat Market by Source
6.2.3.1.2 Germany Cultured Meat Market by End-use
6.2.3.2 UK Cultured Meat Market
6.2.3.2.1 UK Cultured Meat Market by Source
6.2.3.2.2 UK Cultured Meat Market by End-use
6.2.3.3 France Cultured Meat Market
6.2.3.3.1 France Cultured Meat Market by Source
6.2.3.3.2 France Cultured Meat Market by End-use
6.2.3.4 Russia Cultured Meat Market
6.2.3.4.1 Russia Cultured Meat Market by Source
6.2.3.4.2 Russia Cultured Meat Market by End-use
6.2.3.5 Spain Cultured Meat Market
6.2.3.5.1 Spain Cultured Meat Market by Source
6.2.3.5.2 Spain Cultured Meat Market by End-use
6.2.3.6 Italy Cultured Meat Market
6.2.3.6.1 Italy Cultured Meat Market by Source
6.2.3.6.2 Italy Cultured Meat Market by End-use
6.2.3.7 Rest of Europe Cultured Meat Market
6.2.3.7.1 Rest of Europe Cultured Meat Market by Source
6.2.3.7.2 Rest of Europe Cultured Meat Market by End-use
6.3 Asia Pacific Cultured Meat Market
6.3.1 Asia Pacific Cultured Meat Market by Source
6.3.1.1 Asia Pacific Poultry Market by Country
6.3.1.2 Asia Pacific Beef Market by Country
6.3.1.3 Asia Pacific Pork Market by Country
6.3.1.4 Asia Pacific Duck Market by Country
6.3.1.5 Asia Pacific Seafood Market by Country
6.3.2 Asia Pacific Cultured Meat Market by End-use
6.3.2.1 Asia Pacific Burgers Market by Country
6.3.2.2 Asia Pacific Nuggets Market by Country
6.3.2.3 Asia Pacific Sausages Market by Country
6.3.2.4 Asia Pacific Meatballs Market by Country
6.3.2.5 Asia Pacific Hot Dogs Market by Country
6.3.3 Asia Pacific Cultured Meat Market by Country
6.3.3.1 China Cultured Meat Market
6.3.3.1.1 China Cultured Meat Market by Source
6.3.3.1.2 China Cultured Meat Market by End-use
6.3.3.2 Japan Cultured Meat Market
6.3.3.2.1 Japan Cultured Meat Market by Source
6.3.3.2.2 Japan Cultured Meat Market by End-use
6.3.3.3 India Cultured Meat Market
6.3.3.3.1 India Cultured Meat Market by Source
6.3.3.3.2 India Cultured Meat Market by End-use
6.3.3.4 South Korea Cultured Meat Market
6.3.3.4.1 South Korea Cultured Meat Market by Source
6.3.3.4.2 South Korea Cultured Meat Market by End-use
6.3.3.5 Singapore Cultured Meat Market
6.3.3.5.1 Singapore Cultured Meat Market by Source
6.3.3.5.2 Singapore Cultured Meat Market by End-use
6.3.3.6 Malaysia Cultured Meat Market
6.3.3.6.1 Malaysia Cultured Meat Market by Source
6.3.3.6.2 Malaysia Cultured Meat Market by End-use
6.3.3.7 Rest of Asia Pacific Cultured Meat Market
6.3.3.7.1 Rest of Asia Pacific Cultured Meat Market by Source
6.3.3.7.2 Rest of Asia Pacific Cultured Meat Market by End-use
6.4 LAMEA Cultured Meat Market
6.4.1 LAMEA Cultured Meat Market by Source
6.4.1.1 LAMEA Poultry Market by Country
6.4.1.2 LAMEA Beef Market by Country
6.4.1.3 LAMEA Pork Market by Country
6.4.1.4 LAMEA Duck Market by Country
6.4.1.5 LAMEA Seafood Market by Country
6.4.2 LAMEA Cultured Meat Market by End-use
6.4.2.1 LAMEA Burgers Market by Country
6.4.2.2 LAMEA Nuggets Market by Country
6.4.2.3 LAMEA Sausages Market by Country
6.4.2.4 LAMEA Meatballs Market by Country
6.4.2.5 LAMEA Hot Dogs Market by Country
6.4.3 LAMEA Cultured Meat Market by Country
6.4.3.1 Brazil Cultured Meat Market
6.4.3.1.1 Brazil Cultured Meat Market by Source
6.4.3.1.2 Brazil Cultured Meat Market by End-use
6.4.3.2 Argentina Cultured Meat Market
6.4.3.2.1 Argentina Cultured Meat Market by Source
6.4.3.2.2 Argentina Cultured Meat Market by End-use
6.4.3.3 UAE Cultured Meat Market
6.4.3.3.1 UAE Cultured Meat Market by Source
6.4.3.3.2 UAE Cultured Meat Market by End-use
6.4.3.4 Egypt Cultured Meat Market
6.4.3.4.1 Egypt Cultured Meat Market by Source
6.4.3.4.2 Egypt Cultured Meat Market by End-use
6.4.3.5 South Africa Cultured Meat Market
6.4.3.5.1 South Africa Cultured Meat Market by Source
6.4.3.5.2 South Africa Cultured Meat Market by End-use
6.4.3.6 Nigeria Cultured Meat Market
6.4.3.6.1 Nigeria Cultured Meat Market by Source
6.4.3.6.2 Nigeria Cultured Meat Market by End-use
6.4.3.7 Rest of LAMEA Cultured Meat Market
6.4.3.7.1 Rest of LAMEA Cultured Meat Market by Source
6.4.3.7.2 Rest of LAMEA Cultured Meat Market by End-use
Chapter 7. Company Profiles
7.1 Eat Just, Inc.
7.1.1 Company Overview
7.1.2 Recent strategies and developments:
7.1.2.1 Partnerships, Collaborations, and Agreements:
7.1.2.2 Geographical Expansions:
7.2 Integriculture Co., Ltd.
7.2.1 Company Overview
7.2.2 Recent strategies and developments:
7.2.2.1 Partnerships, Collaborations, and Agreements:
7.2.2.2 Product Launches and Product Expansions:
7.3 Avant Meats Company Limited
7.3.1 Company Overview
7.3.2 Recent strategies and developments:
7.3.2.1 Partnerships, Collaborations, and Agreements:
7.4 Future Meat Technologies Ltd.
7.4.2 Recent strategies and developments:
7.4.2.1 Partnerships, Collaborations, and Agreements:
7.5 Mosa Meat BV
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Partnerships, Collaborations, and Agreements:
7.6 Supermeat The Essence of Meat Ltd.
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Partnerships, Collaborations, and Agreements:
7.7 Aleph Farms
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Partnerships, Collaborations, and Agreements:
7.8 Finless Foods, Inc.
7.8.1 Company Overview
7.9 Upside Foods, Inc.
7.9.1 Company Overview

Companies Mentioned

  • Upside Foods, Inc.
  • Mosa Meat BV
  • Supermeat The Essence of Meat Ltd.
  • Eat Just, Inc.
  • Integriculture Co. Ltd.
  • Aleph Farms
  • Finless Foods, Inc.
  • Avant Meats Company Limited
  • Future Meat Technologies Ltd.

Methodology

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